Importance of Managing Finances - Personal Statement Example

The most important lesson that I have learned, since the time I could understand what life was all about, is that managing one’s finances is the key to attaining one’s goals. I have seen my parents struggling to make ends meet and realized that managing finances, whether in a home or a corporate, is the pivot around which the entire wheel turns. My college experience with finance was equally encouraging and led to my first choice of internship in an investment bank. I think what I shall learn in an investment bank, will stand me in good stead in the financial sector of any company that I join as a finance professional, which is my ultimate goal.

I expect that this period will be a great learning experience for me, and will lay the foundation for the future that I see for myself as a finance professional. I think that finance is the core sector of any business because how finances are managed will be the key to whether a business makes a profit and prospers, or makes losses and dwindles. To begin with I shall need to learn the basics of how to use accounting tools, balance budgets and make accurate forecasts, taking into account future trends in markets and economies.

The management of variances in actual and budgeted expenses and revenues will be a challenge that I shall look forward to. I would like to gain an in-depth understanding of how budgeting is done for various products, as well as how strategic goals are shaped and executed, and growth is driven through disciplined and efficient operations. Above all, I shall look forward to learning how processes and policies are put in place in order to drive growth and improve the financial health of the company.

In today’s world of global competition, I shall be particularly interested in learning how finance wizards work with fluctuating currencies, and the techniques they use to manage risks. The meeting and interaction with eminent Chief Financial Officers of various companies will be the icing on the cake. On my part, I shall leave no stone unturned to make my internship as beneficial to the organization as I hope it will be to me.