Subramaniam, from the excellent Subamoney blog lists out 11 useful finance-related things that all graduates must know well before going out of college. Suffice to say, not much from this list is taught in your average college course:

1. Avoid credit cards
2. Learn self -control (avoid all impulse purchases)
3. Take to some sport (good for health and spirit)
4. Take charge of your personal finance (read, learn, ask)
5. Share the Economic responsibility with your parents
6. Learn compounding
7. Create an Emergency fund
8. Take trouble to understand your C T C (cost to the company)
9. Treat your employment as a business:
10. Look after your health (#1: Do everything in moderation
11. Look after your wealth (and your parent’s wealth)