Fifth Third Bank Finance Academy® Entrepreneurship Course Leads to 67% Increase in Knowledge About Business Topics

Apr 26, 2023 12:20 PM ET
Info graphic, "Entrepreneurship Education" Finance academy students assessment scores increased by 67%.

Fifth Third Bank Finance Academy® students saw their knowledge about entrepreneurship topics increase by 67% during the 2021-2022 school year. Scores increases from 52 in a pre-course assessment to 86 out of 100 in a post-course assessment.

Key learning gains included:

  • Building a Budget knowledge increased from 51 to 82.
  • Awareness of how to plan and building a business improved from 40 to 87.
  • Knowledge of how to create a Business Snapshot increased from 40 to 91.

Further, 72% of Finance Academy students were at least somewhat interested in owning their own business in the future. Most students see value in entrepreneurship and desire to support it, even if they don’t have their own plans to become an entrepreneur themselves. Thirty-five percent of learners felt more prepared to understand the risk involved in a business venture after taking the course and 56% of learners felt more prepared to identify business opportunities.

Fifth Third Finance Academy is one of the Fifth Third Bank L.I.F.E. (Lives Improved through Financial Empowerment®) programs offered at no charge to people at every age and stage of life. Other signature programs include the Fifth Third Bank Young Bankers Club®and the Fifth Third Financial Empowerment Mobile, or eBus, a financial empowerment classroom on wheels, that takes financial access and resources directly into underserved communities.