Statement of Purpose

 MASTER OF BUSINESS (ACCOUNTING) 

Source: KIEC Student (THA21ANI)

I am Applicant Name, a young, energetic, dedicated and determined student targeting my aim with a full sense of responsibility. I am a resident of Ilam, Mechi, Nepal and was born on 7th March 19XX as a first child to my parents. My family has always been an inspiration to me and guided me along the path of my career. Having been blessed with such a supportive family, I have decided to seek further education and a career in the field of accounting and pursue my dream of holding an international degree by getting enrolled in University name, Sydney, Australia to study Masters in Business (Accounting). 

I have completed my schooling from Montessori Secondary School, Ilam in the year 20XX with XX%. After that, I joined an intermediate level in Arniko Awasiya Higher Secondary School in the science stream. Later, I could not grow interested in the subject and realized that I am not a science person. However, I gave my best and completed an intermediate level in 20XX securing XX%. Then I changed my faculty and joined BBA with major finance in Zenith International College, affiliated to Purbanchal University and completed the program in 20XX with XX CGPA. During the BBA program that consists of four years course with a total of eight semesters, I got an opportunity to work as an intern in Himalayan Bank Limited, Biratnagar, as a partial fulfillment and requirement of the course for the period of 2 months. The internship helped me to have a close insight into the practical knowledge of the workplace. As soon as I completed the bachelor level, I prepared for IELTS and took the IELTS exam on 1st February 20XX and scored an overall band score of 7.5 with listening 8.5, reading 8.5, writing 6 and speaking 6. 

There are varied reasons that influenced me to choose Australia as my education destination. Besides its friendly, laid-back nature and an excellent education system, the fact that schools and employees all over the world recognize degrees from Australian schools encouraged me to choose Australia. Australia is currently the third most popular destination for international students, behind the US and UK. The Australian education system is carefully regulated by the Australian government in order to maintain a high standard of education. Even though Australia is among the country with the highest living standard in the world, living expenses and tuition costs are considerably lower here in comparison to the US and UK. Australia also provides international students the facility to work part-time while they study, allowing them to make up for their living costs, which I consider is the most significant privilege to international students. One of the most appealing aspects of the country for international students is the country’s impressive technology and research resources of which students can take advantage of, as well as the availability of a large number of choices of universities and schools, which provide qualitative, practical and future-oriented education. My reasons for not choosing other countries like the USA, UK and Canada are quite clear. In US the tuition fee is very costly, even some Americans choose to study in other countries because of the sky-high tuition rates and most of the US colleges require GRE/GMAT scores for admission, which are quite competitive and time-consuming. Whereas, in Canada to get used to and adjusted in its cold weather can be a bit of a problem for international students. Likewise, in the UK the cost of living is relatively higher as well as public transport becomes quite pricey for international students. In contrast, Australia is in every way a suitable destination for education, either be it in terms of tuition fees, climate or the cost of living. The specification of the standards for education qualification is done via the Australian Qualifications Framework (AQF). Australia follows ESOS (Education Services for Overseas Student) Act 2000 which ensures that students have access to tuition assurance which also includes an element like tuition protection services where the fees I have collected are safe and secured. So, everything here is legalized and secured.

Initially, I had set my mind to study post-graduation in accounting in Nepal. There are also some good universities in my home country, but not all of these Nepalese universities have international recognition. In addition, universities over here in Nepal provide limited courses like MBS and MBA and these courses are not flexible enough. On the top of that, Nepalese education system and its universities lack adequate human and material resources for skill development. The curriculum is not updated and students are taught the same old curriculum for years. The pace of development of the teaching and learning system in Nepal is relatively low compared to the global development. Though theoretical knowledge is emphasized upon, there is the lack of scope, area, and required resources for its application in practical settings and the platform for personal exposure is confined. Moreover, problems like population explosion, non-participation of private sector, scarcity of qualified manpower, political instability, inefficient educational management system and poor implementation of policies and programs, etc. are plaguing the educational system of Nepal. Because of all these impact reasons I gave up on the thought of continuing further education in Nepal. 

