Finance Personal Statement: Personal Experiences - 594 Words | Essay Example (2024)

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My name is Mohamed, and I am 19 years old and interested in studying finance. The significance of money and banking in today’s society is apparent, particularly in the post-pandemic age. The world economy was already environmentally, technically, and socially unstable when the epidemic hit. However, the future of money is still on the threshold of a revolution that has the potential to alter the very fabric of civilization. More noticeably, the use of cash as a medium of exchange is dwindling, especially in emerging economies, and the era of digital currencies has started. Therefore, studying finance at university would enable me to understand global events and prepare me to assume a leadership position in major financial organizations, which is my primary professional objective.

Coming from a family in the finance business for years, money and banking has been a major part of my life. Working in my father’s business was inevitable as a family tradition. Looking back, I see how working with my father significantly changed my thoughts about money and debt management. I recall my father constantly emphasizing the need to stay out of excessive debt, whether he was discussing his company or his finances. The gist of the advice was the same irrespective of the context: Do not be so short-sighted if putting in a little bit more time, energy, or money will pay off in dividends that are larger than the extra investment. Due to my father’s influence, I have focused my studies on finance and economics. This will enable me to become a financial expert and put me in a prime position to take over the family business and become CEO.

However, my ambitions go beyond merely running the family business. I have decided to major in finance because I am interested in learning more about how different economic models may be used to improve how businesses and people generate and handle wealth. Similarly, I want to hone my problem-solving and decision-making skills by applying mathematical ideas, statistical analysis, and analytic methods. I anticipate expanding my knowledge of financial management, investing, problem-solving, and accounting so that I may better assist companies in streamlining their operations (Follman, 2019). Accordingly, a degree in finance will equip me not just to be proficient with statistics but also to engage with customers, communicate well, and draw conclusions based on research. Eventually, a degree in finance will equip me for careers as a financial consultant, financial planner, corporate banker, and investment manager, among others.

More importantly, a finance course will teach me to be more diverse because I will interact with people from different places. Racism underlies many of our society’s definitions of diversity. I have never used that term because I believe it is what is inside a person that defines who they are and not their color, attire, ethnicity, or physical appearance. When we stop judging individuals by their outward appearance, the collective wisdom of the group begins to speak for itself to our and society’s advantage. Therefore, I will promote diversity and inclusively in the university by participating in awareness campaigns and programs that improve the experience of minority students.

I anticipate learning a great deal in university, theoretically, and through my interactions with others. A finance major will prepare me for the workforce and transform me into an asset to the family company when I take over from my father. It will also make me an expert in the business sector with attractive employability attributes. In the future, I hope to further my education by enrolling in a graduate program.

Reference

Follman, A. (2019). What You Need to Know About Becoming a Finance and Financial Management Services Major. US News & World Report. Web.

Finance Personal Statement: Personal Experiences - 594 Words | Essay Example (2024)

FAQs

How to write a good personal statement for finance? ›

I have always had a logical, organised and practical way of thinking, as well as a competitive nature, and I have realised that finance and accounting is the degree, which appeals to these characteristics. I noticed these logical subjects to be my forte from a young age.

How to start a personal statement essay example? ›

Start with a short sentence that captures the reason why you're interested in studying the area you're applying for and that communicates your enthusiasm for it. Don't waffle or say you want to study something just because it's interesting. Explain what you find interesting about it.

What is an example of a positive personal statement? ›

Example: “In my final year at college, I lost my part-time job and scholarship and had no one to support me financially. Despite the huge toll these events took on my mental and financial status, I was able to maintain my 3.98 GPA. Now, I work for the top-performing company in the fintech sector.

How to write a personal statement for a finance apprenticeship? ›

In terms of qualities, my ambition to attain a high level of knowledge is a defining personal characteristic. My zeal is complemented by my intuition, focus and self-discipline, all of which drive me to achieve results in any activity I take part in.

