Hello,
hhfww, and welcome to GMAT Club. It is good that you are thinking ahead about business school. I kid you not, I have worked with one like-minded high school student who wanted to earn above a specific SAT score threshold since he was told that certain Wall Street firms ask about it. He even floated the idea of taking the GMAT™, knowing the score would be valid for five years. (I was able to talk him out of pursuing the latter... and if you were curious, he did earn an SAT score beyond his self-imposed 1500.)
I agree that while a prestigious undergraduate institution can help you somewhat in your efforts to gain admission to M7 schools or other top-tier programs—after all, if you are already a member of the club, you have less to prove in terms of your worthiness—it is not as though students from liberal arts schools or state schools are barred from such programs. Just put in the hard work to earn good grades: see if you can carry at least a 3.5 GPA. Do not forget to pursue extracurricular activities that interest you. Campuses are rife with activity, so that part should be easy. And if you can gain any sort of business-related work experience, so much the better. A strong GMAT™ score would then be icing on the cake. (Keep in mind, applications are viewed holistically, and a standardized test score is meant to serve as a way to level the playing field.)
A scholarship earned to attend your undergraduate institution can be mentioned in an application, and it may in fact help you present yourself in the best light. Good luck with your academic endeavors. (A lot can change in four years.)
- Andrew