Just out of curiousity, RBF, are these your friends that are "jamming" you for answers? The likelihood is that they are VERY nervous and a lot of people are probably putting them under pressure as well about it. Tell them to chill out and enjoy their summer as well.
Take it from someone who knows: if I had it to do all over again, I would have definitely made different decisions. For one thing, I would have majored in Computer Science in college rather than Business.

At the time (1981), I had no idea that this industry would be that powerful. Hindsight is always 20/20. When you're 16 or 17, you have no idea what you want to do. Heck, I've seen people in their 30's that don't know what they want to do!