Waikato Management School
March 31, 014
Dear Sir/Madam,
I am applying for admission to the Ph.D. program in Finance under Waikato Management School (WMS) because I want a career in the research and teaching of finance. I have chosen WMS since the tuition fees are less compared to the other universities at the same standard in the world. It is also ranked within the top 2% universities in the world. Moreover, I have heard about Ph.D. program from one of my mates of under graduation who has already completed PhD from WMS and am impressed with the emphasis placed on technical and analytical skills, general management orientation and rigorous research methodology. I believe that the Ph.D. program in Finance under WMS would be invaluable in helping me to pursue my career objective in the research and teaching. Although I have started my career at the corporate sector, the last two years of teaching and consulting experiences has strongly motivated me to settle down in the research and teaching career for the rest of my life.

I completed my BBA from School of Business of North South University, Dhaka, Bangladesh, majoring in Finance & Accounting. During my under graduation, I did three comprehensive researches as course requirements that had basically introduced and inspired me to the research works initially in my life. The first one was to find if the governance of Dhaka Stock Exchange (DSE) has any positive relation to the under pricing or overpricing of the shares. The second was to examine if covered interest parity exist between Bangladesh and India in International Financial Management course. The last one was to examine the factors that determine the Economic Order Quantity in the ready-made garment sector in Bangladesh in Operation and Supply Management course. Other than the researches, I had to submit report at almost all the courses that helped me gain a broad exposure to different industries home and abroad. Otherwise, it would not have been possible to study specific business and technology related issues in depth. Although academically I did not perform to my satisfaction (I finished with a GPA of 2.96, partly due to financial & health reasons), I tried to make it up at my masters. If you look at my transcript, you would find that the first two years of my under graduation is better compared to last two years.
I have started working in the Bad Debt and Churn Management department of the leading telecommunication company in Bangladesh right after the completion of my bachelor degree. The main objective of the Bad Debt & Churn Management department is to conduct a continuous research to find out the factors to reduce the bad debt & churn rate. Before leaving for United Kingdom for my Msc program, I worked in a management consultancy firm named Management Consultancy Services Ltd for six months where I professionally attached myself to the field work. I developed job description, compensation and benefits packages, and reviewing current salaries and proposed new salaries, developing organ gram and span of management and proposing pension and gratuity fund for Shepherd Group of Industries. The company was a joint venture project between Taiwan and Bangladesh operating in textile industry in Bangladesh. This work allowed me to gather current information, analyzing it and developing the above mentioned activities after interviewing each and every employees and workers at all levels.
I finished a diploma in business administration from Churchill College, London before commencing my Msc in United Kingdom. I started my Msc in Finance & Investment Analysis in 2009 and successfully completed it in 2010 with merit at Maritime Campus of University of Greenwich, London. The dissertation of my Msc program was the valuable piece of research work so far in my life. The three steps model of portfolio formation, portfolio beta estimation, and testing, each step happening in a subsequent time period of Fama and MacBeth (1973) had been applied in a modified way in my dissertation to re-examine how beta, size and book-to-market effect the UK stock returns.
I am currently teaching at university level and before that I worked as an assistant Financial Consultant into the Governance project of Dhaka Stock Exchange which was run by the joint authority of Securities and Exchange Commission, Bangladesh and Asian Development Bank.
I have the skills, abilities and efficiency with effectiveness necessary to complete the doctoral degree at WMS in Finance if the admission committee allows me to enroll at WMS.
Thank you for considering my application anf I look forward to your acceptance.

Sincerely Yours,
Emran Shariar