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Motivation Letter
Sample
Dear Sir or Madam:
I am writing to apply for the Master in Finance & Accounting program at the London School of
Economics and Political Science starting in the autumn 2012. The degree from one of the most
recognised and prestigious business schools is my chance to make a substantial progress in personal
career and thus contribute to Ukrainian economic development.
Ukrainian economy is an emerging market whose economic evolvement is extremely dependent on
investments. I started explorations in investment valuation when studied at the university. I found out
that low sovereign risk was one of the most important factors for successful investment activity in
emerging markets. My research was concentrated on development of an econometric model for
measuring a sovereign risk of Ukraine. The model allowed not only to obtain a quantitative assessment
of Ukrainian sovereign risk but to define macroeconomic factors that influenced it the most. The results
of my explorations were highly evaluated by Victor Pinchuck’s and Ivan Puluy’s Foundations as I won
two scholarships. Studying at the London School of Economics and Political Science will allow me to
obtain necessary skills and knowledge in investment valuation and analysis to proceed with my
explorations and make my model widely circulated among domestic and foreign investors.
In addition, the Master’s degree from the LSE is crucial for my career growth. I have already made a
substantial career progress from an intern position to a senior analyst at Metinvest Holding, the largest
steel & mining company in Ukraine. It took me only two years to grow up and prove to my colleagues
that my knowledge and abilities were enough to work in a highly competitive and complex business
environment. My future career perspectives strictly depend on educational progress due to the fact
that my managers and directors already have foreign institutions’ diplomas that allow them to
communicate with our overseas partners in one language of business and financial terms.
As a senior analyst at Strategy & Business Development department I studied opportunities for steel
consuming sectors development in Ukraine. One of the most attractive options exists in wind energy
sector that is very steel intensive. During the project I had a chance to participate in the international
conference devoted to consideration of successful factors to implement wind energy projects in
Ukraine. All of participants, included foreign wind turbine manufacturers, investment banks and
international financial institutions, pointed out that they needed reliable partners to start business in
Ukraine. As a representative of Metinvest Holding I experienced lack of world-class investments
valuation and expertise practice to assure foreign investors that our company could be a reliable
partner in this complex and cross-industrial business. Diversification of energy sources is one of top
priorities in the long-term national energy policy that is why succeeding in wind energy projects is
significant for energy independence of Ukraine.
I am pretty sure that acquaintance with world-class investment valuation and risk assessment
procedures is my chance to make substantial career progress. As the Master of Science in Finance &
Accounting I would manage complex investment projects in steel and related industries, for example,
wind energy attracting foreign investments in Ukraine. I would also be able to assure foreign investors
that sovereign risk can be easily measured and we know what factors influence it.
Since studying at the university I have been steadily developing personal communication and
presentation skills. I participated in more than ten international and regional student scientific
conferences in Ukraine and abroad. There were no conferences where I did not take a prize place. My
presentation skills were significantly strengthened during work at Metinvest Holding as I was urged to
prove rationale of various investment projects and market strategies to company’s top management.