SOP of an Engineer for Master in Finance

Career Care has helped many Engineers to divert from their typical profile and begin their careers in Finance, Management or creative fields. This is a real Statement of Purpose who successfully applied to top universities in Europe successfully.

Statement of Purpose of an Engineer for Master in Finance

As a believer of John Keynes school of thought, I fondly remember one of his famous quotes that “The difficulty lies not so much in developing new ideas as in escaping from old ones”.

After completing my schooling, to explore myself better, I took a year break. I tried plenty of options and one among them was writing. So, I started writing articles and short stories for local magazines as well as posting on social media. Although, two of my Facebook pages are popular among youngsters, I realized that I want to keep writing as my hobby and not as my profession. I have always excelled in mathematics, right from my school days. My performance in examinations has always been exemplary which resulted in awards and recognition. During higher secondary school days, I started teaching Mathematics in villages nearby Bhopal, every Sunday. But, I soon realized although I loved my mathematics I had a flair for applied mathematics than theoretical one.  So, later in the gap year, I started preparing for some of the engineering entrance examination. I joined Sinhgad College of Engineering, affiliated to University of Pune during Mechanical Engineering.

In last year under-graduation project, I worked on “Spiral receiver for solar parabolic dish” in my final year of graduation. We chose to work on this topic because solar energy is clean source of energy and in countries like India it can be leveraged to replace traditional energy sources. Solar Parabolic Dish is fixed focus point concentrators and is used for the Water heating and cooking applications. We designed, developed and measured performance characteristics of direct steam generation by non-tracking solar paraboloidal dish concentrating system. The performance of the concentrator was experimentally investigated with the water circulated as heat transfer fluid. In the project, we achieved steam of temperature 172 degree Celsius. To overcome the difficulties faced during the experimentation phase, we visited Heat Transfer Laboratory of IIT Bombay. While working on this project, I enjoyed dealing with differential equations of Heat and Mass Transfer to design the equipment.  Moreover, I learnt several ways of data management techniques as we had to keep a log of temperature data with various operating parameters. Additionally, I could appreciate importance of team work, decision making, and communication in a project.

Although I liked Engineering, my love for Mathematics pushed me to pursue other possibilities. In my second year of engineering, I started exploring the field of finance. I joined a massive open online course (MOOC) in “Introduction to Finance” by University of Illinois at Urbana Champaign through Coursera.

In my third year of engineering, 2015, I applied for a three-week summer school in “London school of Economics” for the course in finance (course code FM-250), as it would give me global exposure and international experience. Reading books like “The intelligent investor” by Benjamin Gram and Economics of CFA curriculum beforehand certainly helped me to absorb the core concepts of finance. I learnt fundamentals of Portfolio Management, Quantitative Methods and Corporate Finance by the prominent Prof. Lau and Dr. Tamori. Both were a huge influence in further developing my interest in finance. Their interactive way of teaching and relating theoretical finance to everyday examples are still fresh in my mind. Other than academic learning, I had the chance to interact with students from a diverse range of backgrounds and cultures, both in and out of class. I was exposed to a variety of insights and opinions, and form friendships and networks that span the globe.

Later, in the final year of graduation, I researched about further qualifications and came across the CFA program. I started my preparations along with my engineering exam and finally appeared for CFA level-1 exam in December 2016.

I believe finance is as pervasive as air. It directly or indirectly affects every individual on this planet. I believe it is duty of financially awakened person to make sure that his or her decisions are prudent and taken with care, so that the farmer working in his field in some pastoral part doesn’t get affected. We have witnessed horrors of 2008 global fiscal crisis; how mistakes of few people devastated billion lives. These disasters can be avoided by ensuring highest moral standard, integrity and rigid code of ethics.

However, before I embark my journey, I need formal training in Finance. While searching for the relevant courses I came across the course Masters in Finance in your university. I am sure the course will help me gain a solid foundation in finance by applying the latest frameworks and techniques that would boost analytical and financial decision-making skills. I would also develop global capabilities to work anywhere in the world through case studies, a diverse student and faculty body, and access to global financial companies and institutions. Specifically, I will have access to world class finance faculty with extensive industry knowledge and experience.

As stated earlier, my engineering curriculum in mathematics has enabled me to gain a solid grasp over topics like differential and integral calculus, differential equations, algebra, complex numbers, statistics, numerical techniques etc. Moreover, I come from a society where people from different walks of life, culture, religion, ethnicity and language live together in peace and harmony. This helped me in broadening my understanding of diversities. Also, other experiences during my Bachelors have enabled me to be a good problem-solver, analytical thinker and logical person. I have not only strived to acquire the skills required for the course but also taken efforts to get hands on various courses in Finance. These efforts underline my keen interest in subject matter and hence make me one of the strong candidates for the admission.

After graduation, I want to work in an investment bank or hedge fund in the areas of derivative pricing, quantitative asset management and trading financial products. I intend to work in such a capacity for a few years, developing my professional network. I am sure exposure at these levels would help me understand the global repercussions of financial decisions. Hopefully, I can dent the financial world with conscience financial practice I have already talked about.

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SOP of a Chemical Engineer

SOP of a Chemical Engineer

We work with many students all over India to secure admissions in top universities abroad. To help our prospective students, we are publishing ‘Statement of Purpose (SOP)’ written by these students.

Real case of a Chemical Engineer applying to German University

The present case was of one of the Chemical Engineers in Pune. The student was brilliant in curriculum and had cultivated research background. However, his GRE score was not reflecting his abilities while he managed to score decent on his TOEFL. The engineer wished to apply to in German universities for further research. The following document is close to his attempt of the Statement of Purpose.

