1. Explain, in your own words, your concept of financial engineering. Limit 1000 characters
Financial engineering is, a new multidiscipline aiming to solve complicated financial problems bywithapplying advanced mathematical tools and programming skills toin financial theory. In the finance world, financial engineering is applied in many fields, which includes algorithmictrading, risk management, investment, and creative financial products’ design. [K1]Financial engineering originated originally aimeding forto increaseing financial efficiency, however some of creative financial products have brought turbulence to the financial world. Some people imputeattribute these faults to the overdevelopment of financial engineering.However, lacking of financial engineering professionals in the financial world make have made it so that people cannot recognize the potential risks and profits [K2]of the financial innovations, which could cause financial crisis. Nowadays, sophisticated modeling and technology are dominating the financial world. I believe financial engineering is the game changer of the future.[K3]
2. Describe your motivation, both personal and professional, to pursue the QCF degree. What are your goals once you receive the MS-QCF degree? Limit 1200 characters
My interests in financial engineering started to accumulatearoseduring my first investment class when I learned how to mathematically price financial derivativesjust learnedusing theBlack-Scholesmodel [K4]formula and pricing financial derivatives with mathematical way during my first investment class. Nevertheless, I made my decision to pursue aMmasters degree in financial engineering was made when I witnessed the turbulence of China’s stock market caused by a proprietary trading error occurred in August, 2013. I was so astonished by the power of financial engineering that this event rekindled my enthusiasm forin financial engineering. I realized I need a [K5]systematical study ofin financial engineering. I am fascinated by the numerous merits of the QCF degree at Georgia Tech,.eEspecially Georgia Tech’sthe flexible course structure, a bunch of the opportunity to work on real-world projects and maintain a strong connection with industry. For my future career, plan, I am longing for starting as my goal is to become a financial derivative investment analyst once I receive the MS-QCF degree. In the meantime, I will continue my deeper study bythrough applying learnedtheory in real world research and practices, to equip me thebuild a solid foundation as of a quantitative fund portfolio manager.In the future, I hope I could be ableto establish and run my own quantitative hedge fund company.
3. Discuss any unique aspects of your application that would give the Admissions Committee insight into your background. Limit 1000 characters
Since I was a child, I showed demonstrated a strong my interest and talent in mathematics since I was a child, which led me to winobtain the national Mathematics Olympiad Competition and Physics Olympiad Competition prizes during my middle school and high school years. I graduated with dual degrees in mathematics and finance, which facilitated mye composite academic background in the prerequisite requirementsforof financial engineering. To enhance my comprehension in investment, I also took and passed the CFA Level I and Level II exams. In addition, I am making devote to fill my vacancy indevoted to enhance programming experience skills by taking online classes to learn about C++ and Matlab as well. Besides my academic background, I am a person who enjoys like taking meeting challenges and delving into new topics. Financial engineering is a complex and exciting fieldchallenge which that is changing the financial world; and I hope to devote my life and studies to improving thisin this challenging field.
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[K1]I recommend rewording this to read: “the creative design of financial products” with no apostrophe.
[K2]I recommend switching the order of “profits and risks”
[K3]I recommend rewording this to “I believe financial engineering will continue to transform the future of finance.”
[K4]Please note: the official title is Black-Scholes model.
[K5]I recommend rewording this to “I am now pursuing the systemic study of financial engineering and hope to do so at Georgia Tech.