8:00 AM. July 1, 2010. The 23rd floor of the Bank of China building in Hong Kong. A woman sitting behind the mahogany desk calls a Shanghai trader to buy 200,000 shares of China Telecom's stock. Moments later, she dashes into a teleconference with Tokyo analysts. When the teleconference finally concludes two hours later, the woman rushes down the stairs, hails a taxi to the Chek Lap Kok Airport, catches a flight to Thailand, and ends her day with a meeting with the CFO of DynaTech Computers. I look forward to maintaining this busy schedule as a portfolio manager of an international equity mutual fund about ten years after obtaining my MBA. The Top School academic experience can build on my public accounting training and my multi-cultural and multi-lingual background to prepare me for work first as an equity analyst in the mutual fund industry and ultimately as a portfolio manager specializing in Asian Pacific equities.
As a CPA and staff accountant with Big 6 for the past two and a half years, I have developed a solid foundation in teamwork, analytical, and problem-solving skills. As a bilingual associate of the Asia-Pacific Business Group, I specialize in auditing the financial statements of in-bound Asian businesses. However, while Big 6 provides expansive career opportunities in public accounting, I have reached a plateau in developing the analytical and management skills necessary to achieve my ultimate career goal of money management. In public accounting, we measure and examine financial transactions of the past. In contrast, money managers examine the current attributes of securities and attempt to predict their future performance; unfortunately, this forward-looking focus is absent in public accounting. Unable to delve into financial areas beyond accounting and limited in obtaining more challenging analytical experiences, I am also constrained by the compliance nature of public accounting. I cannot acquire the advanced financial skills necessary to understand how financial assets are created and traded and how they are leveraged in national and international capital markets.
Furthermore, an effective manager in the 21st century must be well-versed in international business transactions. Unfortunately, my desire to gain this broader understanding of the increasingly interdependent global economy remains unsatisfied at Big 6. Although I have utilized my Chinese language skills in servicing our Asian clients and engaged in comparative technical analysis of U.S. GAAP and French, Taiwanese, and Japanese financial reporting requirements, my exposure to and knowledge of broader transactional issues such as international transfer pricing has been limited. Finally, as our audits focus mainly on the clients' compliance with U.S. GAAP and foreign accounting and reporting requirements, they provide few opportunities to appreciate the "big picture" of international business.
A background in financial reporting and servicing Asia-Pacific business clients. The ability to converse fluently in Chinese. An understanding of Chinese, Japanese, and American cultures. I will bring these qualities to the Top School program and ultimately to my career in international investment management. As a first step toward achieving my career goals, I have registered to take level one of the CFA examination in June 1993 and plan to complete the entire examination series upon graduation from Top Ten. Armed with the CFA certification and Top School's international bent, strength in finance and management training, I will be ready to place that call to the trader in China, conduct the teleconference with Tokyo, and visit the CFO in Thailand.