master in accounting personal statement

How To Write A Personal Statement For Masters (17 PDF Sample Examples)

Published: 14 Mar 2022 Study Abroad 104,623 views

A personal statement for masters program is one of the most important parts of your college application and writing a good one is what’s the exception between receiving an offer and being rejected.

If you’ve been tasked with presenting a personal statement, you should keep in mind that whatever you submit must put you forward as the right candidate for the course. Additionally, it should convince the admissions officers that you deserve a place on your program of study.

Achieving the above, is a skill most postgraduate students are yet to acquire but thankfully this article on How To Write A Personal Statement For Masters covers everything you need to know on doing this.

In this article you’ll learn:

• What is a personal statement?
• Tips for making your personal statement for masters stand out
• How to write a personal statement for masters
• Personal statement for masters sample
• Examples of personal statement for masters
• Conclusion – things to avoid when writing a personal statement for masters

Read:  Admission Interview Tips .

What Is a Personal Statement?

A personal statement AKA admissions or application essay or statement of purpose is a type of essay or written statement a candidate presents to a college, university, or graduate school they are applying to, explaining why they want to attend that school, study a particular course, and why they would be a perfect fit for these things.

A personal statement for masters is an essay you submit specifically for your postgraduate application. Writing one presents the opportunity for you to promote yourself to a school and show the admissions teachers that you are the perfect candidate for a course.

Tips For Making Your Personal Statement For Masters Stand Out

Before we get into how you should write a statement of purpose for masters, we would first like to share with you certain tips to include in your essay to make it stand out from that of other applicants and be convincing enough to any admissions officer that reads it. The tips we have mentioned here, cover general things like starting and ending your personal statement, timing, length, and what to include and what not to include in the essay, etc.

1. Starting And Ending A Personal Statement

When starting a personal statement, you would want to right off the bat grab the reader’s attention. To do this, start the statement by writing about your degree of choice, next why you want to study it and then how you got interested in it.

The next 2 sentences after that should cover a summary of your background in the chosen field, and you conclude by saying what you plan to do once you acquire your graduate degree.

Also start with that the evaluators reading want to hear first, then every other information should come second. You will notice we’ve used in the sop examples for masters we will share with you later in this article.

2. Plan Ahead

A personal statement is not something you rush while writing, which means if you want to get something good before you application then you must start to decide things like the length and how long it should take to complete.

Let us throw more light on this…

For length, a personal statement should be brief ranging somewhere between 500 -700 words, although schools often detect how long it should be. So, this is dependent on the institution you are applying to.

In terms of what to say in a statement, you could include personal experiences like why you were driven to apply for the program, an experience you had with a scholar in your chosen discipline, a course you took that inspired you to pursue masters, or a key moment during your studies which further motivated you.

No matter what you decide to write, just keep in mind that you need to take your time to craft something good even if it means creating several drafts before the real thing and do not forget to proofread the statement for errors.

3. Research Your Program Of Study

Researching your program of study is one way to establish that you truly understand the discipline you’re getting into and prove to the admissions officer that you thoroughly thought about it before applying.

And because you want to put yourself forward as a serious candidate, one way to make you research easier is for you to visit the website of the department you are applying to. This page will contain information about faculty members, their specialisation, and publications.

From the intel, you gathered there you can now identify which professors match your interests and which ones you will benefit the most from learning under. After you’ve found this out, relate the same in a sentence or two in your statement of purpose for masters.

Example: “I would be honoured to study under the tutelage of Professor Nadia whose work I found resonated strongly with my beliefs and intended projects in this course”.

4. Avoid Clichés, Junks, And Many Details

When writing a statement of purpose for master degree try to avoid clichés, junks, and unnecessary details so that you don’t lose or bore your readers in between. Be as concise as possible, even if it’s your chance to express yourself.

A personal statement is an opportunity for the admissions committee to get information that tells the that you are suitable for the course. So, when you overpower your statement with too many words, stories, and useless details, you come off as someone who is just trying to meet the word count.

5. Include Your Personal History Only If It Adds To The Statement

Do not include your personal history in your statement of intent for masters if it is not relevant to your purpose of study. This means no need for you to tell that story about that time you helped someone treat a cut and immediately realised that you wanted to be a doctor or nurse or how you developed a taste for reading at a very young age.

We can guarantee you that the hundreds of other applications competing for the same spot you are felt the same way, so saying those things really doesn’t make you unique.

On the other hand, if you are going to add personal history to your statement, you can put in things like an internship you did and the experience you got from the job, a major research project you ran by yourself, publications you’ve read or published, conferences you’ve attended or presentations you’ve done. These experiences are more concrete and are directly related to your program of study. They also set you apart from other applicants.

6. Don't Use The Same Personal Statement For All Your Applications

One common mistake applicant make that you shouldn’t is using the same statement of purpose for master degree for all your applications. Using the same information repeatedly even if you are going to change the university names is risky and could land you in a big mistake on a day you forget to be thorough.

All programmes have their own unique set of questions they want to see answered and information they need in your personal statement.

And even if some of them like extracurricular activities, proposal for project, why you are applying to the school, your unique qualities, and research works you’re doing might appear the same, do not use one statement to respond to all of them.

Write a new unique personal statement every time you want to apply.

Check out:  How to Write a Good CV for Students - Resume Examples for Students (PDF).

How To Write A Personal Statement for Masters

When writing a personal statement for masters there are several steps and ground rules you need to follow to ensure that it comes out good enough to impress the admissions team of a school, and ultimately convince them to give you a spot on your program of study.

If writing one is something you are currently struggling with and can’t seem to get down the process of it right no matter what, this section on how to write a personal statement for masters, discusses in detail everything you need to get help with yours.

There are 4 parts to consider when writing your personal statement and we have listed them below:

1. Planning A Personal Statement

A personal statement is a piece of writing showing your academic interests and is only for application purposes which means there is no room for any autobiographical information in it about your personal life. Be as to-the-point as possible when writing it and stick to telling the school why you are the right person for the course, plus any other extra information detailing your achievements.

Before You Start:

Allot plenty of time to write your msc personal statement so that you don’t rush it. Remember, this simple piece of writing is your one shot at convincing a school that you are the best applicant they’ve seen and as such can either make or break your application.

Read the information expected of you from the university, rules and guidelines given, selection criteria and understand what they mean. Also research the institution.

Do a thorough research on the course you are applying for; this will help you explain better why you want to study it. The tutors interviewing you can tell when you are lying and presenting yourself as uninformed can cost you the admission.

Ensure that you don’t use the same personal statement for all your applications.

When Writing:

When writing the statement there are some questions to ask yourself that can help you plan it better. Those questions are:

• Why you want to study a master’s and how does it benefit you in future?
• How does the course you have chosen fit into your pre-existing skill set?
• How do you stand out from the crowd as an applicant - e.g., work experiences you’ve had in the same field you are applying for?
• What do you aspire to do or be as a future career and how will the course help you achieve that?
• How can your work or skillsets contribute positively to the department/ university you are applying to, or society at large?

On the other hand, if you are applying for the masters to change from the field you studied in your undergraduate to another field, you should tell the school why you decided to take a different path in your studies.

Questions to ask yourself for this include:

• Your reason for deciding to change your discipline.
• How your undergraduate degree will be material for bringing fresh insights into your masters course.
• How changing your study path will help you attain your future career.

2. Structuring A Personal Statement

Having good structure for your personal statement for master degree is important because it ensures that everything from the beginning, middle, and ending of the statement is written and equally falls in place perfectly.

We’ve left some tips for you below to help you:

Start your personal statement with an attention-grabbing introduction that is not dramatic or cliché. That means you should not begin with any of these over-used phrases we’ve listed out below:

For as long as I remember…

Since my childhood…

I want to apply to this course because I’ve always felt a strong connection to it…

All my life, I have always loved…

My interest in (course) always ran deeper than…

I’ve always been zealous about…

Ever since I was a child, I’ve always wanted to pursue a career in…

My past educational experiences have always…

You would want to be as snappy as possible with your opening because the admission officer has over a hundred applications to read and can’t waste all their time on yours. This means you should avoid overpowering it with unnecessary facts, quotes, and stories from your life.

The middle part of your ma personal statement is where the main content of the write-up should be. This is where you show your dedication to the course you’ve chosen, what motivated you to choose it, and why you are the right candidate for it.

When writing the middle part of a graduate personal statement, you should:  

• Give concrete reasons why you want to study a course at the University. The reason could be because of how the course is aligned to your future career or the University’s reputation in teaching that program.
• Mention relevant things like projects, dissertations, or essays you’ve done, and any work experience you have.
• Show proof of your core skills like and how they can contribute to the department.
• Prove what makes you a unique candidate.
• Discuss who your main influences for wanting to study the course are and why.
• Add experiences like memberships to clubs that are related to your field, papers you’ve written before, awards, scholarships, or prizes.
• Draw focus to how the course links to your past and future.
• Mention your academic and non-academic skills and how they fit the course.

For Formatting:

• Keep the statement length between 250 -500 words or as directed by the school.
• Sentences should be no more than 25-30 words.
• Use headings to break up the content – Why this university? Why this subject? Etc.
• Make claims and provide evidence to back each of them up. This can be done by discussing your work experience and academic interests.

Language and tone to use:     

• The tone for your masters application personal statement should be positive and enthusiastic, to show you eagerness to learn and so that you convince the evaluators that you have what it takes to succeed.
• Use exciting and refreshing language, and an engaging opening line.
• Ensure you grammar, punctuations, and spellings are accurate.
• Avoid exaggerated claims you cannot backup.
• Don’t use cliché generic terms and keep your focus on the course.

Keep the ending of your essay for master degree application concise and memorable, leaving no doubt in the admission officers mind that you deserve a spot on the program.

To create the best ending summarise all your key points without dragging it our or repeating yourself. The ending should be simple, end on a positive note and make it clear that the school will be lucky to have you on their program.

Personal Statement for Masters Sample

In this section, we have left a masters personal statement example for you, which you can use as material to write yours for any course of study you are applying to a school for.

Personal Statement PDF

You can also download this statement of purpose sample for masters degree pdf here and take your time to read it later – Personal Statement For Masters Sample .

See Also:  Student CV Template .

Examples of Personal Statement for Masters

We have taken the time to source for some of the best postgraduate personal statement examples, which you can use in addition to the personal statement for masters program example as a template to write yours.

While you scroll through our list, you will find the perfect masters essay example for any field you wish to apply for, from business administration, to Psychology, to information technology, and lots more.

