personal statement examples for business economics

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Business and economics personal statement example.

Business and Economic issues make headlines almost every day, everything from oil prices to the deals that are in the supermarkets every week. Even though the stories are constantly changing, a key idea remains: Economics and Business are major and influential areas of study in today's society. I believe that studying them to a degree level will challenge my understanding of economic theories and introduce me to key areas of business such as management and marketing.

During my A Level study of Economics, both microeconomics and macroeconomics have interested me. I have particularly enjoyed learning the basics of demand and supply and building on such knowledge by studying market structures such as perfect competition and monopoly. Whilst these models may be an extreme representation of a theory, it is important to understand how they work, as markets are constantly changing. For example technological developments, such as the internet, are making perfect competition a more realistic concept in the worldwide market. Understanding perfect competition therefore, would allow businesses to successfully expand to the online market by focusing on non-price competition such as the quality of customer service.

Having worked in a small business, which uniquely for that area had an online presence, I witnessed the benefits of monopoly power. Prices were pushed high as there was no competition providing a similar service, and supernormal profits of the business increased. Directly experiencing how business is influenced by economics as well as understanding and analysing this has not only increased my interest in it but also strengthened my drive to pursue it further.

Not only does economics impact firms, it can also affect politics. Politicians can use times of recession or hyperinflation to their benefit as people will vote for those political parties who promise to 'fix' the economy and increase social welfare. Perhaps one of the best examples of how big an impact economics has had on politics, international relations and history itself is how the National Socialist German Workers' Party gained so much support after unemployment hit 6 million in 1932 due to the economic depression caused by the Wall Street crash in 1929. The increased support of the party contributed to the beginning of one of the most horrendous events in human history- World War 2. The state of the economy influences not only businesses and politics but also individuals and their decisions. Understanding this influence that economics has on our daily lives is what makes it a very rewarding area to study.

At my previous school, I received many awards for my dedication to academics in subjects such as History, English and French. Aside from my studies, I volunteered as a stage manager for a school production where I was able to demonstrate clear communication and leadership skills by helping organise all aspects of the show. At sixth form, I am responsible for lower school pupils as a part of my prefect duties, which requires teamwork and co-operation with both staff and other students.

Economics has taught me analytical and evaluative skills which I have further developed in both A Level Biology and Philosophy and Ethics. I have also gained experience in analysing sets of data, problem solving, essay writing and doing independent research which requires self-motivation, time management and organisational skills.

Philosophy and Ethics has also introduced me to key and current relevant issues of business ethics such as Fairtrade, rights of workers and how businesses should treat the environment. Studying such a varied set of subjects has given me a broad and well-rounded range of knowledge about the world and has prepared me with the skills needed to study a Business and Economics degree at university.

Profile info

There is no profile associated with this personal statement, as the writer has requested to remain anonymous.

Author's Comments

I applied to : Manchester Met for Business/Economics Nottingham Trent for Business Management and Economics + Economics and Business University of Brighton for Business and Economics Leeds Met for Business Economics

Got offers from all.

I tried to focus mostly on my academics as I didn't have many extra curricular activities. Mostly economics as I study it at A Level and I tried my best to incorporate all my A Level subjects as they were so varied.

This personal statement is unrated

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Sample Economics Personal Statement (admitted to Oxford, Cambridge, LSE)

by Talha Omer, MBA, M.Eng., Harvard & Cornell Grad

In personal statement samples by field.

The following personal statement is written by an applicant who got accepted to top graduate programs in economics. Variations of this personal statement got accepted at Oxford, Cambridge, and LSE. Read this essay to get inspiration and understand what a top economics school PS should look like.

You might also be interested in reading this Statement of Purpose in Economics  that got admitted to Harvard, Yale and Princeton.

Sample Personal Statement Economics

“Flick…chuggachuggachuggaa…puttt-putttt-puutttttt…rizzzz…”

The sounds coming from near the doorway may have startled an outsider but were barely noticed by the people lounging on charpoys and mooras (wicker stools). With the atmosphere abuzz with their chatter, the sputtering sound of the diesel generator lent more time to catch up as the bulbs lit up and fans whirred on throughout the haveli (palace) on an otherwise hot evening. But on days when it refused to crackle, my grandmother would enkindle gas lanterns filling the veranda with hissing sounds and soothing moonlight rays.