What should a 500 word personal statement include? ›

Make sure paragraphs are short, succinct, clear and to the point. Remember, you only have 500 words so use them wisely. Capture the reader's attention with an enthusiastic introduction covering why you want to study a particular Masters.

What is an example of a personal statement of financial need? ›

I am the 1st child to attend the college. Although my parents gave me many supports, I received a limited financial assistance due to low family income. To reduce family burden, I took out student loans to pay for my tuitions. Meanwhile, I am working 19 hours per week on campus to support myself.

What is the best opening sentence for a personal statement? ›

4. How to start your personal statement
  • From a young age I have (always) been [interested in/fascinated by]…
  • For as long as I can remember, I have…
  • I am applying for this course because…
  • I have always been interested in…
  • Throughout my life I have always enjoyed…
  • Reflecting on my educational experiences…

How to write a 250 word personal statement? ›

Keep It Brief: Essays are typically limited to 250–500 words or one typed page. Statements should be concise, clear and detailed. Focus each paragraph on a single idea. Use a thesaurus word variation and to avoid repetition but avoid vocabulary that you are unfamiliar with.

How to write a killer personal statement? ›

Be analytical rather than just descriptive – don't just discuss what you've read or done. Universities want to know what you've gained from your experiences and how it's changed your perception. Go beyond your qualifications and tell them what else you have been doing apart from studying your subject.

How do I start off a personal statement? ›

Begin your personal statement with something other than, “My name is … and I am interested the Master of Science in …” Start off with what excites you the most about the graduate degree programs, how your personal and professional background makes you a great fit for graduate school, and why you feel like you're ready ...

What is a good last sentence for a personal statement? ›

To do this, take the most heart-moving story from the body of your personal statement on what inspired you to apply for your course. Mention the main idea of it in a sentence or two, then end with a “for this reason, I believe pursuing [mention course] is the best way to achieve my [state your why].

How to write an eye-catching personal statement? ›

Writing an engaging personal statement requires a strong introduction and opening sentence, a detailed explanation of your relevant skills achievements, and experiences, as well as your short and long-term academic or professional goals.

What is a typical personal financial statement? ›

A typical PFS is divided into two main sections—assets and liabilities. Current Assets include cash, checking and savings accounts, certificates of deposit, short-term investments and accounts receivable. Investment Assets include stocks, bonds, mutual funds and retirement accounts (IRAs, 401(k)s).

How do you write a finance statement? ›

5 steps to prepare your financial statements
  1. Step 1: gather all relevant financial data. ...
  2. Step 2: categorize and organize the data. ...
  3. Step 3: draft preliminary financial statements. ...
  4. Step 4: review and reconcile all data. ...
  5. Step 5: finalize and report.
Oct 24, 2023

How do you introduce yourself as a finance professional? ›

You might say something like "Hi, it's great to meet you!" or "Thanks for taking the time to speak with me today." Introduce yourself: The second step is to introduce yourself. Tell your potential client your name and give them a brief overview of your background and experience.

How do you write a personal financial statement? ›

How To Create A Personal Finance Balance Sheet
  1. Gather Financial Documents. Getting all your financial documents ensures you have accurate information. ...
  2. Make Or Use A Free Personal Financial Statement Template. ...
  3. List Your Assets. ...
  4. List Your Liabilities. ...
  5. Categorize The Information And Add Up The Values. ...
  6. Determine Your Net Worth.
May 7, 2023

How do I write a personal statement for financial support? ›

A personal statement for financial aid should focus on your financial situation, any challenges or extenuating circ*mstances you face, and how receiving aid will impact your education and future aspirations.

How do you start a good personal statement? ›

Just start by showing your enthusiasm for the subject, showcasing your knowledge and understanding, and sharing your ambitions of what you want to achieve. Avoid cliches! Remember, this opening part is simply about introducing yourself, so let the admissions tutor reading your personal statement get to know you.

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