The Future of Finance Education in Pakistan: Preparing for an AI-Driven Industry

Authors

  • Sumiya Sattar Gomal University. Author
  • Saba Latif Bahauddin Zakria University, Multan. Author
  • Adnan Ali Syed PSO Company  Limited, Faisalabad. Author
  • Muhammad Faheem Ullah University of Agriculture, Faisalabad, Pakistan. Author

DOI:

https://doi.org/10.62345/jads.2024.13.3.133

Keywords:

Finance Education, Artificial Intelligence, Curriculum Development, Fintech

Abstract

This study investigated the transformation of finance education in Pakistan amid the rising influence of artificial intelligence (AI) in the financial sector. Through a mixed-methods approach involving 245 finance educators, industry professionals, and students from major Pakistani universities, the research examined current curricula gaps, industry requirements, and necessary pedagogical shifts. Results indicated significant disparities between existing finance education and industry needs, with 73% of professionals identifying AI literacy as crucial for future finance graduates. The study found strong positive correlations between AI-integrated finance education and graduate employability (r = 0.78, p < 0.001). Recommendations include curriculum redesign, faculty development programs, and industry-academia partnerships to prepare finance students for an AI-driven future.

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Author Biographies

  • Sumiya Sattar, Gomal University.

    MBA (General) 3.5, Gomal University. Email: Simmisattar@yahoo.com 

  • Saba Latif, Bahauddin Zakria University, Multan.

    MS Banking & Finance (GC University Lahore), MBA Finance (IBA Punjab University Lahore) and Visiting Faculty, IBF, Bahauddin Zakria University, Multan. Email: Sabalatifgc@gmail.com

  • Adnan Ali Syed, PSO Company  Limited, Faisalabad.

    MS Banking & Finance (GC University Lahore); MBA Finance (IBA Punjab University Lahore). PSO Company 
    Limited, Faisalabad. Email: sadnanz@gmail.com

  • Muhammad Faheem Ullah, University of Agriculture, Faisalabad, Pakistan.

    Research Scholar, Institute of Business Management Sciences, University of Agriculture, Faisalabad, Pakistan. Email: muhammadfaheemullah6@gmail.com

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Published

2024-09-01

How to Cite

The Future of Finance Education in Pakistan: Preparing for an AI-Driven Industry. (2024). Journal of Asian Development Studies, 13(3), 1652-1659. https://doi.org/10.62345/jads.2024.13.3.133

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