The Impact of Work Experience on Students' Financial Behaviour

Abstract

Students' financial behavior has become a crucial topic for many research studies. There is a debatable issue whether work experience has a significant impact on students' financial practices. This research aimed to investigate if gaining experience can help students to display good financial behavior. The main objectives of this research were: i) firstly, to evaluate how financial literate are Albanian university students; ii) secondly, to investigate whether financial behavior differs based work experience; and iii) finally, to draw some conclusions and recommendations regarding the importance of work experience on student's financial behavior. An instrument comprised of personal characteristics and financial background is administered to 637 students from seven universities in Albania. The constituency of the survey is tested based on the dimension reduction and factor analyzing techniques. The One Way Welch ANOVA and multiple comparison tool are utilized to analyze the data. The results revealed that work experience has a positive influence on improving students' financial behavior.