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Accounting and Finance Personal Statement (Hoi Lee Yang)

Hoi Lee Yang is currently studying Bsc Accounting and Finance at the London School of Economics and Political Science, and is graduating in 2021. This personal statement was part of his successful application to LSE, University of Warwick, University of Bristol and Durham University for Accounting and Finance.

As a child, I was enamoured with the same questions that would have plagued any questioning child’s mind. Like any aspiring engineer or doctor or lawyer, I yearned to know more about how the world, in all its intricacy and sophistication, functioned. I savoured my opportunities to learn about the breakthroughs of physics in creating our modern comforts, and relished the study of history: of how every nascent today is inextricably linked to past events. I have been thrilled by the knowledge of anatomy, learning so intently about what I was, and how I functioned. Despite all this, the world appeared insistent in showing me that the true key to understanding its machinations lay not in any of these fields. The surest way to make sense of the world, it seemed, was in a certain field without which all human activity would not function. It manages us, as much as we try to manage it: money.

I am interested in accounting and finance due to its sheer ubiquity. I realise that every economic entity, from the big corporations and governments down to local sundry shops or even households, relies on the management of finances and planning for the best future outcome. Accounting has always been a deep-rooted industry, charting a colourful history from the clay envelopes used for bookkeeping in 5000 BC Mesopotamian temples, to the double-entry ledgers of Medieval Venice. Regardless of what general perception might contend, though, I am convinced the field of accounting is also one of growth and vibrancy. Looking to the recent proliferation of financial technology, or Fintech, I am particularly keen to follow the advances in the field as I make my journey into accounting at university.

March 2017 saw HSBC, Europe’s largest bank, partner up with an online commerce platform, Tradeshift, to offer an online alternative for financing and paperwork. This is part of a broader phenomenon of big finance companies collaborating with Fintech startups not just in the UK, but around the world. On the ground, we see the business world evolve, just as it did when manufacturing first took root in the Industrial Revolution. A KFC outlet in Beijing now accepts payment through facial recognition, and the Singapore government is working on a standardised QR code system for all monetary transactions. Bitcoin, despite price volatility and initial hostility from banks had, by the end of August 2017, octupled its market value in a year, pointing to its increasing use as a medium of transaction. Other cryptocurrencies like Ethereum and Litecoin also follow suit. At university, I am eager to refine my knowledge of the current framework of finance, and alongside a group of equally-curious peers, enrich myself with a better understanding of how the status quo will adapt to these technological advances.

I am drawn to accounting and finance due to the promise of challenge, not only arithmetically but also in tackling complex problems. A-Levels also marked my first exposure to the world of Economics, allowing me to enrich my understanding of accounting with a background context in how the business world worked. The course compelled me to pick up books such as Daron Acemoglu’s ‘Why Nations Fail’, which intrigued me with the idea that governments must strive to maintain inclusive economic activity that incentivises every party to work hard. The copious examples of failed civilisations which could not ensure a reward for parties to take risks and adopt new technologies had also sparked my interest in management, realising how similar the running of businesses are to that of entire civilisations.

I feel I am a dynamic, curious and highly-motivated student who is very excited about the prospect of studying Accounting & Finance at a first class university in the UK. I eagerly look forward to the challenges I will face on an academically rigorous and complex course. And hopefully by the end of my degree, the machinations of the world will be a little less elusive.

DISCLAIMER:  The personal statements on this site are strictly meant as a starting point to give an idea of how successful personal statements look like. There is no surefire formula to writing good personal statements.  COLLEGELAH IS STRICTLY AGAINST PLAGIARISM OF ANY KIND .  UCAS employs a plagiarism check system  that checks applicants’ work against other published writing so please  DO NOT PLAGIARISE.

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Bsc finance personal statement example.

Being brought up in Qatar, where expats form 88% of the population, I've always seen people around me rush to banks in order to remit money as soon as their home country's currency value drops.

My interest in the field of Economics and Finance stems from my curiosity into the cause and effect of these fluctuations in financial markets. I believe that the course I have chosen will help me achieve a clear understanding of the subject and its role in society, building upon my current knowledge and understanding in preparation for a successful career in finance.

