Incoming 1st year undergraduate- what do I do before?

Hi everyone,

I was accepted for admission to my top university which has a relatively highly ranked undergraduate business school. (top 10 on US News if that matters) I know for sure I want to pursue a master’s after undergrat, probably with a concentration in finance, and since I didn’t have the grades in high school for some of the top business schools like UPenn or Georgetown I want to aim high for business school. I’m thinking about a career in finance right now but not exactly sure what I want to do (which is mostly why I’m thinking about graduate school already)

What should I do in the summer before I start college to best prepare for business school and the admission process? I want to do it better this time and I’m looking for brutally honest advice as maybe some of you were once in my position.

I'm appreciative of any kind of advice at all

 

Try and connect with people who went to your high school and work in finance to understand the paths. Check with your high school’s alumni relations department or LinkedIn. Also just watch YouTube videos on the topic.

 

Congratulations on your acceptance! It's great to see you're already thinking ahead about your future in finance and aiming for a master's degree. Here's a comprehensive plan to make the most out of the summer before you start college, tailored to your aspirations:

  1. Brush Up on Fundamentals: Given your interest in finance, start with the basics of accounting and finance. Websites like Khan Academy or Coursera offer free courses that can give you a solid foundation.

  2. Read Widely: Dive into some finance and business-related books. "The Intelligent Investor" by Benjamin Graham is a classic for understanding investing. Also, consider reading "Thinking, Fast and Slow" by Daniel Kahneman to get insights into decision-making processes in economics.

  3. Networking: Start building your professional network early. LinkedIn is a great platform for this. Connect with alumni from your university's business school, introduce yourself, and express your interest in finance. You might get valuable advice or even mentorship opportunities.

  4. Extracurricular Activities: Look for clubs and organizations related to business and finance at your university. Joining these can provide practical experience and networking opportunities. If possible, reach out to them over the summer to express your interest and learn how you can get involved right away.

  5. Internships and Volunteering: While it might be challenging to secure finance internships as a high school graduate, don't overlook volunteering or internships in related fields. Any experience in a business setting can be beneficial. Small businesses, startups, or local nonprofits might be more open to offering opportunities.

  6. Stay Informed: Start following financial news and markets. Apps like Bloomberg and CNBC can keep you updated. Understanding current events in finance will not only deepen your knowledge but also make you more conversant in the subject.

  7. Prepare for GMAT/GRE: It's early, but familiarizing yourself with the structure and content of these exams can be beneficial. You don't need to start intense studying yet, but understanding what's ahead can help you plan your academic journey more effectively.

  8. Academic Excellence: Once you start college, focus on maintaining a strong GPA. Graduate schools, especially top finance programs, consider your undergraduate academic performance crucially.

  9. Explore: Use this time to explore different areas within finance through online resources or by talking to professionals in the field. Understanding the breadth of careers in finance (investment banking, private equity, asset management, etc.) can help you make more informed decisions later on.

Remember, the journey to a career in finance is a marathon, not a sprint. Use this summer to lay a strong foundation, but also take time to relax and recharge before college begins. Your future in finance is bright, and starting with these steps will put you on the path to success.

Sources: Freshmen: What to do during your freshman year summer, Ask mbaMission about Business School Admissions, How to proceed further?, How to prepare for HF summer internship?, As A Soon-To-Be College Freshman, What Should I Do This Fall?

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