1. msw personal statement

We have found one of the best msw personal statement examples out there for you.

social work masters personal statement .  

2. personal statement for masters in public health

mph personal statement examples

3. personal statement for masters in management

Personal statement for master degree sample for masters in management .  , 4. personal statement for masters in education example.

personal statement for masters in education example

5. psychology masters personal statement

psychology masters personal statement example

6. sample personal statement for masters in data science data science masters personal statement

7. speech and language therapy personal statement statement of purpose for masters sample: speech and language therapy

8. business administration personal statement personal statement for masters in business administration

9. personal statement for masters in cyber security pdf masters degree personal statement examples for cyber security

10. personal statement for masters in finance msc finance personal statement examples

11. statement of purpose for masters in information technology pdf msc personal statement examples for information technology

12. international development personal statement statement of purpose for masters example

13. msc international business management personal statement international business management personal statement examples

14. computer science masters personal statement

statement of purpose for masters in computer science pdf

15. personal statement for masters in economics statement of purpose sample for masters degree in economics

16. mha personal statement statement of purpose format for masters in health administration    

Conclusion – Things to Avoid When Writing A Personal Statement For Masters When writing a personal statement for university masters, there are some things you should avoid, so that you don’t ruin your essay. We have listed out those things below: •    Avoid negativity. •    Following an online template blindly. •    Do not include unnecessary course modules, personal facts, or extra-curricular activities in your personal statement. •    Do not lie or exaggerate an achievement or event. •    Do not include inspirational quotes to your statement. •    Avoid using clichés, gimmicks, humour, over-used word such as 'passion' or ‘driven’. •    Do not make pleading statements. •    Avoid mentioning key authors or professors in your field without any explanation. •    Avoid using sentences that are too long. •    Avoid flattering the organisation or using patronising terms. •    Do not repeat information in your statement that you have already listed in your application. •    Avoid waffling i.e., writing at length. •    Don’t start writing your personal statement at the last minute.  

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Sample Personal Statement Accounting and Finance

by Talha Omer, MBA, M.Eng., Harvard & Cornell Grad

In personal statement samples by field.

The following personal statement is written by an applicant who got accepted to several top accounting and finance programs. Variations of this PS got accepted at the University of Michigan, Vanderbilt, and Indiana University. Read this personal statement to understand what a top essay in Accounting and Finance should look like.

Example Personal Statement Accounting and Finance

I have never made popular choices, whether academic or professional. Where high academic achievement irrefutably means pursuing a career in Medicine or STEM, I opted for a career in management. I was free to choose a path for myself, owing to my performance during an extensive pre-induction professional training program. Fortunately, I picked a path that everyone believed was insignificant.

My decision to move to a new city to pursue my path did not receive encouragement. Making my own decisions has given me the freedom to dream and make it a reality. It has strengthened my belief that I am the only one who can bring a difference for myself and those around me. Brazil’s institutions may seem frozen, yet, at the grassroots, Brazil is in perpetual motion with ceaseless creativity. To accelerate this motion, we need to bring better and more affordable solutions; I plan to do that.

Growing up in Brazil, I have constantly questioned why we are still not growing economically despite having abundant resources. I frequently discussed the economic factors affecting us with my father, leading me to work at local NGOs and attend voluntary programs. My interest intensified when I discovered during these experiences that the unequal distribution of resources was a major cause of our economic constriction.

Moreover, our medical, engineering and academic professionals would not work in rural areas due to a lack of facilities, further debilitating the imbalance. It made me realize that we could only reap the benefits of our efforts if there were a proportionate distribution of resources. Realizing how effective mobilization of resources can aid in eradicating social ills, I developed an interest in management. This equipped me with technical knowledge and provided room for opinion building.

Pursuing this path, I joined the leading undergraduate institution in the country. The zeal with which I made this decision led me to graduate summa cum laude. While studying, I taught communication skills to undergraduate business students from rural areas. Meeting these students compelled me to get involved even though I lacked formal teaching training. Through empathy and friendly get-togethers, I was able to help these students conveniently traverse in English. With this experience, I understood that my time and energy had been well spent and that as an agent of change, one does not necessarily need to be exceptional; instead, one requires creativity, patience, and emotional intelligence.

After graduation, I followed through with my goal of facilitating change by joining the banking sector as an accounting and finance trainee. By working in Brazil’s most vital financial sector, I was exposed to diversified experiences, from being as simple as issuing customer chequebooks to designing accounting and credit proposals to the tune of USD 1.2 billion. Furthermore, while working on individual projects, I developed an in-depth understanding of international accounting rules that regulated trade transactions; the learning opportunities were immense.

Two and a half years of experience in the finance sector brought me to work for the country’s central bank. The anxiety that accompanied moving away from home for the first time was overwhelmed by my professional and personal growth. Nine months of extensive training and on-the-job assignments exposed me to interminable learning opportunities. However, my real gain has been in the form of self-improvement and growth that accompanied my first experience living independently. Leaving the protective living that I enjoyed with my family is challenging, but it has developed and strengthened my capabilities of taking and owning my decisions. Above all, knowing that my family is not always around to guide me has instilled in me a greater sense of responsibility.

During the two a half years of experience in accounting and finance, I observed the financial exclusion experienced by some important yet financially constrained sectors of the economy. This exposure motivated me to join the Development Finance Department upon my appointment to the country’s central bank. Moreover, most of the firms operating in any country of the world are either small or medium enterprises. Thus, providing an enabling environment to such enterprises is significant for economic growth and employment generation.

In Brazil also, 90 percent of the enterprises are small and medium-sized, and lack of access to formal sources of finance is a significant impediment to these enterprises’ growth. Therefore, a huge room for improvement is available concerning the development of policy framework and market infrastructure for the financial inclusion of this sector. As a part of the central bank, I have been allowed to intervene in a system that is not effectively performing its role of financial intermediation. Innovation in financial products, development of accounting and risk mitigation strategies are requirements to alleviate this segment’s financial exclusion.

By broadening my exposure and enhancing my knowledge, I aim to equip myself better to address the shortcomings of one of the critical segments of the economy.

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• How to Write Your Personal Statement | Strategies & Examples

How to Write Your Personal Statement | Strategies & Examples

Published on February 12, 2019 by Shona McCombes . Revised on July 3, 2023.

A personal statement is a short essay of around 500–1,000 words, in which you tell a compelling story about who you are, what drives you, and why you’re applying.

To write a successful personal statement for a graduate school application , don’t just summarize your experience; instead, craft a focused narrative in your own voice. Aim to demonstrate three things:

• Your personality: what are your interests, values, and motivations?
• Your talents: what can you bring to the program?
• Your goals: what do you hope the program will do for you?

This article guides you through some winning strategies to build a strong, well-structured personal statement for a master’s or PhD application. You can download the full examples below.

Urban Planning Psychology History

Table of contents

Getting started with your personal statement, the introduction: start with an attention-grabbing opening, the main body: craft your narrative, the conclusion: look ahead, revising, editing, and proofreading your personal statement, frequently asked questions, other interesting articles.

Before you start writing, the first step is to understand exactly what’s expected of you. If the application gives you a question or prompt for your personal statement, the most important thing is to respond to it directly.

For example, you might be asked to focus on the development of your personal identity; challenges you have faced in your life; or your career motivations. This will shape your focus and emphasis—but you still need to find your own unique approach to answering it.

There’s no universal template for a personal statement; it’s your chance to be creative and let your own voice shine through. But there are strategies you can use to build a compelling, well-structured story.

The first paragraph of your personal statement should set the tone and lead smoothly into the story you want to tell.

Strategy 1: Open with a concrete scene

An effective way to catch the reader’s attention is to set up a scene that illustrates something about your character and interests. If you’re stuck, try thinking about:

• A personal experience that changed your perspective
• A story from your family’s history
• A memorable teacher or learning experience
• An unusual or unexpected encounter

To write an effective scene, try to go beyond straightforward description; start with an intriguing sentence that pulls the reader in, and give concrete details to create a convincing atmosphere.

Strategy 2: Open with your motivations

To emphasize your enthusiasm and commitment, you can start by explaining your interest in the subject you want to study or the career path you want to follow.

Just stating that it interests you isn’t enough: first, you need to figure out why you’re interested in this field:

• Is it a longstanding passion or a recent discovery?
• Does it come naturally or have you had to work hard at it?
• How does it fit into the rest of your life?
• What do you think it contributes to society?

Tips for the introduction

• Don’t start on a cliche: avoid phrases like “Ever since I was a child…” or “For as long as I can remember…”
• Do save the introduction for last. If you’re struggling to come up with a strong opening, leave it aside, and note down any interesting ideas that occur to you as you write the rest of the personal statement.

Once you’ve set up the main themes of your personal statement, you’ll delve into more detail about your experiences and motivations.

To structure the body of your personal statement, there are various strategies you can use.

Strategy 1: Describe your development over time

One of the simplest strategies is to give a chronological overview of key experiences that have led you to apply for graduate school.

• What first sparked your interest in the field?
• Which classes, assignments, classmates, internships, or other activities helped you develop your knowledge and skills?
• Where do you want to go next? How does this program fit into your future plans?

Don’t try to include absolutely everything you’ve done—pick out highlights that are relevant to your application. Aim to craft a compelling narrative that shows how you’ve changed and actively developed yourself.

My interest in psychology was first sparked early in my high school career. Though somewhat scientifically inclined, I found that what interested me most was not the equations we learned about in physics and chemistry, but the motivations and perceptions of my fellow students, and the subtle social dynamics that I observed inside and outside the classroom. I wanted to learn how our identities, beliefs, and behaviours are shaped through our interactions with others, so I decided to major in Social Psychology. My undergraduate studies deepened my understanding of, and fascination with, the interplay between an individual mind and its social context.During my studies, I acquired a solid foundation of knowledge about concepts like social influence and group dynamics, but I also took classes on various topics not strictly related to my major. I was particularly interested in how other fields intersect with psychology—the classes I took on media studies, biology, and literature all enhanced my understanding of psychological concepts by providing different lenses through which to look at the issues involved.

Strategy 2: Own your challenges and obstacles

If your path to graduate school hasn’t been easy or straightforward, you can turn this into a strength, and structure your personal statement as a story of overcoming obstacles.

• Is your social, cultural or economic background underrepresented in the field? Show how your experiences will contribute a unique perspective.
• Do you have gaps in your resume or lower-than-ideal grades? Explain the challenges you faced and how you dealt with them.

Don’t focus too heavily on negatives, but use them to highlight your positive qualities. Resilience, resourcefulness and perseverance make you a promising graduate school candidate.