I still cherish these memories from my childhood trips to XYZ, my native village, some 450kms from the closest city. At the time, the short sojourns from Kuwait felt rather adventurous. However, the perspective turned wrong when I permanently moved to XYZ. Due to unannounced electricity breakdowns, we would find ourselves groping in the dark to the closest candle stand while sweating in the scorching summer.

And just when we thought it couldn’t get worse, the occasional power breakdowns segued into a full-blown crisis of the decade. Over the next seven years, we witnessed unprecedented power outages averaging 15-18 hours daily. People weren’t just lamenting the loss of mental peace; they were mourning the monetary losses worth billions of rupees translating into 1.5% of GDP.

Fast forward 15 years, and I found myself in a position to alleviate the situation. As Deputy Administrative Head of the Government’s Economic Affairs division, I administer a departmental budget worth $500 million. I am currently undertaking solarization projects. A recent shift towards renewables has occurred after public unrest during the early decade led to hasty investments in thermal-based power plants. Unfortunately, seven years later, we are still reeling from the aftermath of a bitter public backlash as we have the lowest regional electricity consumption per capita.

In addition to high tariffs, the energy sector has been marred by the accumulation of circular debt of $30 billion. This has been caused by multiple factors, such as electricity theft, transmission losses, and non-payment of dues. Having worked in Economic Affairs Division, I have also been part of a team that took massive power sector reforms, including:

• elimination of subsidies
• policy formulation on electricity theft and conservation 
• overhaul of sectoral regulatory bodies
• privatization of distribution companies et al.

However, as the Program ended, so did the reforms.

Regrettably, negative externalities from these energy woes have had spillover effects on all socio-economic sectors. The environment has especially poorly been affected by the process for the lack of an integrated generation and transmission policy framework in the renewable industry. Being a lower riparian state has also exacerbated climate change. We face extreme weather conditions – floods, droughts, smog, and diminishing water tables. Unable to agree on water issues not covered under the Indus Water Treaty has led to regular skirmishes and legal battles in the International Court of Justice.

Given the background, my country’s economic and Energy woes require a holistic understanding of the subject. This makes Economic policy specializing in Energy the right choice for my graduate studies. Furthermore, I can become an effective leader and economist in the sector through the interdisciplinary pedagogical approach covering policy, economics, management, law; practical skills; quantitative and qualitative analysis within an international context.

My aim is socio-economic development in tandem with confidence-building measures and strategic partnerships with the neighboring countries. Studying at Oxford will provide this learning opportunity in and out of the class as I will interact with some of the most brilliant minds worldwide and work in teams with them. I also look forward to student-led events, conferences, guest lectures, field trips, and panel discussions to augment my understanding of supranational political demands. This will help me lead economic policy reforms for the next 25 years.

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7 Economics Personal Statement Examples | With Analysis

What makes a great personal statement?

How do you improve your chances of achieving a university offer in economics?

In this post I will give some personal statement examples and discuss what the best economics personal statements do well.

Key features that great personal statements share

Disclaimers, evolution of economics personal statements, what makes a great economics personal statement, key features that great personal statements share: a reminder, lots of supercurricular activities, personal insights about such activities, demonstrate key skills, a well written essay, more economics personal statement advice, latest posts.

This diagram shows my summary of what makes a great economics personal statement. Based on my experience as an economics tutor and economics personal statement examples, here are four qualities that make personal statements stand out.

I explore these categories further below and in my ultimate economics personal statement guide.

For my ultimate economics personal statement guide, check out the link below:

Firstly, here is a list of ten economics personal statement examples available online.

Also below, there is analysis of what makes a great economics personal statement.

To learn how to improve your economics personal statement, check out the link below by clicking the blue button:

I cannot guarantee that the personal statements linked above achieved the university offers claimed on those pages. Nor can I claim that each statement is 100% perfect.

By linking to these sites, I do not endorse any of the sites linked above.

You should not copy any part of the personal statements above. Doing so is plagiarism and can lead to the disqualification of your university application. Instead learn from the techniques and kinds of things mentioned in their statements. See specifically the rest of this article for what we can learn from these personal statements.

A proportion of the samples above are relatively old (five to ten years ago or more).

For some universities the personal statement is more important for applications. Consider for example LSE and UCL, top universities where there are no admissions tests or interviews.

We can look at more recently written and publicly available personal statements.

Based on these, here are some observable trends in recent years among the best performing economics personal statements:

• More supercurriculars relative to the above personal statements.
• More reference to undergraduate-level economic theory. This can show further reading and an ability to potentially do well in the undergraduate course.

