美国签证白皮书/Jacky Jiang-The State Uni. of New York

The State University of New York, at Buffalo, Finance,南开大学本科，清华应届MBA案例特点: 99年两次被拒+大龄+工作经验+北京签证+一般学校

1) What will you study in the United States?I will pursue my doctorate degree in finance in The State University of New York, at Buffalo

2) What is your major? In what aspect of your major will you study? My major is finance. I will concentrate on corporate governance.

3)What will you do in USA?I will pursue my doctorate degree in finance in SUNY-Buffalo. In the first 2 or 3 years, I will do coursework on general finance theory. In the following 2-3 years, I will make intensive research on my chosen area, corporate governance.

4) Are you going to study in USA? Right, I will pursue my doctorate degree in finance in The State University of New York, at Buffalo.

5) When/where did you get your BS/MS? I got my bachelor's degree in International economics in Nankai University in 1998. And I will obtain my MBA degree from Tsinghua University in this July.

6) What/where are you studying now? I am a second year Tsinghua MBA student, with a concentration on finance. I have done extensive coursework on finance and my graduation thesis is about the follow-up integration process after a corporate merger & acquisition transaction.

7) How long will you study in USA? 4 to 5 years, depending on my progress. In the first 2 or 3 years, I will do coursework on finance theory. In the following 2-3 years, I will make intensive research on my chosen area, corporate governance. 8) Have you any scholarship? The school offered me a full financial aid, Joseph A. Alutto Fellowship, for 4 years. It's a special scholarship only awarded to outstanding PhD students.

9) What do you want to study in USA? Finance, with a concentration on corporate governance.

10) What do you do with your work for BS/MS/PhD? My career is to be a financial specialist in corporate merger & acquisition transactions in domestic market. So after my graduation in the States, I will come back China, find a good position in a domestic financial firm. Actually I have been working with 2 domestic financial firms since last Nov. First one is China Merchants Security Co. Ltd. The second one is Puttin Investment Management Co. I have talked my plan with my bosses in these 2 companies. They both highly appreciate my decision. Here is the supporting letter from the general manager of the second company. He promised to give me a good position when I come back. Wanna have a look?

11) What is your purpose for the Visa? I need F-1 Visa to go to the States to pursue my doctorate degree in The State University of New York, at Buffalo.

12) What is your academic background? During my undergraduate years in Nankai University, I built solid foundation in economics theories and mathematics. During the past 2 years in Tsinghua, I did extensive research on finance. My MBA graduation thesis is about the follow-up integration process after a corporate merger & acquisition transaction. And I will get my MBA degree from Tsinghua University in the coming July.

13) How do you know this Univ.? When I chose my application target, I carefully studied all of the top fifty American business school's PhD programs. I only applied 5 schools that fit me very well, including Purdue, MIT, Rochester, Boston College and Buffalo. Buffalo gave me the offer. 14) What is your plan? What will you do after graduation? My career plan is to be a financial specialist in corporate merger & acquisition transactions in domestic market. So after my graduation in the States, I will come back China, find a good a position in a domestic financial firm. Actually I have been working with 2 domestic financial firms since last Nov. First one is China Merchants security Co. Ltd. The second one is Puttin Investment Management Co. I have talked my plan with my bosses in these 2 companies. They both highly appreciate my decision. Here is the supporting letter from the general manager of the second company. He promised to give me a good position when I come back. Wanna have a look?

15) Give me three reasons that you will come back to China? First, my achievement in industry needs a strong network support. My MBA alumni, the future top management in China, is my greatest treasure when I come back to begin my own career. But I don't have such a strong network in the States. So definitely I will come back. Second, there is always a huge gap between the supply and demand on the oversea Chinese finance expert in domestic market. But I don't have advantage over American native if I compete with them in US job market, let alone the cultural difference. So definitely I will come back China. Third, my family, my parents will be in their 70's when I graduate. I must come back to support them, to fulfill my responsibility as a son. So, you see, definitely I will come back.

16) Can you explain why 90% Chinese students didn't come back? Are you sure about the number? The last time I came here for Visa in 1999, the Visa officer told me it's over 95%. So you know, more and more Chinese students are coming back. Finance is a highly culture related field. As you know, the best business Chinese students go for advanced research in US, and we are highly welcome by domestic firms. We will be offered comparable salary and even higher position than in US.

17) Why do you choose this Univ.? There are 4 reasons making Buffalo distinguished. First, my future advisor, professor Kee H. Chung, the chairman of Buffalo's finance department, is the leading scholar in my chosen area, corporate governance. Second, based on the latest ranking by US News and Business Week, Buffalo has one of the best business schools all over the world. Third, Buffalo also enjoys high prestige in China. In 1984, under President Reagan's help, Buffalo established the first US MBA program in China. President Reagan himself announced the opening of the program in his trip to China. Buffalo does have good prestige in China in both academic community and industries. Fourth, Buffalo's program is a small one. Actually, they only admit one finance PhD each year out of hundreds of applicants. It means that I will have much more opportunity to cooperate with the faculties, to discuss my research work. Here are some articles from Buffalo's website, on the rankings, on the schools, and on my advisor. Wanna have a look? 18) Why do you like your major? Finance is all about the management of fund, and everyone need finance himself first. So I like finance.

19) Why do you want to study in USA? First, modern finance theory originates in the States. Fama built the foundation of efficient market theory, Porter hypothesis the corporate finance theory. Finance research is more systematic is US. Second, I can get the cutting-edge information and education program in the States. But in china, finance is just an emerging subject. We have stock market from 1991 and mutual fund market in 1998. It is too short to carry out a mature finance PhD program. So I want to study in USA.

20) Why do you want to pursue a doctor's degree? / You will have your MBA degree soon, why bothers another 5 years to pursue a doctor?My career plan is to be a financial specialist in corporate merger & acquisition transactions in domestic market. A MBA degree is far from enough for me to realize my plan. A US PhD degree is an important credential for me to realize my career objective. It will lead me to the kernel, to touch the essence of financial transactions. Actually, we use more and more modeling and quantitative analysis in the corporate control management and pricing. This expertise does need a lot of training in school

21) Why do you receive financial aid from this Univ.? As you can see from the offer letter and supporting letter from the school and my future field advisor, I have demonstrated both outstanding academic performance and great working experience in my application, so the school gave me the offer to support my research at Buffalo.22) What is the difficult class do you have? For me, the most difficult lesson I had is the business law, not only in class but also in the market. You know, there are thousands of different regulations and laws currently in China. Some are justified, but some are not. They produced huge obstacles to our finance guys in practice. But, anyway, we must keep all the provisions in our mind.

23) Do you want your wife to go with you? I am single.

24) Why do you change your major?

25) What's the difference between your major now and the major in USA?Compared with the research in US, China's finance research is rather under-developed. First, in china, finance is just an emerging subject. We have stock market from 1991 and mutual fund market in 1998. It is too short to carry out a mature finance PhD program. Second, the scope of finance is different in US and China. In US, finance only has 2 sub-categories, assets pricing and corporate governance. But, in china, typically speaking, finance department in university not only deal with corporate finance and asset pricing, but also research international finance and public finance, which are offered by Economics department in US.