STATEMENT OF PURPOSE: Munish kumar

Diploma of Commerce Leading To Bachelor of Business (Accountancy)

RMIT University

Introduction: I am glad to introduce myself, I am Munish Kumar. I was born on 02-

03-2001 at Panchkula, Haryana. I have recently passed out of my school and now I
am eager to study commerce, accountancy and business at globally reputed RMIT
University in Australia.

Information about my Personal Ties to India: In India, the most important tie is with
my family, community and friends also. I belong to a nuclear family. There are five
members including me, my grandmother, my father, my mother, and my elder
sister. My sister is also a student. There is no one from my family who is studying or
living in Australia. They all live in India and my personal bonding with my family is
very strong. Being born and brought up in India I feel a great connection with my
mother land. So after completing my education in Australia, I will definitely come
back to India to join my family members. Being a responsible son, I want to be
capable to take care of my family and take my father’s responsibilities on my
shoulders. Also in India, I have a very good opportunity to be a successful person
due to the scope of my chosen field of studies.

Information about my Financial Sponsors and Economic Ties to India: I belong to a

highly reputed and financially strong family. My father, grandmother and maternal
grandmother are sponsoring me. I have a total to ........... amount for funds after
paying my fee. My father works in Haryana Shehri Vikas Pradhikaran (HSVP) as a
Senior Scale Stenographer and the annual salary of my father is 6,26,000 lakhs/year.
Talking about my grandmother has some agriculture land on lease basis and she is
giving me a total 19,51,225 lakhs in form of fixed deposit. My maternal grandmother
is giving me 10,63,704 lakhs and this amount comes from financial assistance from
the court on the death of my maternal grandfather. Hence, my family is fully capable
of taking care of all the expenses associated with my studies. Further, my family also
own many fixed assets and land properties (worth approx. 2 crores) which are
inherited from elders of family.

Information about My Academic Journey: I have studied at one of the premier

institutes of our area, Major Nitin Bali Gita Niketan Vidya Mandir, Kurukshetra. I have
completed my 10th class from Haryana Board of School Education in the year 2015
with 62.60% marks in first division. After completing my 10th class exams, I had
completed my Senior Secondary with the Haryana Board of School Education in the
year 2018 in the commerce field. I have completed my 12th class in 2018 instead of
2017 because my performance was not good in my senior secondary examinations
which were held in March, 2017. The main reason behind this situation was the
miserable condition of teaching facilities present at our school. The accounting
classes remained irregular due to the unavailability of a dedicated teacher. There
was no permanent accounting teacher for class 12th till August end in our school, so
classes could not be held regularly. However, the school has appointed a new
teacher in the mid session of the class which was actually very late. Apparently, he
has also resigned from the school just 3 months before our final examinations. As a
result, the average result for my session of 2016-2017 for 12th class was below
average and the majority of students including me got failed in my batch. I have just
wasted one whole year of my academic career. I felt really disappointed and
completely shattered at that time. Seeing this, parents have talked to me about my
future. I told them that I want to study at highly renowned Maa Saraswati Shiksha
Niketan Senior Secondary which is located in a nearby city, Kaithal. After listening to
me, my parents also felt happy and motivated me to further resume my studies.
Thus, I restarted my 12th class studies at highly reputed Maa Saraswati Shiksha
Niketan Senior Secondary School, in year 2017. After joining this school, I felt
difference in teaching as the teachers there are highly focused on making the career
of their students. As a result, getting all necessary support and facilities at this
school, I excelled in my academics and completed my 12th class successfully in
2018 and scored 63.80 % marks in first division.

Motivation to choose Accountancy as a Career: As an aspiring student, I am very

much fascinated by the thought of having a prominent career in the corporate field
of business and accounting. Better accounting and business solutions leads the
corporate houses to different dimensions of business and professionalism.
Accounting is a dynamic theme as the  scope of accounting  has increased many
times in recent decades. The number of accounting professionals is constantly
gaining momentum with changes in socio-economic change in the world economy.
To do a business correctly, one should need to follow certain accepted accounting
principles that ensure consistency for professionals such as bankers and tax
preparers and for this purpose, I am intended to gain a professional qualification in
this field.

