SAMPLE SOP FOR QUANTITATIVE FINANCE

| Sample SOP for Quantitative Finance – This a Statement of Purpose of a student who got admitted to Rutgers for the Masters in QF program. |
Sample SOP for Quantitative Finance
Being an avid follower of stock markets since my high school days, I am intrigued by the shift in the degree of positive correlation of our Indian markets with that of the global markets.   In the recent past, the direction of our markets seems to track that of our global peers even more closely and appears to be less impacted by the local economic indicators.Consequently, my trading portfolio has seen an obscene amount of volatility.   With a goal to profit from the havoc in the markets, I researched various volatility based trading models and stumbled across a dedicated graduate course in financial engineering at {}.  As I delved further into the curriculum, I realized that the course offerings and placement opportunities post completion will propel me to achieve my short term career objective of working in a quantitative trading environment.  It is for this reason that I look forward to applying to Masters of Quantitative Finance . Sample SOP for Quantitative Finance
I believe that mathematics is the cornerstone of financial theory and in order to succeed and grow as a financial professional, one must possess an inherent caliber and a burning zeal towards Mathematics.Since my school daysI have been excelling at math and I believe the knowledge of Vedic Math has also given me a stronger base of the subject, thereby helping mesecure 96% in my 12th grade examination in math and placing me among the top 0.50% students in the country.My inclination towards math and computers led me to pursue engineering in Information Technology at ___ College of Engineering,one of the top 50 engineering colleges in India. During my engineering days,I enrolled forcourses which focused on topics of applied mathematics such as Integral Calculus,Differential Calculus and Stochastic Calculus. I also undertook a course in Computer Simulation and Modeling which helped me learn and implement topics such as Monte Carlo Simulation and the Black Scholes Model.The more I learned about the myriad models, the better I could analyze stocks and portfolios,thereby aiding me in trading more effectively.A part of my curriculum was also dedicated in implementing mathematical concepts learnt using programming languages such as GPSS, MATLAB, C++ and java. This made me proficient with application of theoretical concepts into real world solutions.
Sample SOP for Quantitative Finance
In addition, through the curriculum, I became adept in programming languages such as Java, C++, VB, MATLAB, Linux, J2EE, J2ME and asp.Net.I have developed many projects over the tenure of the program like a portable portfolio manager using J2ME, a software trading website using asp.net, a car trading application using java and a rudimentary java based stock market simulator based on Stochastic Calculus. The more projects I implemented using a certain language the better I got acquainted with the in-depth intricacies of the language.
Sample SOP for Quantitative Finance
I am an ardent follower and a longtime admirer of Mr. WarrenBuffet and his lines on twitter -“Derivatives are weapons of mass destruction” made me particularly inquisitive and compelled me to research on the topic.The book“Building Financial Derivatives Applications with C++” by Robert Brooks caught my eye in the vast sea of resources.Although the programming explained in the book was fairly simple, the derivative valuation problems and methods required greater depth.Through my research, I found that “Financial Derivatives: Theory, Concepts and Problems”by S.L Gupta was the answer to my problems.Upon reading this book,I came confident of my career objective as I could easily grasp the root concept of derivatives and then could completely understand and enjoy the ideas and solutions which Robert Brooks portrayed.In order to help me smooth my transition from a technical background to a more financial background,I prepared for an NSFM course which covered topics such as Derivatives, Securities and Ratio Analysis and cleared the certification.
Sample SOP for Quantitative Finance
In an attempt to integrate my theoretical knowledge with real time world knowledge, I joined a stock broking firm working as an intern under a_____analyst.At the start of the internship I was responsible for ___. But as my passion for learning the markets was burgeoning and becoming evident, after a month I was working under traders and analysts.In my experience I have learnt that one of the major functions of a trader is risk management.Although I learnt a number of factors responsible for risk management, I could apply my knowledge of derivatives in this sector and even suggest ideas to my superiors. Apart from the technical analysis that comes into picture while working in a brokerage firm, I developed my inter-communication skills where I learnt how to get my point across effectively and professionally.
Sample SOP for Quantitative Finance
Aside from academics, I am an active member of the student body in college, volunteering in all the technical and cultural activities. Being the Co-Logistics head of the cultural festival PARICHAY, I dealt with the finances of the college festival efficiently and responsibly.  In addition, I have organized seminars such as “Ethical Hacking”, Cloud Computing, and Adobe Photoshop. Being part of the committee has also instilled teamwork, a greater level of communication skills and greatly improved my leadership skills.
Sample SOP for Quantitative Finance
I would like to be a part of Rutgers Business School’s MQF program because of its strong quantitative training and its good reputation on Wall Street.The program would afford me an opportunity touse the application of mathematical models in creating efficient and innovative financial strategies. It will also help me to attain my career objective of working in a financial environment in the areas related to Derivatives and Risk Management.
Sample SOP for Quantitative Finance
The faculty present under the MQF program in Rutgers is one of the greatest assets of the program with many of its member being pioneers in the finance industry. Also the program offers a very rich curriculum ranging from the fundamentals in finance to state of the art mathematical models. The proximity to New York City would enable me to participate in a number of conferences and seminars thus providing me greater supplementary knowledge thereby increasing my value as a professional.
Sample SOP for Quantitative Finance
As the harmonious symphony of my interest in financial markets, my capability in math and my skill as a programmer are resonant with the criteria for an effective financial engineer it is imperative for me to follow the path leading to MQF program in your prestigious university.

Sample SOP for Quantitative Finance