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What could I expect in finance, any advice would help.?

I'm a senior in high school and recently got accepted for Texas State University school of business for finance. I look forward to studying finance, how is it, what should I expect, any tips before I start my freshmen year? #fall24

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James Constantine’s Answer

Good Day Fabian!

What to Expect in Finance at Texas State University

Overview of Finance Studies Studying finance at Texas State University, or any university, involves a comprehensive understanding of how money is managed, invested, and utilized within various contexts. You will cover topics such as financial markets, investment strategies, corporate finance, risk management, and personal finance. The curriculum typically includes both theoretical frameworks and practical applications.

Core Courses As a finance major, you can expect to take core courses that may include:

Principles of Finance: An introduction to the concepts of time value of money, risk-return tradeoff, and financial decision-making.
Financial Markets and Institutions: Understanding the role of financial markets and institutions in the economy.
Investment Analysis: Learning about different types of investments (stocks, bonds, real estate) and how to analyze their performance.
Corporate Finance: Focusing on how corporations manage their finances through capital structure decisions and funding strategies.
Risk Management: Exploring methods for identifying and managing financial risks.

Skills Development Throughout your studies, you will develop essential skills such as analytical thinking, quantitative analysis, problem-solving abilities, and proficiency in financial software tools like Excel or specialized financial modeling programs.

Internships and Networking Engaging in internships during your college years is crucial. They provide hands-on experience that complements your academic learning. Networking with professionals through university events or local business organizations can also open doors for future job opportunities.

Extracurricular Activities Participating in finance-related clubs or organizations can enhance your understanding of the field while allowing you to meet peers with similar interests. Consider joining groups like the Finance Club or participating in case competitions.

Tips Before Starting Your Freshman Year

Familiarize Yourself with Financial Concepts: Reading books or articles on basic finance principles can give you a head start.
Develop Strong Study Habits: College coursework can be rigorous; establishing effective study routines early on will benefit you greatly.
Utilize Campus Resources: Take advantage of tutoring centers, libraries, and academic advising services offered by Texas State University.
Stay Informed About Current Events: Understanding global economic trends will help contextualize what you learn in class.
Build Relationships with Professors: Engaging with faculty can provide mentorship opportunities and insights into the industry.

In summary, studying finance at Texas State University will equip you with valuable knowledge and skills applicable to various career paths in business and finance sectors. Embrace the learning process and seek out experiences that enhance your education.

Top 3 Authoritative Sources Used in Answering this Question:

Texas State University - McCoy College of Business Administration: This source provides detailed information about the finance program structure, courses offered, faculty expertise, and student resources available at Texas State University.

Investopedia - Finance Basics: Investopedia is a reputable online resource that offers comprehensive explanations of fundamental finance concepts which are essential for students entering the field.

The Wall Street Journal - Business & Finance Section: This source keeps readers updated on current events related to business and finance which is crucial for students to understand real-world applications of their studies.

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Andre’s Answer

Hey Fabian! First of all, congratulations on your acceptance to Texas State University—huge milestone! You’re stepping into the exciting world of finance, and trust me, it’s a game-changer if you approach it right. Here’s what to expect and how to prepare like a pro:

1️⃣ Expect the Numbers and the Bigger Picture: You’ll dive deep into spreadsheets, formulas, and financial analysis, but the real win is understanding the ‘why’ behind the numbers. Finance isn’t just math—it’s about strategy and problem-solving. Think about how companies make decisions or how investments grow wealth. Keep your curiosity alive!

2️⃣ Networking is Gold: Finance is as much about people as it is about numbers. Start building your network NOW—professors, classmates, and local professionals in Houston. Attend events, join finance-related clubs, and don’t shy away from LinkedIn! Your first job might come from someone you meet in college.

3️⃣ Internships Are Your Secret Weapon: Don’t wait for junior year to think about internships. Even as a freshman, start exploring opportunities at local firms or banks. It’s not just about adding experience to your resume—it’s about learning where you fit in the finance world.

4️⃣ Stay Ahead of the Curve: Tools like Excel and financial modeling will become your best friends. If you can, take a free course online to sharpen those skills early. Bonus points for learning about markets—start reading The Wall Street Journal or using apps like Bloomberg.

5️⃣ Mindset is Everything: Finance can be intense, but stay focused. Bring that “Mamba Mentality” to every class and assignment. Be the student who goes above and beyond—whether it’s prepping for exams or asking insightful questions in class.

A little bonus tip: since you’re already in Houston, keep an eye on local finance meetups and events—it’s a thriving city for business opportunities! The people you meet and the projects you work on now will set the stage for your future success.

You’re on an incredible journey, Fabian—own it and make every moment count!
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Michelle’s Answer

Hello, Fabian !

Although your question is great, it is quite broad and doesn't specify any certain things that you may be wondering about. Have no expectations - let your experience flow naturally. If you liked high school, you will love college. No one can tell you what you, Fabian, will experience.

There are some basic things that you may be wondering about. If you wonder what courses you will be expected to take, you can go to the college website and read what is expected for your major. Basic things like showing up for class, handing in assignments on time and lots of reading and writing and meeting lots of new people are the usual things anyone can expect at college. But it all goes differently for each student.

What will be important is how dedicated and involved you are. Things such as volunteer work, activities, a Work Study job can keep you involved in learning about your major subject or learning new skills. Find out about different finance computer programs and get a head start learning them. Don't overthink the future, set doable goals that will keep you on track.

If you are curious, register for an orientation at your future school, Texas State University. You will get a tour and orientation of the campus and the opportunity to ask any questions that only the students or staff would know. Contact the University and register as soon as you can. It's best to get your own impression for this.

Take things step by step and research things you may be wondering about and I wish you all the best !
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