STATEMENT OF PURPOSE Essay example

STATEMENT OF PURPOSE Essay example

Shortly after I moved from my junior school to GCSEs, I was introduced to Economics and Business studies. Initially, I was intrigued and equally excited to study them, but later I became very passionate about the subjects, especially economics. 4 years of studying Economics and Business allowed me to structure my career goals towards it and made me admire the corporate world and the global economy. Economics made realise the state of reality and helped me understand India better. Namely, the reasons for income inequalities, the hiking prices of agricultural goods, recent unprecedented fluctuations in the exchange rate and falling GDP. Over the years of study, in parallel with my AS and A level syllabus, my ardor towards economics made it a priority to keep pace with world economies.

Therefore, reading books such as “Freakonomics” by Steven Levitt, books by John Kay and magazines such as “The Economist” were a part of my daily routine. Besides inspirations by articles of leading economists, my family business further emphasised the importance of economics. Our family business is a Non-Banking Financial Cooperation which is about 50 years old now. My practical and operational experience in our business has taught me that there is a vast amount of knowledge beyond business management and keeping proper accounts for a business to be lucrative and competitive. I strongly feel that Bachelor’s in Economics will give a comprehensive insight into the ways to adapt to the dynamic market and comprehend consumer behaviour which I regard as the roots to succeed.

My biggest aspiration is to expand our business into private regional banks. I strongly believe that for a private banking firm to be successful, it has to make flexible and plausible policies that satisfy every stratum in the economy and hence, it is important that I pursue a B. Sc in Economics from one of the UK’s renowned institutes to feel the pulse of global economic scenario and to be well prepared for the expansion.

Surprisingly, my areas of interest seem to be very inter related. Politics, Global Affairs and Law are fields that I am very much interested in, and I consider these subjects as the other side of the coin which helps in understanding how the corporate environment and the globe as a whole work. These interests drove me to actively participate in debates, public speaking and MUNs throughout my middle and high school life. I have participated in several MUNs and I have been a Vice-chair and played an important role in organising committee a few times. In addition, I have engaged in inter-school Youth Parliaments and represented as the Finance Minister; this platform helped me build my confidence and apply and understand Macroeconomic theories better. Moreover, my school gave me the opportunity to Co-direct a short film about business ethics and take part in events that ask you to develop a business idea and implement them in school level platforms, during the time I mentored junior teams and helped them with concepts like price elasticity and some marketing techniques. To nurture the interest in law, I began to study the subject independently after school. Apart from academics, I am exceptional at Dance and Indian Classical Music which serve as recreation.

I see studying in the UK as a major milestone in the journey of accomplishing my life long determined goals. Education in the UK has top-notch standards and provides substantial exposure and interpersonal skills. I am aware that after my Bachelor, I will be able to apply these learnings to real-world situations, and this degree will provide enormous scope for research, employment and specialisation. Additionally, I intend to pursue a Master’s in Economics and management upon completion of my Bachelor’s and I feel that this curriculum will make me uniquely suited to approach real-world obstacles effectively before joining my family firm.