What is some advice you would give to a high schooler trying to get into the business and finance world?
I'm currently a sophomore in high school with plans to double major in economics and finance. I'm actively looking for internships and job opportunities that can help me gain some real-world experience before college. #business #finance #entrepreneur #internship #networking
1. Try and learn new things outside of business and finance. Business is broad, and it's a discipline that I believe is best learned on the job. A lot of what you learn in school is theoretical. I strongly believe specializing and developing skills outside of business and finance can help set you apart. Before I transferred to engineering I was heavily involved on the business side, and that experience has helped me become a better engineer. The converse is also true! By learning new skills that you are interested in, outside of business and finance, it can help you on the business side as well!
2. More broadly, your career aspirations will probably change. It is likely that you will have multiple careers in sectors that you didn't imagine you would be interested in while in college. :)
Best of luck!
All of the answers mentioned above are amazing suggestions, and I believe you must inculcate in your life. However, I 'll add a few things in my opinion that might help you.
1. Specific to business
Explore the world of business. How? Go start reading the most unconventional and authentic sources of knowledge (reports, articles, books). Mckinsey, financial times, Bloomberg, economist, world bank, world economic forum, etc. Moreover, read case studies and try to come with your own solutions to it, and then discuss your solutions with any expert you find in the field. Volunteer, and intern in dynamic roles and industries. That way you will be able to understand the business more. Last but not the least, start your own venture. If you fail, you will learn a lot. If you succeed then great Job!
2. Specific to finance
Reading still stays there. Learn financial skills such as creating financial statements, creating cashflow predictions. Learn about financial terms, such as beta, NPV, ROI, ROE, debt-equity and their ratios. Once you learn them, apply them to your daily money management. Create financial plans for any new business ideas. Learn about the stock market and maybe try investing in a few just for the sake of learning.
Know that finance is not like accounting, in fact it's a language of business.
Hope this helps!
1) **** GOOD GRADES!****
Since you are in still high school, you have a lot of time, and first, don't forget to focus on the basics: try to be a very good student and get amazing grades in general and even better grades in quantitative classes, for example math, physics. This will bring you a lot of benefits in the future.
Try to start reading more about finance & economics in newspapers. You can read from multiple sources, one I love is THE ECONOMIST. I think you can have at least 5 free articles a month, and perhaps there is a free student membership?
It is not easy to find a finance internship right away in high school, but love that you are trying, so as Matt said, contact local banks and other finance companies. BUT ALSO, seek volunteering opportunities in which you can help in areas related to finance. I am sure you may already have ideas in mind, but FOR EXAMPLE:
- How about help fundraise to specific non profit organizations you relate to their mission (even to your school or local community)? You can understand their budget and help get them raise money creating them a website, etc. Or there might be other opportunities to help their accounting team, contact those entities and see if they need help, normally they do! Dont be shy, e-mail and call them directly. Also, see if you know someone that knows someone there for you to chat and get advise.
- At your school you may also find interesting things, are there finance teachers who may need help do specific type of research or help grade exams?
- And to be honest, even if your volunteering work is not related to finance and economics, it will also help you A LOT get an internship, you will show you are a great citizen that worries about other people and not just think about other people, but invest your time frequently to solve society problems!!!!
4)**** Your own business****
How about thinking about ways you can make a bit of money? It foes not need to be a lot, but the experience can be very valuable. When I was 8 years old I learned to do a cake with my mom and I would sell to my neighbors. You are already in high school, are there things that people want and you can help?
Hope some of this is helpful and looking forward to seeing your name in the news soon when you become a finance/economics guru!!! :)
You should also work with your high school and any other affiliated organizations to see what they recommend for the fields you are interested in. There are likely some "clubs" or extra curricular programs that will serve you well now and in the future. The good news is that the business and finance world is broad and there are so many job that you can take on even as an apprentice right now as a high school student that will lend well your goal here.
Finally you should consider volunteer work in this field. While we all want to be paid for our services, this is a meaningful way to learn and expand your skill set while giving back to society at large. I respect your eagerness to get started.
It is wonderful that you're already thinking about opportunities to set yourself up for success in college and beyond. I would recommend that you look into internships that could give you some experience in data analysis and working closely with customers. When it comes to data analysis, I would focus on any resources you might find that could help you practice working with the different tools. Many finance careers require employees to have knowledge of the different programs that can be used to visualize and work with large quantities of data, and if you're already somewhat familiar with this it will help you a lot. I also found it very helpful during my first internship to take every chance I was given to communicate with customers/clients, as this is a skill that takes time and requires some practice. If you can get a head start on best practices when communicating professionally, it will set you apart and make you much more confident when you find a job out of college.
I believe working to gain relevant work experience is a skill that can help set you apart while validating the type of work matches your interest. I would seek out both paid and volunteer opportunities for businesses and non profit organizations that might have openings where you can gain some business experience. The other option is to start your own small business (example: lawn care, dog walking, child care, tutoring, etc) where you will get relevant work experience across many facets of business (marketing, accounting, customer service).
++Please atttend some business summit taking place around you.
++Work on your idea that you want to give a model of a business.
++Try to think on some real life prolem solving that you observed around you, it could help you to get some idea.
++Think upon how you could make an impact to the society surrounds you, with your business idea.
++Discuss with your seniors and your known faces who are already into this field.
++Nowadays we have so many social platforms that are getting built in our social networking sites, make use of it.
Hope that helps!
If you aren't well connected, it might be challenging to get work too early, but try looking for search funds in your area! He worked unpaid for 1 search fund for 2 months before swapping to a different, paid search fund. Cold email like crazy! Finally, read, read, read, Economist WSJ books