Why I Want to Study Finance at University

It is difficult to underrate the significance of Accounting in companies and all types of business institutions around the world. It is because of my recognition of the importance of accounting that I have decided to seek further education and a career in this field. After mindful contemplation, it has become understandable to me that developing a successful career in accounting in the modern business environment requires advanced training and related subjects such as taxation. I am motivated to study in your masters program in Accounting by an awareness of the dynamic nature of the business environment and the need to upgrade my own expertise and professional abilities. I hope to broaden my international perspective about various aspects related to business and widen the horizons of knowledge.

Why I want to study finance is not just about advancing my career, it is about being equipped to make strategic decisions and contribute to the financial health and growth of future organizations I will be part of. It is about understanding the intricacies of the market, driving financial innovation, and developing a keen acumen for investment that is crucial for any successful business leader.

I hold a degree in Bachelor of Business Administration; Finance being my specialisation, from MIT School of Business, Pune, India. It has been accredited by NAAC (National Assessment and Accreditation Council) with “A” Grade CGPA score of 3.37/4. The course includes in-depth studying of various subjects like Economics, Industrial Relations, Marketing, Accounting and Finance, Human Resource Management, Management Information Systems, Event Management and Corporate Social Responsibility. However, being aware of my keen interest and belief that Finance is the foundation of money management, I decided to opt for Finance. With my extensive foundation in accounts, I am convinced that I can cope well with the demands of your MBA program. Not only did my academic experiences impressed upon me the importance of Accounting in the business world but it made me realise the pivotal role played by management in the ultimate direction and success of a company. As my interest in these areas developed, it became clear that the pursuit of Masters degree in a business-related field, ideally in the USA, is the logical next step in my overall development.

In addition to my academic performance, I have attended seminars and conferences on various topics like Reforms in the Indian Banking Sector and Demonetisation. My project work includes preparation of financial analysis reports on companies like Dabur, Manickchand Oxyrich and Reliance Pvt. Ltd. The preparation of these projects was time consuming and required to carefully analyse various annual statements of each company in order to conclude its financial position. Even though they were challenging, I expect that the experience acquired will be extremely helpful when pursuing further studies.

I have decided to pursue my degree overseas, as the experience and the facilities offered in educational institutions of my country are limited and thus enable to match the diversity and multiculturalism available in the US. I look forward to meeting and interacting with people from diverse backgrounds. The ability to listen and learn from others in one of the essentials to induce growth. Your University, with its true mix of people belonging to different backgrounds, is a true microcosm of the international business world and thus the ideal place to pursue a business-based education. It will help me to broaden the skills and knowledge towards better performance. Such am exposure, once supported by training and guidance in various aspects of accounting, will, I believe, assist me to reach my future goals.

I am highly motivated and determined in pursuing my Master’s degree in the USA. After completion of your master’s program, I plan to return to India and work for a Corporation as an accounting professional capable of dealing with a broad range of people, companies and financial circumstances and therefore, apply what I have learnt. With the faith and confidence in myself, I expect to develop a successful career that I can be proud of. I am aware of the challenges ahead but I am eager and determined to achieve my goals.

Works Cited

1. American Institute of Certified Public Accountants. (2021). Accounting career information. https://www.aicpa.org/career.html
2. Financial Accounting Standards Board. (2021). Accounting standards codification. https://www.fasb.org/cs/ContentServer?c=FASBContent_C&cid=1176160133564
3. International Accounting Standards Board. (2021). International financial reporting standards.
4. International Federation of Accountants. (2021). Enhancing public trust in financial reporting.
5. Needles, B. E., Powers, M., & Crosson, S. V. (2021). Financial and managerial accounting. Cengage Learning.
6. Noreen, E. W., Brewer, P. C., & Garrison, R. H. (2021). Managerial accounting for managers. McGraw-Hill Education.
7. Porter, G. A., & Norton, C. L. (2021). Financial accounting: The impact on decision makers. Cengage Learning.
8. Romano, L. M. (2021). Introduction to financial accounting. Oxford University Press.
9. Warren, C. S., Reeve, J. M., & Duchac, J. E. (2021). Financial accounting. Cengage Learning.
10. Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2021). Financial accounting: Tools for business decision-making. Wiley.

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