In this section I am drawing on my experience as a tutor about what makes a great personal statement. I am also using the available online examples of economics personal statements and the criteria listed by the top UK universities.

Such statements are by no means always perfect, yet they show the qualities and skills that allow students to attend the best universities.

These examples allow us to analyse what makes a great personal statement and also where students often go wrong with personal statements.

As a reminder, here are the four features of great economics personal statements mentioned above:

• Lots of supercurriculars
• Highlighting key skills
• Personal takeaways

Here is a breakdown of these categories:

What activities have you completed, outside of class, that relate to economics? Have you read a book, entered an economics-related competition, or watched an economics lecture? These are examples of supercurricular activities. I consider these a key focus for the best personal statements and I discuss these further in my economics personal statement ebook. These show your motivation to study economics which will be critical if you want to study the subject for three years at university.

For more on supercurricular activities, click the link here:

These are what I refer to as “personal takeaways” later in this guide. What did you learn from the supercurricular activity? Detail is very important, both for showing a high level of understanding and also to convince the person reading your statement that you actually completed the activity. This should go beyond just recalling the activity – maybe there is something you learnt from this activity or something you read that you disagreed with. We discuss how to write about personal takeaways in the ebook.

For more information about how to use supercurricular activities in your statement, including how to generate personal insights, click this button below:

Obviously you should try to show academic ability in economics and motivation to study economics. But what other skills are useful to show in a personal statement? 

While there are many skills that could potentially be useful, I draw your attention for now to two key skills: Ability in mathematics and independent study (including research). Evidence from supercurricular activities that you have these skills will help convince admissions staff. Moreover these skills will help you in the economics course.

What constitutes a “well written essay”? 

Your personal statement should be well structured, with effective links between ideas and paragraphs. The grammar should be completely correct, that is  there should be no mistakes. 

Finally consider your vocabulary – can you embed economics-related terminology into your personal statement? You can use a thesaurus but do so with caution – sometimes it is obvious where a thesaurus has been used (and often the new word used does not make sense in that context!).

For more economics personal statement tips or for economics university application advice, check out the link below:

For A-level Economics resources, click the link here:

• 12 Practice Papers for A Level Economics 2024
• The economics of why people give gifts
• What economic theory says about immigration
• Edexcel Economics A Paper 1 2024 – Tips and Practice Questions
• Can the free market provide public goods?

About the author

Helping economics students online since 2015. Previously an economist and economics tutor, I now focus on providing economics resources on tfurber.com . Read more about me here .

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Successful Personal Statement For Economics At Cambridge

Last Updated: 12th April 2022

Author: Chloe Hewitt

Table of Contents

Welcome to our popular Personal Statement series where we present a successful Personal Statement, and our Oxbridge Tutors provide their feedback on it. 

Today, we are looking through a Economics applicant’s Personal Statement that helped secure a place at Cambridge University. The Economics Course at Cambridge provides a rounded, rigorous education in Economics which is valuable for a wide range of career paths.

Read on to see how this candidate wrote a Personal Statement that helped secure their place on a reputable degree. 

Here’s a breakdown of the Personal Statement:

SUCCESSFUL?

The universities this candidate applied to were the following:

Enrolling on our Cambridge Economics comprehensive Programme will give you access to Personal Statement redrafts. 

With our  Oxbridge Economics Premium Programme, your tutor will give you regular actionable feedback with insider tips on how to improve and make your Personal Statement Oxbridge quality for the best chances of success.  

Discover our Premium Programmes today to learn how you can enrol and triple your chances of success.  

Economics Personal Statement

The right answer – does such a thing even exist? When considering the field of mathematics, my response would be an unequivocal yes – indeed, I find its simplicity and elegance some of its most attractive qualities. For economics, however, the question of a right answer is not so straightforward. My interest in economics was sparked when I read “Freakonomics” and “SuperFreakonomics”. I found the search for a logical explanation behind seemingly illogical behaviour intriguing, and the idea that small changes to incentives could effect such large changes to those behaviours fascinating.

To further my understanding, I attended lectures at the LSE, including one given by Ha-Joon Chang. His arguments challenged much of what I had learned – deregulation and trade liberalisation would not, apparently, stimulate competitive growth, while education, it turned out, could not be counted on to increase entrepreneurship or productivity. These contradictions made me eager to read his “23 Things They Don’t Tell You About Capitalism” and “Bad Samaritans”. Although relishing his controversial stance on almost everything, I found his central thesis – that by using protectionism to support fledgling domestic industries, other poor nations can emulate South Korea’s success – overly optimistic and one-size-fits-all. As Paul Collier argues in “The Bottom Billion”, many are trapped by conflict or bad governance, with even bleaker prospects after “missing the boat” on which many Asian economies sailed away to prosperity.     