Statement of Purpose

I was in awe of Chemistry since my eighth grade and as I went to higher grades, my interest in Chemistry developed over the years. When I saw a chemical industry for first time during my school’s industrial visit, I was captivated. I completed Chemistry Laboratory practical in highest grade and then in my under-graduation I opted for Chemical Engineering at MIT AOE, one of the top colleges under University of Pune.

During my undergraduate studies, I was introduced to different courses like Process Modelling and Simulation, Heat Transfer, Mass Transfer, Fluid Dynamics, Mechanical Operation and Transport Phenomena. In order to complement my studies in these courses, I also completed certifications in Matlab and Simulink, AutoCAD, Principles & study of shell and tube heat exchanger and Chemical reactor design. I was the topper of my college which itself underlines my passion in Chemical Engineering. I was the winner of “PRAKALP-2014″ a national level paper presentation and the winner of “SCHEMCON-2015”, an annual National Level Engineering Exhibition for best poster.

In second year, I had an industrial visit for 1 week in ‘Rashtriya Chemicals and Fertilizers Limited (RCF)’ where I completed my training program on ‘Unit operation and Unit processes with plant visit’. Here, I learnt the different unit operations which are an integral part of chemical industries as well as the importance of instrumentation in process industry. While I was observing the manufacturing as well as research here, my curiosity in Chemical Engineering reached peak.

My first encounter with the research was in third year of engineering during a mini-project. I was a Team Leader of team of 3. We picked the challenging project on ‘Photo-bioreactor’, as it is an upcoming technology and we could study the topic closely. Our task was mainly cut out on the conversion of micro algae to biofuel; a clean technology which is really important in today’s world. During the project, we learnt the working of different instruments especially haemocytometer. Here, I was introduced to planning and execution skills required for the research as we had to study available literature and based on previous attempts we also had to design the basic proto-type. I could also appreciate importance of team-skills in research.

During Bachelor’s, I developed interest in Chemical Process Technology and Membrane Technology. I was fascinated by them as their applications present innumerous possibilities to make the Earth much better place to live. Keeping this close to heart, our team of three, led by myself decided to pursue the project on “Studies of effect of methanol crossover on Direct Methanol Fuel cell (DMFC)” in the field of membrane technology. DMFC can be used in wide range from mobile phones to car engine. It is an eco-friendly and renewable energy source. The main challenge during the project was to control methanol crossover and optimize the fuel cell. To overcome this hurdle, we prepared a composite membrane of PTFE Nafion which is a very unique membrane because it can stop methanol crossover and increase the DMFC efficiency. The main advantages of this technology are easy refueling and transportation. We were able to achieve the highest voltage of 1.2V which is among the highest voltage that has been recorded in the world by using DMFC; as a result, our project was highly recognized by University of Pune and we received a grant from BCUD for further research. The project was also selected for “AVISHKAR-2015” which is an inter-university research competition arranged in Pune.

After completing my graduation, I joined CSIR-National Chemical Laboratory (NCL), Pune. I have been working as a Project Trainee since . I am working on a project of “production Soda ash from Sodium Sulphate” which is about converting the low cost of Sodium Sulphate into soda ash; a raw material in glass manufacturing industries. Project was highly challenging as Sodium Sulphate is highly stable and hence to convert it to soda ash we developed an innovative technology using sodium dichromate solution as a solvent. Sodium sulphate and calcium carbonate were taken as raw material. The reaction was double-replacement reaction in which sulphate group of sodium sulphate was replaced by carbonate group. This project was highly successful as we were able to develop a low cost process. During my stint here, I have worked on X-ray Diffraction (XRD), Scanning electron microscope with EDX and High-pressure reactor.

Currently, in NCL Pune,  I am working on a technology on the treatment of wastewater in which the wastewater from industry was treated using Fenton and coagulation process in which ferrous sulphate and hydrogen peroxide were added as a Fenton reagent due to which the water contaminants were oxidised then we tried different coagulants such as poly-aluminum chloride, aluminum chloride hexahydrate, anionic polymer, kaolin, etc. due to which water contaminants were settled down which can be easily separated and from which we were able to reduce COD, BOD, TOC, pH to an permissible limit. Hence, this water can be reused in multiple effect evaporator, reboiler, cooling tower, etc.

Looking back, I am at initial phase of my career and have exposure to best Chemical Engineering institutes of my country. However, I would like to pursue higher education that shall help me align my provincial chemical engineering knowledge with global standards. Now on the threshold of completing 6 months in relevant research, I think I am ready to embrace Master’s in Chemical engineering for energy and environment in your university that will help me to gain expertise in handling modern toolset analyze various processes. Also, the program will help me devise new methods for energy storage, purification and treatment of drinking water. I realize that a Master’s in Chemical Engineering for energy and environment will enrich me by transforming me into an accomplished professional and providing me with tools necessary to get a winning edge over others.

To sum up, it is clear that I have unquenchable thirst and drive to continue my career in Chemical Engineering. My curricular as well as extra-curricular track suggests that I not only have desire but tools to join your course. I bring live case studies and technical expertise of working in Research Institute to the table. Hence, I can certainly say that, I am one of the best aspirants for this prestigious course.

After the course, I wish to work with an organization which is dedicated to transforming lives of billions through these revolutionary technologies, I hope to see myself in a position of a senior engineer 10 years down the line in one of the reputed Companies like BASF, Bayer or Dow chemicals.

Results:

The student was selected in one of the top 10 Technical Universities thanks to his elaboration of research work and his vision/ objective of future research aspirations.

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