Please outline your educational and professional development plans and career goals. How do you envision graduate school preparing you for a career that allows you to contribute to expanding scientific understanding as well as broadly benefit society? Present a concise description of the activities, highlight the results and discuss how these activities have prepared you to seek a graduate degree.
Financial Engineering Finance, as a field, had always fascinated me right from my undergraduate college days. I believe my penchant for this field stems from the fact that Finance runs in my family. My father is a chartered accountant and my mother is a banker.
During my days at Engineering College I used to go to my father's office and help him manage his portfolio of equities and other financial instruments. This was the time I learnt the first lesson of finance from my father i. In when I was in the second year the Indian stock market crashed.
But fortunately, my father had a well-diversified portfolio because of which our returns were protected from the downside risk. This was when I learnt the second principle of finance from my father i.
While I understood these two principles intuitively, it produced in me a strong urge to learn and understand the complex theory behind the working of Finance.
This, I believe, was a turning point in my career. I made up my mind to pursue a career in Finance and hence decided to do a Masters program in Business Administration. This exposure left me wanting for more knowledge in the area of Risk Management. During my project I learnt about various risks associated with Infrastructure Projects and how they were mitigated using different risk models and structured finance products.
It was at this time that I realized the importance of mathematics and programming as invaluable tools in Finance. I had always felt that applying my technical knowledge to the field of Finance would be highly satisfying.
This internship, thus, helped me crystallize my goals as I decided to make a career in Risk Management. In India with the onset of liberalization since and deregulation of the interest rates, the Indian corporations and financial institutions are exposed to various kinds of risks.
The Government and the Reserve Bank of India have initiated appropriate reforms to develop derivatives markets and financial markets on the whole. This has suddenly increased the demand for professionals who can not only understand but also develop new financial instruments to evaluate and hedge the risk.
I believe that in order to use financial engineering pro-actively and dynamically for optimum hedging a finance professional should be well versed with the mathematics that underlie the financial theory.
In the future I see myself, as a Finance professional, designing structured financial products by incorporating cutting edge methodologies and sophisticated tools in order to cater to the above mentioned requirements.
To achieve this I would like to gain exposure to the latest practices adopted in the field of Financial Engineering and Risk Management.
To this end I would want to work with a leading investment bank or in the treasury of a commercial bank, which would enable me to help corporations manage their risks.
I would like to bring this acquired expertise back to India and use it to help companies thrive in a dynamic environment. I believe that my educational background has instilled in me the qualities required to meet the rigor of this demanding profession.
Graduation in Engineering has provided a strong foundation in Mathematics and Computer Programming. Mathematics was one subject in which I had always excelled right from my school days.
This project of developing the software for a video-processing card Frame Grabber for the first time gave me a real world experience of programming.Statement of Purpose - MBA.
Studying for an MBA requires a certain determination and strength of character. In recent years, the business world has become rapidly integrated across once restricting borders, and anyone with high goals in the business world must have an international perspective and be aware of the realities of different international arenas.
The statement of purpose is one of the best ways that you can demonstrate your intellectual development, ability to write and think clearly, and knowledge of your field.
During the first year of PGDBA I learnt how Derivatives can play an important role in optimizing a Portfolio's performance and in managing risk.
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Below is the prompt for the Personal, Relevant Background and Future Goals Statement: Please outline your educational and professional development plans and career goals.