After carrying out a lot of research about different cities in Australia I decided to choose NSW, Sydney as a destination for my further study. Sydney is Australia’s oldest and largest city built around a huge harbor and hosts many tourist attractions as well as a number of beaches, bays and a couple of national parks. It has humid subtropical climate, shifting from mild and cold in winter to warm and hot in summer, with no extreme seasonal difference as the weather is moderated by proximity to the ocean.

From extensive research, I came to conclude that receiving International Degree in Master of Business (Accounting) from University name, Sydney, Australia will surely help me in achieving my goals. The course is designed in such a manner that it touches and gives depth knowledge in an advanced international specialization. University name has the expertise and experience to help students reach their goals. Furthermore, quality education, teaching methods as well as experienced lecturers at university name will certainly help me to sharpen my knowledge and skills. To be very honest, the best part is we will not get all the above-mentioned combinations of course of Master of Business Accounting at any institution in Nepal or elsewhere in the country. University name has campuses across Melbourne’s Central and Western Suburbs. university name, Sydney is located in Level 1, 160-166 Sussex Street, Sydney. University name also provides courses in various fields like Arts, Education, Law and Justice, Business, Engineering and Science, Sports and Exercise, Computers and IT etc. University name is a dual-sector tertiary institution, which provides courses in both higher education and Technical and Further Education (TAFE). University name is ranked in the Top 2% of universities worldwide according to Times Higher Education, World University Rankings 2017-18. Along with this, University name has also gained other many more rankings like

  • University name engineering and computer subjects are ranked among state’s best in the 2018 World University Subject Rankings. 
  • University name is also ranked as 56 in the World’s Top Universities aged under 50 in the Times Higher Education Young Universities Rankings (2017) and 55 in Asia Pacific the inaugural Times Higher Education Asia-Pacific University Rankings (2017).
  • University name courses are in-demand internationally, with many students studying University name degrees through international University partners in China, Malaysia, Vietnam, Singapore and Myanmar.
  • In 2017, the University name Master of Business Administration was ranked in Tier 1 by London-based CEO Magazine. And many more….

Because of all these achievements University name is recognized as the most competitive and internationally accepted University. University name emphasizes research that is relevant to the community, industry and government – both nationally and internationally. University name is truly a university with diverse features and internationally accepted university. So, by researching and analyzing various factors like course contents, tuition fees, location and duration, international recognition, I finally got convinced myself in choosing University name, for my higher education.

Beside University name, I also did several researches for other colleges providing a master’s degree in the accounting field. I did comparison of tuition fees, course structures, location and entry requirements by different education providers of Australia. Most universities like University name, University name and University name also provide Master’s Program in Accounting but was amazed when comparing the fee structure of these universities with University name. University name is very much affordable with respect to the above-mentioned universities. University name annual fee is AUD $ XXXXX per year while the University name estimated annual fee is AUD $ XXXXX. Likewise, the estimated annual fee of University name is AUD $ XXXXX, whereas the University name estimated annual tuition fee is AUD $ XXXXX. Similarly talking about the course structure, the course of University name is far better and is focused not only on accounting specialization but also on providing knowledge about other business courses too which other mentioned universities do not provide. Therefore, studying at University name can be very beneficial in both academic and financial wise.

In this 21st century’s versatile world nothing is certain and is same applies to every financial companies and organization. The current market structure is always increasing which can result in uncertain future for the financial organizations. Forecasting the uncertainties and taking the required measures to see them off is very important for the organizations, and this is where accounting comes into play. Just as language is universal to people, so is accounting in business because it deals with interpreting and communicating information about a company’s past events and forecasting the future. For a business to survive and grow it is crucial to have a proper accounting practice as it ensures accuracy of financial statements complying with the existence laws and regulations which eventually results in improved business efficiency, reduce cost, enhance the revenue and undertake profit-making decisions with the owners, investors or the managers of the company. It is because of this recognition and importance of accounting majority of students graduating from business background decides to seek further education in the field of accounting. With better knowledge and training of accounting and related subjects an individual can develop a strong career in today’s modern business and financial organizations. Hence, with the help of Master of Business (Accounting), I can receive the full package in regard to accounting and it helps me to get great career opportunities after the completion of this course.

