Graduate /
Krannert and the Purdue - SOP for Phd in Finance [7]
I'm sincerely ask for your valuable suggestions on my statement of purpose for Phd in finance. Thank you for your help!!!!
Confronted with complex dynamics of economic environment, businesses put an increasing emphasis on corporate financial management. Meanwhile, personal finance becomes more important and relevant to our daily life. As a bridge, financial institutions not only permeate people's life but also control the vital business arteries and, eventually, the entire economic systems. Exposed to such a business world, I feel strongly that it is necessary to equip myself with a set of quantitative and analytical skills to tackle real problems and, if possible, to advance the frontiers of the domain. This motivation greatly drives me to pursue a doctoral education in Finance. Without any doubt, such an invaluable education will prepare me to carry out independent research and be an effective college educator.
My undergraduate degree was in Financial Analysis, which primarily focused on macro/micro economics, statistics, financial and managerial accounting and quantitative analysis of investment methods. In addition to providing the basic concept of theories, these subjects also offered me the threshold of quantitative tools. By recognizing the significance of these courses, I endeavored to absorb the essence and fundamental approaches. With an aim to broaden my perspective and prepare for further academic advances, I decided to study for an MBA in a U.S. college first. Frankly speaking, college life in American is quite different from that in China, nevertheless I have adapted to the new life quickly and new ways of thinking as well. The fruits of my efforts considerably prompted me to extend my intellectual capabilities and exploit my potential to the greatest extent.
Furthermore, constantly influenced by my uncle, who is a professor of finance and has published lots of research papers in various academic journals, I have followed his footsteps and determined my long-term goal-engaging in a research position and devoting to an education career, while a Ph.D. degree is the only standard path to fulfill this goal.
I would like to join Krannert and indeed the Purdue community, not only because of the supportive, nurturing atmosphere, but also because of the world-class research environment and distinguished doctoral program that focuses intensively on the theoretical models and their empirical application. Moreover, corporate financing is an area I would like to explore. Specifically, I am attracted by Professor Denis David's current research topics such as the determinants of dividend policies and the reasons for managers to avoid dividend cuts. I am certain that the ample data and resources provided by your rigorous doctoral program and the quantitative and analytical methodologies directed by your leading faculty will equip me with every tool necessary to succeed as a professor of finance.
My career objective is clear, my study motivation is strong, and my language and quantitative skills are well-built. All of these, I believe, can guide me to get through your rigorous program.