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Strengths and weaknesses of financial literacy
The impact of financial literacy education on subsequent financial behavior
Strengths and weaknesses of financial literacy
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I believed financial sector is one of the fastest growing and most influential elements in our modern society and economy. Financial professionals help companies and organizations stay on top of their own finances, which is a top priority in the wake of the recession. The growing of financial services in the world has brought massive opportunities to utilize newer principles, methodologies, tools and practices in the field of finance. It is this challenging field in which I would like to gain expertise.
I started developing a strong interest in finance during my undergraduate studies. My interest in finance was first aroused during my first time investing part of my monthly scholarship in Kuala Lumpur Stock Exchange. Since then, I became passionate to learn more about finance and investment and decided to complete Macroeconomics, Money and Banking module in my Economics courses. Throughout my undergraduate studies, I have always been regarded as an academically brilliant, having been recognized on the Dean's List for seven consecutive semesters. I was part of top 15% economics students and invited to become a member of The Pennsylvania State University chapter of Golden Key International Honour Society. I am completing a comprehensive undergraduate degree in Economics at the Pennsylvania State University, where I will graduate in May 2014 with an expected GPA of 3.89 on the scale of 4.
Early exposure inspires big dream. My experiences of managing my monthly scholarship allowances had confirmed my interest in finance and my goal to become a fund manager. After successfully made a huge return from my early investment, my family decided to loan me more money to invest in stock market and some other assets classes such as bond and m...
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My decision to apply to study at Imperial College London is due to the university’s record of academic excellence and its ability to equip students with the skills of critical analysis essential to becoming leaders in their chosen sectors, as well as its location at the heart London, thus providing good links with the world of business and finance and enhancing opportunities for personal and professional development. Obtaining a degree in economics from one of the most prestigious universities in United States is just a beginning. I already faced the challenges at Pennsylvania State University during my degree years and have discovered many opportunities along the journey. Now, I am looking forward to discover new opportunities and always willing to accept responsibility. I am prepared and ever keen to face new challenges at the Imperial College London.
Many prominent economists have connected with society and made significant impacts to the economic scope of resourcing financial interest and embarking in independent productivity and innovation. Some major economic theorist includes Adam Smith, Karl Marx, and Milton Friedman. However, Alan Greenspan is one that in recent views made some impactful moves that changed the way the economy is seen and run. The changes made in earlier years, have affected higher education through today and the institutions need to review its financial framework in order to maintain its level of effective operation.
An interest in business and agricultural studies has always taken some form throughout my life, whether it was running a farm in seventh grade, building a mentoring program during freshmen year or acting as the treasurer for National Honors Society. At first I was learning to grow a variety of fruits and vegetables and then determining how to sell them in order to achieve a net profit. Later I studied how to successfully construct a budget for a new mentoring class at our school and this year I have studied the complex theories of economics and management taking place on a worldwide scale. These experiences have built my passion for Applied Economics and Management at Cornell’s College of Agriculture and Sciences. This specific college has the classes and professors that demonstrate the same interests I am looking for in college. Although I have already gained a great amount of business knowledge, my studies have also taught me about the endless approaches and lenses in which you can view a business problem. Whether it be to delve into the mind of the consumer and understand what mak...
USC’s MS Finance degree will enhance my professional financial skill to advance my career. Specifically, the MS Finance program of USC will provide me a strong background in the theoretical underpinnings and critical business skills of finance. I will have a deep comprehensive understanding of finance so that I can be more confident and convictive to operate efficiently in Chinese financial industry after I graduate. In addition, the MS Finance program of USC will provide me a comparative advantage that will better position me for success in facing intense competition of my future career path. This skill would be indispensable for me to lead a Chinese investment firm to a larger, more mature, and more popular level in the future. Undoubtedly, MS Finance degree will become a stepping-stone on the road to my career success.
Ross, S.A., Westerfield, R.W., Jaffe, J. and Jordan, B.D., 2008. Modern Financial Management: International Student Edition. 8th Edition. New York: McGraw-Hill Companies.
My long term career goal is to found my own financial company that specializes in applying advanced analytics tools to solve complex financial problems. Having worked as a financial analytics analyst for more than 6 months at Enova Financial, a Chicago-based consumer online financing company, my passion towards financial analytics is reinforced. Ranging from basic data query and reporting to predictive modeling and optimization, data analytics has assumed a more important role in today’s financial services industry. Mastering data analytics could help financial institutions acquire the relevant information in the shortest amount of time and make the informed decisions thereafter. Since personal loan industry is only the niche of financial services, I would like to broaden my horizon of the financial knowledge by gaining a deeper understanding of its principle and its application in order to achieve my loan term goal. Entering a full-time master in finance program, as such, becomes the best option for me.
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
I became an enthusiast of finance ever since I was at high school. At the political economy class, my teacher asked us: if you have a million RMB, how would you use it? She then introduced us the concept of investment, and I was intrigued specifically by the stock. For the latter two years of my high school, I have been reading books and articles regarding the stock market in the U.S. and in China. As one of the outstanding students ranked top 1% in College Entrance Exam in Hainan Province, China, I was accepted by the City University of Hong Kong with a full scholarship. With the strong interest in finance, I chose quantitative finance and risk management as my major.
This career peaks my interest since in this role I will have the opportunity to construct my future and I will never stop learning. The constant innovation in finance is commonplace and it creates a work-day that is fast paced and so with this career, I see a promising future. This career interests me also because I will have the chance to practice what I have learned in school and the career places a premium on consistent results, rigorous analytical ideas or thoughts,
Block, S. B., & Hirt, G. A. (2005). Foundations of financial management. (11th ed.). New York: McGraw-Hill.
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency of corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest ...
While it is very important for young individuals to start to save and invest for their retirement, there are aspects that they should consider before jumping into investing into securities. Those subjects are cash, enough insurance, should you buy a home, how secure is your job, how much risk can you handle, equities are risky, get started, do everything, be flexible, and can you save and invest too much. These ten aspects should be looked at, analyzed, and taken into very critical thought before saving and investing into securities.
I am currently majoring in Finance Management. Most of the time people think of finance as just managing money. However, finance is needed for so much more! The finance industry deals with starting businesses, developing new products, expanding markets, as well as everyday things like saving for retirement, purchasing a home, and even insurance. The stock market, asset allocation, portfolio analysis, and electronic commerce are all key aspects in finance. In this paper, I will explain how these features play a vital role in the industry, along with the issues that come with these factors.
Sustaining the momentum I have built up during my graduate studies and determined to learn more in the field of finance and financial economics, I would like to attend the “MA Economics and Finance” programme offered by the Department of Economics, Boğaziçi University. I strongly believe that this programme with its research and application orientation, and with its strong focus on training in related areas of economics and finance will provide me with very strong and state-of-the-art analytical and quantitative techniques necessary to pursue my interest in research in the area of financial economics through doing a PhD study.
Financial theories are the building blocks of today's corporate world. "The basic building blocks of finance theory lay the foundation for many modern tools used in areas such asset pricing and investment. Many of these theoretical concepts such as general equilibrium analysis, information economics and theory of contracts are firmly rooted in classical Microeconomics" (Oaktree, 2005)
Additionally, the challenge that I came across as I encountered different mathematical and economics problems at my latter stages of life contributed greatly towards cementing my desires to further my education in both mathematics and economics at your prestigious institution. Economics happens to be a fundamental part of humans’ daily living and the current economic crisis have triggered my desire to have appropriate knowledge about the