Once I complete this intended course, I believe I will have proper knowledge and the right set of skills that will enable me to establish a strong career in the field of business accounting. After completion of Master of Business (Accounting) I would like to apply for Post Study Work Experience to make the most of the Australian exposure and experience, get the confidence, and increase my competitiveness on return to my home country. In Nepal, qualified accountants are high in demand and there are a number of firms that offer jobs with good pay. Having an international degree will make me more competent and demanding in Nepal and Master of Business (Accounting) from Australian University will be my Unique Selling Proposition to potential job providers in Nepalese market. Although in the initial phase, I expect the pay to be around NRS. 50,000 to 70,000 per month as an Accountant for couple of years but once I gain some experience here, there could be potential job openings in different Multinational Companies like Coca-Cola, Unilever, Chaudhary Group, in A grade banks like Nabil Bank, Standard Chartered Bank, Everest Bank, and also in donor agencies and NGOs like World Bank, Asian Development Bank, UNICEF which provides salary above NRS. 100,000 monthly for qualified accountants under different career options like Finance Manager, Budget Analyst, Senior Accountant etc. After working and gaining professional experience for some years I also would like to see myself opening up my own Accounting Firm to provide accounting services to organizations and moreover create job opportunities which is very essential in context Nepal.

Talking about my marriage and spouse history, I got married to Name. He is working as an account and finance manager in one of the renowned transport company named Monica Transport Company Private Limited. He is very honest, punctual, hardworking and highly dedicated towards his job. He has completed intermediate level in commerce faculty from Tribeni Higher Secondary School, Dhankuta, Nepal with a percentage of XX in 20XX A.D. He had joined BBA in Zenith International College, but as he was working along with carrying out his studies, so he could not give proper time to his study and could not complete the course. As we were admitted in the same college for our bachelor level and he was a batch senior to me, we came to know each other and soon became friends. With passing days we realized that we are in love with each other and decided to tie knot after three years of our love relationship. My husband has always been very supportive and have always motivated me to excel in my education as well as every other good thing I take up. He has also has been supporting my desire of getting an international degree. As it will be really challenging for me to go alone to a totally new place, Australia, which is very far away from home, we want to accompany each other during my stay and study in Australia. His presence will give me full support to adjust in a totally new environment and also will make me feel more secure, confident and encouraged to pursue my master degree. The only reason for his company would be to support and motivate me, so that I could finish my intended studies within proper time with proper grades. Therefore, I want to start my education journey in Australia with my husband. 

As per the financial arrangement of my proposed education, my parents and in-laws will sponsor my study and stay in Australia. As per my family, my father’s name is Parent Name, he is working as a government officer and my mother’s name is Name and she is a proprietor of a retail shop as well as an excellent housewife. My father in law Name is a Proprietor of a retail shop and my mother in law is an excellent wife. 

I am well known about the visa conditions and obligations that I have to follow during my stay in Australia. I must maintain 80 percent of attendance, I need to clear 50 percent in each subject, I cannot work more than 40 hours per fortnight and I will not work as i am applying for the study visa, I must maintain the health insurance until I and my husband remain in Australia. I must notify the university within 7 days if I change my address or contact details and so on.

I would like to assure you that I will be under the rules of visa subclass 500 and I will give my best effort in learning and developing knowledge and skills regarding my subject matter. I will finish my intended course in exact time with good grades and will return back to my home country for achieving my future goal.

Thank you  

Yours sincerely,

Applicant Name

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