My fascination towards these disciplines unfolded as I read books such as "Rich Dad Poor Dad", which not only broadened my financial knowledge but also highlighted the sheer significance of financial literacy for success, and the fact that the rich do not work for money but make money work for them.

Researching different financial theories has widened my perspective on certain financial phenomena. I do not fully agree with Malkiel's Random Walk Theory, as whilst future prices of stock may not have any correlation with past price movements, I believe that times have since changed, and most investors now have quick and easy access to news affecting stocks and stock quotes, thereby allowing them to make reasonable predictions for stock prices.

I am an avid follower of world news and find it interesting to contemplate possible economic effects from different affairs around the world. I found the knock-on effects of the 2011 earthquake in Japan intriguing. It put the nation into record trade deficits due to the sudden drop in exports, combined with excessive imports made at that time, to cover up for the losses.

It also slowed down global economic growth, as exports of cars and electronics were suspended as a result of damaged factories and key ports. However, a few unaffected firms gained from higher prices due to the sudden supply block.

I enjoy Physics due to the logical and precise approach that it uses to unlock the mysteries of the universe. Studying Physics has enabled me to solve problems which seem complex at first, but once tackled pave way to immense satisfaction. The fact that Maths is all around us is in itself very fascinating. I relish solving trigonometric problems which require a certain level of foresight and diligence.

I also enjoy calculus, and find it particularly interesting when it is used in a scientific backdrop. Solving such context-based questions made me appreciate the significance of calculus' real world applications. I believe that my problem-solving skills will help me with the numerical, geometrical and logical analysis involved in Finance and Economics.

Through my internship at Ahlibank, I was able to amass quality practical knowledge. I observed and assisted in various departments, and found the treasury particularly interesting. When shadowing the Chief Dealer, I understood the significance of the swift analytical thinking, required by the dealer to make FX deals for the bank's different currency needs. I was tasked with calculating liquidity ratios, ensuring they fell within the limits set by the central bank.

As Head Boy in my previous school, I gained a sense of responsibility and maturity. Making speeches to large audiences and organising events has helped me to develop strong personal skills. Being a part of both the cricket and basketball teams has taught me the importance of perseverance and teamwork, which I believe are not only valuable professional traits but also essential life skills.

I was awarded the All Rounder award for my ability to balance these extra-curricular activities with an excellent academic record. Having changed schools last year, I was able to quickly adapt to my new school environment and excel academically. I firmly believe that this skill will enable me to meet the challenges and embrace the opportunities offered by my course, assisting me towards my goal of becoming a successful Financial Analyst.

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PERSONAL STATEMENT EXAMPLE BSc Accounting and Finance Personal Statement

Submitted by Carmen

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Accelerate your ambition of becoming an accountant by studying at the University of Westminster on their ACCA accredited course.

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Brighton's Accounting and Finance degrees are joint second in the UK for value added (GUG, 2024). Graduates have gone on to be in the top 10% of earners.

BSc Accounting and Finance Personal Statement

My interest in the world of business was sparked by my father who is a company CEO. It was from him that I learnt the basic rudiments of how to run a company with good business acumen and to look out for as well as to deal with the pitfalls and snares. Apart from my family’s influence, the core principles guiding me are integrity and trustworthiness, hence newspaper articles headlining corruption and money laundering cases attract my interest, and fuels my goal to understand and tackle these unethical corporate malfeasances. As a qualified accountant, I would be enabled to handle these issues in the most professional manner.

A major stepping stone in my decision to build a career in accounting and finance was my internship at a small automotive business firm (Global Marque Auto Sdn Bhd), shadowing and assisting the CFO of the firm. By using a cloud accounting software to bookkeep documents, I realised the importance of integrity and trustworthiness in a financial system. As it was an automotive business firm, I was exposed to a different perspective of the financial world as I dealt more with car sales, car loans and depreciation of car values and other car accounting components which I self-learned to keep track of and be ahead of what I was doing. After my internship, it made me question how the information would had been dealt with in other countries as accounting principles vary from country to country, and also to consider the possibilities of vertical innovation in financial reporting to reduce accounting scandals, which is rather stagnant. Driven by curiosity to learn more, I resolved to pursue a career in accounting and finance.

