my academic ability to study at a master’s level

my academic ability to study at a master’s level

My name is Tianwei You, and I am seeking an opportunity to pursue a master’s degree in economics. I enrolled at the University of Victoria in 2014, thanks to a $12 000 scholarship. As my, it is time to start thinking about my future. My math talent inspired my desire to study economics. Since I was in elementary school, I have performed significantly well in mathematics compared to any other subject. Because of my love for math, I began learning several complicated formulas and then used them to solve problems in exam questions. It is precisely for this reason that I have continued to perform exemplary in economics courses. For example, I scored an “A” in Descript Statistics and Probability and Public Economics, and “A+” in Statistical Inference and Economic Development. Economics has allowed me to apply the complex formulas that I have learned over the years to real-world problems. For instance, my mathematical skills were beneficial during the statistical inference course, particularly when learning about investments in the stock market and building forecast models. I am expecting to attain an excellent academic standing in my undergraduate degree, which will demonstrate my academic ability to study at a master’s level.

Currently, I am taking a course on money and banking, and my advanced math knowledge is beneficial in calculating the yields of financial institutions. My interest in economics was further enhanced when I was able to use my mathematics skills in liquidity premium theory to forecast the annual nominal interest rates. During a chapter on the stock market, my professor suggested that the best investment techniques for small investors to buy and hold on to a stock despite news stories which encourage them to sell. My professor’s conclusions contradicted my understanding of the stock market. As a result, I suggested we treat the stock market as a competitive market with demand and supply of individual stock, prices, and trading volumes. This was the first time applying my economics and math skills to create a well-defined forecasting model. The liquid premium, which guaranteed an upward sloping yield curve of a specific financial instrument, attracted my attention. Through the assignment, it was evident that real-world problems can be solved through critical thinking and a mastery of mathematical and economic concepts. My desire to develop models for solving real-world problems has enhanced my commitment to the field of econometrics.

My ability to build regression models improved significantly after I took some classes in econometrics. Nevertheless, I know that more practice is required to perfect the skill. Recently, I consulted a graduate specializing in time series analysis to seek answers on how I can improve my model and accurately predict the rise and fall of a stock. He suggested that I should consider autoregressive problems and the moving average when applying time-series data. I would also need to mine my data, eliminate volatility clustering, and analyze the cross-correlation between variables. Even though there is still a lot to learn, my life goal becomes more evident by the day. I now understand that if I want to build an accurate model that can be used in the current stock market, I need to master econometrics.

In July 2014, I started VIPXOX, a company that helped Chinese people living abroad to buy products from their hometown. The business combined goods from various Chinese e-commerce websites and sent them as a single international express parcel. My idea for the company was to create a highly efficient and low-cost solution through which Chinese foreigners can enjoy their native food and use local products from their home areas. The company went from having one employee at the beginning to accommodating up to 58 personnel and requiring a technical, finance, promotion, and operations departments. However, financial constraints force me to reduce the team to 20 workers. A 500000 yuan from an angel investor and a one-year office space sponsorship by Shanghai First Finance allowed my company, Xianji.com, to continue operating. I discovered that running a business was extremely challenging. Unlike classwork, where determination translates to good grades, a business may fail despite one’s hard work. Financing was the major hurdle in starting my business. I learned that it is quite difficult to accurately anticipate the challenges that a company may face or how long the problems would last. However, success in business comes from having the resolve to overcome all the financing challenges and not giving up.

From August 2014 to January 2018, I have pursued three entrepreneurship opportunities. The first venture was creating VIPXOX, and the other was establishing Fujina Mingpang Network Technology Company. Failures such as inadequate workforce, funds, and inexperience operating a platform were lessons in my second project. In the beginning, we began as a company specializing in operation and promotion and later transformed into an outsourced technology development company. Changing our core business allowed the company to benefit from a cooperation agreement with Thomson series mini-programs and China Anta. Unfortunately, Thomson canceled our contract because the company failed to will three consecutive championships. Our company, nonetheless, has managed to develop several software and hardware projects for local enterprises and various government departments. For instance, my company is currently a research and development partner for China Mobile’s project in Quanzhou in Fujian province. I am happy that our technical skills and talents are helping to plan projects in Quanzhou City. Starting a business has, indeed, improved my public speaking skills and helped me attain an “A” in public speaking. My vast knowledge of economics, math, and public speaking skills are valuable for my position as a part-time lecturer in Dang International. As a lecturer, I provide training and guidance on estate planning, creating professional offshore trust, tax planning, asset segregation, and tax planning for more than 50 Chinese financial experts. During the last summer vacation, I past passed my STEP exam with a high score of 76. My goal, then, is to give CFA1and LLQP 1, attain full STEP membership, and pass CPA 4 exams before proceeding to graduate school, as the knowledge will provide a strong foundation for my future development in the financial field. These experiences have, therefore, demonstrated my prolonged desire to solve the world’s challenges using economics.

