Financial education is one of the pending subjects in today’s society. From a very young age, we learn to add, subtract and even do mathematical operations that we rarely use in real life.
But what about our financial education?
According to the latest International Network on Financial Education (OECD/INFE) survey, only 34% of respondents achieved the minimum score required. That’s why today, from CIS University, we want to shed some light on this topic.
What is Financial Education?
Financial education is the process by which we gain knowledge and skills to manage money better.
This kind of education is based on understanding basic concepts such as savings, investment, credit or budget items, in order to make better-informed investment decisions, avoid unnecessary debt and plan our financial future.
In other words, financial education allows us to regain control of our finances and maximize resources to reach our goals more easily.
However, no one at school teaches us how to manage money effectively. However, this is a key aspect to ensure the solvency of our personal and domestic economy.
The importance of Financial Education at University
Universities aim to prepare young people for the future. Therefore, in addition to offering university degrees, it should serve to develop essential skills and competencies for real life.
Many college students are faced with the responsibility of managing their own money for the first time, and without proper financial education, it is easy to fall into debt prematurely. But learning how to manage their money will help them avoid financial problems in the future, whether in their private life or in their professional career.
Because knowing how to budget, save and invest efficiently are skills that will be not only useful during college, but also throughout your life.
In addition, we must keep in mind that one of the options after graduating from college is entrepreneurship, and understanding basic financial principles is crucial for a project to succeed.
Thanks to financial education, you will obtain the necessary tools to develop a business plan, manage cash flow and make strategic decisions that will propel your company towards success.
So, entering to world of financial education during this stage can be a great advantage both personally and professionally.
How to learn Financial Education at CIS University?
At CIS University, we understand education from a holistic and integral point of view. That is why, in addition to offer business and financial education, we focus on providing different ways for our students to further develop their skills in this regard.
For example, thanks to our Business Administration degree, students can learn how to manage a company’s financial resources, take advantage of investment opportunities, and use their financial knowledge to make better decisions.
In other words, the financial education acquired during this degree not only prepares them to face the challenges of the business world, but also unlocks a myriad of job opportunities, since this knowledge applies to all kinds of companies and any sector.
But, in addition to the academic programs, CIS University offers its students the possibility of joining its Finance and Investment Debate Club, where participants can broaden their financial education with knowledge that goes beyond what they have learned at class, for example, through presentations by renowned experts in finance and investment.
And, on the other hand, for those who want to start their own business, we offer an entrepreneurship program that allows them to acquire the financial education required to start their business venture.
Because, at CIS University, we know that financial education is crucial to successfully face the challenges of the real world. If you think so too, we invite you to explore our educational offerings.