Studying Economics at A-level provides me with a more in depth knowledge to the ambitious world of finance . For instance, from case studies of multinational corporations (MNCs), reading Grinding It Out: The Making of McDonald's written by Ray Kroc and watching The Founder, I learned the success story of McDonald’s, an idea originally conceived by the McDonald’s brothers. Also, I am more aware that due to some individual’s self-interest, cases like collusion between oligopolistic firms happen, thus giving rise to corporate malfeasances. Furthermore, studying Mathematics at A-level refines my ability to approach problems in a different manner, in addition to participating in competitions as a Taekwondo fighter from the age of 8.

Apart from my academic life, I currently hold a 2nd Dan black belt, under recognition of the World Taekwondo Federation (WTF). Throughout my experiences as a taekwondo fighter, the ability to analyse and predict an opponent’s next move is crucial to winning, and I find this skill useful and applicable as an accounting and finance student. Besides that, I also represented my school and college for sports competitions. Due to my active involvement in sports, I was elected Vice Captain for my house, which improved my leadership skills, as I learned to organise, take on responsibility within a team and lead the house to glory. I also learned to manage my time well and be more disciplined.

In 2016, I was one of the five students of the year honored with one of the most prestigious award, the Principal’s Award. This award recognises students who have demonstrated organisational skills, been part of the management process of school events, mentored juniors over a sustained period of time, maintained good grades and a clean disciplinary record throughout secondary school. I was also one of the nominees for Student of The Year since 2014, and nominee for Sportswoman of the Year since 2015.

Currently, as the treasurer of the HELP Model UN club, I had the opportunity to ensure the right accountability of the club. I look forward to continue taking part in activities and exploring more about Accounting and Finance in university in UK.

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  1. Finance Personal Statement Examples

    Finance Personal Statement Examples . Accounting and Finance Personal Statement Example 1. To broaden my knowledge of different areas of finance, I have read a number of different books on the subject - from "How the City of London Works" to "Rich Dad Poor Dad". ... BSc Finance Personal Statement Example. Being brought up in Qatar, where expats ...

  2. Accounting and Finance Personal Statement (Hoi Lee Yang)

    Hoi Lee Yang is currently studying Bsc Accounting and Finance at the London School of Economics and Political Science, and is graduating in 2021. This personal statement was part of his successful application to LSE, University of Warwick, University of Bristol and Durham University for Accounting and Finance. As a child, I was enamoured with…

  3. Accounting and Finance Personal Statement Examples

    Writing a personal statement for accounting and finance is a chance to sell yourself to the admissions tutors and show them why you would make a great candidate for an accounting course. It's the place on your UCAS form to describe your skills and strengths that will make you a valuable asset to a university, as well as your plans for a ...

  4. BSc Finance Personal Statement Example

    BSc Finance Personal Statement Example My interest in the field of Economics and Finance stems from my curiosity into the cause and effect of these fluctuations in financial markets. I believe that the course I have chosen will help me achieve a clear understanding of the subject and its role in society, building upon my current knowledge and ...

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  6. Finance personal statements

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    What are universities looking for when it comes to a winning personal statement to study finance or accounting? Showing some genuine passion is just the start. Dr Fatimah Zainudin from the University of Southampton's management school is looking for 'the "chemistry" that makes an applicant shine out,' so try and demonstrate your enthusiasm ...

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    PERSONAL STATEMENT EXAMPLE BSc Accounting and Finance Personal Statement . Submitted by Carmen. All Accounting Statements Search Accounting Courses . Put your problem solving skills to the ultimate test. Brighton's Accounting and Finance degrees are joint second in the UK for value added (GUG, 2024). Graduates have gone on to be in the top 10% ...

  10. Accounting and finance degree personal statement example (1a)

    Accounting and finance degree personal statement example (1a) This is a real personal statement written by a student for their university application. It might help you decide what to include in your own. There are lots more examples in our collection of sample personal statements.