Overall, I am a self-motivated individual who seeks to use his economics knowledge to solve real-world problems. My experience as an entrepreneur has, further, increased my commitment to studying economics and allowed me to implement most of the concepts and theories learned in class. I firmly believe that pursuing a master’s degree in economics will provide me with an opportunity to undertake advanced research on econometrics and build a functional model that will help small investors predict the rise and fall of a stock.

Resume

Objective

I am a graduating multilingual economics student, seeking to use my education and entrepreneurial experience in corporate environments to solve real-world problems.

Education

Bachelor of Arts in Economics and Minor in Business, Victoria University, Sep 2014-Present

• Specializing in Economics

STEP Examination Certificate (July 2019)

Business Related Experience

Danq International Consulting, Vancouver (Sep 2019-Present), Part-time employee

• Giving lectures based on the book International Trust Management. After reading the book, I conduct additional research and create presentations for clients who are interested in learning about the STEP book. The book is beneficial for individuals who want to establish offshore trusts but do not understand the legal procedure. The training mainly targets the Chinese since China does not recognize the separation of legal ownership and equity ownership of property.

Danq International Consulting, Vancouver (June 2019-Sep 2019), Internship

Fujian Mingbang-Technology Ltd (Sep 2016 -Present) Co-founder and COO

• The company is building applications and websites for the QuanZhou city’s local government. My roles include:
  • Ensuring that the company competes with other firms for local government projects.
  • Checking that the website and applications follow the government’s guidelines
  • Editing our team’s product design proposals
  • Contributing ideas and directing the design department on developing projects to satisfy the government’s needs, such as minimizing future operating costs while improving efficiency in the systems we build.
  • Analyze the performance indicators for the employees and develop new company policies, particularly how to improve team efficiency and reduce operation and product development costs.

Shangai Durui-Technology Ltd, (July 2015-Dec 2017), Co-founder and CEO

• As a product owner, I led efforts to create business-to-business (B2B) and business-to-customer (B2C) web-based applications
• Established development and training programs to encourage innovation and motivate high performance among employees.
• Managed public relations between the company, the clients, and the research organizations to increase efficiency and boost profits.
• Developed long and short term objectives, operating procedures, policies for the company, and the product.
• Responsible for employee recruitment and compensation.
• Oversaw company finances, including cash flow and budget.
• Ensured that the company complied with regulatory requirements and industry best practices.

Baby-Tango Entertainment (May 2013- Nov 2013), Co-founder and CEO

• Designed pamphlets, advertisements, and tickets for the Five-Sixty club in Vancouver
• Organized daily performance of entertainment operations and events
• Conducted regular market analysis to recognize the strengths and opportunities to expand the business, recommend measures to overcome existing weaknesses, and implement operational improvements.
• Analyzed crucial financial indicators to ensure that the business met revenue goals and budget targets.
• Ensured legal compliance with local security, safety, licensing, and health laws
• Delegated duties, such as reconciliation of books of accounts, accurate and timely invoicing to junior employees.
• Successful executed social media marketing campaigns
• Established and maintained relationships with suppliers, community organizations, and sponsors
• Led a team of more than 30 promoters to sell event tickets, VIP party packages and luxury limousine and party bus services.
• Maintained excellent customer relationships with more than 700 clients.

Relevant Extracurricular Experience

Amway Global (July 2011-Feb 2013), Silver Producer

• Designed comprehensive marketing strategies for offline and online consumers
• Worked with a diverse group to archive the organization’s goals
• Developed effective partnerships with the sales, marketing, and customer support staff
• Prioritized daily tasks, including incoming and outgoing calls, sales-related inquiries, and quotes
• Providing excellent customer service support to increased sales.

Additional Experience

The Mustard Seed, Victoria, BC (January 2018-June 2018), Volunteer

• Executed activities that the team leaders assigned, including cleaning the floor, delivering food, and washing dishes
• Adhering to the safety regulations despite the dynamic work environment

Languages

• Fluent in Chinese and English