Benefits of International Qualification over a Domestic Qualification: There are

many benefits of having international education over the Domestic education. Firstly,
international programs give both practical knowledge and theoretical knowledge, on
the opposite side domestic education doesn’t provide practical knowledge.
Moreover, the international education system is based on the completely latest
syllabuses which pass to deliver the extensive knowledge to students; on the
contrary, our domestic education system is based on the completely outdated
syllabus which fails to deliver the expertise and required knowledge to the students.
Also, employers prefer to hire candidates who have completed a degree abroad and
in domestic education student who has completed the same degree and has similar
work experience cannot easily hire. That’s why I don’t want to limit my career
prospects by choosing a Domestic Qualification.

English Language Proficiency Score Details: For taking admission to an

international level, I searched for the requirements to study abroad. I found that I
should give an English language test. Then I gave my PTE exam on 20th Dec, 2018
and got 58 score overall and individual score in Listning-53, Reading-52, Speaking-
66, Writing-59. This score made me eligible to study at a reputed university in
Australia.

My Knowledge about the Proposed Course Contents and its Benefits: My course is
a combination of Diploma of Commerce leading to Bachelor of Business
(Accountancy). I have decided to take the diploma not direct degree because
through diploma I will learn basic skills and short class size, so we can interact
teacher directly also, less fee. The diploma of commerce contains 8 business core
courses: Commercial Law, Accounting, Business Statistic, Prices and Market,
Introduction to Management and Macroeconomic. Each of them contains 12 credit
points so diploma consists of a total of 96 credit points. After completion of my
diploma, I will start my bachelor at RMIT University. I will get direct entry to second
year in bachelors. The program consists of 16 courses (each 12 credit points)
including 8 subjects of accounting major and 8 flexible courses. The subjects in
this accounting major are Financial Accounting, Taxation, Financial Account
Theory, Performance Analysis, Management Accounting and Business. After that,
there are 8 flexible courses which include a second business major. A second
business major can be selected from accounting, economics, finance, financial
planning, management and marketing. I will choose management and there are 8
subjects under this major which are Work in Global Society, Leadership and
Decision Making, Strategic Management and Organisations Analysis. The total
duration of my program is three years and the diploma fee is 27,360 AU$
approximate and the 2 years degree cost is 58,368 AU$ approximate.

Value and Benefits of the proposed course: I can say that my program at this
university will give me the essential information in a better way which will surely help
me to develop required skills in this field. In diploma studies, the general introduction
to business studies covers the fundamentals of management, accounting and
marketing, and equips graduates with communications and management skills in
demand by industry. I will get taught by caring, understanding and industry trained
teachers who will personally support and guide me to on this journey to my
international career destination. I will be able to demonstrate my professional and
vocational skills by completing an activity in a work context or internship; and
interact with industry and the community when I will undertake this activity and
benefit from their feedback. On the basis of this degree, I can pursue the career in
the private and public sectors, small and large enterprises and across the full range
of industries.
Research about my chosen Education Provider in Australia: RMIT (Royal Melbourne
Institute of Technology) is one of the oldest universities in Australia as it was
founded in 1887 and providing education in the arts, technology and trades, to
become a global university of technology, design and enterprise offering
postgraduate, undergraduate and vocational programs in the year 1992. It is located
in Melbourne and there are three campuses such as Melbourne city campus,
Bundoora & campus Brunswick campus and it is the home to approximately 26000
international students from more than 100 countries. RMIT ranks in the top 1% of
global universities. It is ranked at 250th position in the 2019 QS World University
Rankings. RMIT is among the world’s top 100 universities for the Business and
Management Studies courses according to 2018 QS World University Rankings by
subject. According to Academic Ranking of the World Universities 2017, RMIT is
ranked among the world’s top 200 universities in five subjects including business
studies. RMIT is also ranked in the world’s top 500 universities in Times Higher
Education World University Rankings 2017. RMIT also get 84th position for graduate
employment rating and 88% of graduated student find very good jobs in their field.
RMIT is also committed to sustainability, with reduced energy and water use, and
has been accredited with a 5-star green rating. RMIT international business program
gives the skills to analyze and complete the complex operation of the global
organization. Also, RMIT Trading Facility is amongst the largest of its type in
Australia so I can get valuable experience there. That’s why I am choosing RMIT for
my higher studies.