Growing up working class, urban decay becomes depressingly familiar. The sight of a row of abandoned houses does not surprise me, but it continues to bother me. Since high school, I have been determined to pursue a career in urban planning. While people of my background experience the consequences of urban planning decisions first-hand, we are underrepresented in the field itself. Ironically, given my motivation, my economic background has made my studies challenging. I was fortunate enough to be awarded a scholarship for my undergraduate studies, but after graduation I took jobs in unrelated fields to help support my parents. In the three years since, I have not lost my ambition. Now I am keen to resume my studies, and I believe I can bring an invaluable perspective to the table: that of the people most impacted by the decisions of urban planners.

Strategy 3: Demonstrate your knowledge of the field

Especially if you’re applying for a PhD or another research-focused program, it’s a good idea to show your familiarity with the subject and the department. Your personal statement can focus on the area you want to specialize in and reflect on why it matters to you.

• Reflect on the topics or themes that you’ve focused on in your studies. What draws you to them?
• Discuss any academic achievements, influential teachers, or other highlights of your education.
• Talk about the questions you’d like to explore in your research and why you think they’re important.

The personal statement isn’t a research proposal , so don’t go overboard on detail—but it’s a great opportunity to show your enthusiasm for the field and your capacity for original thinking.

In applying for this research program, my intention is to build on the multidisciplinary approach I have taken in my studies so far, combining knowledge from disparate fields of study to better understand psychological concepts and issues. The Media Psychology program stands out to me as the perfect environment for this kind of research, given its researchers’ openness to collaboration across diverse fields. I am impressed by the department’s innovative interdisciplinary projects that focus on the shifting landscape of media and technology, and I hope that my own work can follow a similarly trailblazing approach. More specifically, I want to develop my understanding of the intersection of psychology and media studies, and explore how media psychology theories and methods might be applied to neurodivergent minds. I am interested not only in media psychology but also in psychological disorders, and how the two interact. This is something I touched on during my undergraduate studies and that I’m excited to delve into further.

Strategy 4: Discuss your professional ambitions

Especially if you’re applying for a more professionally-oriented program (such as an MBA), it’s a good idea to focus on concrete goals and how the program will help you achieve them.

• If your career is just getting started, show how your character is suited to the field, and explain how graduate school will help you develop your talents.
• If you have already worked in the profession, show what you’ve achieved so far, and explain how the program will allow you to take the next step.
• If you are planning a career change, explain what has driven this decision and how your existing experience will help you succeed.

Don’t just state the position you want to achieve. You should demonstrate that you’ve put plenty of thought into your career plans and show why you’re well-suited to this profession.

One thing that fascinated me about the field during my undergraduate studies was the sheer number of different elements whose interactions constitute a person’s experience of an urban environment. Any number of factors could transform the scene I described at the beginning: What if there were no bus route? Better community outreach in the neighborhood? Worse law enforcement? More or fewer jobs available in the area? Some of these factors are out of the hands of an urban planner, but without taking them all into consideration, the planner has an incomplete picture of their task. Through further study I hope to develop my understanding of how these disparate elements combine and interact to create the urban environment. I am interested in the social, psychological and political effects our surroundings have on our lives. My studies will allow me to work on projects directly affecting the kinds of working-class urban communities I know well. I believe I can bring my own experiences, as well as my education, to bear upon the problem of improving infrastructure and quality of life in these communities.

Tips for the main body

• Don’t rehash your resume by trying to summarize everything you’ve done so far; the personal statement isn’t about listing your academic or professional experience, but about reflecting, evaluating, and relating it to broader themes.
• Do make your statements into stories: Instead of saying you’re hard-working and self-motivated, write about your internship where you took the initiative to start a new project. Instead of saying you’ve always loved reading, reflect on a novel or poem that changed your perspective.

Your conclusion should bring the focus back to the program and what you hope to get out of it, whether that’s developing practical skills, exploring intellectual questions, or both.

Emphasize the fit with your specific interests, showing why this program would be the best way to achieve your aims.

Strategy 1: What do you want to know?

If you’re applying for a more academic or research-focused program, end on a note of curiosity: what do you hope to learn, and why do you think this is the best place to learn it?

If there are specific classes or faculty members that you’re excited to learn from, this is the place to express your enthusiasm.

Strategy 2: What do you want to do?

If you’re applying for a program that focuses more on professional training, your conclusion can look to your career aspirations: what role do you want to play in society, and why is this program the best choice to help you get there?

Tips for the conclusion

• Don’t summarize what you’ve already said. You have limited space in a personal statement, so use it wisely!
• Do think bigger than yourself: try to express how your individual aspirations relate to your local community, your academic field, or society more broadly. It’s not just about what you’ll get out of graduate school, but about what you’ll be able to give back.

You’ll be expected to do a lot of writing in graduate school, so make a good first impression: leave yourself plenty of time to revise and polish the text.

Your style doesn’t have to be as formal as other kinds of academic writing, but it should be clear, direct and coherent. Make sure that each paragraph flows smoothly from the last, using topic sentences and transitions to create clear connections between each part.

Don’t be afraid to rewrite and restructure as much as necessary. Since you have a lot of freedom in the structure of a personal statement, you can experiment and move information around to see what works best.

Finally, it’s essential to carefully proofread your personal statement and fix any language errors. Before you submit your application, consider investing in professional personal statement editing . For $150, you have the peace of mind that your personal statement is grammatically correct, strong in term of your arguments, and free of awkward mistakes.

A statement of purpose is usually more formal, focusing on your academic or professional goals. It shouldn’t include anything that isn’t directly relevant to the application.

A personal statement can often be more creative. It might tell a story that isn’t directly related to the application, but that shows something about your personality, values, and motivations.

However, both types of document have the same overall goal: to demonstrate your potential as a graduate student and s how why you’re a great match for the program.

The typical length of a personal statement for graduate school applications is between 500 and 1,000 words.

Different programs have different requirements, so always check if there’s a minimum or maximum length and stick to the guidelines. If there is no recommended word count, aim for no more than 1-2 pages.

If you’re applying to multiple graduate school programs, you should tailor your personal statement to each application.

Some applications provide a prompt or question. In this case, you might have to write a new personal statement from scratch: the most important task is to respond to what you have been asked.

If there’s no prompt or guidelines, you can re-use the same idea for your personal statement – but change the details wherever relevant, making sure to emphasize why you’re applying to this specific program.

If the application also includes other essays, such as a statement of purpose , you might have to revise your personal statement to avoid repeating the same information.

If you want to know more about college essays , academic writing , and AI tools , make sure to check out some of our other language articles with explanations, examples, and quizzes.

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Gre prep online guides and tips, 3 successful graduate school personal statement examples.

Looking for grad school personal statement examples? Look no further! In this total guide to graduate school personal statement examples, we’ll discuss why you need a personal statement for grad school and what makes a good one. Then we’ll provide three graduate school personal statement samples from our grad school experts. After that, we’ll do a deep dive on one of our personal statement for graduate school examples. Finally, we’ll wrap up with a list of other grad school personal statements you can find online.

Why Do You Need a Personal Statement?

A personal statement is a chance for admissions committees to get to know you: your goals and passions, what you’ll bring to the program, and what you’re hoping to get out of the program.  You need to sell the admissions committee on what makes you a worthwhile applicant. The personal statement is a good chance to highlight significant things about you that don’t appear elsewhere on your application.

A personal statement is slightly different from a statement of purpose (also known as a letter of intent). A statement of purpose/letter of intent tends to be more tightly focused on your academic or professional credentials and your future research and/or professional interests.

While a personal statement also addresses your academic experiences and goals, you have more leeway to be a little more, well, personal. In a personal statement, it’s often appropriate to include information on significant life experiences or challenges that aren’t necessarily directly relevant to your field of interest.

Some programs ask for both a personal statement and a statement of purpose/letter of intent. In this case, the personal statement is likely to be much more tightly focused on your life experience and personality assets while the statement of purpose will focus in much more on your academic/research experiences and goals.

However, there’s not always a hard-and-fast demarcation between a personal statement and a statement of purpose. The two statement types should address a lot of the same themes, especially as relates to your future goals and the valuable assets you bring to the program. Some programs will ask for a personal statement but the prompt will be focused primarily on your research and professional experiences and interests. Some will ask for a statement of purpose but the prompt will be more focused on your general life experiences.

When in doubt, give the program what they are asking for in the prompt and don’t get too hung up on whether they call it a personal statement or statement of purpose. You can always call the admissions office to get more clarification on what they want you to address in your admissions essay.

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What Makes a Good Grad School Personal Statement?

A great graduate school personal statement can come in many forms and styles. However, strong grad school personal statement examples all share the same following elements:

A Clear Narrative

Above all, a good personal statement communicates clear messages about what makes you a strong applicant who is likely to have success in graduate school. So to that extent, think about a couple of key points that you want to communicate about yourself and then drill down on how you can best communicate those points. (Your key points should of course be related to what you can bring to the field and to the program specifically).

You can also decide whether to address things like setbacks or gaps in your application as part of your narrative. Have a low GPA for a couple semesters due to a health issue? Been out of a job for a while taking care of a family member? If you do decide to explain an issue like this, make sure that the overall arc is more about demonstrating positive qualities like resilience and diligence than about providing excuses.

Specific Examples

A great statement of purpose uses specific examples to illustrate its key messages. This can include anecdotes that demonstrate particular traits or even references to scholars and works that have influenced your academic trajectory to show that you are familiar and insightful about the relevant literature in your field.

Just saying “I love plants,” is pretty vague. Describing how you worked in a plant lab during undergrad and then went home and carefully cultivated your own greenhouse where you cross-bred new flower colors by hand is much more specific and vivid, which makes for better evidence.

A strong personal statement will describe why you are a good fit for the program, and why the program is a good fit for you. It’s important to identify specific things about the program that appeal to you, and how you’ll take advantage of those opportunities. It’s also a good idea to talk about specific professors you might be interested in working with. This shows that you are informed about and genuinely invested in the program.

Strong Writing

Even quantitative and science disciplines typically require some writing, so it’s important that your personal statement shows strong writing skills. Make sure that you are communicating clearly and that you don’t have any grammar and spelling errors. It’s helpful to get other people to read your statement and provide feedback. Plan on going through multiple drafts.

Another important thing here is to avoid cliches and gimmicks. Don’t deploy overused phrases and openings like “ever since I was a child.” Don’t structure your statement in a gimmicky way (i.e., writing a faux legal brief about yourself for a law school statement of purpose). The first will make your writing banal; the second is likely to make you stand out in a bad way.

