The younger Schumacher is ready for his F3 debut
The 18-year-old, who has been dubbed ‘Quick Mick’, will compete in the FIA Formula 3 European Championships after finishing second in the German and Italian F4 championships last year.
The younger Schumacher will race for Italian Prema Powerteam with a Mercedes-AMG Formula 3 engine this season.
The younger Schumacher said: "It is my first year so for me it is about learning and trying to be at the front in the rookie ranking."
At 18, Mick is the same age as 2017 rookie Lance Stroll, and slightly older than Max Verstappen when they made their F1 debuts.
However, he feels the time is not right for him to take the same steps.
He said: "They took the step to go early into F1, but I'm not ready for it yet."
The teenager, who has faced high expectations from the beginning of his career, is yet to win a title.
He said: "It hasn't worked out yet. Probably I am not consistent enough. But my goal in the next few years is to win, of course."
Mick Schumacher is yet to win a title
His wins will now have to happen in the top European F3 category, from which the likes of Verstappen and Stroll launched their F1 careers.
Mick Schumacher said: "It is my first year so for me it is about learning and trying to be at the front in the rookie ranking."
While European F3 is a prominent platform from where young drivers can amass the F1 'super license' points they need, the young Schumacher insisted: "There is no plan."
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"(For) now I'm doing my thing. I still have to prove myself as a driver and improve a bit further."
With much weight attached to the Schumacher name, the teenager finds the early interest in his career from the likes of Mercedes and Ferrari “flattering”.
He said: “It means that I'm doing something right already. I always try to give my best, I want to compete with the best and they are all in Formula One.”