Exploring the Relationship Between Personality Traits and Financial Well-Being Among Second Year Hospitality Management Students at the University of Mindanao

This study examined the prophetic power of personality traits (extraversion, agreeableness, openness, conscientiousness, and neuroticism) on the financial well-being of Second year hospitality management students of the University of Mindanao - Main. In addition, this study used a correlational quantitative design. 133 Hospitality Management students from the University of Mindanao - Main College of Hospitality Education participated in the online survey via Google forms. Hypotheses were tested using regression analyses in Jamovi software by the researchers. The findings of the study show that only openness to experience (R=0.159, p-value=0.006) and neuroticism (R=0.100, p-value=0.083) are significantly and positively associated with financial well-being. On the other hand, there was no perceptible correlation found in the hypothesized paths between agreeableness, conscientiousness, and extraversion, toward financial well-being. The regression model’s R² value of 0.0396 implies that the personality traits can explain 4% of the variance in Hospitality Management students’ financial well-being. Finally, the study has provided insights for creating targeted interventions and initiatives that will improve hospitality management students overall well being alongside financial literacy.