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Banking And Finance Essay

939 words - 4 pages

Never have I ever climbed a mountain peak. As a child, I imagined myself conducting expeditions in deep-frozen pathways, leading amateur explorers to the top of the world, and instructing rookies in surviving harsh blizzards. Even though slightly altered, my childhood dream has been achieved. I led a team of fellow classmates, in my Strategic Management course, to the success summit of a financial competition. Over the course of a semester, I and my teammates were supposed to create and manage a company of the IT industry, in a computer-simulated environment, along with other four rival teams. I dealt with strategy and financial matters of our virtual enterprise, while my colleagues were working on marketing and manufacturing. During the four months of the exercise, I have experienced finance from various aspects: capital budgeting, through selecting favorable investment for upcoming quarters; debt management, by assessing the necessary amount and efficiency of loans; profitability analysis and dividend policy, which had been used to compile the company’s general performance index. Working in a multinational team, which included an American, a Norwegian and a Moldovan, strengthen my negotiations skills, as well as flexibility and cooperation. But above all, this experience intensified my passion for finance. Of course, a pleasant bonus was the fact that, in the end, our company’s financial performance was six times the performance of second-best team.
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency of corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest – the mechanisms and institutions involved in providing venture capital and identifying angel investors as means to encourage innovation. Although in terms of GDP Moldova is a weak country, its economic potential can be widely expanded through specific infusions of capital. I believe that through linking international institutional investors with the local capital market, it is possible to create a system of financing high value-added, start-up enterprises, which would otherwise fail to secure a loan for initial funding, because of high bank interest rates. My top three areas of interest are working on education, energy, and agriculture related projects. Hardly found in any other graduate program, energy finance is a course offered at University of St. Gallen that specifically would teach me the underpinning of energy markets. More general courses in entrepreneurial finance would offer me the chance to grasp concepts easily applicable to assess the odds of success or projects in the agriculture sector. Furthermore, for the education sector I could be both a provider and a receiver of knowledge.
I consider my education my asset with highest net present value. As a fellow on two U.S. Department of State sponsored programs...

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