嘉文博译留学文书写作范例 个人陈述/推荐信 

Personal Statement

“We are engaged in a game whose rules we only partially understand, yet we seem to be playing the game fairly well, at least on the surface.” As the apparently prosperous financial industry of China integrates into the international framework, China seems still much out of tune with international practices. Even the most flagrant violations of financial principles are being committed. During my auditing internship, I found one company preparing four different versions of its annual financial report, only one of which was true.

To reduce such irregularities and disparities, it is imperative to have a new generation of economists and financial professionals with standard training in western scholarly work. I was most enlightened by Prof. XX from Department of Economics of XX University whose lecture “XX” at our university sensitized me to how theories of mainstream western economics can be effectively applied to Chinese economy. The methodology of western scholarship simply fascinated me. Prof. XX , a leading economist with Ph.D. education background at XX University, has contributed appreciably to China’s on-going financial reform with his insightful perspectives. It is my wish to follow the footsteps of my paragons and contribute to the healthy development of my country’s financial industry.

My passion for a Ph.D. program in Finance at the esteemed XX is based on the rewarding education I have received at the Finance Department, College of Economics, University of XX. One thing special about my undergraduate program is that, as our university is situated in that part of XX with the highest density of top universities in China (like XX University, XX University, XX University of China), I have had ample opportunities to listen to a wide diversity of lectures on economics and finance by leading domestic and international scholars. This has allowed me to assimilate essence from different schools of thought and to broaden my horizon of knowledge.

Meanwhile, as our university is in the immediate vicinity of China National Library, the largest of its kind in Asia, I have kept myself abreast with the latest developments in the academia by reading the most recent literature in the library. Even as a freshman, I pored over The Economics of Money, Banking and Financial Markets by Frederic S. Mishkin which fascinated me with its way of explication. In explaining the origin, development and transformation of the banking industry, it chooses “moral risks” as a point of entry and constructed a rigorous theoretical framework by expounding on a series of important issues through seeming simple concepts.

There are two concentrations for my specialty in finance—financial economics, which is a branch of macroeconomics, and finance. Those two concentrations have made it possible for me to be systematically education in economic theories and in fundamental knowledge in finance. I am particularly interested in the latter. When learning the course Corporate Finance, I came to know the vital importance of such knowledge for the present-day China. As the conventional planned economy is supplanted by market economy, capital operations like restructuring and merging have substantially increased, and the role of capital as a leverage will be increasingly exploited. Meanwhile, the design of the incentive mechanism in state-owned enterprises hinges heavily on innovations in corporate finance. In view of the particularity of China’s capital market, mechanically borrowing the systems and tools from advanced western countries is bound to create maladaptations. How to work out those problems deserves serious study.

Based on fruitful coursework in Financial Market, I attempted to solve practical problems through research. In my term paper XX. I set to address many flaws inherent in the pricing mechanism of the shares as a result of the  government control over the stock market. With a due discussion of the applicability of various mainstream pricing theories under different market conditions, I offered a comparative study of the pattern of share issuing and pricing between China and the West. I also proposed three hypotheses to account for China’s IPO price inhibition. With necessary empirical verification, I came up with a pricing model for issuing new shares and specific policy suggestions as to how to improve the efficiency of China’s share-issuing market.

My undergraduate program has been a process of constant progress, from passive reception of knowledge to development of independent perspectives and research aptitudes. My strong interest in finance has led me to achieve a high major GPA of 87/100, ranking top 4 among 50 students. Apart from consecutive scholarships from college and university, I have also won the third prize in the “Challenge-Cup” XX Competition by applying my in-depth finance knowledge.

Finance is an applied discipline and since my sophomore year I have been applying my knowledge to practice. During summer internships, I worked part-time as financial assistant at XX Company and as president’s secretary at XX Company. Since my junior year, I have been working as assistant consultant at XX Capital Ltd where I participated in formulating of XX(China’s leading wine manufacturer) in 2005-2010. Apart from conducting financial estimates of the group for 2005-2010, I was responsible for completing the chapter “XX” in the final report, based on the financial analysis of the listed companies in the industry. In addition to this project, I independently finished the “Viamed Project”— a joint program between XX and U.N. XX Commission.

With the virtual completion of my undergraduate program, I find finance to be a discipline in which I can seek an academic career. The Finance Ph.D. program at XX lays emphasis on research, with the goal to produce high-quality scholars and to prepare them for successful academic career. The opportunity to work with and learn from a well-known faculty in a stimulating intellectual environment makes me immediately attracted to it. In my proposed study, I wish to comprehensively learn theories of capital market, acquiring in-depth knowledge about financial framework, asset pricing, risk management, and corporate finance. Then I will narrow down on corporate finance and financial intermediation. With systematic academic training and broad exposure to the latest scholarship, I will research on American financial market, with its advanced financial tools and well-developed mechanism for innovation, which can serve a frame of reference for China’s financial market.

According to the Confucian philosophy, a person should employ his/her talents in the service of the larger community. I see myself as exactly the kind of person called for by the rapid growth of China’s capital market. Your program can give me the necessary condition to perfectly fuse my personal development with my commitment to contribute to the larger society.