While economics is rooted in the world around us, with all its fascinating, messy complexities, mathematics derives its beauty from its abstract nature. It is unique in that it can lead us to an answer that is not merely the right one, but is true in an absolute sense. This was emphasised by G. H. Hardy in “A Mathematician’s Apology”, where he spoke of a mathematical reality distinct from the ordinary one, of which we can only ever hope to produce a “partial and imperfect copy”. Another of the appeals of mathematics is its breadth of application. I was able to explore this over the past three years in a series of Royal Institution master classes covering topics from graph theory to the mathematics of juggling. My decision to continue with mathematics was confirmed when I undertook the AEA; I found it challenging but immensely satisfying to be able to use simple concepts from the A-level core modules to solve even the most daunting problems.

Over the past year, I have mentored two students in mathematics. Explaining concepts to them helped deepen my own understanding and led me to explore proofs behind theorems I had previously accepted. In addition, acting as a primary school classroom assistant inspired me to set up my own volunteering scheme, in which I and other students help children learn to read. I have enjoyed competing in the UKMT Mathematics Challenge, in which I won a medal at Olympiad level, and the UK Linguistics Olympiad, in which I twice progressed to the selection round for the national team. I have also represented my school in the Hans Woyda competition, and am excited to be doing the same in the Target 2.0 challenge later this year.

Despite their differences, the authors I mentioned above hold something in common: their use of empirical methods to reach conclusions. It is here that the attraction of combining the study of mathematics and economics becomes especially apparent. Without mathematics, economics risks beginning to earn its title “the dismal science”, reducing to speculation and rhetoric without even the emotional investment enjoyed by politics. This is not to dismiss the importance of normative economics, but to say that it draws meaning from a basis in fact. I am not arguing for sound bite solutions to complex questions, but rather that, even in a field as hotly debated as economics, the right answer is still a worthwhile goal, reachable through the use of data and copious amounts of trial and error.

For more inspiration, take a look through our other successful Personal Statement a nalysis articles:

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Download our Free Personal Statement Starter Guide 

Good Points Of The Personal Statement

This statement is thoughtful and interesting, and conveys clear motivations for studying Economics, as well as demonstrating a good level of preparation for university study. The student elaborates on their response to each preparatory activity they engaged in, rather than falling into the trap of simply listing books read and lectures attended. They are clearly passionate about the subject, and show promise as an economist, which they demonstrate in, again, not only listing their achievements, but explaining what they took from the experience, and subtly indicating what this says about them as a student.

Bad Points Of The Personal Statement

I have very little to say in criticism of this essay except that, perhaps, it could come across as a little cliché. Questioning whether there is such a thing as ‘the right answer’ in the introduction, and concluding that pursuit of the field to which they’re applying for further study is worthy are both very common.

UniAdmissions Overall Score:

This is an exceptional personal statement. Not only is the student accomplished, they convey this without bragging, and in enough detail that we gain insight into their abilities, motivations, and personal interests, rather than simply receiving a list in prose form. Though the ideas with which the student begins and concludes the statement are somewhat unoriginal, the explanation found in between is exceptionally strong, and justifies the unoriginal sentiments – they’re clearly not being added just as throwaway lines.

This Personal Statement for Chemistry is a great example of demonstrating motivation and development which is vital to Admissions Tutors.

Remember, at Cambridge, these Admissions Tutors are often the people who will be teaching you for the next few years, so you need to appeal directly to them.

Check out our other successful personal statements and our expert guides on our Free Personal Statement Resources page.

Our expert tutors are on hand to help you craft the perfect Personal Statement for your Cambridge Economics application.

With our  Oxbridge Economics Premium Programme, we help you craft the perfect Personal   Statement , perform strongly on the Admissions Test  and teach you how to  Interview effectively .

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Undergraduate Personal Statement Example: Economics

With so many university personal statement examples available, how do you know if you’re reading a good one?  

After all, personal statement examples can teach you how to write and structure your application, and you can quickly learn how to write a personal statement by examining others.

Reading examples of personal statements can be valuable when applying to a university or college course. But what exactly should they contain?

