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  • Essay / Personal Statement: A Career in Finance and Economics

    PERSONAL STATEMENTI always remember the moment when I was excited. The time came when I got 1st place and gold medal in the mathematics competition when I was a little girl in 3rd grade. Since then, I had started to be attracted to mathematics. I couldn't imagine my future without mathematics. This pushed me to become a financial agent. My interest in financial management developed while I was a student at the Institute of Finance and Economics, where accounting was my specialization. My financial management professor, in his classes, emphasized the importance of developing the stock market in Mongolia, a necessary factor for increasing national production. My foreign friend, who knew that I worked in the financial field, asked me for advice on whether to invest in the Mongolian stock market. I could not encourage him to do so because the Mongolian stock market has not yet developed well and it can be risky. Investors and researchers complain about the difficulty of obtaining accurate financial information in Mongolia. The reason is that companies do not publish their financial information according to internationally required standards. On the one hand, many people are ready to invest, and on the other hand, a myriad of people need money to implement their big ideas. What can I do to resolve this issue as a finance manager? That's why I decided to start a financial consulting company that provides financial and portfolio management consulting services. When I was a student, I studied diligently to acquire the necessary knowledge and skills useful for my future career. Personally, I believe that a student should not only study but also contribute to society...... middle of paper ...... market is developing in Mongolia, it will be beneficial for all parties. First, national production would increase thanks to the abundance of financial resources. It is possible for companies to launch an initial public offering and obtain a cheaper source of financing. If financial expenses are lower, products and services can be produced more cheaply. This means that the company could make more profit and the buyers, who are individuals, could buy at a lower price. Second, foreign investors could increase their profits by investing in Mongolia. Mongolia's mining industry is growing rapidly and attracting foreign investors. Third, developed stock markets can provide a bridge between investors and project developers. This can improve the mutual understanding of Mongolia and other countries. Will Mongolia develop or not? It is in the hands of financial agents competent for their profession..