Appropriate Boundaries

While you can be more personal in a personal statement than in a statement of purpose, it’s important to maintain appropriate boundaries in your writing. Don’t overshare anything too personal about relationships, bodily functions, or illegal activities. Similarly, don’t share anything that makes it seem like you may be out of control, unstable, or an otherwise risky investment. The personal statement is not a confessional booth. If you share inappropriately, you may seem like you have bad judgment, which is a huge red flag to admissions committees.

You should also be careful with how you deploy humor and jokes. Your statement doesn’t have to be totally joyless and serious, but bear in mind that the person reading the statement may not have the same sense of humor as you do. When in doubt, err towards the side of being as inoffensive as possible.

Just as being too intimate in your statement can hurt you, it’s also important not to be overly formal or staid. You should be professional, but conversational.

Graduate School Personal Statement Examples

Our graduate school experts have been kind enough to provide some successful grad school personal statement examples. We’ll provide three examples here, along with brief analysis of what makes each one successful.

Sample Personal Statement for Graduate School 1

PDF of Sample Personal Statement 1 – Japanese Studies

For this Japanese Studies master’s degree, the applicant had to provide a statement of purpose outlining her academic goals and experience with Japanese and a separate personal statement describing her personal relationship with Japanese Studies and what led her to pursue a master’s degree.

Here’s what’s successful about this personal statement:

• An attention-grabbing beginning: The applicant begins with the statement that Japanese has never come easily to her and that it’s a brutal language to learn. Seeing as how this is an application for a Japanese Studies program, this is an intriguing beginning that makes the reader want to keep going.
• A compelling narrative: From this attention-grabbing beginning, the applicant builds a well-structured and dramatic narrative tracking her engagement with the Japanese language over time. The clear turning point is her experience studying abroad, leading to a resolution in which she has clarity about her plans. Seeing as how the applicant wants to be a translator of Japanese literature, the tight narrative structure here is a great way to show her writing skills.
• Specific examples that show important traits: The applicant clearly communicates both a deep passion for Japanese through examples of her continued engagement with Japanese and her determination and work ethic by highlighting the challenges she’s faced (and overcome) in her study of the language. This gives the impression that she is an engaged and dedicated student.

Overall, this is a very strong statement both in terms of style and content. It flows well, is memorable, and communicates that the applicant would make the most of the graduate school experience.

Sample Personal Statement for Graduate School 2

PDF of Sample Graduate School Personal Statement 2 – Musical Composition

This personal statement for a Music Composition master’s degree discusses the factors that motivate the applicant to pursue graduate study.

Here’s what works well in this statement:

• The applicant provides two clear reasons motivating the student to pursue graduate study: her experiences with music growing up, and her family’s musical history. She then supports those two reasons with examples and analysis.
• The description of her ancestors’ engagement with music is very compelling and memorable. The applicant paints her own involvement with music as almost inevitable based on her family’s long history with musical pursuits.
• The applicant gives thoughtful analysis of the advantages she has been afforded that have allowed her to study music so extensively. We get the sense that she is insightful and empathetic—qualities that would add greatly to any academic community.

This is a strong, serviceable personal statement. And in truth, given that this for a masters in music composition, other elements of the application (like work samples) are probably the most important.  However, here are two small changes I would make to improve it:

• I would probably to split the massive second paragraph into 2-3 separate paragraphs. I might use one paragraph to orient the reader to the family’s musical history, one paragraph to discuss Giacomo and Antonio, and one paragraph to discuss how the family has influenced the applicant. As it stands, it’s a little unwieldy and the second paragraph doesn’t have a super-clear focus even though it’s all loosely related to the applicant’s family history with music.
• I would also slightly shorten the anecdote about the applicant’s ancestors and expand more on how this family history has motivated the applicant’s interest in music. In what specific ways has her ancestors’ perseverance inspired her? Did she think about them during hard practice sessions? Is she interested in composing music in a style they might have played? More specific examples here would lend greater depth and clarity to the statement.

Sample Personal Statement for Graduate School 3

PDF of Sample Graduate School Personal Statement 3 – Public Health

This is my successful personal statement for Columbia’s Master’s program in Public Health. We’ll do a deep dive on this statement paragraph-by-paragraph in the next section, but I’ll highlight a couple of things that work in this statement here:

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• This statement is clearly organized. Almost every paragraph has a distinct focus and message, and when I move on to a new idea, I move on to a new paragraph with a logical transitions.
• This statement covers a lot of ground in a pretty short space. I discuss my family history, my goals, my educational background, and my professional background. But because the paragraphs are organized and I use specific examples, it doesn’t feel too vague or scattered.
• In addition to including information about my personal motivations, like my family, I also include some analysis about tailoring health interventions with my example of the Zande. This is a good way to show off what kinds of insights I might bring to the program based on my academic background.

Grad School Personal Statement Example: Deep Dive

Now let’s do a deep dive, paragraph-by-paragraph, on one of these sample graduate school personal statements. We’ll use my personal statement that I used when I applied to Columbia’s public health program.

Paragraph One: For twenty-three years, my grandmother (a Veterinarian and an Epidemiologist) ran the Communicable Disease Department of a mid-sized urban public health department. The stories of Grandma Betty doggedly tracking down the named sexual partners of the infected are part of our family lore. Grandma Betty would persuade people to be tested for sexually transmitted diseases, encourage safer sexual practices, document the spread of infection and strive to contain and prevent it. Indeed, due to the large gay population in the city where she worked, Grandma Betty was at the forefront of the AIDS crises, and her analysis contributed greatly towards understanding how the disease was contracted and spread. My grandmother has always been a huge inspiration to me, and the reason why a career in public health was always on my radar.

This is an attention-grabbing opening anecdote that avoids most of the usual cliches about childhood dreams and proclivities. This story also subtly shows that I have a sense of public health history, given the significance of the AIDs crisis for public health as a field.

It’s good that I connect this family history to my own interests. However, if I were to revise this paragraph again, I might cut down on some of the detail because when it comes down to it, this story isn’t really about me. It’s important that even (sparingly used) anecdotes about other people ultimately reveal something about you in a personal statement.

Paragraph Two: Recent years have cemented that interest. In January 2012, my parents adopted my little brother Fred from China. Doctors in America subsequently diagnosed Fred with Duchenne Muscular Dystrophy (DMD). My parents were told that if Fred’s condition had been discovered in China, the (very poor) orphanage in which he spent the first 8+ years of his life would have recognized his DMD as a death sentence and denied him sustenance to hasten his demise.

Here’s another compelling anecdote to help explain my interest in public health. This is an appropriately personal detail for a personal statement—it’s a serious thing about my immediate family, but it doesn’t disclose anything that the admissions committee might find concerning or inappropriate.

If I were to take another pass through this paragraph, the main thing I would change is the last phrase. “Denied him sustenance to hasten his demise” is a little flowery. “Denied him food to hasten his death” is actually more powerful because it’s clearer and more direct.

Paragraph Three: It is not right that some people have access to the best doctors and treatment while others have no medical care. I want to pursue an MPH in Sociomedical Sciences at Columbia because studying social factors in health, with a particular focus on socio-health inequities, will prepare me to address these inequities. The interdisciplinary approach of the program appeals to me greatly as I believe interdisciplinary approaches are the most effective way to develop meaningful solutions to complex problems.

In this paragraph I make a neat and clear transition from discussing what sparked my interest in public health and health equity to what I am interested in about Columbia specifically: the interdisciplinary focus of the program, and how that focus will prepare me to solve complex health problems. This paragraph also serves as a good pivot point to start discussing my academic and professional background.

Paragraph Four: My undergraduate education has prepared me well for my chosen career. Understanding the underlying structure of a group’s culture is essential to successfully communicating with the group. In studying folklore and mythology, I’ve learned how to parse the unspoken structures of folk groups, and how those structures can be used to build bridges of understanding. For example, in a culture where most illnesses are believed to be caused by witchcraft, as is the case for the Zande people of central Africa, any successful health intervention or education program would of necessity take into account their very real belief in witchcraft.

In this paragraph, I link my undergraduate education and the skills I learned there to public health. The (very brief) analysis of tailoring health interventions to the Zande is a good way to show insight and show off the competencies I would bring to the program.

Paragraph Five: I now work in the healthcare industry for one of the largest providers of health benefits in the world. In addition to reigniting my passion for data and quantitative analytics, working for this company has immersed me in the business side of healthcare, a critical component of public health.

This brief paragraph highlights my relevant work experience in the healthcare industry. It also allows me to mention my work with data and quantitative analytics, which isn’t necessarily obvious from my academic background, which was primarily based in the social sciences.

Paragraph Six: I intend to pursue a PhD in order to become an expert in how social factors affect health, particularly as related to gender and sexuality. I intend to pursue a certificate in Sexuality, Sexual Health, and Reproduction. Working together with other experts to create effective interventions across cultures and societies, I want to help transform health landscapes both in America and abroad.

This final paragraph is about my future plans and intentions. Unfortunately, it’s a little disjointed, primarily because I discuss goals of pursuing a PhD before I talk about what certificate I want to pursue within the MPH program! Switching those two sentences and discussing my certificate goals within the MPH and then mentioning my PhD plans would make a lot more sense.

I also start two sentences in a row with “I intend,” which is repetitive.

The final sentence is a little bit generic; I might tailor it to specifically discuss a gender and sexual health issue, since that is the primary area of interest I’ve identified.

This was a successful personal statement; I got into (and attended!) the program. It has strong examples, clear organization, and outlines what interests me about the program (its interdisciplinary focus) and what competencies I would bring (a background in cultural analysis and experience with the business side of healthcare). However, a few slight tweaks would elevate this statement to the next level.

Graduate School Personal Statement Examples You Can Find Online

So you need more samples for your personal statement for graduate school? Examples are everywhere on the internet, but they aren’t all of equal quality.

Most of examples are posted as part of writing guides published online by educational institutions. We’ve rounded up some of the best ones here if you are looking for more personal statement examples for graduate school.

Penn State Personal Statement Examples for Graduate School

This selection of ten short personal statements for graduate school and fellowship programs offers an interesting mix of approaches. Some focus more on personal adversity while others focus more closely on professional work within the field.

The writing in some of these statements is a little dry, and most deploy at least a few cliches. However, these are generally strong, serviceable statements that communicate clearly why the student is interested in the field, their skills and competencies, and what about the specific program appeals to them.

Cal State Sample Graduate School Personal Statements

These are good examples of personal statements for graduate school where students deploy lots of very vivid imagery and illustrative anecdotes of life experiences. There are also helpful comments about what works in each of these essays.

