GE Money bank and Let’s Go Foundation present Student Survey Results that show strong need for entrepreneurship in education programs.

Manila, 25 July 2007 – Let’s Go Foundation and GE Money Bank recently presented the results of the study on entrepreneurship conducted among students from the four (4) women colleges that comprise the Consortium of Women Colleges namely; Assumption College, St. Scholastica’s College, College of the Holy Spirit and Miriam College.

According to the results, majority of the students (88%) intend to start their own business in the future. However, limited knowledge, understanding and experience pose serious obstacles. 78% of the students surveyed have not been exposed to formal business management or entrepreneurship courses. Their understanding for business seems to be limited only to selling, which they experienced when they were growing up. 90% of the respondents answered that they would like to learn more about entrepreneurship and how to start their own business. Clearly, there is a gap in terms of the desire to put up a business with the knowledge and skill needed in order to accomplish this task. This gap show the strong need to educate students on entrepreneurship.

Also expressed in the survey is the fact that 64% of the students prefer to be employed in a private corporation or a nonprofit organization after they graduate, while only 31.75% thought of owning a business or being self-employed. These results show the continued focus of society towards pursuing employment rather than creating it after college.

The survey further revealed that the students are mostly influenced by their families to start a business; teachers only garnered a response of 5, which shows that schools have always followed the path of developing employees rather than entrepreneurs.

With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company’s Website at www.ge.com.

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