Undergraduate personal statements should highlight relevant academic and practical experience, academic skills, ambitions and suitability for the degree field. This undergraduate personal statement example for Economics clearly illustrates these three critical elements.

Undergraduate degree personal statement examples are sometimes referred to as personal mission statements or statements of purpose , so if you’re tasked with writing a personal mission statement, the following example will work for you.

I’ve broken down this personal statement example section by section, with a commentary on each element. 

That way, you’ll see its strengths and weaknesses and get some inspiration for your own personal statement .

Once you’ve read the personal statement example and analysis, you can download a pdf of the whole document to use as inspiration for your own!

Personal Statement Example: Introduction

“The unprecedented pace and scope of global economic change shape our lives in unfamiliar and complex ways. The COVID-19 pandemic, Russia’s war in Ukraine and the rising surge of authoritarian populism in Pakistan all challenge social and financial norms, leading to unpredictability in individual behaviour and international markets. Having experienced first-hand the vastly differing economies of the UK, Pakistan and Qatar, I have developed an interest in how economics affects education, employment and income. Comparing each country’s response to the pandemic and observing the long-term impact of the decisions taken, I’m keen to learn which new ideas will replace the old paradigms, how inflation can be tamed without triggering a recession, and whether it is possible to grow global prosperity without exacerbating inequality at a national level.”

My Commentary and Analysis 

This writer begins this personal statement example by displaying an informed and comprehensive understanding of global politics and current affairs. Although this doesn’t seem directly connected to the study of economics, it’s actually a sophisticated way of introducing the topic. Economics and global affairs are inextricably linked, and displaying this knowledge allows the writer to evidence their knowledge comprehensively.

They then outline their global experience and begin to suggest the ways in which global politics and finance are interconnected. In doing so, the writer introduces their motivations and suitability confidently.

If you’re struggling with your personal statement introduction, check out my article on how to write perfect opening paragraphs here .

Personal Statement Example: Section 2

“I thrive on undertaking research into current financial issues and sharing my perspectives with the world. Following the IMF’s reporting of US tariffs on Chinese imports, I analysed how economies rival one another as part of a wider war of geopolitical positioning. Additionally, I examined the US withdrawal from Afghanistan and its economic effects on neighbouring countries. My articles ‘How the US-China Conflict Affects Asia’ and ‘The Economic Impact of the Afghan Crisis on Pakistan’ were featured in Pakistan’s New Reporter newspaper.”

My Commentary and Analysis

Here the writer outlines their research and clarifies their understanding of international trade and finance a little more broadly. This works well, as it adds some depth and development to the previous section without repeating content. 

The theme of international trade continues throughout this personal statement example, but the impressive aspect here is the reference to the articles that the writer has published. Again, this is an important aspect to include as, for an undergraduate example, it establishes the writer as a uniquely qualified and motivated candidate. 

It’s unusual for an undergraduate applicant to have this level of experience and clarity of motivation, so don’t worry if that isn’t something you have achieved yet. The key thing is to make the most of each experience you have and outline its value to your application and ambition.

If you’d like to learn more about how to structure your personal statement or statement of purpose , check out my awesome Personal Statement Template eBook here . It’s full of detailed examples of what to include!

Personal Statement Example: Section 3

“My relief work has exposed me to many societal disparities, fuelling my interest in economics and finance. I’ve witnessed first-hand the interplay between poverty and the economy and researched economic theories and their implications in real-world contexts to understand these real-life complexities. Deeply moved by the impact of the pandemic lockdowns on those reliant on a daily wage in underserved communities in Pakistan, I was inspired to set up a youth team for the food charity FoodShare and distribute warm meals through the uncertainty of constant lockdowns. This led me to research and discover theories such as Sens, which focused on income inequality and capability deprivation.”

The writer outlines their philanthropic and relief work with relevant examples, all of which serve to establish their understanding of the role of economics in real-world settings. 

The focus is beginning to move away from economics, and whilst the content is impressive, it would be sensible to relate the material to the subject area a little more fully at this stage in the personal statement.

Check out lots more examples of personal statements here , and see how they can inspire your application!

Personal Statement Example: Section 4

“Initiating a drive to plant trees as a member of my college’s Green Club, I realised that a financial incentive for growing trees, given directly to landowners in underserved urban and rural communities, would contribute precisely to the economic stimulus they need. My findings were substantiated when I read Dambisa Moyo’s ‘Dead Aid’. I admire her views on development in low-income economies and her arguments for using trade as a growth and development strategy in Africa rather than relying on government-to-government aid. It is experiences like these which have convinced me to pursue this course of study.”