Research about other study options in Australia: Before finalizing this university, I
have also searched for many other Australian Universities which are providing my
desired course. In my search, I found that RMIT University, Queensland University of
Technology, University of sunshine coast and Griffith University. RMIT University is
a young institution. The undergraduate percentage of RMIT University is 79.80%,
Queensland University of Technology have 74.9%, University of sunshine coast have
74.6%, Griffith University have 76.2% of undergraduate students which are less as
compared to RMIT. RMIT also have a high international student ratio of 46.3% while
%, Queensland University of Technology have 15.7%, University of sunshine coast
have 11.2%, Griffith University have 21.3% of overseas students. It shows that RMIT
University is highly preferred by international students for their higher studies.
According to QS world ranking, RMIT ranked at 250th position, Griffith University is at
325th rank. While UniSA and QUT have some better rankings than RMIT but the
tuition fee at these universities very high as compared to RMIT. By choosing RMIT
University, I am choosing a world-class experience with all the required facilities at
very affordable costs. So, it is the best place to study in Australia.

Research about the potential circumstances in Australia: Australia is one of the top
three countries for student destination as it has 8 of the top 100 universities and
best colleges in the world. The course structure, curriculum and infrastructure
available in Australia and are the latest and also the faculty is up to date with result
oriented motive. Further, Australia has an international reputation as a provider of
quality education and globally recognized. It offers a highly efficient learning
environment which provides excellent study opportunities and support services for
international students. Australia provides a unique kind of education and a learning
style that encourages one to be innovative, creative and think independently.
Australia has tropical climate similar to India which would help me to adjust easily in
a different continent. Australia has a moderate, highly educated culture with a thrust
for knowledge and research. Australian government also promotes the international
students by providing 200 million dollar scholarships per year. I have chosen
Australia for many reasons; at first Australia’s degree is recognized worldwide and
especially in India.The graduates from Australia are very successful in finding jobs
and hold prominent positions worldwide. Due to Australian Qualification Framework
(AQF), Australian qualifications are recognized by international employers and
leading educational institutions around the world. Australia’s approach towards
education is based on individuality and fresh thinking.

Research about the city I am going to start my studies in: Melbourne: As it will be
my first time when I will be leaving my family nest and will study in Australia, so I am
looking forward for a pretty mind-blowing life experience. Melbourne is world’s one
of the top international student cities and also an education hub. Many of top
Australian universities are located in Melbourne. If I talk about weather conditions,
Melbourne weather is good. I believe that by living in a highly advanced city like
Melbourne, I will be introduced to a variety of new cultures and a highly independent
student life. Melbourne does have a rather international composition, and many
cultures are well represented by things like social clubs, restaurants, and places of
worship etc.

Research about Study Options in my Home Country, India: Since I have completed
my schooling from India, I am well aware of the education system of my country.
And, as per my research, I found some colleges such as Delhi University, Shri Ram
College of Commerce, Loyola College and Hindu college. Firstly, the entry is very
difficult to a good institute even if one has good marks and the cut off these colleges
is around 95%-97%. Moreover, the Indian education system is based on the
completely outdated syllabus which fails to deliver the proper education to students.
Further, there is a caste system and each caste holds different quota levels and the
admission criteria are very high because of the high population and we know India is
the 2nd largest country in the world. Also, people follow the rat race system and in
India, practical knowledge is very less and some college have labs but they don’t use
it for practice. So that’s why I don’t choose India for my higher education.

