csc学习计划.docx
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csc学习计划
StudyPlan
MuyaoWang
1,Background
MajoredinFinance,Ireceivedtwoscholarshipsformasteringessentialskillsoffinancialanalysisandmathematicscalculation.Throughlearningmicroeconomics,marketingandsecurityinvestment,Iwasexposedtothebigpictureoffinancialmarkets.Thedemandingmathcoursesallowedmetoestablishaverysolidbackgroundinoptimizationandprobability,whicharefundamentaltoriskmanagement.Moreover,Skillslearnedfromthecoursesonstatisticsandeconometricshelpedmesucceedinfinancialriskmodeling.Inaddition,IwasfortuitoustohaveanopportunitytoconductresearchongrainyieldinHenanprovince.Thisresearchprogramenabledmetocollectdataefficientlyandutilizethemtomodifytheinformationsystemtofindthemostinfluentialfactor.
ParticipatinginoneintensiveexchangeprogramintheUSAadaptsmetoamulticulturalenvironmentandexpandsmyglobalperspective.AttheOklahomaStateUniversity,Iconfirmedmypassiononassetallocation,pricingmodel,riskmanagementandstockvaluationininvestmentclass.Themathematicsstatisticscourseandelementarystatisticsforbusinessandeconomicscoursetaughtmehowtoapplystatisticsinthefinancialindustry.Asthefewstudentwhoparticipatedonceinanexchangeprogram,Ifeelfortunatetocomeacrosswithdifferentpeopleandclassesinvariousenvironments,whichmakememoreconfidenttodealwiththestudyinUSA.
Notcontentwithsimplesimulationsintheschool,thereafterItookinternshipsinreal-worldcompanies.Haveaccumulateddiverseexperiencesindifferentareas,Ilearnedhowtoapplytheoryintorealwork,whichwilldogoodbenefitsinthisprogram.WorkinginthePost-loanManagementDepartmentatBankofIndustrial&CommercialBankofChina,Ideeplyrealizedtheextensiveapplicationoffinancialriskmanagementanditsimportanceaswell.Afterbeingexposedtorealworksituations,Igatheredmorepassiononfinanceandmastermoreskillstodealwiththegroupleaderforundergraduates,Iledagroupofsixstudentstoconductedmultiplelinearregressionstofilterandexploretheinfluencingfactors,whichsuppliedafirst-handexposuretothepowerofmathematicsmodels.Duringtheentireproject,Iusuallyencountereddifferentideasfromgroupmembers.Iembracedthemandoptimizedthemeritsofeachmemberbyputtinghim/hertotherightposition.
2,MychoiceofstudyinginUconnMSFRM
UConn’sStamfordcampusislocateddirectlydowntown,StamfordCounty,Connecticutisknownworldwideforbeinghometomanyoftheworldslargesthedgefunds.CompaniessuchasUBS,RBS,IBM,GEandBridgewaterresideinthearea.TheFinancialriskmanagementprogramthatisrankedthe#1financialriskmanagementprograminthe.byTheFinancialEngineer.Aboveall,theprofessionally-orientedprogramhighlightsboththetheoreticalknowledgeandthecutting-edgetechnologiesforsolvingrealfinancialriskmanagementproblems.Thewell-designedcoursescoveringstatisticalanalysis ,stochasticprocesses,estimationtechniquesandsoforthdefinitelyfitmytaste.Ithinkthesecoursesareparticularlybeneficialtomycareerprospects.Asidefromthetheorycurriculum,Ilookforwardtojoiningintheseminar-stylecourseswhereIcouldgetexposuretothecurrentpracticesandproviderealprojectexperience.Furthermore,Connecticut’sCenterforCareerServicewouldpavethewayformycareerthroughvariousservicesaswell.Allthesemerits,togetherwithConnecticutMSFRM’sworld-renownedfacultyandextensivealumninetworksinvariousfinancialinstitutions(bulgebracketbanks,assetmanagementfirms,hedgefunds,etc.),wouldmaximizemychancesofbreakingintothehighlydevelopedfinancialindustry.Apartfromthewell-balancedcurriculum,thepracticumandseminarswillprovidemewiththeopportunitiestohaveexposuretocutting-edgetopics,honeproblemsolvingskillsanddevelopaprofessionalpresenceinacollaborativelearningenvironment.Theabilitytoinvestigatenewsworthycasesofcapstoneprojectsthroughtechnicaltoolsandfinancialriskmanagementmodelsenablemetohelpactualclientsmoreefficiently.Professionally,IreallyappreciatethepowerfulcommunityofConnecticut,whichcanprovidestudentswithrichcareerresourcesandalumninetworks.Specifically,withalocationinStamford,Connecticut,ConnecticutUniversitydefinitelyenjoysaconvenientaccesstothoseworld-leadingfinancialenterprises.Uconnschoolofbusiness’sworld-renownedfacultyandextensivealumninetworksinfinancialcommunitywouldalsopavethewayformycareer.