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However, all of these statements are definitely pushing the boundaries of acceptable length, as all are above 1000 and one is almost 1500 words! Many programs limit you to 500 words; if you don’t have a limit, you should try to keep it to two single-spaced pages at most (which is about 1000 words).

University of Chicago Personal Statement for Graduate School Examples

These examples of successful essays to the University of Chicago law school cover a wide range of life experiences and topics. The writing in all is very vivid, and all communicate clear messages about the students’ strengths and competencies.

Note, however, that these are all essays that specifically worked for University of Chicago law school. That does not mean that they would work everywhere. In fact, one major thing to note is that many of these responses, while well-written and vivid, barely address the students’ interest in law school at all! This is something that might not work well for most graduate programs.

Wheaton College Personal Statement for Graduate School Sample 10

This successful essay for law school from a Wheaton College undergraduate does a great job tracking the student’s interest in the law in a compelling and personal way. Wheaton offers other graduate school personal statement examples, but this one offers the most persuasive case for the students’ competencies. The student accomplishes this by using clear, well-elaborated examples, showing strong and vivid writing, and highlighting positive qualities like an interest in justice and empathy without seeming grandiose or out of touch.

Wheaton College Personal Statement for Graduate School Sample 1

Based on the background information provided at the bottom of the essay, this essay was apparently successful for this applicant. However, I’ve actually included this essay because it demonstrates an extremely risky approach. While this personal statement is strikingly written and the story is very memorable, it could definitely communicate the wrong message to some admissions committees. The student’s decision not to report the drill sergeant may read incredibly poorly to some admissions committees. They may wonder if the student’s failure to report the sergeant’s violence will ultimately expose more soldiers-in-training to the same kinds of abuses. This incident perhaps reads especially poorly in light of the fact that the military has such a notable problem with violence against women being covered up and otherwise mishandled

It’s actually hard to get a complete picture of the student’s true motivations from this essay, and what we have might raise real questions about the student’s character to some admissions committees. This student took a risk and it paid off, but it could have just as easily backfired spectacularly.

Key Takeaways: Graduate School Personal Statement Examples

In this guide, we discussed why you need a personal statement and how it differs from a statement of purpose. (It’s more personal!)

We also discussed what you’ll find in a strong sample personal statement for graduate school:

• A clear narrative about the applicant and why they are qualified for graduate study.
• Specific examples to support that narrative.
• Compelling reasons why the applicant and the program are a good fit for each other.
• Strong writing, including clear organization and error-free, cliche-free language.
• Appropriate boundaries—sharing without over-sharing.

Then, we provided three strong graduate school personal statement examples for different fields, along with analysis. We did a deep-dive on the third statement.

Finally, we provided a list of other sample grad school personal statements online.

What’s Next?

Want more advice on writing a personal statement ? See our guide.

Writing a graduate school statement of purpose? See our statement of purpose samples  and a nine-step process for writing the best statement of purpose possible .

If you’re writing a graduate school CV or resume, see our how-to guide to writing a CV , a how-to guide to writing a resume , our list of sample resumes and CVs , resume and CV templates , and a special guide for writing resume objectives .

Need stellar graduate school recommendation letters ? See our guide.

See our 29 tips for successfully applying to graduate school .

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Author: Ellen McCammon

Ellen is a public health graduate student and education expert. She has extensive experience mentoring students of all ages to reach their goals and in-depth knowledge on a variety of health topics. View all posts by Ellen McCammon

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Accounting personal statements

On this page you'll find a collection of real personal statements written by students applying to study accounting and related courses at university.

These personal statements are written by real students - don't expect them all to be perfect! But by reading through a few of these samples, you'll be able to get some ideas and inspiration for your own personal statement. 

Accounting personal statement examples

More help with your personal statement.

You can find personal statement examples for other courses by using this subject list, or by returning to our personal statements by subject page.

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How to Write a Personal Statement for Accounting (Best Tips)

It should signify your love for numbers and your passion for business and finance. It should also provide an in-depth look into your personality and evidence that you are qualified for this course. This article will show you how to write a captivating personal statement for accounting school in the simplest yet most substantial form.

What is a Personal Statement?

What to include in your personal statement.

A personal statement is not a lengthy essay to be filled with your life story and fancy goals. It must be a concise, realistic, and compelling justification of why you’re the most suitable candidate to be granted admission.

Include these in your personal statement:

According to James Seymour, Director of Marketing and Student Recruitment at the University of Gloucestershire , universities do not want a beautifully written essay with tens of achievements but a realistic picture of a candidate with all efforts, traits, goals, and hardships that shaped him for an accounting major.

How to Write a Personal Statement for Accounting (Step-by-Step Guide)

1. do your research.

Be very sure about what and where you are applying for and why you are applying for it. Do your research on:

This research will make you confident about your choice and your plans. Reflect the knowledge gained from this research into your statement. Tip: Do thorough research and make notes on the achievements of instructors, industry leaders, and related case studies. This will help you in compiling evidence-based personal statements.

2. Brainstorm and Write

Once you have done enough research and analysis on pursuing an accounting and finance program, the next step is to jot it down. Take a paper and pen, and write whatever comes to your mind regarding the course and your application. Leave the structure and language for now, and think and write whatever comes to your mind. Support your every thought with evidence from the research you did in step#1.

3. Filter it Out

Group sentences into the above sections and then write them in paragraph forms under each section.

4. Arrange and Refine

5. analyze and improve sections, 6. set the flow.

Once the content is completed, the next step is to arrange the paragraphs in a sequence. Read the individual paragraphs and make connections between them. Each new paragraph should be a smooth transition from the previous one. Arrange paragraphs in such a way that it keeps the reader engaged and gradually provides insights about you. Think of it as the art of storytelling . It goes from the introduction to the body of the story to the climax.

7. Proofread

8. peer check, 9. don’t be hasty in submitting it.

Yes, do not submit your personal statement along with your application if the deadline is still far off. Keep the final version with you and read it after a day or two. You will see lots of space for improvement after checking it with a fresh mind. Keep on improving and submit the best version a few days before the closing date. That’s it. We provided you with the best approach to writing a personal statement for an accounting school application. You may end up writing an amazing one if you follow these steps in a sequence. If you are still confused about structuring your accounting and finance personal statement, here is how you can do that.

How to Structure Personal Statement for Accounting and Finance

Making a general structure or outline for your personal statement will make your writing ten times easier and will give it a natural flow. The widely accepted personal statements usually follow the following structure:

Opening Paragraph

Begin your personal statement with an interesting opening paragraph. It is a very crucial part of your essay as it draws the reader in. Mention your interest in accounting and finance and explain what stokes your passion for choosing this course.

Middle Part

You can divide this part into academics and work experience as follows:.

Watch this and learn how to include academics and work experiences in your accounting and finance personal statement.

This part is a personal touch. This is where you can mention the least significant part of your story. Mention your interests, hobbies, and other activities and elaborate on how they help you develop relevant soft skills. Mention books, events, programs, or people by name that you follow. Tip: Even the least significant information must significantly relate to your passion for accounting and finance. For example, you can mention reading books like ‘Rich Dad, and Poor Dad’, listening to TEDx talks, etc. Check out this guide to learn how to talk about hobbies in a personal statement.

Tips for Writing a Great Accounting Personal Statement

Common mistakes:, amazing examples of personal statements.

After reading all the tips and tricks for writing a personal statement for accounting and finance, check out these successful examples that got selected for top-ranked institutes.

Want more examples? Here is a list of the best accounting statements that have been shared by the UCAS admission officer.

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Guide to Better Finance Master’s Personal Statements

Table of Contents

A  Finance master’s personal statement  is an essay crafted by a prospective student applying for a master’s degree. 

The statement’s purpose is to provide insight into the applicant’s personality and how they can contribute to the program. It also demonstrates their experience and expertise in the field. 

Applicants should tailor their personal statements to each specific university and their unique requirements. This will help make it stand out from those of other applicants.

The Importance of a Personal Statement

Personal statements aren’t redundant. While applications and resumes already enumerate an applicant’s qualifications, the main advantage derived from personal statements lies in compelling exposition. 

The exposition of your qualifications matters significantly. It can influence the impression you establish on readers. Moreover, it allows you to highlight specific skills and experiences to paint yourself as a prime candidate.

Personal statements are also a way to demonstrate a genuine dedication to mastering the subject or course . 

The best thing about personal statements is that they are reasonably straightforward despite their value. The following section provides a few tips for crafting effective personal statements.

Tips for Writing a Finance Masters Personal Statement

Highlight Your Finance Accomplishments and Knowledge

Explain how your experience has given you a unique perspective on the subject. Showcase your achievements and competencies, such as internships or volunteer work related to Finance. These will show your passion for the industry and your dedication to learning. 

Reference Research Experience

Referencing any related studies you’ve conducted or written about demonstrates your industry exposure. This will show that you are equipped to succeed in an advanced program and shows your hunger for knowledge. 

Use Concrete Examples

Concrete examples are valuable because they are a reliable basis for your general performance. Include a few to support any skills, characteristics, and values you claim to possess. 

Add an Opportunity Statement

Explain how a Finance Master’s degree can benefit your career, business, or academic life. Show your readers the allure that led you to pursue a Finance Master’s degree in the first place. This is valuable information because it gives admissions board representatives and recruiters a glimpse into your motivations.

Write With Clarity and Structure

To craft a clear, structured statement, you must use active language, well-rounded sentences, appropriate transition words, and utilize common English idioms when applicable. Avoid sounding overly robotic or overusing technical jargon. Let your personality shine through while demonstrating your mastery of the material.

This ensures you deliver a clear message and keeps your reader invested in your personal statement from the first sentence to the last.

If you’re still struggling with writing a  Finance Masters personal statement , don’t fret. Here are a few examples you can gain inspiration from.

Sample Finance Masters Personal Statement

I am an experienced professional with a decade of experience in the financial industry. I have always been passionate about pursuing further education to ensure I stay at the highest level of the market. Last year, I pursued a Masters’s degree in Financial Management (M.Sc.) from an internationally renowned school. 

I wanted to gain a better understanding of this area and expand my knowledge of economics and accounting principles. This will help me develop greater capability in dealing with processes in the ever-changing global environment. 

By taking up this degree, I will also have the opportunity to sharpen my skills through various job roles. I will also gain access to professionals who can provide real-world insight into the area. 

