Through life's experiences, I have come to realise that the economy affects almost everything in the world. Newspapers dedicate more headlines to financial issues in comparison to other topics. This has led to the realisation that without a good stable economy the world could fall to its knees, for example, the Wall Street collapse of 1929 and the more current financial crisis which started in 2007. These factors have influenced my decision to study a finance and economics related degree in university.
I have always had a keen interest in the business environment therefore the BTEC certificate in Business combined with the Certificate and Diploma in Financial Studies I am currently studying at college has provided me with valuable insight into the world of business and finance. Studying Maths at A level alongside this course has helped to increase my understanding of financial calculations, i.e. ratios and cash flow forecasts. I was pleased to be predicted an A for my A level Maths as it reflects all my hard work and dedication. The Business course has provided me with the opportunity to broaden and increase my knowledge with regards to economic and financial issues. This was through the various assignments such as starting up and financing a small business. Through research, I identified that customer satisfaction is a key priority within business organisations. Therefore in order for
a business to be successful they need to keep their customers happy.
It is my strong personal belief that like the saying: "Knowledge is power", the road to
success lies through education, and in the financial market, knowledge about the economy and the risks involved is crucial if you want to succeed. This has led me to admire and respect successful entrepreneurs such as Sir Allen Sugar and Stelios Haji Loanu. Personally, I would like to work for an international leading bank facing different challenges whilst working in different environments. This will give me the opportunity to deal with financial decisions that will help increase corporate value whilst managing financial risks.
The desire to make my community a better place encouraged me to undertake voluntary work. My current post as a Youth Assistant worker gave me the opportunity to organise various events, with the aim of bringing the youths together. This helped to develop my team working and social skills. It was important to be able to work effectively with the other members in order for the event to be a success. In addition to this, I helped to manage the finances and ensure that our budget would cover any events or trips planned. We recently hosted a successful event called 'Black Dreams', which was aimed specifically at young black boys, and was sponsored by local government. During such events, we would socialise with the youths, something that I personally enjoyed and felt like it boosted their confidence and self-esteem. It also helped to develop valuable skills such as organisational skills and good communication skills.
During secondary school, I was actively involved in the highly recognised scheme Aim higher and I was given an award for being innovative and creative. Strong-minded, innovative, risk-taker - These are all qualities that I feel are necessary for anyone who wants to enter the financial field, especially with the world's economy as it is and are qualities that I have in abundance. In conclusion, I hope that taking this course at university will equip me with the necessary intellectual knowledge and practical skills needed when making economical or financial decisions. This will be essential for any career path within the finance and business
Example Economics and Finance Personal Statement
Having grown up in war torn Somalia, you may expect that I have become cynical about the economic greed and self-interest that can pour fuel onto the flames of conflict. In actual fact, working hard, as I have, to pull myself out of this disadvantaged context and to understand the way in which our societies can be positively shaped by an understanding of economics I have instead been enthused by the potential of economic equality to end, rather than prolong, social injustice.
Growing up in such a perilous situation left little opportunity to put my education first throughout my young life. My determination to succeed, however, inspired a move to the UK in 2006, at which point my academic career really started to take flight. Despite working within a different international context I managed to gain good grades at GCSE and went onto perform similarly well at A-level. I have always had an aptitude for numbers and have focused my studies on related subjects, including Maths, Chemistry and Physics, to make sure that I have the understanding necessary to perform high-level economic calculations. Progressing to a degree in Financial Mathematics at the University of Hertfordshire, I have continued to be a dedicated and hardworking student and am currently in line to graduate with first class honours.
In addition to the theoretical understanding of the field that my degree level studies have given me, I have also been lucky enough to gain hands on experience of their application in the real world. Between June and September of 2011 I undertook a summer internship at the Central Bank of Kenya’s School of Monetary Studies. Working alongside senior economic researchers introduced me to the demands of research at the highest levels, as well as deepening my understanding of the creation and implications of economic policy. Seeing how decisions made by the Central Bank can influence the lives of millions increased my fascination with the intricacy of economic systems and my desire to understand them more fully.
This desire has also manifested itself in my extra-curricular activities as I regularly read up on economics and finance in a number of journals, as well as keeping up with current affairs and the changing state of the global economy. I have been particularly interested by the growing field of stochastic processes, which seems ever more relevant in attempting to understand the way in which the markets behave during a period of economic turbulence, rather than clinging to outmoded, ultimately deterministic models. The chance to explore these nuanced elements of economic theory and their application to the real world at postgraduate level is a truly exciting proposition.
When I am not following my interest in economics and finance, I am a keen sportsperson and have played for my university football team for a number of years. Learning to balance my studies with training, and gaining teamwork and communication skills through regular matches, has greatly improved my ability to perform collaborative research off the pitch.
Despite the disadvantages of my upbringing, I have demonstrated a determination and ambition that have made me a strong student in the field of finance and economics. Through study and work experience I have also continued to maintain this level of determination by understanding the effect that these interconnected fields have on all of our lives. Realising their potential for positive impact, I remain determined to gain as much understanding as possible through postgraduate study that I may ultimately implement these principles in making a difference to those areas, like my native country, that need it most.
This example Economics and Finance postgraduate personal statement is intended to provide a helpful guide when writing your own statement.