Personal Statement

A Chinese proverb goes like this: a man should be firmed established in his career or business when he enters the thirtieth year of his age. As a 31-year-old man, I have become well-established in the financial business of China. However, I have now made an important decision, to pursue a full-time graduate program in the field of financial engineering in your esteemed university. This decision is made under my belief that the financial sector, both domestic and international, promises tremendous prospect of development. The field is also one in which I am intensely interested and where my strengths lie. It is my conviction that this is the field in which I can seek a more successful career development in the future.

As Chinese financial industry, its industry of security in particular, is relatively slow to develop, many fields are virtually blank while others are just beginning to emerge and grow. Financial engineering is an absolutely new field. As a newly-emerged discipline, it introduces into the financial field the concept of engineering while making comprehensive exploitation of various kinds of technical approaches of engineering (primarily those of mathematical modeling, value computation, network graphics, etc.), designing, developing and putting into effect new types of financial products, and finding creative solutions to a diversity of financial issues. At present, China lacks such a market of financial products as well as high-quality financial professionals who can operate such a market. However, with the globalization in the financial sphere and China‘s accession into the WTO, important changes are bound to happen to the existing situation. There will be an urgent demand for more and more professionals in financial engineering. Under such circumstances, my academic and career background in both engineering and in finance will make me the optimum candidate for an advanced program in financial engineering.

In 19---, I was matriculated into the Department of xx Engineering, --------- University. My studies of the engineering subjects played an important part in shaping my acute analytical reasoning. I came to discover that every subject in the field of engineering has a system of cogent logical thinking behind it. Such a category of logical analysis allowed me to feel the joy of "brainstorming" in which I not only acquired abundant professional knowledge but also derived a methodology that has since benefited my studies and career practice. The most important thing is that I was made to understand that all forms of knowledge are essentially interconnected methodologically by logical analysis. Therefore, I believe that whatever job I am to be engaged in the future, my solid foundation in logical analysis would significantly contribute to my ultimate success. On account of my diligent efforts in coursework and my distinguished performance, I was awarded scholarships for four consecutive years and eventually my four-year all-round ranking was among the top 4. My thesis, which is entitled "xxxxxxxxxxxxx was rated Excellent, an honor which was conferred on only three students annually in my department.

For four years after my graduation, I pursued a career of an engineer. I have served as assistant engineer at xxxxxxx Provincial Design and Research Institute, China State Electric Power Company. My responsibilities include engineering planning and designing for infrastructure projects and computer-aided mathematical model simulation. In the process of my work during this, I gradually developed the idea of seeking further education and switching to financial industry. On one hand, this was because I felt that in China economic management and financial industry is a brand-new industry. Compared with engineering design, financial industry suffers from a much more severe shortage of professionals. On the other hand, I believed that my work experience until that time had something in common with the financial investment. My undergraduate training and my subsequent engineering job required me to predict the future tendencies of the complicated natural phenomena by constructing and applying mathematical models. Similarly, the financial market is also replete with variables. How to discover the most important of the determining factors, and how to precisely forecast the future developments by applying appropriate methods, those are the common issues that both finance and engineering are devoted to solving. I had the confidence that I could combine the strengths of both these fields and would arrive at unique financial analyses from totally new perspectives. I have always believed that multi-disciplinary knowledge is an ideal short-cut for solving difficult problems. Therefore, I applied for an MBA program at xxxxx xxxxx University and succeeded in entering this prestigious university as the top second student at the entrance examination.

My MBA studies atxxxxxxx University have benefited me a great deal. For its MBA program, the Aetne Business School of xxxxxx University actively applies international, especially American, teaching methodology, almost all textbooks are Western publications, and most teachers are Chinese scholars who have received professional training in the West and some are American professors on exchange programs. As all the MBA subjects taught were quite new to me, I felt refreshingly motivated and I was the most hard-working student in my class. In addition to finishing all the requisite coursework conscientiously, I devoted all my spare time to reading large numbers of domestic and international literature and research reports in economics and finance. Furthermore, I conducted extensive internships at several securities firms. Upon graduating from my MBA program, I worked as manager at the Division of Investment of a certain venture capital company. At present, I am the senior analyst at the xxxxxx Representative Office of xxxxxx International Holdings Ltd.Co., responsible for the research of the domestic and international macroeconomic performance, and of the secondary market. I am also in charge of the analysis of such industries as banking, insurance, securities, communication equipment manufacturing, real estates and of the enterprises that are engaged in such businesses.

As the first-rate university in the United States, ----------University has long held me in great attraction for its powerfulness in financial teaching and research, in addition to its high prestige. At the same time, because of its closeness to the Wall Street, ------- University naturally becomes the ideal choice for all the people like me who are determined to seek a career in the financial industry as the objective of their lives. At ------, I will have an opportunity to learn the most advanced theory in the world in mathematical finance. Moreover, living in ------, I will be able to directly and completely feel the pulses of the international financial market. I have formulated a tentative plan for my prospective program at ---------. First, I will exploit my solid foundation in mathematics and in statistics in developing a good command of the basic theoretical knowledge. Second, I will endeavor to undertake my internships at some financial companies on the Wall Street to learn their valuable financial experiences. Finally, by learning theoretical knowledge and practical experience, I will try to produce a good-quality dissertation in which I will seek possible innovations both in theory and in practice. I have an implicit faith in my qualifications for undertaking an advanced degree program at your esteemed Graduate School-my solid foundation in mathematics and engineering, sound logical reasoning and analytical and problem-solving skills, and most importantly, my readiness for making hard efforts. I am convinced that I will be able to complete my degree program with satisfactory results, enabling me to fulfill my career objective as an accomplished professional in financial engineering.