Statement of Purpose for a Career in Computational Finance

The world of Finance is by no means a new concept for me. Watching â€Å"Mad money with Jim Cramer† videos on cnbc.com for his daily stock picks is a ritual. I would study the company’s business model, perform very rudimentary fundamental and qualitative analysis on these picks and if its intrinsic value matched the criteria set, I would add it to my portfolio on Investopedia.com. Apart from this, I also spent a considerable amount of time researching on various stock picking strategies to further strengthen my portfolio. However, no matter how many â€Å"winners† I picked, a few â€Å"losers† meant that my portfolio sometimes gave me a lower than expected return. Plus the risk of picking high beta stocks was a little too gut churning for me. Over the course of the past two years, I realized that portfolio management and more importantly stock picking seemed all a bit too random, a haphazard practice that had a very tenuous logical and analytical base. About 8 months ago I was introduced to the concept of quantitative finance, by one of my seniors having a similar profile and currently working as a quantitative financial analyst. Having always been fascinated by financial concepts and their implications at both the macro and micro level, I decided to explore this field. From the very first moment that I read about the nature of Computational finance and what the course entails, I believed that it was the solution to my portfolio conundrum, apart from many others. I was excited that thisShow MoreRelatedFinancial Engineering1614 Words   |  7 PagesIntroduction to Financial Engineering Unit I see the prescribed Text book. 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Pursuing a PhD in Information Technology Management at (an Ivy League) University is a logical step in that direction.   Ã‚  Ã‚  Ã‚  Ã‚  A passion for knowledge was instilled in meRead MoreMy Statement of Purpose: Financial Engineering677 Words   |  3 PagesStatement of Purpose Financial Engineering Introduction Using algorithms to simplify and solve complex business problems while also creating software applications that scale to the most complex, large scale enterprises is a passion that drove me to excel in computer science. The many interrelated systems, databases and applications gave me insight into how even the most intricate, highly dependent systems could be streamlined and aligned to challenging goals. 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