A valuable collection of financial, business and personal wisdom for the undergraduate preparing to enter the work world.
Wallace is an American business success story. During a decades-long career, he worked his way up the corporate ladder to hold high-level positions at General Motors, Electrowatt and the ITT Corporation. Later, he took on a position at Stonehill College as a professor of business administration. Here, he condenses all of the experience he gained in his rise to the top in producing a worthwhile how-to guide for graduating college seniors. Much of the material derived from his university seminar for business majors.) The book features a helpful blend of common wisdom and hard facts. It contains chapters on general topics like choosing a career path and more specific entries on intricate subjects like the liquidity of various types of financial assets. Wallace’s nimble prose style allows him to address both with ease. He is folksy but seldom platitudinous when dispensing personal insights, and he is direct and precise when explaining the technical aspects of financial strategy. Other useful chapters include information on developing a budget, borrowing money and investing funds. The author breaks up his prose with helpful diagrams and charts illustrating key ideas. His summary of various management styles, however, will be of little immediate use to the college student searching for an entry-level position, except in the new employee’s assessing of his or her boss. But it also never hurts to think ahead.
Recommended reading for all soon-to-be college grads.