Producing financially literate medical graduates - A national need for a brighter Pakistan

Rehana Rehman, Shah Jahan Katpar, Mehwish Hussain, Rakhshaan Khan

Research output: Contribution to journalArticlepeer-review


Objective: To compare the awareness of financial wellness between male and female medical students. Methods: The cross-sectional questionnaire-based survey was conducted from February to December 2011 and comprised first year medical students belonging to different medical colleges of Karachi. Students from both genders, aged 19-24 years, belonging to all ethnic groups willing to participate were included. A close-ended questionnaire evaluated aspects of financial wellness, using four-point Likert's scale: never, sometimes, mostly, and always from 0 to 4. Besides, factor analysis was performed to investigate common financial wellness among the participants. Results: Of the total 800 students approached, complete responses were received from 736(92%); 210(28.5%) boys and 526(71.5%) girls. The mean financial wellness score of boys was 8.60±3.04 and that of the girls was 7.61 ±3.12 (p<0.0005). Greater number of boys 93(44%) set both short- and long-term financial goals compared to 180(36%) girls (p=0.03). Besides, 218(42%) girls confined themselves to the budget compared to 81(39%) boys (p>0.05). More boys 71(34%) were spendthrift (p<0.0001) and 57(27%) preferred to keep their savings in bank accounts compared to the girls (p<0.0001). Overall, boys were better in financial security wellness compared to the girls (p=0.001). Conclusion: Male medical students exhibited awareness of financial wellness better than girls.

Original languageEnglish
Pages (from-to)847-850
Number of pages4
JournalJournal of the Pakistan Medical Association
Issue number8
Publication statusPublished - 30 Jul 2015


  • Financial literacy
  • Financial wellness
  • Medical students
  • Pakistan
  • Wellness wheel


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