Effectiveness of Seminar Based Approach on the Level of Financial Literacy among Dental Students of Central Gujarat

Abstract

Introduction: Financial literacy refers to knowledge and skills related to effective and informed money management decisions. Healthcare professionals graduate with some of the highest student loan debt level. They complete their graduation with minimal unbiased financial planning guidance. Aim: To assess the effectiveness of seminar based approach on the level of financial literacy among dental students of Vadodara, Gujarat, India. Materials and Methods: This prospective interventional study was conducted in Vadodara, Gujarat, India from May 2021 to October 2021. The data was collected from 332 participants through a closed ended questionnaire which included 83 statements related to banking, alternate banking, investment and income and expenditure. The data was assessed using Paired t test to assess the effectiveness of financial education seminar at 95% confidence level. The software used was IBM Statistical Package for the Social Science (SPSS) Version 21.0 for Windows. Results: This study included 332 interns and postgraduate students, of which 209 participants were female while 123 participants were male. There was a significant difference in the knowledge of students on various financial aspects covered in the study before and after the seminar with respect to gender, age and category of students (p-value<0.05). There was a significant difference in the knowledge of participants before and after the seminar on financial literacy (p-value<0.001) Conclusion: The result shows that the score of the participants improved after the 90 minutes seminar which will helpful to them for their future long-term investment decisions.

Keywords

• college
• financial inclusion
• interns
• postgraduates