Moreover, My ability to apply within any business setting sets me apart from the rest of the market. I have a strong service orientation and focus on developing innovative solutions. These are qualities that are essential to excel within the management sector. After completing my M.Sc., I would be more than ready to take on future challenges and deliver excellent results.

I come from an international background and have been immersed in investment banking for the past six years. My work experience and Business undergraduate degree create a solid financial knowledge foundation. I want to build upon this foundation, so I seek an MSc in Finance. I recognize the need for more formal training to reach my long-term goals in the finance sector. 

Through my experiences, I believe I understand the challenges faced in working within the global banking system. I have become adept at anticipating and dealing with potential problems as they arise. My current role requires that I be able to analyze different markets and predict outcomes accurately. I feel confident doing this after having undertaken significant research in this area. 

Additionally, I manage portfolios and negotiate deals between clients and other businesses, a task further enhanced by my fluency in English and Spanish. 

I relish the opportunity to further develop my understanding of Finance through a Master’s program. It will allow me to explore new topics like derivatives trading and financial engineering. I also look forward to pushing myself academically and developing professional connections. These networks could be vital when it comes time to pursue my career aspirations. 

This course offers me the chance to gain the skills needed to do precisely that. Pursuing an MSc in Finance is the right decision for me.

I believe my qualifications in Financial Economics and varied work and activity exposure make me an ideal candidate for a Master’s Degree in Finance. During my time at school, I learned the fundamentals of business finance and economics as well. I build on this by reading content from some of the world’s leading financial institutions. 

My success in these areas allowed me to skip a grade, giving me more time to pursue extra-curricular activities. I worked with a small company in India that specializes in financial consulting. This hands-on experience gave me great insight into corporate Finance’s complexities. It also helped me develop good communication skills and sharp problem-solving abilities. 

I am excited to use my knowledge, expertise, and experiences to advance my understanding of the financial industry further. As a student, I will be committed to maximizing my potential by taking advantage of every opportunity the university offers. By working hard and combining real-life examples with classroom learning, I aim to establish myself as an engaged and capable student. Upon graduation, I can become a valuable asset to any financial organization or institution.

Personal statements are vital to Master’s applications and other selective ventures because they express your best qualities . Mastering the art of crafting compelling personal statements will help you go far in your academic and professional experiences. Make sure to apply our tips to maximize your chances of success. Good luck!

Abir Ghenaiet

Abir is a data analyst and researcher. Among her interests are artificial intelligence, machine learning, and natural language processing. As a humanitarian and educator, she actively supports women in tech and promotes diversity.

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PS - MSc Accounting and Finance [Advanced Diploma Route]

• Sample personal statement

07 July, 2022

Ps - msc accounting and finance [advanced diploma route] share.

• 12 May, 2013

I am willing to study the MSc Accounting and Finance [Advanced Diploma Route] programme at BPP University. The course is ideal for starting a successful career through invaluable insights and practical knowledge which will be playing a vital role to achieve my future career goal.

After completing my HSC & SSC in Science group, I completed my Bachelor of Arts and Masters in Da’wah and Islamic Studies. During my school days, I had taken part in debates, speeches, and sports competitions. I am able to understand procedures and instructions and to be able to think critically and logically. Right now, I am working as an Assistant Teacher at Sylhet Cambrian School and College. Here, I learned how to communicate with people. I first have the idea of earning a higher qualification in Accounting and Finance when one of my friends told me about what he does in his role as finance manager of an international company; he inspired me to look deeper into the field and that was where my interest in accounting and finance was first rooted. The MSc Accounting and Finance [Advanced Diploma Route] programme will earn me a Master’s degree and the status of being ACCA exam qualified, which is one of the key requirements to becoming an Affiliate member of ACCA. I think this MSc Accounting and Finance [Advanced Diploma Route] programme at BPP University is the right choice for me to achieve my career goal.

I have researched that the length of this MSc programme is thirty months with seven terms. The Advanced Diploma in Accounting & Finance (ADAF) requires 9 ACCA papers to be completed in year 1. These modules include Accountant in Business, Management Accounting, Financial Accounting, Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, Financial Management. The modules includes in MSc Accounting and Finance are Strategic Business Leader, Strategic Business Reporting, Business Project, Principles of Data Science for Business, Advanced Financial Management, Advanced Performance Management, Advanced Taxation, Advanced Audit and Assurance, Digital Leadership, and Business Project (from term 2). This course will develop critical understanding on key concepts of main accounting and analytical skills to design solution for problems in business arena. Earlier I studied Mathematics, Research Methodology, Advanced English, Bangladesh Economics which will help me to understand and complete this MSc Accounting and Finance [Advanced Diploma Route] programme. After completing this MSc degree, I aim to develop my career as a Financial Analyst or Chief Accountant in an international firm in my home country.

UK is one of the world’s leading destinations for international students. So that I prefer to studying the UK instead of studying in my home or another country. UK Education provides the latest academic knowledge, practical tools, techniques, applied knowledge, practical approach in learning. In Bangladesh degrees do not maintain international standard and have not got international accreditations. Also, learning materials are not adjusted with latest developments. On the other hand, UK prepares their students with soft skills. In my home country tuition is provided to get students to pass the course, no ‘soft skills’ given. But in the UK, students are developed personally, academically and professionally and become career-ready. The tuition fees and living costs are high in many cities that does not provide proper living standard for international students. UK course duration is shorter than other countries and Course fees, living costs are less when compared to other countries. My home countries’ organizational structures are mainly developed similar to UKs. Therefore, employers are more comfortable with UK graduates. So I think earning a UK degree will valuable for my career.

BPP University known as University for the Professions, also dedicated to preparing students for a professional career with a strong commercial approach. The university is a UK degree- awarding body with four schools. The University won ‘’the best higher education provider in the UK and largest education provider in Europe award 2013’’ (Education Investor Award). BPP University has over 40 years’ experience in educating accounting professionals. The University works with 6 of the 9 major UK banks; 8 of the top 10 professional services firms. Professionals from 90% FTSE 100 companies take training from BPP. Tutors are most of who have real-world practitioner experience and ensure students have the practical skills and academic knowledge needed for success. The ACCA approved learning materials will give access to the best resources students need to achieve exam success. BPP provides a diverse and multicultural study environment with students from over 100 countries. I want to grab the opportunity to study my chosen course at the University like BPP.

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What to include in a Personal Statement

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Personal statement example accounting and finance personal statement.

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Accounting and Finance Personal Statement

Accounting is a necessary activity within everyday life, without which businesses would not be able to function. Management Accounting is the core operation of any successful enterprise. My interest began when I started a business at the age of fifteen buying and selling goods at a profit. I learnt to manage my profit by investing in goods with high customer interest and low costs. This made me realise the importance of money in society and promoted my desire to explore this subject further at university.

Mathematics has always been my strongest and favourite subject during my academic life and I believe my well-developed numeracy skills will help me advance in this course. By also studying Chemistry at A-level, I have developed my analytical and critical skills. I was able to put these skills to the test by participating in the United Kingdom Mathematics Trust Challenge three times and I look forward to tackling even more demanding challenges during the degree course. Economics A-level has allowed me to expand my knowledge on the basics of the economy and the high demands of consumers. I have independently developed a clearer understanding of the world of finance ; reading 'The Money Machine' expanded my perspective of the financial system in the City, making me aware of the importance of interest rates to a business and the influence on revenue.

I gained valuable insights into the world of finance by completing my work experience at accounting firms within the North West, where I was asked to complete annual reports for local businesses to assess their profits. During work experience at SL Accountancy Solutions I was surrounded by colleagues who spoke Mandarin to their clients. I found I was able to adapt to a foreign language environment and managed to communicate effectively with Mandarin-speaking clients through phone calls. Working among people who have the same interests as me and listening to their experiences made me even more determined to study Accounting and Finance at University level.

With the increasing interaction of global companies, understanding different cultures and languages is becoming a vitally important aspect of modern business. Through speaking fluent Cantonese and having lived in Hong Kong for 8 years, I can fully appreciate the variety of cultures within an industry and hope to utilise this valuable skill by working in an international corporation in the future. For the past three years I have volunteered at Barnardo's, dedicating several hours a week to helping my local community.

Working part-time as a sales associate at Hollister, alongside my studies, has advanced my abilities to interact with customers in a friendly manner and enabled me to manage my time wisely. I have taken on roles of responsibility in school such as being elected as form captain, which enhanced my organisational skills. Taking part in the Young Enterprise Scheme in the role of financial director allowed me to showcase my numerical and logical skills. I was able to present the accounts of the company and dictate where the costs were allocated. I enjoyed this role as it gave me a sense of control over the business. I worked in a team with fellow students in order to devise a business strategy to sell and advertise our handmade products. When the Managing Director left our group, I felt it was my duty to take charge and organise our company. This shows that I can adapt my role under different circumstances.

I was also selected by teachers as peer mentor for the new Year 7 students, helping them make the transition into secondary school, highlighting my ability to work with people of different ages. Being a fully committed and dedicated student I will persist until my ultimate goal is achieved. I am firmly convinced that my career lies in the field of accounting and finance and by following this degree course I will build a crucial foundation for my future.

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Best Online Master’s in Accounting Programs for 2024

Accounting is an essential component of any business today, and an online master’s degree program in accounting could ready graduates for CPA licensure or unlock job opportunities for those accountants seeking to boost their careers. To help guide people seeking a flexible way to obtain this graduate degree, Fortune is launching its ranking of the 11 best online master’s degree programs in accounting. This ranking was last updated April 2023.

Be Confidently Prepared for the CPA

1. University of Texas–Dallas

• ACCEPTANCE RATE
• CREDITS REQUIRED TO GRADUATE

2. University of North Carolina–Chapel Hill

• $52,069–$69,425

3. University of Massachusetts–Amherst

Maryville University Master of Science in Accounting | Online

4. SUNY Polytechnic Institute

5. Northern Illinois University

6. north carolina state university.

7. Syracuse University

8. Keiser University

9. University of Scranton

10. ohio university.

11. Colorado State University–Global Campus

Frequently asked questions

How long it takes to complete an online master’s in accounting (MAcc) degree will depend on your flexibility and scheduling. Part-time programs will require more time for completion, whereas full-time options may allow students to finish the program in as little as a year. Purdue University’s online program can be completed in 1.5 years at full-time status and Auburn University’s program can be finished in as few as three semesters. Most MAcc programs require at least 30 credit hours to fulfill the required 150 hours needed to sit for the CPA exam, which can take between 12 to 24 months to complete. 

