http://www.iaeme.com/IJMET/index.asp 127 editor@iaeme.com International Journal of Mechanical Engineering and Technology (IJMET) Volume 9, Issue 7, July 2018, pp. 127–134, Article ID: IJMET_09_07_015 Available online at http://www.iaeme.com/IJMET/issues.asp?JType=IJMET&VType=9&IType=7 ISSN Print: 0976-6340 and ISSN Online: 0976-6359 © IAEME Publication Scopus Indexed EFFECTIVENESS OF FINANCIAL EDUCATION WORKSHOPS AMONG UNIVERSITY FACULTY MEMBERS Dr. R R Rajamohan Associate Professor, VIT Business School, VIT University, Vellore, Tamilnadu, India P. Sathish Research Scholar, VIT Business School, VIT University, Vellore, Tamilnadu, India ABSTRACT The objective of this paper is to see whether the financial literacy programme have any impact on the respondents. This is carried out by administering a questionnaire to faculty members of a university prior and post the workshop. Two such workshops were conducted. The questions covered the topics such as savings, compounding, inflation, life insurance, safety, risky asset investments, home loan interest, bond prices, diversification etc. The difference in the scores scored by them between the post-test and pre- test in both the workshops is found to be significantly positive. Thus, one could infer that the financial education programmes conducted by the authors were instrumental in improving the financial knowledge of the faculty members who attended the programmes, which in turn will improve the quality of their future financial investment decisions. Key words: Financial Literacy Impact, Financial Education, Financial Knowledge, Personal Finance. Cite this Article: Dr. R R Rajamohan and P. Sathish, Effectiveness of Financial Education Workshops among University Faculty Members, International Journal of Mechanical Engineering and Technology 9(7), 2018, pp. 127–134. http://www.iaeme.com/IJMET/issues.asp?JType=IJMET&VType=9&IType=7 1. INTRODUCTION One of the important problems faced by the household in India is the lack of working knowledge about the various financial concepts and tools required to take efficient decisions in their financial planning activities. Financial decisions taken by the individuals in any family will have an impact on their current as well as the future wellbeing of the family members.