Enhancing students' learning through practical knowledge taught by industry professionals

Abstract

A topic of interest in teaching business courses is incorporating the practical aspect of the subject matter into teaching as this helps to bridge theory and real-world practice. Research indicates that students gain a deeper understanding of material when theory is contextualized through real-life practical examples. However, given the traditional career-path of academics in finance in countries such as South Africa, a significant proportion of finance lecturers have little or no relevant practical experience in the subject matter. In this paper, we discuss a strategy implemented in finance courses at sophomore and senior levels in order to link theory and practice. Guest speakers were invited from industry to contextualize the topics for the students. Students' perceptions on the benefit they derived from the speakers were deduced from statistical analyses of student evaluations. The results indicate that the experience was positive and aided in their understanding of the subject.