Integrating Financial Literacy and Business Planning in Higher Education: Evidence from PKM-Based Learning Programs

Bambang Mardi Sentosa; Agus Suherman; M. Yus Firdaus; Joko Rianto; Andri Kurniawan; Walla Astianty Putri; Bella Suci Novitri; Ahmad Murodi; TB. Yudi Muhtadi

doi:10.31004/riggs.v4i3.2235

Authors

Bambang Mardi Sentosa Universitas Islam Syekh-Yusuf
Agus Suherman Universitas Islam Syekh Yusuf
M. Yus Firdaus Universitas Islam Syekh Yusuf
Joko Rianto Universitas Islam Syekh Yusuf
Andri Kurniawan Universitas Islam Syekh Yusuf
Walla Astianty Putri Universitas Islam Syekh Yusuf
Bella Suci Novitri Universitas Islam Syekh Yusuf
Ahmad Murodi Universitas Islam Syekh Yusuf
TB. Yudi Muhtadi Universitas Islam Syekh Yusuf

DOI:

https://doi.org/10.31004/riggs.v4i3.2235

Keywords:

Financial Literacy, Business Planning, Higher Education, PKM-Based Learning, Entrepreneurship Education

Abstract

The integration of financial literacy and business planning skills in higher education is essential to prepare students for the challenges of the modern economic landscape. This study examines the effectiveness of incorporating financial literacy concepts into business planning through the implementation of Programs to the Community (PKM)-based learning. Employing a mixed-methods approach, quantitative data were collected through pre- and post-tests measuring students’ knowledge and skills, while qualitative insights were obtained from focus group discussions and reflective journals. The participants consisted of 20 undergraduate students from various disciplines in Indonesian universities, engaged in PKM projects over one academic semester. Findings indicate a significant improvement in students’ ability to develop comprehensive business plans, manage budgets, and evaluate financial feasibility, with an average knowledge increase of 28% compared to baseline. Qualitative data reveal that PKM-based learning fosters critical thinking, collaboration, and entrepreneurial mindset, while contextualizing theoretical knowledge into practical applications. The study concludes that integrating financial literacy into PKM-oriented business planning courses provides a holistic and experiential learning model, contributing to students’ readiness for professional and entrepreneurial endeavors. These results highlight the potential for scalable implementation of PKM-based curricula in higher education to strengthen economic empowerment and innovation capacity among graduates.

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