For the admission of University of California - Personal Statement Example

My main motivation behind this application for admission in your University is my keen interest and experience in the field of Economics /Business major. I have completed third year in the Community College. I feel confident to seek admission in your University as the next step of the ladder of education and as the natural progression of my present academic qualifications. I hail from a business family from China. My father owned a factory and he was a watch manufacturer. He handled his business well and possessed good experience in production and marketing but the economic crisis of the 2007 was beyond the control of any prudent businessman.

With such a severe jolt to the economy of the country he also suffered heavy losses and had to shut down the factory and our family budget was in shambles. Until then father used to manage everything, I did not have an idea as to what the family budget was, and suddenly we were in dire straits. At that juncture, I realized the value of money. As an inquisitive young man I began to do my own research as to why the country’s economy went haywire affecting thousands of families like us and what preventive or remedial measures would be necessary to challenge such a precarious situation.

Each dollar was important, and we learnt how to prune the family budget and how to segregate the luxuries from the necessities. I was still in the high school, and the idea sprouted in my mind that the intricacies of business, the causes for rise and fall in prices and the events that led to the economic crises must be studied with a scientific approach. I broached the subject of economic theories with lots of application and got solution to some of the questions that bothered me. That was the beginning of my interest in the subject of Economics/Business.

My next task was to cement my theory knowledge with real life applications. To gain practicalities of market functioning, I did my internship with an insurance company during the summer holidays in Hong Kong. Besides the experience in dealing with insurance related issues I got an opportunity to study the computer applications, as the working of the insurance company was totally computerized. Insurance companies have developed many types of packages depending on the need of various types of customers.

Mostly, customers are not aware of the differentiation in different policies. Soon I developed expertise in handing insurance customers and completed the documents as per guidelines provided by my Supervisor. Though insurance business involves lots of discussions and convincing with the customers, I conclude that ultimately the issue is that of faith and mutual trust. Once the customers are convinced about the services and the end results of the products offered, they are willing to buy the policies.

This internship completely changed my outlook about the application of technology in office procedures and the enormous advantages the clientele derived out of the same. Business tools and strategies have changed and are continuously on the change with rapid progress that is taking place without intermission in technology. If given an opportunity I will make it a point to make a detailed study of computer and technology applications in the insurance sector and prepare a research paper on the subject.

My father was not much educated in the academic sense of the term, but he was a man of practical wisdom. He often used to say, ‘I study in the college of self-education, where my mind