@anilu49 , your stats are fine for Penn State as a whole; however, Penn state Smeal College of business is one of the two most difficult colleges to get into. Students who apply to Smeal aren’t technically accepted into their major until they complete their entrance to major courses successfully and achieve a certain GPA. If they don’t make the requirements, they have to transfer out. What many prospective students do not know is that you can, as a student in DUS (undecided), complete the same entrance to major requirements and if you have the GPA, you can declare your major like those students accepted into Smeal originally. Only students in Smeal and DUS can declare a Smeal major. So you can’t go into a Smeal major from Econ (College of liberal arts) or communications. And since DUS is significantly easier to gain acceptance, many Smeal hopefuls just apply to DUS. There is virtually no advantage in being a Smeal premajor versus a student in DUS who is on the business track. Smeal premajors may have a few events they can participate in, but nothing major. You won’t be locked out of courses. Bottom line: Assuming you’ve taken a rigorous courseload in high school, I think you have a decent shot getting into Smeal. However if you worry about gaining acceptance, apply via DUS instead. You can also indicate a willingness to start in summer, although this will come with added costs.
Sorry for long response.