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Financial Engineering
Finance, as a field, had always fascinated me right from my
undergraduate college days. I believe my penchant for this field stems from
the fact that Finance runs in my family. My father is a chartered accountant
and my mother is a banker. During my days at Engineering College I used to
go to my father's office and help him manage his portfolio of equities and
other financial instruments. This was the time I learnt the first lesson of
finance from my father i.e. risk and return are proportionate. In 1994 when I
was in the second year the Indian stock market crashed. But fortunately, my
father had a well-diversified portfolio because of which our returns were
protected from the downside risk.
This was when I learnt the second principle of finance from my father
i.e. diversification reduces risk. While I understood these two principles
intuitively, it produced in me a strong urge to learn and understand the
complex theory behind the working of Finance. This, I believe, was a
turning point in my career. I made up my mind to pursue a career in Finance
and hence decided to do a Masters program in Business Administration.
Hence I took admission in Post Graduate Diploma in Business
Administration (PGDBA) at AB Institute of Management Studies (ABIMS),
New Delhi, which is one of the prominent Business schools in India. During
PGDBA, I developed a strong penchant for quantitative-oriented subjects
like Portfolio theory, Derivatives and International Finance.
During the first year of PGDBA I learnt how Derivatives can play an
important role in optimizing a Portfolio's performance and in managing risk.
This exposure left me wanting for more knowledge in the area of Risk
Management. Because of my penchant for the rigor in Derivatives and Risk
Management I took my summer internship at LTCM-securities, one of the
leading investment banks in India. During my project I learnt about various
risks associated with Infrastructure Projects and how they were mitigated
using different risk models and structured finance products. It was at this
time that I realized the importance of mathematics and programming as
invaluable tools in Finance. I had always felt that applying my technical
knowledge to the field of Finance would be highly satisfying.

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In India with the onset of liberalization since 1991 and deregulation of
the interest rates, the Indian corporations and financial institutions are
exposed to various kinds of risks. The Government and the Reserve Bank of
India have initiated appropriate reforms to develop derivatives markets and
financial markets on the whole. This has suddenly increased the demand for
professionals who can not only understand but also develop new financial
instruments to evaluate and hedge the risk. I believe that in order to use
financial engineering pro-actively and dynamically for optimum hedging a
finance professional should be well versed with the mathematics that
underlie the financial theory.
In the future I see myself, as a Finance professional, designing
structured financial products by incorporating cutting edge methodologies
and sophisticated tools in order to cater to the above mentioned
requirements. To achieve this I would like to gain exposure to the latest
practices adopted in the field of Financial Engineering and Risk
Management. To this end I would want to work with a leading investment
bank or in the treasury of a commercial bank, which would enable me to
help corporations manage their risks. I would like to bring this acquired
expertise back to India and use it to help companies thrive in a dynamic
environment.
I believe that my educational background has instilled in me the
qualities required to meet the rigor of this demanding profession. Graduation
in Engineering has provided a strong foundation in Mathematics and
Computer Programming. Mathematics was one subject in which I had
always excelled right from my school days. During the course of my
Engineering education I took up a project with MH Electronics, a firm which
is a vendor of Indian Ocean Research Organisation (IORO). This was
because the project, which I was offered, required extensive use of C
programming language and MATLAB. This project of developing the
software for a video-processing card (Frame Grabber) for the first time gave
me a real world experience of programming. This association helped a lot in
consolidating my programming skills, especially in C-language. Thus, it
inculcated in me problem solving and analytical abilities.

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 Financial Engineering Finance, as a field, had always fascinated me right from my undergraduate college days. I believe my penchant for this field stems from the fact that Finance runs in my family. My father is a chartered accountant and my mother is a banker. During my days at Engineering College I used to go to my father's office and help him manage his portfolio of equities and other financial instruments. This was the time I learnt the first lesson of finance from my father i.e. risk and return are proportionate. In 1994 when I was in the second year the Indian stock market crashed. But fortunately, my father had a well-diversified portfolio because of which our returns were protected from the downside risk. This was when I learnt the second principle of finance from my father i.e. diversification reduces risk. While I understood these two principles intuitively, it produced in me a strong urge to learn and understand the complex theory behind the working of Finance. This, I believe, was a turning point in my career. I made up my mind to pursue a career in Finance and hence decided to do a Masters program in Business Administration. Hence I took admission in Post Graduate Diploma in Business Administration (PGDBA) at AB Institute of Management Studies (ABIMS), New Delhi, which is one of the prominent Business schools in India. During PGDBA, I developed a strong penchant for quantitative-oriented subjects like Portfolio theory, Derivatives and International Fina ...
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