Personal Statement for MSc Finance application Essay

Personal Statement for MSc Finance application - Essay Example My interest in the field of finance is of dual nature; I not only enjoy working out the objective aspect, i.e. the calculations and analysis of financial data but am also drawn to the beauty of its application phase. I am fascinated by the way accounting principles when applied benefit a business task and enhances it in all respects. I see the process of running a business or industry like solving a jigsaw puzzle, with four components; the accounts piece, the financing piece, the marketing piece and the management piece. They are all part of one, bigger scheme. I find beauty and joy in compiling all these components; and feel a strong sense of fulfilment when these pieces are fully combined to give an enhanced end product- the complete picture. During my internships and other work experience, I have had the chance to taste different business related aspects: I have gained some experience in marketing, accounts, management and financial analysis. All these experiences have led me to b elieve that finance is the area that is of greater interest to me, since foundations of any business are embedded in its finance department. If there is capital and strong financial analysis the shortcomings can be pinpointed and management can then be moulded so as to yield desired results. I have been an academically above average student throughout my studies and have participated in various co curricular activities at school and college level. Being a person who is gifted in leadership qualities, I have led various fund raising campaigns during my college years. One of my note-worthy participatory activities in this regard is that of the fund raising campaign for members of student’s career development association. This was led by me and with assistance of other members of the society; we managed to raise more funds than the target sum. As a student, I have had some opportunities (though limited) to practically apply the theory being taught. In doing so I felt a need to h ave more command over the financing element which is why I have chosen to attain a post graduate degree in finance. Here is an incident form my life which I would like to share: When I was working as an internee with the marketing department at ‘New Thought’ in China, I was assigned the task of conducting some primary and secondary research in order to assist the business partners in determining the best strategy to achieve their goals. While I was gathering and analysing this data, I realized that even the marketing side is dependent on the accounting principles. What I did was to identify the gaps in information based on accounting and finance and recommended them to incorporate finances based marketing strategies into their existing marketing strategies. This incident further strengthened my aspirations to attain a post graduate degree in finance. I learnt that finance background gives a person the power to better understand business dynamics and places the person in a better position to solve other business related issues including management and even marketing. I also have a deep interest in the world economy and have attained ample knowledge about the stake-hold share market. I believe that raising capital is an art; an enjoyable but complicated task to do; and one needs to have sound knowledge of finance in order to do so. Accounting provides investors and businessmen with multiple techniques to manage record and communicate