Today's students understand that a successful career isn’t just about having subject matter expertise – it’s also about possessing the skills necessary to thrive in a professional environment. In a recent Student Voice survey by Inside Higher Ed and College Pulse, 41% of students emphasized the importance of developing specific career-ready skills, such as communication, leadership, and financial management. This demand highlights the need for colleges to integrate career preparation directly into their academic programs.

Financial Literacy as a Cornerstone of Career Readiness

One area that is increasingly relevant to students’ success in both their personal and professional lives is financial literacy. As students enter the workforce, they face important financial decisions – from managing student loans to saving for retirement to understanding their first paycheck. 

By equipping students with the tools to make informed financial decisions, colleges can set them up for long-term success. 

Financial literacy programs, like iGrad, provide students with practical knowledge about budgeting, credit management, and investments, empowering them to make sound financial choices from day one of their careers.

Why Financial Literacy Matters for Every Major

Regardless of their chosen field, every student can benefit from financial education. Whether they're pursuing careers in business, healthcare, education, or the arts, students will encounter financial challenges that require thoughtful planning and decision-making.

Financial literacy programs integrated into career services or general education curricula can provide students with the foundational knowledge they need to manage their finances, build wealth, and avoid common pitfalls such as debt and poor credit management.

Faculty and Career Centers: A Powerful Partnership

Faculty play a pivotal role in preparing students for life beyond college, and their involvement in career readiness initiatives is critical. According to the Student Voice survey, seven in 10 students reported that at least one professor had helped them explore career paths or develop specific career skills. 

By partnering with career centers and financial education providers, faculty can ensure that students receive comprehensive career preparation that includes financial literacy. This collaboration can help students graduate not only with academic knowledge but also with the practical skills to manage their careers and finances successfully.

Financial Literacy and Life Preparedness

As institutions continue to explore how to best prepare students for the workforce, financial literacy should be a priority. Beyond helping students manage their finances, it also reduces financial stress, allowing students to focus more on their studies and career goals.

Financial education helps students make smart choices, whether they’re deciding on a student loan repayment plan or figuring out how to invest in their future.

To learn more about how iGrad’s financial literacy programs can support your institution in preparing students for successful careers, request a demo and see how they’re designed to equip students with the skills they need to thrive in the real world