style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance
this is me mat and welcome back to my YouTube channel so in this CashNews.co I want to specifically talk about how you can make a strong statement of purpose so if you’re someone who’s uh planning for masters in quantitative
but specifically let’s Target Masters uh in quantitative Finance so see uh whenever you start your statement of purpose you know the first paragraph should be your motivation or it can
be your introduction so mostly uh what I see is it’s like the first paragraph should be motivation like what motivated you you know to pursue a master’s or what motivated you towards quantitative text-decoration: none;">Finance now the motivation can be through anything it can be that you went to a webinar on Cor Finance and that’s what motivated you right
or you went to you went for any competition cont competition and that’s what motivated you or you were heavily involved into the financial Markets and that’s what motivates you so
then the motivation can be anything but make sure you start your paragraph the first paragraph should be your motivation what motivated you and that’s why you know after writing your motivation you should end with and that’s what you know because I’m so much motivated towards this
field and that’s why I really passionate about personing Masters in qu Finance or person or you know definitely passionate about this field of qu style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance
do not understand but in US they definitely consider or they definitely give a lot of importance to your academic background so make sure like whenever you are writing your academic background make sure to highlight subjects which you have taken in mathematics statistics programming these are so
important I cannot tell you because when I speak to different program directors here in the US that’s what they mention every time every time I speak to them that’s that is the only thing that they mention that we are looking for students who come with the relevant uh relevant education
background so I did ask him what do you mean by relevant and that’s where they said that oh they should have they should have studied mathematical pieces or mathematics statistics and programming and that’s what makes them a well-rounded candidate for a masters in quantitative href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance so now what you can do is either write the courses you have studied or uh if you have done any um if you have done any projects in those courses mention that these are you know small and important stuff to write in your sop so your second and the third paragraph in your sop should be all about your academic uh Pur or your academic academic Journey then your fourth and the fifth paragraph right or fourth if you have if so so a lot of students do uh work for any internship or they do they have graduated from their undergraduate degree and now they do they working full-time right so if you are someone like that make sure you add like two paragraphs on what you are working on and uh like how does that relate to the field of quantitative style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance Finance because that is very important so so if if you are a student right you can always say that oh I was interning at X so let’s say you interned at XYZ place right and then you can always mention that okay I was interning at this place and I I was working on these projects and that’s what I learned from these projects right and that’s how it this this everything resonates you know with the field of qu quantitative style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance think what to write right in your in your sop what should be right see uh the thing that you should always focus on is projects make sure you have lot of projects uh you do lot of projects and have those included in your sop see just imagine if you are if you are coming for masters in quantitative Finance at least let’s say if I’m the program director right I would at least look some element that your profile has related to quantitative style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance you are applying you might not have internships or full-time roles but at least you can have academic projects right that’s what you can do so make sure that at least whenever you write your sop have certain elements of quantitative bold; color: #1a73e8; text-decoration: none;">Finance in your sop so so your fourth and fifth paragraphs should be about your academic exper or sorry should be about your working experience and then sixth and seventh paragraph should be about why this University or why Masters in Quant href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance in United States so you need to mention you make sure like let’s say uh I’ll give you I’ll give you one example so North Carolina State University their program is inclined to Risk Management and so quantitative and Risk Management and most of the seniors that they graduate if you see almost 70 to 80% actually work into the domain of Risk Management so if you say that okay I want to you know work into Risk Management and NC status the best university for pursuing uh you know a field in Risk Management the director knows that you know you have done your research well so make sure whatever University you’re applying to do some research uh write certain professor’s name you know like I want to work with this professor on this topic right or something that should resonate right so make sure whenever you are writing by this University take out certain elements let’s say you are applying for any University in New York right so you you should definitely say that okay you know New York offers a Vibrant Community of wants you know and the alni network will definitely help you in the future see everyone knows that if you’re working in in in New York you have a lot you have a better job opportunities right so you should always mention that that in your long-term perspective it will help you also make sure