UW—Madison and Wisconsin Electric Machines and Power Electronics Consortium WEMPEC faculty have established a comprehensive curriculum in the electrical machines and power electronics field that serves students at the university, as well as engineers already established in the industry.
Financial Engineering Finance, as a field, had always fascinated me right from my undergraduate college days. I believe my penchant for this field stems from the fact that Finance runs in my family.
My father is a chartered accountant and my mother is a banker. This was the time I learnt the first lesson of finance from my father i. In when I was in the second year the Indian stock market crashed.
But fortunately, my father had a well-diversified portfolio because of which our returns were protected from the downside risk. This was when I learnt the second principle of finance from my father i. While I understood these two principles intuitively, it produced in me a strong urge to learn and understand the complex theory behind the working of Finance.
This, I believe, was a turning point in my career. I made up my mind to pursue a career in Finance and hence decided to do a Masters program in Business Administration. This exposure left me wanting for more knowledge in the area of Risk Management.
During my project I learnt about various risks associated with Infrastructure Projects and how they were mitigated using different risk models and structured finance products. It was at this time that I realized the importance of mathematics and programming as invaluable tools in Finance.
I had always felt that applying my technical knowledge to the field of Finance would be highly satisfying. This internship, thus, helped me crystallize my goals as I decided to make a career in Risk Management.
In India with the onset of liberalization since and deregulation of the interest rates, the Indian corporations and financial institutions are exposed to various kinds of risks.
The Government and the Reserve Bank of India have initiated appropriate reforms to develop derivatives markets and financial markets on the whole.
This has suddenly increased the demand for professionals who can not only understand but also develop new financial instruments to evaluate and hedge the risk.
I believe that in order to use financial engineering pro-actively and dynamically for optimum hedging a finance professional should be well versed with the mathematics that underlie the financial theory. In the future I see myself, as a Finance professional, designing structured financial products by incorporating cutting edge methodologies and sophisticated tools in order to cater to the above mentioned requirements.
To achieve this I would like to gain exposure to the latest practices adopted in the field of Financial Engineering and Risk Management.
To this end I would want to work with a leading investment bank or in the treasury of a commercial bank, which would enable me to help corporations manage their risks. I would like to bring this acquired expertise back to India and use it to help companies thrive in a dynamic environment.
I believe that my educational background has instilled in me the qualities required to meet the rigor of this demanding profession. Graduation in Engineering has provided a strong foundation in Mathematics and Computer Programming. Mathematics was one subject in which I had always excelled right from my school days.
This project of developing the software for a video-processing card Frame Grabber for the first time gave me a real world experience of programming. This association helped a lot in consolidating my programming skills, especially in C-language.
Thus, it inculcated in me problem solving and analytical abilities. Thereafter the two-year program in Business Administration has not only given me a sound and firm grounding in finance but also taught me the invaluable skills to manage, lead and collaborate effectively with people.
It also developed in me the ability to analyse problems from a business perspective keeping in mind the constraints and limitations of the real world.Scholarship Essay on Engineering.
As long as I remember myself, I was interested in the way things around me worked. When I was a little child (as somebody once told me, because I don’t remember it myself), I was constantly taking apart toys and other things I was able to lay my hands on.
Reply Lena September 18, at am. I found this website to be so helpful, but links to go along with the names of the scholarships would be helpful too. Some of the links that come up when you search for the grants and scholarships are spam.
COMPUTER AIDED ENGINEERING “Prevention is always better than cure” is a generic phrase which we have been hearing since our childhood. Engineering is no different from this principle as the Engineering industry always uses prediction models to predict possibilities of failure of a .
Instrumentation engineering is the engineering specialization focused on the principle and operation of measuring instruments that are used in design and configuration of automated systems in electrical, pneumatic domains etc and the control of quantities being measured.
They typically work for industries with automated processes, such as chemical or manufacturing plants, with the goal of. Stand Out as an Innovative Power Engineer. The Master of Science: Electrical Engineering program will prepare you for leading edge positions in industry in the areas of electric power, power electronics, motor drives, and electric machines.
During the first year of PGDBA I learnt how Derivatives can play an important role in optimizing a Portfolio's performance and in managing risk.