Finance Entrance to Major at Penn State

Gaining direct admission into the Finance major at Penn State’s Smeal College of Business is highly competitive. While some students are admitted directly from high school, the majority enter the major after completing pre-major coursework. This process, known as the Entrance to Major (ETM), requires careful planning and diligent academic performance.

Pre-Major Requirements

Before applying to the Finance major, students must satisfy specific pre-major course requirements. These typically include introductory courses in accounting (ACCT 211), economics (ECON 102 or 104), business law (B Law 243), and statistics (STAT 200 or SCMIS 200). A solid foundation in these areas is crucial for success in upper-level finance courses.

GPA Requirements

Grade Point Average (GPA) plays a significant role in the ETM process. There’s often a minimum GPA requirement to even apply to the major. However, simply meeting the minimum doesn’t guarantee acceptance. The higher your GPA, particularly in the pre-major courses, the stronger your application will be. A GPA significantly above the minimum is generally needed to be competitive.

Competitive Admissions

The Finance major at Smeal is a popular choice, resulting in a competitive admissions environment. Smeal uses a holistic review process. While GPA is a key factor, other elements can contribute to a successful application. These can include involvement in relevant clubs, internships, or work experience showcasing an interest in finance. Leadership roles and strong communication skills can also be beneficial.

The Application Process

Students typically apply for the Finance major during specific application windows, usually at the end of their sophomore year or the beginning of their junior year. The application itself is usually online and requires submitting transcripts and potentially a personal statement or essay. This statement allows applicants to articulate their interest in finance, highlight relevant experiences, and demonstrate their understanding of the field.

Alternative Pathways

If a student is not immediately accepted into the Finance major, there are alternative pathways to consider. They can reapply during a subsequent application window, focusing on improving their GPA and gaining relevant experience. Some students may also consider related majors, such as Accounting, Economics, or Risk Management, and potentially pursue a Finance minor or take relevant finance electives.

Seeking Guidance

Prospective Finance majors are strongly encouraged to seek guidance from academic advisors within the Smeal College of Business. Advisors can provide valuable information about the ETM process, course selection, and strategies for strengthening their application. Utilizing these resources is crucial for navigating the competitive landscape and maximizing the chances of acceptance into the Finance major.