you write the shortterm goals and the long-term goals in your sop it is very very important see uh just imagine you are writing your own story right it’s everything should be in a story format so when someone reads it it should be everything should come uh more of a story right so always write that okay after pursuing this master’s degree what are your term what are your shortterm and your long-term goals because that is very important so it can be as simple as okay my short-term goal is to work as a COR developer at a high frequency trading firm uh 5 years down the line when I uh when I have gained good amount of working experience I do intend to uh it can be I do intend to open my own hft firm or I do intend to lead a bunch of con developers and guide and guide their career part it can be anything you know or it can be as simple as uh working as a I don’t know I mean just make something up and even if you have not decided it is totally fine just write something point I’m trying to say is it uh people here uh they really want you to be super laser focused right it’s fine if you’re not laser focus it’s totally fine I was also not one of them but to portray that yes you know what you want to do that is something that really helps your profile or that really helps make your profile much better also uh I would say that when someone reads your sop uh the person should feel like you are good with mathematics mathematics statistics programming so these are the three key element if you see quantitative Finance it is a discipline made up of five different pillars mathematics statistics programming uh Finance and economics most of the engineers they do not they they lack with href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance everything but point I’m trying to say is you have to sell your story uh getting see all these universities they get like more than thousand plus applicants right and even if you see the bat size it’s like I know um NC State B North Carolina State University from where I graduated the B size is hardly 40 and they get like so many applicants so they know that they so you know they will be selecting best of the best so you need to make sure that when you write your sop or when you create your sop it should be it should come out as very strong sop so make sure your focus should be on mathematics statistics and programming because these are the solid foundation for any con Finance Masters even if you don’t know style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance want to include or if you want certain suggestions of the project that you can have in your resume is let’s say pricing European option using black sh method and Monte Carlo method or even hon model using hon model or you can add a bunch of stochastic volatility models or stochastic interest rate models op Rising interest rate derivatives maybe it can be caps of floors or modeling Yield curves or value at risk modeling there are so many projects you can go and research uh by yourself like what to include but make sure whatever you include you should know that because some sometimes uh the university do call you for interviews and if you are called for interviews and if you do not know what you have written that is a that is a bad sign okay so making sure what you write you know it is totally fine if you don’t know but at least go and study that uh see uh I’ll be honest with you not everyone will write everything 100% correct and this is not we are not living in Ideal World so what you can do is you can write but you study at the same time and no one will tell you this to do this but everyone does this everyone uh tries to write things you know if they have done 50% they’ll show they have done 100% And I understand why people do that because they need admission they do not want to waste their one year of life right so it’s totally fine but I hope this CashNews.co makes sense to you make sure when you are writing your sop mathematics statistics uh programming this should strongly come out from your res from your sop uh Finance and economics if you have done that is great please try to include those in your in your sop if you if you’re coming from so if you’re coming from bcom background or a BBA background I understand you might not have mathematics statistics and programming what you can do is you can do a lot of courses on course era so if you see if you go on course era you will find courses on linear algebra probability Theory uh calculus level one level two numerical methods go look out for them and do these courses have those in your sop just say something like okay because I come from a Commerce background so you know mathematical pieces mathematical subjects is something that are not taught in my in my in in the bachelor’s degree but because I’m so curious uh about the mathematical world or you can always say that I I love mathematics and that’s why I went ahead and learned all this XYZ subjects uh and you know try to include those in your sop so there are lot of mathematical courses programming courses on course era you can apply for financial aid and you can get all those courses for free you do not need to pay that I highly recommend go for uh for financial aid it will help you get everything for free and complete those and include those in your in your sop that will make your sop really strong so so I hope this CashNews.co helps you if you need any help please put your doubts in the comment box and I’ll be more than happy to answer that all the best
CashNews, your go-to portal for financial news and insights.
Hi Mehul,
I'm Simran from amber student. We have followed your content for quite some time now & we absolutely love it. We are looking forward to collaborating with you. Kindly share your email/DM so that we can move forward.
Thank you!
Mahul how to contact with you?if any possibility let me now know thanks
Mahul BS in Economic &Finance graduate with 3.6 GPA and have FRM certification which university will accept this? Princeton/brunch &UC Berkeley's and last imperial collage London?
Thanks mahul❤
🙌