3,Myoveralleducationalgoal
Learningpurpose
TheprogramoftheMSFRMistoprovideanoutstandingprograminthedesign,development,andexecutionoffinancialriskmanagementstrategiesandsystems.ThroughcollaborationwiththefinancialservicesindustryintheStateofConnecticut,theprogramwillprovideaforumforinteractionofacademicsandpractitionerstofocusonthepracticeofcreatingeconomicvaluebymanagingexposuretorisk.Bylearningfinancialriskmanagement,IhopetoenhancemytechnicalskillandtonarrowthegapbetweenChinaandtheworld'smostadvancedfinancialriskmanagementinthisfiled.
Plan
Thisprogramwillfocusonfinancialriskmanagement.:
ThecoursesintheprogramfallintofourcategoriesandIplantofinishin2years
FinancialMarkets
Onethreecreditcourseprovidesmeanoverviewoffinancialmarketswithintroductiontovariousfinancialinstrumentsandriskmanagement.
FinancialRiskModeling
Three3-creditcoursesprovidemathematicalandstatisticsbackground,coveringtopicssuchasdiscreteandcontinuousstochasticprocesses,stochasticcalculus,statisticalanalysisoffinancialdata,andtherelationbetweenstochasticprocessesandstochasticdifferentialequations.Thecoursesalsoprovideexposuretoabroadrangeofanalyticaltechniquesforassetvaluationandriskmanagement.
FinancialRiskManagement
Three3-creditcoursesprovideanopendiscussionofunderlyingtheoryofriskassessmentinassetvaluationandfinancialmarkets,andthemodelingandvaluationofcashflows.Theyfocusondevelopmentofestimationtechniquesforvaluation,measurementandmitigationofriskoffinancialsecuritiesincludingequityandfixedincomeassets(MBS,CMBS),derivativesandexotics.
AppliedProjects
Theapplicationsareaincludesfour3-creditcourses:
twotraditionalcoursesandtwoseminar-stylecoursesthatofferpracticesandproviderealprojectexperience.Thetwotraditionalcoursesinthisareawillexposestudentstoaccountingandlegalissuesassociatedwithimplementationofinternalcontrolsystems.
Thefirstcourseonlegalissueswillprovidethemethenecessarybackgroundtoidentifyandanalyzethelegalandaccountingaspectsoffinancialriskmanagement.Legalaspectsincludecompliancewithregulationgoverningsecuritiestrading,disclosure,contractlawandthefiduciaryresponsibilityoffinancialinstitutions.
Theotherthreecourseswillbeprovidedinacaseformat.Severalmoduleswillbepresentedovertwosemesters,includingHedgeFundStrategies,EnterpriseRiskManagement,andDevelopment&ImplementationsofRiskManagementModels.
Tograduatefromtheprogram,Iplantofinishin2years.
-:
Introductionto.CapitalMarkets;
FinancialInstitutions-ARiskManagementApproach
FinancialRiskModelingI
-:
FinancialRiskManagementI-EquityMarkets
FinancialRiskModelingII
FinancialRiskManagementII-FixedIncomeMarkets
-:
FinancialRiskModelingIII
Strategies&RiskManagementinAlternativeInvestmentsI
Legal&EthicalIssues
-:
FinancialRiskManagementIII-AdvancedTopics
Strategies&RiskManagementinAlternativeInvestmentsII
Capstone
-:
ExcelVisualBasicApplicationsinFinancialRisk
Management;FinancialProgrammingandModeling
AdvancedissuesinERM-AQuantApproach
4,CareerObjective
Ihavebeentrainedbythecountryformanyyears;andthereforeservingthegreatcountryisourduty.Intheshort-term,Iwishtobeariskanalystinabulgestate-ownedbank.ICBC)inChinawhereIcouldstepintotheburgeoningmarket.Risksidejobsteachpractitionershowtostaycomposedandrationalintheever-changingmarkets,andtheyhavebeenplayinganincreasinglycrucialrolesincethe2008financialcrisis.Moreover,IhavefoundthesejobsparticularlyintriguingeversinceIwentthroughsomerigorousprocessesofmeasuringrisksininternships.
Inthelong-run,Iwouldliketocombinemyexperienceandskillswithmyinterestinfinancialriskmanagement—andbecomechiefriskofficer.Since2010,quantitativeriskmanagementhasstartedtotakerootinChina,whichmeansfinancialmathematicswillhavebroadprospectsinthiscountry.Therefore,Iexpecttouseriskmanagementmethodstohelpcompanytoavoidriskbyusingquantitativetechnologies.
Allinall,IhavesparednoeffortstomeettherequirementsoftheCSC.Isincerelyhopeyoucouldoffermethescholarshiptopursueaspectacularcareerthroughthisworld-classprogramwithoutworryingtheissueofmoney.