Smeal College of Business Finance Major: Gateway to Financial Excellence

The Finance major at Penn State’s Smeal College of Business is a highly sought-after path, renowned for its rigor and the career opportunities it unlocks. Entry into the major, however, is competitive and involves meeting specific academic requirements and navigating a selection process.

Academic Pre-requisites: Before even applying, prospective Finance majors must first demonstrate a solid academic foundation. This includes successfully completing pre-major coursework with a minimum GPA. Key courses often include introductory accounting (ACCT 211), introductory statistics (STAT 200 or equivalent), introductory microeconomics and macroeconomics (ECON 102 and ECON 104), and calculus (MATH 110 or higher). The required GPA for these courses fluctuates depending on the applicant pool, but it consistently remains above the minimum university requirement.

The Entrance to Major (ETM) Process: Smeal uses a competitive Entrance to Major (ETM) process. Students apply for their desired major after accumulating a certain number of credits, typically around 45-59 credits. The ETM application considers various factors beyond just the pre-requisite GPA.

Application Components: The ETM application generally includes a comprehensive review of the student’s academic record, including all courses taken at Penn State, not just the pre-requisites. Strong performance in other business-related courses can positively influence the decision. Students are also required to write a personal statement articulating their reasons for choosing the Finance major, their understanding of the field, and their future career aspirations. This statement offers a chance to showcase their passion, analytical skills, and commitment to academic excellence.

Holistic Review: Smeal emphasizes a holistic review process. This means that beyond GPA and grades, the admissions committee considers factors like demonstrated leadership qualities, involvement in extracurricular activities, relevant work experience (internships, part-time jobs), and communication skills. Involvement in business-related clubs and organizations, such as the Penn State Investment Association, can significantly strengthen an application.

Strategies for Success: Aspiring Finance majors should prioritize academic excellence from their first semester at Penn State. Building a strong GPA in all courses, particularly the pre-requisites, is crucial. Actively participate in class, seek help from professors and teaching assistants when needed, and utilize available academic resources. Beyond academics, actively engage in extracurricular activities, seek out leadership opportunities, and network with current Finance students and alumni to gain insights into the field and the ETM process. Preparing a well-crafted and compelling personal statement is essential to showcase your unique qualities and aspirations.

Gaining admission to the Finance major at Smeal is a challenging but rewarding achievement. It requires dedication, hard work, and a strategic approach to academic and extracurricular pursuits. By focusing on building a strong academic foundation, actively participating in the Smeal community, and crafting a compelling application, students can significantly increase their chances of securing a place in this prestigious program.