5. Follow your passion: Let your natural interests guide you and the concentration will fall into place, says Peggy Bishop Lane, deputy vice dean of the graduate division at the Wharton School of the University of Pennsylvania.
If the degree focus areas available within your M.B.A. program don't match up with your passions, carve out your own path, Bishop Lane says.
For Lieberum, who recently accepted a finance internship with General Motors, following his interests was the key to choosing his concentration.
"Having a passion and an excitement about a company and an industry… is more important than any of the other considerations."
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