Following Kellogg Convocation 2014, Kellogg Professor Tim Calkins offers four pieces of financial advice for new grads.
Today is Kellogg’s commencement ceremony. Hundreds of students will shortly walk across the stage and receive their degrees. I’m here at Ryan Field in Evanston getting ready to march in with the faculty.
The graduates will then celebrate. And in the coming weeks they will begin their careers as business leaders.
It is a time for advice. During today’s ceremony, I suspect the speakers will offer suggestions on leadership, ethics and happiness.
I’ll provide some advice on money. I teach marketing, not finance, but after working for eleven years in the corporate world and twelve years in the academic world, I’ve learned a few things about managing funds.
This is my most important piece of advice. You should set aside some money. Having funds in the bank gives you peace of mind; if things go poorly at work you will still be ok. It also gives you freedom; you can pursue…
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