Academic Status Differences in Financial Literacy among Albanian University Students
Academic Status Differences in Financial Literacy among Albanian University Students

Summary/Abstract: This paper investigates the differences in Financial Literacy among Albanian university studentsbased on their academic status ranking. The main objectives of the current research are: i) firstly, to evaluatethe three components of financial literacy and to make comparison among master and bachelor students; ii)secondly, to calculate an overall score of financial literacy and to reveal whether master students are morefinancial literate than bachelor ones; iii) finally, to provide some conclusions and recommendation in order tohelp students improve their financial skills. Data for this research are collected from 607 students from fivepublic and three private universities in Albania. The reliability analyses and the one way Welch Anovatechnique are utilized to analyze the data. The outcome reveals no differences on financial attitude andbehaviour among master and bachelor students, although mater students are shown to be more financiallyknowledgeable. This study also suggests that both students’ categories are not financially literate. This studywill be useful for practitioners and educational institutions in order to improve their curricula and helpstudents to be more financially capable.

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