My Commentary and Analysis: 

This is a highly complex paragraph in many respects. It outlines an additional aspect to the writer’s experience and motivation and gives the reader a deeper sense of the engagement the writer intends to have with the subject matter.

Offering evidence of research increases the writer’s range of academic skills and suitability for the course. This is important at this stage of the personal statement, as there have been few references to academic or transferable skills before this point. 

Undergraduate personal statements usually focus on the academic skills developed in further education. As this applicant has focused on other elements, it’s good to see the writer has begun to reference them at this stage.

The one thing that all successful personal statements have in common is that they are concise, engaging and accurate in spelling, punctuation and grammar. Consequently, I always recommend Grammarly to my students and clients. 

It’s an outstanding tool for ensuring your personal statement is rich with detail whilst hitting those all-important word limits. Check out the free version of Grammarly here , or hit the banner for more information.

Personal Statement Example: Conclusion

“My commitment to degree-level economics is reflected in my decision to study A-level Law during my gap year. This has developed my essay writing, analytical and critical thinking skills and taught me to apply logic and reasoning to reach decisions. Equally, attending the Young Leaders summer program at Buckley University last summer allowed me to develop my project management, team building and leadership skills whilst learning about sustainable development goals. I researched the pandemic in Canada and terrorism in Somalia and presented my ideas from an economic viewpoint, arguing how a country’s stability is directly interlinked with its economic growth, affecting the sustainability of development goals. I valued the opportunity to represent my team and take the lead in public speaking and debating at the Oxford Union Chamber, and was proud to win the ‘Best Debating Team’ prize. I won first prize in the Marshall Young Mathematician competition whilst at college, allowing me to put my mathematical, logical reasoning, problem-solving and analytical skills into practice.

A diligent, dedicated and motivated student, I’m confident that my personal qualities, practical experience and academic interests will fully support my commitment to reading for an economics degree.”

The first paragraph above is, perhaps, the most effective and relevant in this personal statement. This is because previous academic skills and experiences are referenced, and their value is considered in relation to the degree course applied for.

The writer then outlines their co-curricular activities. These are highly relevant and impressive examples, and including them here shows the scope of the applicant’s commitment and quality. Referencing the award the writer achieved and considering the transferable skills gained is a compelling strategy that adds to their suitability for the degree.

In summary, there are some significant strengths in this personal statement example. The applicant is mature, engaged and accomplished. They show a range of experiential and practical skills, and the depth of their achievements makes them highly suitable.

In contrast, there’s a lack of formal academic depth here and not very much content that reflects the writer’s personality. Equally, there could be a wider reference to the value that the writer would bring to the university environment.

For more great advice, check out my article on writing an excellent final personal statement paragraph here .

Click here or on the banner below to get your free download of this complete personal statement example . 

Whether you’re looking for personal mission statement examples or an example of personal purpose statement, I hope this personal statement example has been helpful. Above all, I wish you every success in your academic career. 

If you’d like to work with me to develop your personal statement 1:1 and write a powerful mission statement, I’d be delighted to hear from you. 

Find out about my personal statement support services by clicking here or on the image below.

Research and content verified by Personal Statement Planet .

David Hallen

I've worked in the Further Education and University Admissions sector for nearly 20 years as a teacher, department head, Head of Sixth Form, UCAS Admissions Advisor, UK Centre Lead and freelance personal statement advisor, editor and writer. And now I'm here for you...

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Economics and Business Personal Statement Example

Read the following example of a personal statement for the Economics and Business course. I hope it will help you write a good personal statement .

I always order Italian food when I eat out with a boy. If I didn’t, because of social customs, I would have to reciprocate, but as a man, he possibly wouldn’t be eager to be bought dinner by me. Still, I would feel obligated to pay him back, so I would be likely to do anything he asks me. For me, go-ahead and independent would be a considerable cost, higher than the price of food. So, I prefer to split the bill. This kind of cost, not related to spending money, economists call a “hidden cost”, awareness of which is a massive advantage to me.

