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 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.

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

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.

Is 300 words enough for a personal statement? ›

How many words should a Personal Statement be? Personal Statements can be up to 4,000 characters long (615-800), and no more. This might sound like a lot, but it's just one side of A4 paper. There's plenty of information to include, so make sure it's concise, clear and easy to read.

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.

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 ...

Is 600 words too long for a personal statement? ›

Are 600 words too long for a personal statement? Generally, 500-600 words is the best choice for the personal statement word count. But it's crucial to pay attention to the requirements provided by the chosen university.

Is a 500 word personal statement too short? ›

If no word limit is given, it's still best to aim for around 500 – 650 words, which works out to about two to three pages double-spaced. This length gives you ample space to paint a well-rounded picture of your experiences, achievements, and qualifications without overwhelming the reader.

Is 700 words too much for a personal statement? ›

A typical length for a personal statement is between 500 and 700 words. But be sure to adhere to the word or character limit that the school you're applying to requires.

How do you write a killer personal statement? ›

Create a brief outline of what you want to say, a theme or story you want to include and create a rough plan of the paragraphs, introduction and final sentences. This will help you see how much 'space' you have and make it easier to identify what sections need cutting down or areas that need more information.

What are good finishing sentences for a personal statement? ›

In the conclusion of a personal statement, you should briefly recap the key points you made in the essay and connect them back to your overall message. You may also want to include a sentence or two about your future goals and how your experiences and qualifications have prepared you for them.

How do you hook a sentence for a personal statement? ›

The “Hook”: The first paragraph should engage the reader and make them want to keep reading your paper. Remember, the program's admissions committee you are applying to have hundreds (even thousands) of personal statements to read. The stronger your beginning, the more likely they will get to the end.

How do you introduce yourself in a personal statement? ›

Get to the point and explain your interest in the degree program or job and your most relevant/impressive recent experience that shows your background. For a school or scholarship personal statement, the introduction should be one full paragraph, whereas one for a job should be limited to two sentences.

Should my personal statement be 650 words? ›

It can vary in length, but most personal statements (written for the Common App or Coalition) will tend to be close to 650 words, and will help a reader get a sense, among other things, of who you are and what you value.

How to make your personal statement stand out? ›

Share
  1. Plan before you write.
  2. Format correctly.
  3. Make your introduction clear and direct.
  4. Include examples (but make sure they're relevant)
  5. Put the 'personal' in 'personal statement'
  6. If you've done your research – brag about it!
  7. Make your conclusion brief but informative.
  8. Proofread when you're done.
Feb 6, 2024

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.

What are the three basic elements of a personal financial statement? ›

You may recognize the first three elements—assets, liabilities, and equity—as those that portray the financial position of an enterprise. Assets.

How do you come up with a good personal statement? ›

Address your strengths, experiences and accomplishments. It is important to be specific by using examples from your experiences to support your statements. Do not make assumptions, use clichés or state the obvious. Conclude the statement by summarizing everything that was previously addressed.

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