Students’ attitudes toward personal financial planning: a case study of master of business administration students at the university of namibia.

ABSTRACT

The objective of this study was to evaluate the attitude of MBA students of the Namibia Business School at the University of Namibia, toward personal financial planning. The study followed a quantitative research approach using an explorative descriptive design. A survey method using a questionnaire adopted from a previous study on financial literacy and personal financial planning, namely the Financial Planning Scale, was adopted for this study. The population comprised of all NBS-MBA students. The sample consisted of 30 NBS - MBA students, selected using the random sampling method. The reaction of the study was positive as a 100% response rate was obtained. The data was analysed using Microsoft Excel Data Analysis Tool-pack. The results of the study revealed that NBS-MBA students have a positive attitude toward personal financial planning. However, the high degree of uncertainty as well as the disagreeing degree requires remedial action such as NBS cooperating with other stakeholders in providing support to its MBA students to improve their personal financial planning.