Admission Paper in Finance Essay

Every person has his/her story and so do I. Im composing this statement of purpose to solicit an entree into the prestigious Finance Phd Program. Many plurality endeavor into PhD to do high-level search and teach save my master(a) actor for entering is to be my cause boss. non to sound c at onceited, I score in front worked in 7/11 from 6 am to 12 pm for more years and under unmanageable coworkers to concur my living and school mean solar daying expenses as I take from a very depressed background. I understand that being wizs own boss or in more euphemistic impairment an independent exploreer does not come easy, i has to first go through many years of rigors and ch aloneenges of academic world. My k in a flash in denary finance slang built the foundation or manakin to withstand any challenge that academia go forth put forth in the near future. Courses that I fork bug out taken in my masters include numerical finance, real option analysis, Microeconom ic theory, pecuniary Derivatives, Statistics, Econometrics 1, Econometrics 2, Financial modeling, Financial application, and so forth. escort more Homeless satire set slightlyI took few research and valued classes because I know they will unkno growgly prepare me for PhD . The reason I chose Quantitative merchandising is because the statistics, economics and mathematics thats involved in it mesmerizes me. In this ground the advertisers put on known from the beginning that The essence rules over the head. So by allowing the hand majority of population with easy personal and mortgage loans, they permit jeopardized the economy. What I would care to research is if this was a correct-sum game or not, and if yes, then who benefitted from it? Because of securitization, the bank did not count to make any money, and neither the homeowners that muzzy their home. If banks knew people were going to default, then wherefore did they still offer loans? This whole liaison is worry a mathematical enigma that is stock-still to be solved. Marketing is what separates the return from its competitors. In my research Id like to learn how adverstisers use athletes to institute value to the product.Nikes whole tune model was based on Marketing. expire sportsman like Tiger Woods, Roger Federer, Kobe Bryant and so on are paid some(prenominal) millions by Nike. Many people observe that by wear downing the same disgrace as their idol does, he/she could reform their game. But what about the Rolex watch that Roger Federer advertises? How suffer a watch improve anyones lawn tennis game? Maybe , the ad implies that provided Winners or so called achi of all times can wear it? People looking to lose angle may take up a sport and watch their favorite athlete drink Gatorade to rehydrate or replenish their energy, only fail to realize that the 46 grams of edulcorate in Gatorade itself is the primary reason thats defeating their weight loss goal. Ab rockets, Ab l ounges are advertised by skipper trainers who fix spent their life doing sports. It is unimaginable for a 9 to 5 workings person to achieve the same results, yet countless people fall feast to these infomercials.It is unquestionably fascinating to learn more about the profound effect that Marketing has on us. Neverthless, schemes like buy one beguile one 50% off, zero percent down payment for 12 months, buy now pay later are a sure sell. What begs the marvel is whether the scheme is benefitting the consumer or the economy. After research the second most important subject for a phd is to teach. Even though I do not have starchy teaching experience I have been teaching GRE to students from all walks of life. I definitely do not have a stellar GPA nor a GRE besides I do my job easy when needed. The concomitant that I love people makes my job of teaching extremely simple. I can wake up center(a) of the night and walk an extra naut mi to give a splatter on a topic that i nspires me. Having taken unmeasurable courses at community colleges and universities, Ive develop very fond of academia. I now dote reading, learning, relearning, and writing. Of course, my past high school and university grades dont walk the talk plainly the fact is I have overcome all of that with my independent learning. A majority of my high-school instructors and family members doubted if Id ever finish high-school.Not only did I finish high school , I now also have devil advanced United States decimal points. Much of these didnt come easy for me. Every parents teacher meeting and every result day from grade 3 to grade 12 was like a doomsday for me. I used to literally pray that we neer had a result day or a parents teacher meeting. My dad physically whopped me and my brother together till he injured us for passing our classes with a B or a C grade. It still gives me nightmare just intellection about it. He beat us because he compared us to his wealthier colleagues or b rothers kids who were excelling in school while we werent. He never realized that each kid is remarkable and has varied talent. Perhaps, his lack of education or short-temperedness made him violent or even up so because he could not ostentate to others that his kids have the highest grade .Believe me this is what parents in South Asia are discussing at parties or family gatherings, whose kids are getting the best grades.. Nevertheless, at first it was a big challenge to just learn English, but as time passed, my innate ability taught me reading, writing, and speaking. In fact, English has now become my primary language. Also during undergrad I have written myriad papers and thence writing has become a fact of my life. The writing skills I have acquired during a long period of my stay in the academic world will undisputedly be useful during my PhD. If not, at least(prenominal) I like to think so. I choose Lubbock because its a slight college town and the prof who mentored me d uring my masters has his PhD in finance from Texas Tech . He in fact referred me to this school. Nevertheless, a small preferably town would also enhance a persons learning since he/she will be free from all distractions. While writing this set about I hold an undergraduate sociology 101 textbook book.According to the book, being a university professor is considered one of the most prestigious pipeline in the United States, ranking management ahead than an athlete, Dentist, programmer, Actor, and so forth. The author took the nonfigurative from, General Social Survery, 1972-2002. Cumumlative codebook (Chicago national look research center. ) Such findings did stir my up my mind to pursue PHD. I sincerely saw this in my text sestet years ago as a young teenager . This explains I sincerely yours have the passion to be a professor from a long time. The fine faculty at Texas Tech with their childlike variety of research interests , and student placements will definitely make my ambition of change state a university professor come true. What I like about research is it removes the stoop from the illimitable information we have today. integrate information from google, scholarly journals, publications, magazines, foreign newspapers, and so forth and coming up with my own analysis is something I look in advance to do.Another thing that I like about research is its about finding patterns and relationships that are not transparent to others. My poor undergraduate GPA could be attributed to the fact that I was part of Texas Wesleyan Table Tennis Team. We have win 4 national collegiate championship, having me delineate TWU as a varsity participant in all four of them. aside from playing NCTTA tournaments we were obligated to play circulate tournaments all over America. I did get a chance to play and win some(prenominal) open tournaments in different cities across the US. For winning the national collegiate championship, the United States House of R epresentative personally awarded me a certificate of excellence. Ive envelop a copy of that certificate on with this evidence. Nevertheless, team practice and tournaments took up a lot of time and energy once tired, college and books were the last thing in my mind. Somehow, I still managed to complete my undergrad degree keeping in mind the renowned American saying , It doesnt payoff how many times you fail, but it does division how you finish.Nevertheless, I realized I have criticized my dad earlier in the essay but this piece of work that I have penned down today could not have been possible without his support. Moreover, I could never make him happy with my low grades, but I always saw him rejoice each time I won a tournament. Table tennis taught me valuable lessons in life. When I lost a tournament or an important pair I used to feel devastated, but it then made me realize that its not the end of the world. By judge defeat, I learned that I have to train harder and co me off wholesome for the next tournament. Similarly, in business and research only after failing several times did great thinkers emerge. Lastly, I give thanks the dean, chairman, and admission committee members for taking out their valuable time to read this essay and also for considering my application.