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On September 2007, I had about
ten thousand dollars of savings. At that time, my father was earning a good profit from investing through a stock company. I decided to invest my money as well. On top of the profit, I wanted to know about the world of investing and how profit was generated; this had been a mystery to me. I went to ¡°Mirae-Asset Securities Company,¡± which was a well-known regarded mutual fund in Korea. Due to a financial advisor¡¯s recommendation, I invested in stock goods called ¡°China Solomon Securities Investment¡± for 3,000 dollars and ¡°Asia Pacific Fund¡± for 7,000 dollars. Those goods were for investments in many kinds of businesses in countries, including China, Taiwan, and Vietnam. The countries were developing rapidly during my investments. The securities market was incredible. My investments grew 18 percent within only two weeks! It was amazing. However, the world economy started to collapse after that. There would be countless reasons, but I thought it was because of the subprime mortgage crisis. The crisis caused a tremendous economic damage to the United States. People couldn¡¯t pay for their loans and lost their homes. Many financial firms went bankrupt. Plus, many countries and foreigners that export products to the US and invest a lot of money in US financial market had a severe damage as well. My investments decreased by 37 percent, too. Although the downturn caused me a huge loss, the experience taught me that the world is economically linked. It also made me open my eyes to the possibilities of the world of finance. It gave me a clue about what I should do. However, I couldn¡¯t figure out what I wanted to know by having only one experience. Therefore, I decided to learn about finance in New York, which is the center of the world economy. To build up fundamental knowledge first, I entered Nassau Community College as a business major. When I was studying macroeconomics, financial accounting, and the principles of management, I learned about banking, stocks, national securities, how to analyze a firm¡¯s performance and what managers should have in their minds. As I studied them more, my passion for finance grew more. I want to know about how money flows, how the world¡¯s economy is related to the securities market and how to make a good portfolio. Now, I am ready to study core elements of finance such as investment, money and capital markets, and managerial finance. I strongly believe outstanding professors and academic programs offered by Cornell¡¯s finance specialization in Applied Economics and Management (AEM) will satisfy my needs.
To understand what kind of sc
hool Cornell University is, I did research on both undergraduate and graduate schools since I seek to participate in the MBA program in Cornell after receiving the BS. I learned of Cornell¡¯s emphasis on leadership. Its programs have a ¡°chemistry¡± that combines passion with process. In addition, I found the school¡¯s ¡°Leadership Model,¡± the philosophy of leadership, very creative. Furthermore, Cornell provides Business Opportunities in Leadership and Diversity (BOLD) program. I realized how important leadership is to Cornell and how beneficial it would be to my career if I could be a part of it. I learned that Cornell has produced many worldwide, renowned leaders: Lynn Calpeter, an executive vice president and chief financial officer of NBC Universal and Sanford I. Weill, a former chairman and CEO of Citigroup. I understood the value of the Cornell experience. I was a squad leader during my military service and know how important a role leaders play. Since I aspire to be a top executive of a financial firm, Cornell¡¯s significant contributions to leadership will benefit me greatly.
Another fascinating thing abo
ut Cornell is that AEM offers the AEM Alumni Mentorship Connection program providing academic and career guidance. I think that is critical for me. Since alumni mentors have more real life experience in the field of business, they should be able to widen my understanding. I see the advice and guidance of experienced business professionals as the actualization of one of the AEM¡¯s mission statements: ¡°Make the real world our classroom.¡±
Along with Cornell¡¯s supporti
ve programs, AEM¡¯s professors and in-depth courses of entrepreneurship, leadership, finance and management will teach me core skills and help me fulfill my ambition. All the evidence leaves me no choice but Cornell University. It¡¯s undoubtedly the perfect choice, and I hope I may be allowed to become a part of it.
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