Financial Mathematics Personal Statement
In the financial sector, decisions must be made in split seconds that can result in either vast profits or significant losses. The collapse of Lehman Brothers, demonstrated to me the vulnerability of all businesses as the size and level of profit does not matter as poor decisions can still create loss.
Making financial decisions is intriguing to me as I ultimately would like to apply my mathematical ability into a career in finance. The concept of investment is interesting to me as it involves calculated risks which depend on an array of mathematical equations to ensure that companies make well informed decisions on how they invest their money.
When studying mathematics and finance at university I am keen to understand how to make viable financial decisions and calculate these risks in the context of different business models.
I enjoy the challenge of studying Mathematics as I am able to apply mathematical skills to solving real life problems. An example of this is using trigonometric identities to model scenarios that allow informed predictions to be made.
Studying business has allowed me to apply financial calculations to various organizational case-studies. Learning how to identify an organisation's cash flow and the breakeven point of a business has helped me to understand the importance of financial reporting to create a successful business.
In both business and ICT I have developed an ability to plan a project effectively using critical path analysis, PERT charts and a Gantt chart which are powerful tools to illustrate complex project schedules. Whilst studying Economics, it developed my ability to think logically by studying the topics of microeconomics and macroeconomics.
Understanding markets and the reasons for market failure was particularly interesting as I was able to learn about a wide range of factors that have an impact on micro and macroeconomics.
I have taken every opportunity to learn about the financial sector by taking part in the Student Investor Challenge. I carried out various analyses on share data developing my analytical skills.
Regular communication was required to the team of my ideas with mathematical reasoning to identify industries to invest in and the long term benefits of doing this.
I have applied my passion of mathematics by tutoring pupils GCSE mathematics on a weekly basis. In addition I also worked on a mathematics leadership team to deliver a day of Olympic themed maths challenges for 200 pupils in year 7.
As a member of the school council, I represent my fellow students and discuss ways to improve the student experience at my school. Furthermore I have regularly worked as an ambassador for my school working at parents evenings and open days.
Taking on this additional responsibility demonstrates my dedication and organisation skills that would be vital to apply to degree level study.
I am a hardworking and committed student and have managed complicated situations in handling finance and customer service through setting up my own family clothing business, working in McDonalds and in Boots. I continue to develop my confidence and leadership skills through taking part in stage performances and volunteering in my cultural society where I have been involved in dancing, hosting parties and singing.
I also have a strong interest in music which has expanded my mathematical ability, comprehensive and reading skills by playing instruments such as the piano and guitar. I am an active individual; I have been awarded Community Sports Leadership Award and I enjoy participating in taekwondo, basketball, yoga and dance.
I am excited by the vast career opportunities a degree in financial mathematics provides. In particular I am interested in applying my degree to predicting and forecasting financial opportunities and decisions. I am a highly motivated, organised and committed student that possesses the passion to become a successful mathematics and finance graduate at your university.
This personal statement was written by Samiksha for application in 2013.
Samiksha's university choices
Queen Mary, University of London
University of Hertfordshire
University of Greenwich
Green: offer made
Red: no offer made
Firstly, good luck on UCAS process. Don't over complicate things, Do as much as you can and get as much help as you can from your teachers/ elders who have past experience.