Statement of Purpose MBA-Finance
Discuss your plans for graduate study and your career objectives.
The movement towards a global economy and unprecedented explosion of free trade and exchange worldwide has brought about immense opportunities to develop newer tools, instruments and methodologies in the field of financial management. It is this challenging environment to which I intend to contribute by evolving meaningful and optimal solutions to various problems of finance. Thus, my goal is a career in International Finance and/or academic research wherein I could advance analytical approaches to financial management.
To achieve my career goals, I need to learn much more about current developments and techniques in finance, financial markets and financial applications and acquire hands-on experience of financial analysis. A Master’s Degree will provide me with theoretical understanding, an in depth idea of practical approaches in aiding managerial decision-making and research skills to enable me to develop an expertise in the core areas of financial strategies and global corporate financial operations. I would like to probe specific problem areas such as the application of quantitative analysis to understanding various issues in global finance and improving decision-making and effect of increase in global communications on international finance decisions. My research interests are Foreign exchange markets, hedging foreign exchange risk, international capital budgeting, corporate financial strategy including mergers and acquisitions.
Strong quantitative skills, familiarity with computer applications and experience gained while working on various school projects have helped me to develop sharp analytical abilities and have given me the confidence to tackle advanced problems on a macro level. In addition, the experience gained while marketing Darwin Bug Traps or while studying the marketing strategy of Tastee Ice-cream and advanced level qualifications in French have developed good interpersonal and communication skills. I look forward to applying these abilities to the immense opportunities available at Hyderabad University (HU).
I have selected the M.A. program of HU because of its outstanding faculty and research facilities, emphasis on a collaborative learning environment, flexibility in curriculum, study abroad opportunity and a global perspective to various key issues. I hope to become a part of this dynamic culture which will give me a leading edge to work effectively in diverse teams and situations.
What else is important for the Admissions Committee to know about you in considering your application ?
Outstanding academic performance in my school and college, active participation in academic as well as extra curricular activities and work experience have helped to develop strong quantitative and analytical abilities and good leadership and communication skills. These have prepared me to handle complex problems and have given me the confidence to pursue graduate studies.
Part time employment since November 1994 as a sales executive with Darwin Inc, a company manufacturing pest traps has been a rewarding experience. My responsibilities include contacting and approaching prospective customers, procuring orders and follow up with existing customers. I also take active interest in organising and managing promotional activities such as exhibitions and seminars of the company’s products. These efforts have paid off as is evident from the long list of satisfied and regular clients. Their feedback to the company has resulted in development of newer models. My interpersonal and negotiation skills are nurtured by this employment.
Two months as a summer intern with Tastee Ice-cream Ltd. gave me a unique opportunity to work in a large organization. I was assigned to study the marketing strategy, especially as compared to those of new entrants like Baskin Robbins and Walls, and recommend appropriate changes for improving the performance of the company. With the liberalization of Indian economy, competition has increased manifold. Therefore, my study emphasised competitiveness with respect to cost structure, pricing policies and quality. This has helped me to understand the impact of globalization on market scenario and importance of being efficient to maintain competitive advantage. I am happy to say that a number of suggestions have been well accepted and implemented by the company.
In addition, recently, as a part of our project work, we, a group of 3 classmates, were assigned to submit a report on AIDS awareness in the city of Coruscant. The project entailed collecting primary and secondary data, analyzing it and recommending effective AIDS awareness programs. This project was particularly fulfilling because I learnt various aspects involved in research work such as working under time and cost constraints and analyzing and quantifying the subjectivity of certain responses. Our project report has been greatly appreciated by the faculty and has been selected for presentation to The Alderanian State AIDS Awareness Society.
Fluency in French, participation in intercultural exchange program in France and visits to USA have given me an understanding of diverse cultural aspects and parallel differences that exist between the Western and Eastern Societies. Hence, through practice and formal training in languages, communication has become my strongest characteristic. Advanced level qualifications in French has resulted in a teaching position at Alliance Francaise in my city. In addition, tutoring children in their studies has helped me to identify their difficulties and has motivated me to present information in a way that helps students discover ideas on their own.
This background has assisted in identifying academic interests that I would like to pursue and I am sure that the MSMBA Program of Hyderabad University will give me a leading edge to work effectively in diverse teams and situations
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