Gmat Statement of Purpose

STATEMENT OF PURPOSE Finance, as a field, had always fascinated me right from my undergraduate college days. I believe my preference for this field stems from the fact that Finance runs in my family. My grandfather was an accountant, my mother is a postgraduate in economics and my father has a keen lodge in in keeping up-to-date with the markets. During my days at Engineering College I officed to admirer my father to manage his portfolio of equities and other financial instruments. This was the snip I learnt the first lesson of finance from my father i. e. risks and returns are proportionate.In 2001 the Indian mental strain market crashed. But fortunately, my father had a puff up-diversified portfolio because of which our returns were protected from the downside risk. This was when I learnt the flake principle of finance from my father i. e. diversification reduces risk. While I tacit these two principles intuitively, it produced in me a blind drunk urge to learn and take in the complex hypothesis behind the working of Finance. This, I believe, was a good turn point in my career. I made up my mind to postdate a career in Finance and hence decided to do a Masters class in Commerce.Good academic performance in my school and college, active participation in academic as well as extra curricular activities have helped to bugger off strong numeric and analytical abilities and good leadership and communication skills. These have prepared me to overcompensate complex problems and have given me the confidence to pursue graduate studies. To get to my career goals, I need to learn about current developments and techniques in finance, financial markets and financial applications and acquire hands-on experience of financial analysis.A Masters point in time will provide me with theoretical understanding, an in depth idea of accreditedistic approaches in aiding managerial decision-making and research skills to enable me to develop an expertise in the cor e areas of financial strategies and global corporate financial operations. In India with the assault of liberalization since 1991 and deregulation of the interest rates, the Indian corporations and financial institutions are open 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 captains who can non only understand but also develop new financial instruments to evaluate and hedge the risk. I believe that in methodicalness to use financial engineering pro-actively and dynamically for optimum hedging, a finance professional should be well versed with the mathematics that underlies the financial theory. In the upcoming I see myself, as a Finance professional, designing incorporated financial products by incorporating cutting edge methodologies and sophisticated tools in order to cater to the above mentioned requireme nts.To achieve this I would like to gain delineation to the latest practices adopted in the field of Finance and Risk Management. To this barricade I would want to work with a leading investment border or in the treasury of a commercial bank, which would enable me to help corporations manage their risks. I believe that my disciplineal background has instilled in me the qualities take to meet the rigor of this demanding profession. Graduation in Engineering (Computer Science) 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. During the course of my Engineering education I took up a project with WIPRO Technologies. This project, which I was offered, required encompassing use of C schedule language. This project, for the first time gave me a real world experience of programming. This association helped a lot in consolidating my programming skills, especially in C-language . Thus, it inculcated in me problem solving and analytical abilities.I powerfully feel that the MCom program specializing in Finance at The Universityis a exceedingly structured program because it provides the right balance between theory and practice. I bring along a strong grasp of fundamentals in Engineering and Mathematics, a penchant for teamwork and leadership and a zest for challenges. I would like to take with me in addition to the knowledge of the latest theory and practices in the field of Engineering, a network of strong and lasting relationships with my teachers and fellow-students. I hope my background and qualifications are found suitable for admission to the MCom program at The University.