My name is Mohamed, and I am 19 years old and interested in studying finance. The significance of money and banking in today’s society is apparent, particularly in the post-pandemic age. The world economy was already environmentally, technically, and socially unstable when the epidemic hit. However, the future of money is still on the threshold of a revolution that has the potential to alter the very fabric of civilization. More noticeably, the use of cash as a medium of exchange is dwindling, especially in emerging economies, and the era of digital currencies has started. Therefore, studying finance at university would enable me to understand global events and prepare me to assume a leadership position in major financial organizations, which is my primary professional objective.
Coming from a family in the finance business for years, money and banking has been a major part of my life. Working in my father’s business was inevitable as a family tradition. Looking back, I see how working with my father significantly changed my thoughts about money and debt management. I recall my father constantly emphasizing the need to stay out of excessive debt, whether he was discussing his company or his finances. The gist of the advice was the same irrespective of the context: Do not be so short-sighted if putting in a little bit more time, energy, or money will pay off in dividends that are larger than the extra investment. Due to my father’s influence, I have focused my studies on finance and economics. This will enable me to become a financial expert and put me in a prime position to take over the family business and become CEO.
However, my ambitions go beyond merely running the family business. I have decided to major in finance because I am interested in learning more about how different economic models may be used to improve how businesses and people generate and handle wealth. Similarly, I want to hone my problem-solving and decision-making skills by applying mathematical ideas, statistical analysis, and analytic methods. I anticipate expanding my knowledge of financial management, investing, problem-solving, and accounting so that I may better assist companies in streamlining their operations (Follman, 2019). Accordingly, a degree in finance will equip me not just to be proficient with statistics but also to engage with customers, communicate well, and draw conclusions based on research. Eventually, a degree in finance will equip me for careers as a financial consultant, financial planner, corporate banker, and investment manager, among others.
More importantly, a finance course will teach me to be more diverse because I will interact with people from different places. Racism underlies many of our society’s definitions of diversity. I have never used that term because I believe it is what is inside a person that defines who they are and not their color, attire, ethnicity, or physical appearance. When we stop judging individuals by their outward appearance, the collective wisdom of the group begins to speak for itself to our and society’s advantage. Therefore, I will promote diversity and inclusively in the university by participating in awareness campaigns and programs that improve the experience of minority students.
I anticipate learning a great deal in university, theoretically, and through my interactions with others. A finance major will prepare me for the workforce and transform me into an asset to the family company when I take over from my father. It will also make me an expert in the business sector with attractive employability attributes. In the future, I hope to further my education by enrolling in a graduate program.
Reference
Follman, A. (2019). What You Need to Know About Becoming a Finance and Financial Management Services Major. US News & World Report. Web.