Online master’s in accounting programs can vary in cost depending on the school, the total number of required credit hours, and a student’s residency status as in-state or out-of-state. For example, the MAcc program at Ohio University is $973 per credit, with a total estimated tuition cost of $29,190. Meanwhile, SUNY Polytechnic Institute’s cost per credit is $565 . Among the schools on Fortune’s ranking, tuitions range from as low as $15,000 to as high as nearly $70,000.

The average annual salary for accountants and auditors is $77,250, according to the U.S. Bureau of Labor Statistics . A MAcc degree, often utilized to help obtain a CPA licensure, can expand job prospects and increase potential salaries. Those people who hold a MAcc degree are more likely to be promoted to senior manager and partner positions . People who hold a CPA, and who may have completed a master’s degree in accounting, are often able to enter C-suite roles, where salaries are well into the six figures.  

There are many factors to consider when deciding whether a master’s degree in accounting is worthwhile. Completing a MAcc degree can open to the door to more job opportunities at higher salaries, especially when coupled with a CPA licensure. Some individuals choose to pursue a master’s degree in accounting in order to complete the necessary CPA exam hour requirements, while others are looking to build out their skillset in both accounting and other business related capacities. 

The certified public accountant (CPA) licensure and a master’s degree in accounting are different—though often closely related. Master’s in accounting programs are often a means for graduates to obtain the necessary hours required to sit for the CPA exam.  CPA hours can still be obtained without a degree program, and it is possible to obtain a CPA license without a master’s degree in accounting, though many individuals with a CPA also have a MAcc. However, MAcc programs can provide helpful insight, skills, and knowledge that may benefit a CPA test taker, and programs often have much higher CPA exam pass rates. Individuals with a CPA or MAcc (or both) are more likely to obtain higher paying jobs an advanced to senior management or partner positions than those without either qualification. One is not necessarily “better” than the other, as they both can boost salaries and opportunities, and they are closely tied.

How to Write a Personal Statement for a Counseling Master’s

Need to write a personal statement for your counseling graduate school application? This guide will help you craft a standout statement by focusing on your unique experiences and aligning them with your program.

Key takeaways

• A compelling personal statement for a counseling master’s program should narrate personal characteristics, career aspirations, and potential contributions, connecting with the admissions committee beyond academic achievements.
• The personal statement should follow a clear narrative and provide specific examples from academic, professional and extracurricular experiences to demonstrate your readiness for the program, while demonstrating fit by aligning personal values and goals with the program’s unique offerings.
• Start early, stay organized, and maintain a professional tone while writing your personal statement; address any weaknesses thoughtfully and avoid common mistakes such as clichés, excessive praise, or misuse of buzzwords.

Understanding the personal statement

The personal statement is your chance to give admissions officers a clear picture of who you are beyond the grades and jobs listed in your transcripts and resume. It’s a narrative essay that details your personality, career aspirations , and potential contributions to the field of mental health counseling. Crafting compelling personal statements is crucial to making a lasting impression on the admissions team. Think of a personal statement as the thing that transforms you from a collection of data points to a memorable portrait for those reviewing your graduate school application.

Key questions to consider before you begin

As you begin the writing process, make some notes of your past experiences. Here are some prompts to help you brainstorm the contents of your essay:

• What life events made you into the resilient, determined individual you are today?
• How have experiences in your academic background prepared you for grad school?
• Have your career goals changed from what they were during your undergraduate education? Why?
• Has a family member inspired you to take this path, either through their career or personal experiences?
• Can you pinpoint the spark that ignited your passion for counseling, the moment when you realized that it could be your future career?

As you piece together your narrative, consider how these experiences align with your academic and career goals, as well as the broader impact you envision making through your work.

Essential components of a successful personal statement

Perhaps the most intimidating thing about a graduate school personal statement is knowing that you have a lot to communicate in a relatively short essay. You need to thread your personal background with your aspirations, using examples that encapsulate your commitment, and demonstrating a clear fit for the counseling program you’re aiming to join. But if you make an outline and list all the things you want to mention, you can be sure to properly accentuate your unique strengths and also paint a vivid picture of your potential success.

Crafting a clear narrative

Keep in mind that your narrative is not a full autobiography but a focused reflection of your resilience and empathy and the other corners of your life that have informed your desire to support others as a counselor. Share those poignant moments and insights that underscore your drive and passion for helping other people, and ensure that your narrative communicates not just a series of events, but the values and strengths you bring to the program. Don't forget that the personal essay also provides an opportunity to explain any discrepancies you think might come across in your other application materials such as poor grades or professional experiences in an unrelated field.

Using specific examples

Each assertion about yourself should be backed by solid examples. Specific examples, whether they are from your academic, professional, or recreational experiences, provide the evidence that substantiates your suitability for the graduate program.

Perhaps you’ve delved into personal research on mental health initiatives, or you’ve dedicated time to volunteer work that’s enriched your understanding of community needs. These anecdotes are the good examples that will allow the admissions committee to see beyond your transcripts and test scores, into the heart of your commitment and potential.

Demonstrating program fit

Demonstrating fit with the graduate program requires an understanding of the program’s strengths and a clear articulation of how its offerings align with your career aspirations.

For instance, if you’re drawn to Oklahoma City University’s commitment to social justice within their counseling program , mention how your values and experiences resonate with this ethos. Discussing aspects of a particular program that align with your future plans can distinguish you as a worthwhile applicant, genuinely interested in the unique offerings of the program. Most graduate programs will have full curriculums and faculty listed online. Make note of courses that sound exciting , faculty members who are conducting research projects you're interested in, and program outcome statements that align with your career goals, and find a way to mention them in your statement. By highlighting these specific elements, you show that you have done your research and are genuinely interested in the program.

Key tips for writing a personal statement

As you work on your grad school essay, remember these crucial pointers:

Start early and stay organized

Don't underestimate the time it will take you to write your best personal statement. Take the time to brainstorm, self-reflect, and polish your narrative until it shines with clarity and purpose.

Organization is your compass in this process, helping you navigate deadlines, requirements, and revisions with ease. Keep a keen eye on the specifics, such as word counts, spelling of university names, and formatting, ensuring that your personal statement not only meets expectations but exceeds them.

Addressing weaknesses thoughtfully

While your accomplishments will shine in your personal statement, don’t hesitate to acknowledge the challenges that have intermittently clouded them. Addressing weaknesses such as a low GPA or a challenging phase in your academic journey can actually highlight your resilience and capability for growth.

However, tread thoughtfully. Reflect on whether the personal statement is the right place to discuss these issues, and if so, ensure that the narrative emphasizes your positive qualities and the lessons learned, rather than dwelling on the negatives.

Maintaining a professional tone

A personal statement marred by grammatical errors or colloquialisms can weaken the impression you’re trying to make. Be genuine, be yourself, but remember the context. This document is a professional communication with the admissions committee, and as such, it should reflect the seriousness with which you approach this opportunity. While tools like ChatGPT could help you create an outline or can perform a grammar check on your application, avoid using it to actually write. The best personal statements resonate from their authenticity. Additionally, many graduate programs have tools they use to scan for the use of such technology and may count it against you.

Common mistakes to avoid

Beware of starting with clichés or ending with banalities—your opening and closing lines should be as impactful as the core of your statement. Avoid excessive praise of the field, focusing only on academic achievements, and misusing buzzwords. These common missteps can dilute the authenticity of your narrative and leave the admissions committee underwhelmed. Remember, admissions committees are reading hundreds of personal statements, make yours stand out.

Get help writing your personal statement for Oklahoma City University

For those aiming to be part of Oklahoma City University’s online M.Ed. in Clinical Mental Health Counseling program, rest assured that guidance is available throughout this process. Admissions outreach advisors are at your disposal, ready to guide you through every step of crafting a personal statement that resonates with the program’s ethos and expectations.

Schedule a call to tap into the wealth of knowledge and support that OCU offers. From writing your personal statement, to putting together your letters of recommendation , to preparing for your interview , their expertise can be the beacon that illuminates your path to a successful graduate school application.

Return to Clinical Mental Health Counseling

Complete the form below before proceeding to the application portal.

Oklahoma City University has engaged Everspring , a leading provider of education and technology services, to support select aspects of program delivery.

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Management & accounting personal statement example (postgraduate).

I have decided to apply to Msc Accounting and Management because I want to do career in this field and I am pretty sure that this program will equip me with lot of tools and skills required to do so.

In addition, through this program I will have the chance to sink into the world of economy and profit of the high demand that is there currently for management and accounting graduates in the jobs market.

On top of this, I have always been fascinated by how Accountancy and management can collaborate to lead a business to success or failure.

Furthermore, it is the ability we gain to guide and help customers become more profitable hopefully that even attract me more. By the same token, I always get excited when I solve an accounting problem or successfully balance an account.

As far as my personal experiences are concerned, they led to me have patience, self-emotion control as well as realize the importance of listening, respecting the opinions of others and the significance of being versatile.

Being an independent person, I believe that my strongest strengths are the abilities to work under a deadline pressure and deliver the expected results quickly, accurately and be self-motivated with the saying “if you give once it will be a habit, give up should not an option don’t give up” from Michael Jordan in head.

In problem-solving situation, I have a tireless eye for details and analyze the problem through several techniques before making any important decision. Skills, I think are necessary to make career in both fields of management and accounting.

At college, I did a project work in the last year of my degree program entitled “Working capital management at HMT (INDIA)”.The help of the company’s financial officer in collecting and analyzing data gave me more insights of accountancy and others numerous aspects of accounting.

For the first time, I was in a real accountancy practical situation and even though my theory knowledge did help me, I realized that if I want to do career in this field, a deeper knowledge and strengthening skills are unconditional.

This project was a catalyst in the decision of taking my knowledge of accountancy to the next level and follows a career in this domain. More it helps me develop skills like group works, collaboration and how to receive critics from part of others.

Also recently, I had an intern for an Immigration company called Mercan Capital Limited in India which provided me with in-depth understanding of management uses and its principles.

My responsibilities were to teach French, advice and guide workers wishing to settle in Quebec. During this internship I developed skills in motivating, advising people and also it has also improved my communications skills and sense of planning and organizing.

My passion for management and accounting is unconditional and I always have a keen interest in knowing what is happening in the business environment as a whole. I believe that my personal attributes, academic achievements and relevant work experience make me a suitable candidate for the course.

Another significant factor is that, I am a highly sociable person full of interpersonal skills, open-minded, always happy to meet new persons and who strictly respect the set rules and regulations.

More I am person who is always ready or on a go to participate to take part of students and community events, as I believe through that way I can contribute in my way in creating and promoting a healthy and better student environment.