Knowledge of this and many other economic terms comes from my two-year participation in the Economic Knowledge Competition (EKC). Economics is not part of the Italian school curriculum, so I got together with a group of students my age and we taught ourselves. The first thing which struck me was the lack of girls in the group. I think the phenomenon of so few girls taking part in the EKC occurs because they don’t see any examples around them of female success in this competition, so they believe that they can’t become successful either. I wanted to change this, so I decided to become a leader of the male-dominated economics group. I thought that a female leader would encourage more girls to learn economics. To my satisfaction, there are currently almost as many girls participating in the group as boys. This observation made me curious about women’s nature, so I read Simone de Beauvoir’s “The second sex”, which allowed me to understand the genesis of women’s current situation.

Leading an economics study group has another great benefit for me. I have to explain economic concepts clearly and concisely so that my students understand them. I have learned how to simplify the complexity of economic concepts and illustrate them with examples from historical and current political situations. It has taught me how to use my economic knowledge in practice and enabled me to assess global politics accurately. I am thus able to understand podcasts like “The week ahead” from The Economist and “Behind the money” from the Financial Times, which I listen to in my spare time. Besides making me more familiar with global politics, this has allowed me to notice how often China is mentioned in those programmes. I saw how important this country is now with the second-biggest economy in the world and its external public policy. The trend is continuing to grow, so I realised that, If I want to keep up with progress, I need to learn Mandarin as soon as possible. I won third prize in the Italian edition of Chinese Bridge, the international contest on Chinese language and knowledge about China for foreigners, which inspired me to apply for a one-month scholarship in China this year. Mandarin is a language which demands a lot of patience, and I have had a lot of moments of doubt, but I think I made the right decision. I will certainly continue studying it at university.

The desire to change my environment pushed me to fight industrial pollution in my city of Krakow, one of the most polluted cities in Europe. The problem was, the majority of Krakow’s dwellers didn’t protect themselves from smog, because they held the view that masks are not fashionable enough to wear. To solve this problem, under the slogan “Wear The Mask”, my team and I organised two photo sessions and a fashion show. It was an enormous success. Two huge Italian TV stations interviewed us, and over 30 newspapers published articles about us. We also noticed that significantly more people started wearing masks. This project enabled me to develop my organisational skills; it also proved rewarding and fulfilling. In the process, I became more aware of how important local initiatives are for social life. Overall, I convinced myself that perseverance and enthusiasm are critical factors for change.

I believe that your degree program is an excellent and challenging opportunity to develop my interest. I would love to and be grateful for being able to attend your university.

Recommended reading:

• Personal Statement Examples
• How to Write a Personal Statement for a PhD
• UCAS Personal Statement: A Writing Guide And Tips For Success
• How to Write a Personal Statement That Stands Out
• Tips for Writing a Personal Statement for the University
• How to Write UCAS Reference Letter

Business and Economics Personal Statement

I have grown up surrounded by business and trading interests, and it has long been my ambition to become a successful entrepreneur.  The examples set by several members of my family have been my principal inspiration.  My uncles are in the jewellery and garment business.  My grandfather left his home in India and set out to begin trading in West Africa, determined, despite his own inexperience, to succeed and improve the lot of his family.  It is through his enterprising efforts that my father received an education and became a businessman himself.  I have been privileged to work with him in his import/export firm, which has taken me to trading fairs in Germany, China and Sierra Leone, where the importance of understanding cultural and economic diversity has struck me forcibly.  An awareness of the contrasts between societies in different parts of the world, the prevailing values and ethical assumptions governing business, wealth and possessions, must be central factors in the planning of any international enterprise, and I am eager to study business management from this international point of view.  This is surely an imperative area of knowledge for the businessman who operates in what is an increasingly globalised market place. I have experienced the world of business in working with my father, but I have also undertaken other work placements that have been informative.  I spent a period at the headquarters of the International Cricket Council in Dubai, helping with the accounts department, as well as the human resources and corruption department.  This experience of the workings of an international body gave me a sense of the global scale of such a concern, as well as of the business methods used.  As a keen sportsman, one of my posts has been as a supervisor at the Dubai Tennis Championship, where I managed a large number of staff, an extremely useful preparation for my projected career.  I have also worked in a children’s orphanage in Gujarat, which gave me a healthy insight into the relative nature of material values.

I have a good academic basis for my planned degree studies in the A-level subjects I have undertaken.  A knowledge of economics is, of course, an essential to anyone planning to work in the world of commerce and trading, and my study of geography has introduced me to many aspects of the increasing globalisation of business affairs, and indeed of most human activities. My business studies AS course has also given me a good grounding in the core material of the subject.

