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<p>Tertiary education can play an essential role in ensuring that financial planners are professionally equipped to develop strategies and solutions that holistically address a client’s circumstances and needs. Survey findings of undergraduate university students in this study reveal differing perceptions of learning the high-level skill of developing strategies and solutions within the process of Personal Financial Planning (PFP). Such differences are found to be associated with demographic groupings of age, gender, first language, home country and work experience. The findings suggest that financial planning programs offered by higher education institutions need to be designed to promote and assess deep learning through cohesive curriculum, practical modelling and work experience opportunities. The study also suggests that there is a need for additional research into the relationship between student perceptions and student performance in assessment tasks requiring students to produce a financial plan.</p>
</abstract>

Tertiary education can play an essential role in ensuring that financial planners are professionally equipped to develop strategies and solutions that holistically address a client’s circumstances and needs. Survey findings of undergraduate university students in this study reveal differing perceptions of learning the high-level skill of developing strategies and solutions within the process of Personal Financial Planning (PFP). Such differences are found to be associated with demographic groupings of age, gender, first language, home country and work experience. The findings suggest that financial planning programs offered by higher education institutions need to be designed to promote and assess deep learning through cohesive curriculum, practical modelling and work experience opportunities. The study also suggests that there is a need for additional research into the relationship between student perceptions and student performance in assessment tasks requiring students to produce a financial plan.

Learning to Produce a Financial Plan: Student Perceptions of Integrating Knowledge and Skills

Financial Planning Research Journal

This work is licensed under the Creative Commons Attribution 4.0 International License.

Tertiary education can play an essential role in ensuring that financial planners are professionally equipped to develop strategies and solutions that...

Learning to Produce a Financial Plan: Student Perceptions of Integrating Knowledge and Skills

Published Online: Mar 19, 2024

Page range: 29 - 54

Received: May 10, 2018

Accepted: Jan 03, 2019

DOI: https://doi.org/10.2478/fprj-2019-0002

© 2019 Michelle Cull, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.