MBA SOP Sample for Business Administration with Engineering Background

Statement of Purpose

"Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them." This quote by Paul Hawken serves as an inspiration for me to learn and master the art and science of management. I come from a business family and have been witness to the implications of good management to successfully advance the business and achieve goals. My father runs a proprietorship based financial consultancy and is the Managing Director of a not-for-profit school. My mother is the Principal of the aforementioned school and is engaged in its day-to-day management. My father gets a good remuneration through his financial consultancy, and through the school my parents help children, who come from poor families, obtain quality education. Their commendable balanced for-profit and social work equation is worthy of emulation and serves as a major source of my inspiration.

I am proud to say that my academic journey till now has been harmonious and noteworthy. I have consistently performed at the top of my class in every grade. I scored a perfect 10 CGPA in my 10th grade and received a merit certificate from [BOARD_NAME] board for my performance. I chose to study English, Physics, Chemistry, Mathematics and Informatics Practices in 12th grade. Informatics Practices helped me realise my talent and interest in Computer Applications. I proved my proclivity for this subject when I scored 100/100 in 12th Board. I also showcased my assiduity when I achieved an overall 96.6% in all subjects in my 12th-grade final exam. I was also in the 99.707 percentile in the All India Problem Solving Assessment Exam in Quantitative Reasoning conducted by the [BOARD_NAME] board. I scored 98.0542 percentile in Qualitative Reasoning and 93.8362 percentile in language conventions at the All India Level.

My performance led me to take the Joint Entrance Exam (JEE) for admission in engineering colleges in India. It requires courage and fortitude to attempt it, as one is pitting one's knowledge with almost 1.5 million aspirants. It consists of two major exams—JEE Mains and JEE Advanced. I got the 1760th rank in Paper-1 and the 524th rank in Paper-2 of JEE Mains. I also cleared the JEE Advanced Exam, the entrance exam used for admission into the prestigious IITs.

As the world is moving towards complete dependence on computers, and luckily, as I have a knack for understanding the simplicity in seemingly complex computer languages and algorithms, I chose to study Computer Engineering at [UNIVERSITY_NAME]. During college, I attended [BUSINESS_SCHOOL_NAME]'s summer program in Entrepreneurship and Innovation. It was a hands-on entrepreneurial boot camp which got me excited for an entrepreneurial journey. While being in college, I got interested in the Financial Industry, particularly in FinTech. For my final year major project, I led a team of three members and developed an AI Based Financial Portfolio Management and Restructuring tool. The program uses technical and fundamental indicators to restructure the portfolio periodically to maximise the returns. The resultant portfolio beats the benchmark in both upwards and downwards markets according to our test results. After 4 years of intense studying, I completed my Bachelor's of Technology in Computer Engineering with a CGPA of 7.36 on a scale of 10.

After I graduated, I moved back to my hometown, acquired the required certifications and licenses, and using what I had learnt in college especially from my final year project, I started a proprietorship based financial advisory firm. I gradually acquired more and more arrows in my quiver. I became an [CERTIFICATION_BODY] certified Mutual Funds distributor and an [CERTIFICATION_BODY] certified and registered Life and General Insurance Agent. I am empaneled with all major Asset Management Companies (AMCs) like [COMPANY_NAME], [COMPANY_NAME], [COMPANY_NAME], [COMPANY_NAME] etc. I am a Life Insurance Agent with [COMPANY_NAME] of India and a Health and General Insurance Agent with [COMPANY_NAME]. I am a Fixed Deposits distribution partner with [COMPANY_NAME] and [COMPANY_NAME]. I have helped numerous clients in creating a diverse long-term investment portfolio based upon their risk appetite, needs, goals and market conditions. To date, I have an Assets under Management (AUM) of over Rs. 13 Crores (GBP 1.3 million approx.), and a client list of over 20 High net worth individuals. I wish to pursue a financial advisory career with the objective of learning and understanding the financial services market.

Taking a leaf from my parents' book, I am on the Board of Directors of the not-for-profit school named [SCHOOL_NAME]. Its aim is to provide affordable and quality education to poor children and help them advance their careers. I am also the Administrative Manager of the school, and my responsibilities range from identifying and locating poor neighbourhoods and enrolling students, to managing the day-to-day activities of the school. My role also includes reporting and communicating with the [BOARD_NAME] Board and performing the required periodic activities.

As of now, I have completed my under-graduation in Computer Engineering, have cleared the Chartered Financial Analyst (CFA) level-1 exam, and have been working in the financial sector for the past three years. I scored 740 on my GMAT exam, with a score of 50 in Quant and 40 in Verbal sections and an overall 97th percentile. MBA is a program that will equip me with the tools and tricks of the trade to make me more effective regardless of the area—Finance, Human resources, or International Business. This course would help me enter the competitive business world of today. Studying a Master of Business Administration will enable me to deal with the recent trends in financial sector, be able to apply the newest management techniques and constantly challenge myself to strive for a more wider and bigger entrepreneurial setup, along with great networking opportunities. Pursuing this course will facilitate me to acquire knowledge of various industries, pick up new relevant skills and develop key interest areas, making me an enviable asset to my organisation. I am passionate about my work, dedicated in my endeavour and efficacious in my approach. An MBA will get me a step closer to my dream of working in the corporate environment.

I have chosen to do MBA at your prestigious university as it is perfectly designed for people like me. Having gained enough practical and first-hand experience through my various engagements, buttressed by an MBA, I am eager to gain advanced knowledge. I recognise the significance of this degree, the programs it includes, and the courses that will change my way of thinking about business, decision making, and the management style.

My ultimate goal is to enter the FinTech market, which is an amalgamation of Financial and Technological products, as an entrepreneur. Professionals in this sector are usually either Financial experts or Tech developers. I want to bridge the gap between the two and come out ahead in the race. The Master's in Business Administration will set me on an entrepreneurial career path in the FinTech industry where I can use my Computer Engineering, Financial knowledge and the Business Administration skills that I would gather through my MBA. Eventually, I want to create an online Investment Platform and start my own Insurance Broking Firm.