SAMPLE SOP FOR MS FINANCIAL ENGINEERING

| Sample SOP for MS Financial Engineering – This a Statement of Purpose of a student who got admitted to Columbia University for the Masters in Financial Engineering (FE) program. |

Over the last few decades, the landscape of the financial industry has transformed at a persistently rapid rate. The world as we know it has changed dramatically on account of the technology boom and the financial industry has been, in my opinion, the biggest beneficiary of this boom. Gone are the days when human intuition played the key differentiating factor in investment decisions. Algorithmic trading now comprises roughly one-third of total volume traded on many mature derivative exchanges. Today’s financial markets rely on innovative models and advanced quantitative techniques and strategies, executed by computer programs, for value creation. I witnessed this first hand during the two 10-week online courses, “Introduction to Finance” and “Computational finance and Financial Econometrics”, I took via the free online educational website, Coursera. These courses provided me with introductory knowledge on financial instruments, time series concepts, AR(1) and MA(1) models, Monte Carlo Simulation, Markowitz algorithm, and how to use the statistical programming language R for financial applications. Intrigued by the subject matter and realizing my aptitude for the same, I am eager to expand the knowledge I attained during these courses and pursue more a rigorous and thorough education by pursuing a Master’s degree in Financial Engineering at Columbia University.

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