Third-year Anthony Wright describes taking an Academically Based Community Service (ABCS) course that teaches West Philadelphia middle- and high-school students financial literacy

This semester, I am taking an ABCS course, Management 3530: Wharton Field Challenge: Financial Literacy Community Project, a course that focuses on helping middle- and high-school students in West Philadelphia become financially responsible.

When researching Wharton as a prospective student, I fell in love with the idea that students were granted the opportunity to take ABCS classes and apply the knowledge learned inside the classroom to help West Philadelphia students. MGMT 3530 stood out to me in particular because it focuses on teaching financial literacy to students in underserved communities. As someone who grew up in a low-income community and a household with minimal financial literacy, I often turned to news articles, documentaries, and renowned business professionals to gain financial knowledge and advice. After finding this class, I knew it would be a privilege to share the financial knowledge I have learned at Wharton with these students and help them attain a life of financial freedom.

The class is structured in two main parts: lectures and in-class teaching lessons. On Mondays, Penn students meet to review the key financial literacy concepts we will cover in each week’s lesson plan. Moreover, we learn about the wealth disparities in the West Philadelphia community and how to best combat them. In these lectures, students are equipped with the knowledge and skills to hone their teaching techniques, classroom strategies, and overall basic financial literacy.

On Tuesdays through Fridays, Penn students go into West Philadelphia schools to build one-on-one relationships with middle- and high-school students and teach key financial literacy concepts covered in the lectures. The students are not only taught concepts but are also able to put this knowledge into practice. They have the opportunity to create the beginning stages of their own startups and can implement new skills in their business models. Furthermore, many students often begin investing in safe investments such as mutual funds, the S&P 500, and other high-performing, low-risk investment options, which start their journey to financial freedom and generational wealth.

One of the most surprising experiences I have had so far in this course is how interested these younger students are in learning about financial literacy. Whether it’s learning about ETFs (exchange-traded funds) and mutual funds, investing in stocks, or maintaining higher assets than your liabilities, the West Philadelphia students are so intellectually curious about what we are teaching and are constantly asking us ways they can immediately implement our advice into their lives and their financial wellbeing.

This course has been nothing short of eye-opening. Being able to witness these students’ brilliant ideas and their motivation to create generational wealth for their families has showed me how impactful this class is.

Growing up, I attended a school called Beacon Academy that helps eighth graders from underserved communities in Boston apply to independent boarding schools. This school changed the trajectory of hundreds of students’ lives, including mine. I was able to pursue my dreams of attending a New England boarding school which opened the door for me to attend a school like Wharton. After pursuing a career in finance, I want to return to Beacon Academy to continue the life-changing work they do and provide more students with the opportunity to create a better life for their families and themselves through education.

MGMT 3530 has inspired me to not wait until I am finished pursuing my career in finance to have an impact in underserved communities. Instead, it has shown me that I can have an impact on young students’ lives throughout my career.

For anyone who is on the fence about taking this class, I would highly recommend that they do. It is hard to understand the impact that you can have on students’ lives until you are in the classroom with them and directly interacting with them. For a lot of these students, they have never had the access to such helpful and useful financial advice, and are often so appreciative of the lessons we plan for them. Moreover, this class often gives students the inspiration as well as the confidence to attain a life of financial freedom, generational wealth, and potentially even pursue careers in business or finance.

Anthony Wright, W’26

Posted: November 22, 2024

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