Outside my business interests, my main concerns are sporting, where I feel I have learnt many skills which will prepare me for the world of business.  I represented the United Arab Emirates U-17 side in the Asian Cricket Council Cup in 2009, an international competition which called for all my resources of energy and determination.  I have captained my school cricket team for several years, which has developed my team-working skills as well as my powers of leadership.  I play basketball in the school team, and have achieved many successes in championship tennis.

I keep in close touch with current economic and business news in the media, following the Forbes Fortune 100 and reading The Economist.   I find much inspiration in the world’s leading businessmen, the changes they have brought to our society, and the prestige they have so deservingly attained.  I should like to follow their example and become a well known face across the world.  But I am also impressed by their capacity for hard work, their determination, and their human brilliance and resourcefulness.  I am academically very capable, and passionate about my ambitions, very determined, and willing to go to any lengths to realise my plans.  My enthusiasm and undoubted commitment mean that I should bring as much to the course as I draw from it, and I hope you will consider my application.

Hopefully this Business and Economics personal statement will be a useful guide when writing your personal statement during your university applications.

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Personal statement example bsc economics personal statement.

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BSc Economics Personal Statement

Inequality; the perfect word to describe the problematic world that we live in, the world we have made our own. The government takes huge responsibility to the reason as why some countries are poor and some are rich. We have all had an impact on the less fortunate countries, from wasting food to having a long, hot shower. If we switched places with those living in poor conditions, we would not know how to cope. We have been brought up in a selfish society, where we do not think about others. This is why I have a keen interest in economics as I am able to apply my mathematical knowledge to economic issues.

Through recent years I have noticed the growing changes in the exchange rate and have taken a keen interest in learning about how this affects a country's economy. To educate myself further, I have taken part in online webinars, open day lectures and have read through numerous online articles regarding the subject.

Whilst studying towards my Business qualification, I was given the opportunity to partake in a Young Enterprise programme, which involved the creation of an innovative business. I and other sixth form students came together after looking at several business ideas and we decided upon the name “Tech-Ex”. The slogan for the business is “The place for all your tech needs.” I was given the role of Finance Manager, which involved keeping track of the business’s financial position. This included thorough research of various possible products and considering the cost of resources, development and advertising. Using an online database I recorded the business’s cash flow, this entailed keeping a record of all purchases and sales. The business worked a success and we got given the opportunity to visit Lithuania to compete against other businesses within the EU. At the North Wales competition, we won “the best company” award and “the best use of IT and marketing”. This enabled us to compete in Cardiff for the Wales award. The whole team worked together to make Tech-Ex successful, whilst breaking-even within 6 months and making a profit of over £900 within a year.

My main interest in economics stems from my love of numeric based learning. To further my knowledge of the financial sector I volunteered my services to two financial sector based organisations, one was HSBC. During my week of work experience at HSBC, they allowed me to spectate and gather information on the daily activates of a high street bank. This provided me with a great deal of further insight into how banks protect and help their clients, whether they are a business or personal customer they are treated with the same level of respect and provided with the same information regardless of wealth or status.

The other work experience placement that I was involved with was at Sailsbury’s accountancy firm where I was given the task of conducting a tax return for a local business client of theirs. To carry out this task I needed to look across all the businesses invoices over the past financial year and sus out which invoices they could claim against. This involved looking at their recent purchase orders and daily/weekly cashflows. Whilst working at Sainsburys I was placed under the supervision of a fully chartered accountant who delegated some of her tasks onto me, these tasks gave me further insight into the economic difficulties that businesses face such as paying VAT, taxes, employee pension schemes, etc.

Outside of my academic life, I have a keen interest in helping others. I have been a volunteer for The Alzheimer’s Society since 2015, within a year I have gained the title of a support services volunteer. Once a month I visit a surgery and set up a stand with information about Dementia, formally known as Dementia RED. This has been a success and has allowed me to help people with their questions and concerns about their memory or someone else's memory. Being the eldest of all 8 of my siblings I have to set the example and I feel by helping the community I am doing that. Within school, I am a prefect and during November I am going to run assemblies to all of the years about bullying, discrimination, racism, etc. With all the business knowledge I have acquired I am looking forward to gaining an even greater understanding of the daily changes that occur within our economy. I particularly look forward to further educating myself about the various aspects of economics and the doors that this will open for me in the foreseeable future. Although I understand that this degree will by no means be easy and will undoubtedly present me with a multitude of challenges, I know that my strong will and passion towards learning about the future of the world’s economy will spur me on to achieving this degree.

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