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Doctoral programs in finance
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Nail Edikhanov edikhanov@mail.ru/310.4987084 Date 01/06/2015
I am applying for the Doctoral program in Finance within UCLA Anderson School of Management. My desire to attend the Program is driven by my passion to pursue a career in the research and teaching of finance. I believe that the Anderson PhD program would be crucial to the progress of achieving these objectives.
I suppose that my background in finance has prepared me for such a career. All my life through, learning and self-realization have become key values for me: they have been motivating me and pushing me to academic success. I finished high school with a golden medal, got a Masters Degree with honors at a leading Russian university and received a CFA charter. Furthermore, I passed a FRM exam. I have accumulated all those skills in order to be a highly competitive specialist in finance. Finally, I went international and got my MBA degree from UCLA Anderson School of Management in 2014 while also earning the J. Fred Weston Award for Academic Excellence in Finance.
I am deeply grateful to UCLA Anderson for the skills I developed and relationships I built while pursuing my MBA degree. Anderson classes gave me valuable skills to carry on my future academic career. I equipped myself with various tools, essential for economic
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The first anomaly I faced in my life was value. Having managed a value portfolio in ASAM we heavily outperformed S&P 500 buying midcap value stocks, which had good quality of earnings. It was the first time I saw that quant strategies based on stock market anomalies really work. Then I took great Finance classes at Anderson and learnt a lot about other anomalies, such as momentum and mean-reversion. This gave me pivotal insights into inefficiency of financial markets nowadays. I believe that there are still large unexplored areas of the stock market, which can be interesting for my further
Brigham, Eugene F., and Houston, Joel F. Fundamentals of Financial Management. Second ed. Dryden, New York, © 1999.
With this new influx of technology in the market, trading is being done at such a rapid rate that companies can’t keep up with the changing times. Therefore one day, a company could have millions of dollars worth of investors and the next day have only thousands. Money is being moved at such a rapid rate that the Dow is changing at higher percentiles than have ever been seen
I was born in a small village in the outskirts of Uzbekistan. It is one of the poorest and most isolated areas of the country. The economy of the region, as well as of the whole country was supported by the Soviet Union. After the collapse of the Soviet Union, Uzbekistan was burdened with high unemployment, rapid inflation, and shattered infrastructure that could not support any economic revival. Most families, especially those in suburbs of the country, were struggling to get by. Consequently, most students in my village could not even dream about going to a university. I was one of those students. However, in 2005, I participated and became one of the finalists of the Future Leaders Exchange (FLEX) program. The program was administered by the State Department of the United States (US); it gave an opportunity to students with outstanding academic record to study in the US high school for a year. At that point, I knew that there was a chance that someday I might be able to go to a university.
The efficient market hypothesis has been one of the main topics of academic finance research. The efficient market hypotheses also know as the joint hypothesis problem, asserts that financial markets lack solid hard information in making decisions. Efficient market hypothesis claims it is impossible to beat the market because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information . According to efficient market hypothesis stocks always trade at their fair value on stock exchanges, making it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices. As such, it should be impossible to outperform the overall market through expert stock selection or market timing, and that the only way an investor can possibly obtain higher returns is by purchasing riskier investments . In reality once cannot always achieve returns in excess of average market return on a risk-adjusted basis. They have been numerous arguments against the efficient market hypothesis. Some researches point out the fact financial theories are subjective, in other words they are ideas that try to explain how markets work and behave.
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.
The career I wish to pursue is that of a stockbroker. I am extremely interested in the trading of stocks and financial holdings so the career of a stockbroker just seems to fit in with my overall plan. Numbers have also always been a fascination of mine and the trends of the economy and long term financial outlooks have often interested me greatly. Stock broking is a risky business that one needs to be prepared for highs and lows if choosing to pursue. You must understand what a stockbroker truly does to even begin to follow this as a life long career.
My God there are so many careers out there, who in the world can pick just one. That’s what’s been weighing on my mind heavily is what career is right for me. I’ve thought of a couple that interest me but I want to find out everything there is to know about a financial advisor. The reason that I’m interested in this field is how everything is the same when it comes to the actually math behind the career. Also I like to deal with people and money so a job as a financial advisor just seems right for me but I intend to find out as much as I can to make sure there’s nothing surprising or any kinks in what sounds like the perfect job for me.
Among all the programs available, I firmly believe that the Master in Finance program at Princeton University will be the ideal preparation for my career because of its strong emphasis on quantitative techniques with practical business problem solving. The core courses offered by the program will help me build concrete foundation in financial theories and computational methods; the elective courses, such as Forecasting and Time Series Analysis, will further enhance my modeling techniques for financial forecasting in a broader application. Besides excellent teaching fellows at Princeton University, the close personal attention from academic and career advisors will be invaluable to my professional growth. Furthermore, the small cla...
My long-term professional aspiration is to enter the field of international management consulting. A MBA from your school in interdisciplinary studies will enhance my understanding of all aspects of business. This will contribute significantly to becoming effective in the consulting profession. I am extremely enthusiastic about the future of International Business. I believe that there are major breakthroughs yet to be made in the field. After completing a MBA in your school, I hope to gain practical experience and exposure with a major international business firms. Eventually, I wish to establish my own consulting company providing various financial and managerial services.
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.
Chapter 11 closes our discussion with several insights into the efficient market theory. There have been many attempts to discredit the random walk theory, but none of the theories hold against empirical evidence. Any pattern that is noticed by investors will disappear as investors try to exploit it and the valuation methods of growth rate are far too difficult to predict. As we said before the random walk concludes that no patterns exist in the market, pricing is accurate and all information available is already incorporated into the stock price. Therefore the market is efficient. Even if errors do occur in short-run pricing, they will correct themselves in the long run. The random walk suggest that short-term prices cannot be predicted and to buy stocks for the long run. Malkiel concludes the best way to consistently be profitable is to buy and hold a broad based market index fund. As the market rises so will the investors returns since historically the market continues to rise as a whole.
Becoming a financial analyst will allow me to enjoy a career in the finance field that pays well and also offers ample opportunities. The position of a financial analyst is growing very fast and so there are more opportunities for me to become a financial analyst. Being a financial analyst will not only put me in a powerful position within the organization but it will also teach me skills that I need about investing for my own financial life. Some of the qualifications for the career that I already have include a bachelor’s degree in finance, technology experience (Microsoft word, Microsoft outlook), skills such as maximization of work practices, and quality vigilance. One qualification that I need for this position is the ability to turn data into information. Since this position requires past experience and I have none, I can undergo training so that I can be at par with the job functions and requirements. Despite the fast growth of the job, though, there is stiff competition and even though I will most likely get this job with my bachelor’s degree, a master’s degree will help me stand out among my competitors and it will also be a wise investment for me since I have my eyes on a financial management position at one point in
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 ...
In the modern world, financial markets play a significant role, with huge volumes of everyday dealings. They form part of contemporary economic lifestyle and determine the level of success of many people. Humans have always been uncertain of what the future holds and thus, tried to forecast it. The forecast of course cannot omit the likelihood of “easy money” by forecasting the prices of equity markets in the future.