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MIT - PhD - Finance Sample Essay | justcolleges
I believe there is still much to be explored and studied in finance academia, and I believe the Sloan doctoral program would provide me with the knowledge necessary to understand and apply finance theories, which I could in turn bring to my teaching and research career. I am committed and determined to succeeding at the Ph.D. program, and I am confident I will be able to contribute to the MIT community in my area of interest.
My desire to attend the Ph.D. program also stems from a realization that my undergraduate education was only a starting point in learning the necessary finance skills. While my Computer Science and Finance degrees supplied the foundation of knowledge for each field and my employment background has allowed me to understand and utilize technical aspects of finance, I have not yet learned the critical skills to improvise when applying finance theories. Specialization through the Ph.D. program is crucial, as I have noticed how my colleagues apply their specific area of knowledge to the understanding of disciplines. For example, one of my colleagues has used his mathematical knowledge to solve a portfolio optimization problem while others have done the contrary, using their finance expertise to help them understand mathematical problems. I seek this level of knowledge in finance, so that I can handle many different problems that might defy the application of standard rules
MIT – PhD – Finance Sample Essay
I have an excellent job with tremendous advancement opportunities. At my well-paid job at a prestigious investment bank on Wall Street, my computer science and analytical skills are recognized and lauded. Moreover, I enjoy intellectual interactions with my Ph.D. colleagues, have many friends, and am appreciated by my managers. Still, I feel a void in my life. While my friends and colleagues do not understand my decision to leave my rewarding career, I know that I have no choice if I am to pursue my long-term goal and my childhood dream: to teach and publish research. While my friends think I am sacrificing certain career advancement for unnecessary training, I do not act impulsively, and I am certain that I have made the correct decision. What they do not understand is that I will derive even greater satisfaction by pursuing a doctoral degree than by earning a higher salary and advancing in my present career. By pursuing a doctorate, I will have the priceless opportunity to realize my dream.
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