Overall, I see myself as am a set goals achieved-driven person, full of commitment, hardworking and who can turn difficult challenges into a source of opportunities and gain personal profit from them.

Enrolling on the university degree of management and accounting is just the beginning for me, I aspire to achieve more in years to come starting with becoming senior manager or manager and accountant in a corporate and on long term establish my own business corporation.

Undoubtedly, if I get admitted at your university I will prove myself as a dedicated, role model student who will make a every work and teaching session counts and will extensively take part of them in order to obtain the maximum knowledge from them.

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This personal statement was written by dosso for application in 2013.

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I need your help on letter for master in management and accounting

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How to Use ChatGPT to Analyze Financial Statements

AI tools like ChatGPT can be used to streamline financial statement analysis and other client accounting service tasks. Here’s an example of what it can do with an income statement.

Sandi Smith Leyva

Jun. 18, 2024

By Sandi Smith Leyva.

An important reminder is that your data needs to be anonymized before entering it into any generative AI application. This means stripping out the company name and any other identifying information. You may also want to get your client’s permission in writing.

If you have the paid version of ChatGPT or Microsoft Copilot, you can upload the file along with your prompt. If not, you can copy and paste the data as part of your prompt. Here’s a sample prompt to enter into ChatGPT:

This is the 2023 income statement for a landscaping company. How healthy are they financial speaking? What would you recommend?

Anonymous Landscape Company

Here is ChatGPT’s answer:

Based on the provided income statement, the landscaping company seems to be facing significant financial challenges. Here’s a breakdown:

• Revenue : The company generated a total revenue of $300,000, with $120,000 from individual clients and $180,000 from organizations. While the revenue is decent, it appears insufficient to cover the expenses.
• Salaries: Total salaries amount to $375,000, which is a substantial portion of the expenses.
• Equipment and Maintenance, Supplies, Fuel and Transportation, Marketing and Advertising, Utilities, Rent, Insurance, Professional Fees, Taxes, and Miscellaneous: These expenses also contribute to the overall cost of operations.
• Net Income : With expenses surpassing revenue, the company incurred a net loss of -$244,000. This indicates financial distress and an unsustainable business model in its current form.

Recommendations:

• Review Expenses : Conduct a thorough review of all expenses to identify areas where costs can be reduced or optimized. This could involve renegotiating contracts, finding more cost-effective suppliers, or improving operational efficiency.
• Increase Revenue : Explore opportunities to increase revenue streams. This could involve expanding services, targeting higher-paying clients, or diversifying into related areas such as property maintenance or landscaping design.
• Budgeting and Financial Planning : Implement a robust budgeting and financial planning process to ensure better control over expenses and revenue projections. This can help in forecasting cash flow and making informed decisions.
• Employee Productivity : Assess the productivity and efficiency of employees to ensure that salary expenses are justified by the value they bring to the company. Consider training programs to enhance skills and productivity.
• Debt Management : If the company has debts, consider restructuring or refinancing options to alleviate financial pressure and improve cash flow.
• Marketing Strategy : Review the effectiveness of the current marketing and advertising efforts. Invest in strategies that yield the highest return on investment and focus on targeting the most profitable market segments.
• Seek Professional Advice : Consider consulting with financial advisors or business consultants who specialize in the landscaping industry. They can provide tailored recommendations and strategies based on the company’s specific circumstances.

By implementing these recommendations, the landscaping company can work towards improving its financial health and sustainability in the long run.

This is Gemini Advanced’s answer:

Here’s a breakdown of the landscaping company’s financial health based on the 2023 income statement, along with key recommendations:

Overall Health:

• Significantly Unprofitable: The company has a net loss (negative net income) of $244,000, indicating they’re spending far more than they’re earning. This is not sustainable in the long term.

Problem Areas:

• Labor Costs: Salaries represent a huge percentage of expenses. Salaries alone exceed total revenue. This suggests the company may be overstaffed or paying above-market rates.
• Revenue: Overall revenue seems low for a landscaping company with this level of payroll and expenses. It’s possible they’re underpricing their services.
• Operating Expenses: While equipment, supplies, etc. are typically necessary for a landscaping business, these costs might still be optimizable.
• Immediate Cost Cutting:
• Reduce Staff: This is a hard choice, but the company likely needs to lay off employees or reduce salaries and hours to bring labor costs in line with revenue.
• Renegotiate Leases: See if lower rent on facilities is possible.
• Trim Supplies/Equipment: Analyze what is truly essential and find ways to reduce these expenses if possible.
• Increase Revenue:
• Raise Prices: Analyze the market and determine if prices are competitive. Consider a price increase if feasible.
• Expansion: Can they take on larger commercial projects? Offer additional services? These options carry added costs but could generate substantially more income.
• Improved Marketing: Current marketing spend seems low. More effective marketing could increase leads and revenue, but it requires a well-crafted strategy.
• Seek Professional Help:
• Accountant: Get a detailed financial analysis to identify other possible cost saving opportunities.
• Business Consultant: A landscaping-industry specific consultant could help streamline operations and find ways to boost revenue.

Important Considerations

• Debt: Does the company have any debt (loans, etc.)? This adds another financial burden to consider.
• Market Conditions: Is there a downturn in the local landscaping market? This makes addressing these issues even more urgent.
• Owner’s Goals: Does the owner want to grow the business aggressively? Are they nearing retirement? Goals heavily influence the best course of action.

Disclaimer: This is a general assessment. A deeper financial analysis is essential for making specific, impactful decisions.

Remember, all answers need to be checked for accuracy by an expert.

A Draft for Your Client Report

As you can see, both AIs suggested competent recommendations for this client. With either of these answers, you have a draft you can use to start your report for the client. The time savings are not huge, maybe 15 minutes, but they are there. If you hate writing, there is an additional benefit to having ChatGPT help you get started. 

Required Disclosures

OpenAI’s terms of service require that you disclose to the client your use of ChatGPT in your report. Be sure to read their fine print so that you’re in compliance.

Three Golden Rules of Generative AI

Remember when using any public-facing generative AI, you should never enter any private client data. Second, any output you use should always be checked by an expert. Last, make sure you understand the full terms of service, privacy issues, copyright issues, and other legal ramifications of using AI output. 

Getting Started with Financial Analysis and Generative AI

The best way to get started so you can see the possibilities is to use test data until you can become comfortable with the technology.

Using ChatGPT, Copilot, or Gemini for financial analysis can save time and generate ideas you may not have thought of. Our example included a simple income statement but the possibilities go way beyond that. Think about sales analysis, financial ratios, asset management, developing graphs and charts, inventory cost improvement, and so much more.

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Types of graduate scholarships

Where to find graduate school scholarships, tips for applying and winning scholarships, graduate school scholarships: your path to affordable education.

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate student loans to write unbiased product reviews.

• Grad school scholarships provide funds to cover your educational costs. 
• In general, you don't have to repay scholarships or grants after graduation. 
• Start your search for grad school scholarships with your school's financial aid office.

Graduate school can help you take your career ambitions to the next level. But the cost can be very high. That's where grad school scholarships and grants come in. Scholarships and grants don't need to be repaid, which means you can leave school with minimum drag on your post-graduation finances.

Merit-based vs. need-based scholarships

Merit-based scholarships are awarded based on your academic achievements and other achievements. In contrast, need-based scholarships are awarded based on the financial need of the student.

Subject-specific scholarships

Beyond these need-based and merit-based scholarships, you can find specialized scholarships designed for particular fields of study or demographics. For example, you might find a scholarship opportunity based on your prior military experience or your desire to obtain a graduate degree in STEM.

Your university

Before you can snag a scholarship, you'll have to find the opportunity and apply for it . Your school's financial aid office is a good place to start your search because they might have information on school-specific scholarships.

Online scholarship databases

You can also find scholarship opportunities through online search engines, like the U.S. Department of Labor's free tool or Scholarships.com . To locate scholarships specific to you, filter searches by "graduate level" and your field of study.

Professional organizations and employers

Many organizations offer some form of scholarship or tuition reimbursement to students pursuing related careers, or those gaining skills to aid in their existing role.

Grant databases

Grants are another form of funding that you usually don't have to pay back. Below are some of the most popular grants for grad school:

• Federal grants: Some federal grants are available to graduate students, including the TEACH Grant, which is designed to prepare them for teaching at the elementary or secondary school level. After graduation, grant recipients must teach full-time for at least four years in a school that serves low-income students. Skipping the teaching commitment means you'll have to repay the funds. 
• State grants : Many states provide grant opportunities to students. In some cases, these grants are designed to support students pursuing a graduate degree that's relevant to the state's needs. 
• Institutional grants : Many colleges and universities provide grant opportunities to students. You can find out about these opportunities through your school's financial aid office. 
• Private grants: Some organizations and foundations offer grant funding to graduate students. In most cases, you'll need to meet some specific eligibility requirements to apply. 

Tapping into this source of free money for college is a worthwhile option. If you are interested in grant funding, start by filling out the FAFSA (Free Application for Federal Student Aid) to potentially tap into federal grant opportunities. 

In terms of state-level, institutional, and private grants, you'll need to do some research to find grants that might apply to your unique situation. Consider reaching out to your school's financial aid office, they might have more information on grant opportunities you can apply for.

When you find an enticing opportunity, it's important to craft a compelling application. Many scholarships require an essay, which could make or break your chances. 

"Writing essays for a graduate scholarship is not the same as it was for undergraduates," says Ben Ralston, president of Sachs Foundation , an organization that provides scholarship opportunities to Black Coloradans. 

"You are later in your career and can focus less on what you want to do with your education and more about what you have already accomplished," Ralston says. "Get specific in how graduate studies will develop more professional skills to build on previous accomplishments instead of speaking more generally about future goals."

Start early and apply often

It's important to note that the scholarship search process can take quite a bit of time, and once you've identified scholarships to apply for, you'll need time to prepare. Don't be selective with your scholarship applications; The more scholarships you apply to, the better your chances of winning.

Tailor your applications

When applying, personalize your essays and highlight how your experience aligns with the scholarship's mission. Be sure to triple-check your essays, and ensure that you're not referencing a separate scholarship opportunity from the one you're applying for.

Get strong letters of recommendation

Choose recommenders who can speak to your academic abilities and potential. This can be a teacher, employer, coworker, etc.

Grad school scholarship FAQs

Competition for graduate scholarships can be high, but many scholarships are available. Applying to a wide range increases your chances of success.

No, you don't. Scholarships are typically considered gift aid and don't need to be repaid.

While it's uncommon, there are some full-ride scholarships are available, especially for highly competitive programs or exceptional students.

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