数理金融专业PS.

　　When asked why I like Mathematical Finance, I realized that it is all down to my personality. Being a composed, explicit person, I enjoy the challenge of questions with unequivocal answers. My character’s orderly side draws me enthusiastically towards neat solutions; my creativity gives rise to my acceptance of new ideas and my positive mind results in my wish to succeed. All questions have dinite answers; we just need to construct ways of reaching them.

　　Now, I would like to pursue my higher studies for the want of further knowledge in the mathematical finance. Due to the advanced technology and higher standard of education at USA, I would like to apply for [学位名称] Degree in your prestigious University as I would like to be a big-man in the field of Mathematical Finance. I am quite confident of doing exceptionally well in my further studies. I believe that [申请课程] program in申请领域will provide me with a strong background for rapid professional advancement in Department of系名称in 大学名称University which attracts me with its famous faculty resources, advanced research areas, integrity in education and a free academic atmosphere.

　　I believe studying in 大学名称University will prepare me for a more extensive knowledge background, more advanced professional method and more reasonable ways of carrying out research in my future career Mathematics opened my mind to several new areas of algebra, sequences and series, and functions while Mathematical Finance broadened my horizon in fields of financial analysis, entrepreneur finance and micro-economics and others.

　　I keenly welcomed the new techniques and enjoyed all aspects of the course. In addition to retaining a strong interest in computers, my fascination for mathematical finance has grown. My decision to apply for the Mathematical Finance was gradually confirmed with the thirst grew to know more about the forces that could have such a significant impact of people’s day-to-day economic lives.

　　The reason why I am interested in Mathematic Finance also came from one of my uncle’s failure experience in option buying. It is often said that “experience is the best teacher”, but my uncle is a rookie who neglected the exercise issue of option, so he is out of money due to his missing in exercise schedule. My uncle is type of person who plays on a universal to “get something for nothing” and to “get rich quick". From that, I came to realize that a successful trader will always seek to improve the risk-reward characteristics of his position by looking for profit opportunities with the greatest possible margin for error. Since then I began to take notice of the trend in the development of financial products, in fact, the birth of option can be dated back to 1973 while option in this IT era has been a hot focus that attracted attentions.

　　During college, I read a lot of books related to the topics, especially in risks, I also attended some classes; these include Entrepreneur Financing, Exchange Basics and Foreign Exchange Trading. In courses of Entrepreneur Financing, I conducted a presentation upon HONEST TEA, a venture investing company, and I discussed in detail with my teammates about the risk and influence brought by RMB Exchange rate revaluation; in these discussion and analysis, I put what I learned in courses, including Foreign Exchange Fundamentals and Exchange Trading, to practice, and exerted an ficient fect. I am glad to say that other students in my team all major in Finance or MBA, in contact with them, I learned that the risk issue, especially risk avoidance has been a course that attracted my intense attention. The entire area of risk management is an extensive subject. I looked at over dozens of books and seminar notebooks. I learned the risk avoidance approaches and analytical procedures in the field of Mathematical Finance. As for me, the relationship between risk and return seems straight forward. In a process of case analyzing, I discovered that the risk and return move in the same direction, in other words, if one accept a higher risk, it is possible to achieve higher returns. It is amazing that high-risk investments invariably promise a high return.

　　I have also obtained an understanding of what it is like to be amongst a large group of people through working at CAS (China Academy of Science) Risk Financial Risk Management Lab. I particularly benited from my financial analysis experiences at Wuliangye Group, Tsingdao Brewery and GreatWall Wine as they introduced me to many fields, such as Financial Analysis and Forecasting, Risk Avoidance, Trading, accountancy and exchange, and taught me to appreciate the evident need for teamwork.

　　In [时间] , I came to Wei Xianhua, the director of Reuters-Financial Risk Management Lab, at CAS, for the possible of attending his program of Financial Risk Management and Practice course, and then he agreed, and let me to assist him on analysis upon the IPO process of New Oriental Education & Technology Group Inc, from prospectus analysis to its Roadshow. Prior to the analysis, Mr. Wei introduced me a book entitled (Guide to the IPO Value Journey by The Ernst & Young). I used the calculation approaches in this book to conduct a P/E analysis (Price-Earning Ratio analysis) for New Oriental by dividing the company’s stock price by the company’s earning per share, or “EPS”, through calculation, it gives me an indication of how many times the stock buyers are paying for the company’s stock verse the company’s earning. Through analysis and calculation processes, I discovered that a company with a high (or large) P/E ratio is expensive verse a company with a low P/E ratio, since with a high P/E ration a buyer paying a larger multiple verse a company’s earnings.

　　In my opinion, as a would-be undergraduate who want to pursue education in the field of mathematical finance, it is very important to possess a solid knowledge of advanced mathematics, especially in normal differential eguation and matrix algebra. In college, I learned what is reinforcement learning algorithm and its application, I discovered that one of strength with Q-learning is that it is able to compare the expected utility of the available actions without requiring a model of environment. During the process, I also contacted with Stochastic Process, Monte Carlo method and NN (Neural Network), all of which benit me not only in solving practical mathematical problems but also in opening my mind. Through my hardworking, I got excellent 91 points in Optimal Control Theory in end of semester.

　　A bachelor degree in Computer Science (Signal and Information Processing) has given me many transferable skills needed in Mathematical Finance. Worthy of notice is that Research on Reinforcement Learning Methods and Neural Network Algorithm, through which I contacted with much professional knowledge including Random Processes, Monte Carlo Method, and acquired a solid knowledge in the field Neutral Network. I used rreinforcement learning algorithms to find an approach for maximizing cumulative reward over the course of the problem. I am currently investigating a number of regions that appeal to me, which include [目前正在从事的领域活动]. For now, I intend to approach the future positively and have many exciting thoughts. I hope to encounter new opportunities, and rise to the challenge of [申请课程名称] program in your university!

　　Looking back on my academic career, it dinitely taught me how to think for myself and make my own decisions. Success is not simply a matter of luck, I feel that my passion for mathematical finance makes me worthy of a place in your esteemed program, and I look forward to getting involved in both academic and social aspects of your university life.