Research about available Study Options in Other countries apart from Australia:
Being one of the top education destinations the fees of the American Universities are
among the highest in the world. I found that Universities in the USA comes with high
tuition fees, as an example Princeton University $45320 per year, University of
Chicago $53460, Stanford University $16329 which is more than Australian
Universities. Also, most of the USA colleges require that you take one or more
admission tests such as SAT, ACT and TOEFL which are not available in other
countries. While I was searching about Universities in the UK I found that there are
blacklisted institutes in the UK such as East London based Cambridge College of
learning etc which sold several thousand fake degrees in business management and
The Manchester College of professional studies etc. While reputed universities in the
UK also providing the course with really high tuition fee, some of the examples are
University of Cambridge 31,000 pounds/year, Oxford University 21,000
pounds/year and University of Exeter 16,400 pounds/year which are really
unaffordable for me. Talking about Canada, the weather condition is not suitable
thus living there would definitely be a challenge for me. I also got to know that the
bachelor degree programs in Canada are of 4 years but in Australia, a bachelor
degree span over 3 years which gives an opportunity to early start the career. Also,
20% of Canada people use the French language this would also a big problem for
me if i choose to study in Canada. On the other hand in Australia living standard is
best in the world and less crime rate and amazing education system.

Research conducted by me about my future career options and how this

international qualification will help me in achieving my career goals in my home
country, India: After completing my education at RMIT University, Australia I would
definitely come back to my home country and with my international knowledge and
degree, I will get various jobs such as cost accountant, internal auditor, external
auditor business analyst and financial reporting manager. The leading companies in
my home country in the field of accounting are American Express, Bajaj Finance,
Royal Bank of Scotland, Deloitte, IBM Global Business etc. I want to start my career
as an Auditor. An auditor is a person or a firm appointed by a company to execute an
audit. The auditor has a responsibility to plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement and responsible for preparing reports, examining records and
operating documentation. The main goal is to check financial data for forecasting
purpose. According to www.payscale.com, the average salary of the auditor is
around 9 to 10 lakhs in my home country. However, my long term career goal is to
become Chief Financial officer (CFO) where the salary ranges from INR 16-17
lakhs/year according to payscale.com. It is a well known fact that Indian Employers
prefer to hire candidates who have completed a degree abroad with relevant
academic score and work experience over a student who has completed the same
degree and has similar work experience in India.

Research conducted about the Accommodation Options in Australia, near to my

Campus: I just want to live near the campus at my university because it will be really
convenient to access my university daily. I will also reduce my travelling for this
purpose, I had searched on the internet and I found that various websites such as
www.flatmates.com.au, www.gumtree.com.au, www.realestate.com.au etc which
are showing vacant apartments near to my campus. I can find a room in a range of
AUD $200-500 per week. The nearest available locations to my university campus for
the apartment for rent such as Orr street, Dorrit street, Keppel Street and Barkly
street near Melbourne Museum. After finalizing my arrival date, I will book a place
online for me from India only before arriving in Australia, so that I can be sure about
my accommodation.

Information about study visa conditions – Subclass 500: I should maintain the
following conditions imposed by DHA during my stay in Australia:

I student should dedicate at least 20 hours per week to my studies and I have to
maintain 80% attendance and 50% pass grade in my course.
Further, I can work up to a maximum limit of 40 hrs per fortnight during the
studies.
I must maintain Overseas Student Health Cover for the entire duration of my
stay in Australia.
Also, I should report any change in personal information of address or contact
number to the University within 7 days.
I must not be involved in activities that are disruptive to, or in violence threaten
harm to, the Australian community or a group within the Australian community.

Information about my Immigration History: No, I don’t have any immigration history
and this is the first time I applying for any international University.

Therefore, I request you to grant me a visa which will allow me to study at RMIT
University, Australia. I feel that studying at RMIT University will be the most logical
extension of my academic pursuits and a major step towards achieving my
objectives. It provides a unique mix of educational advantages. I assure you that I
will make the most of myself, and will be unsparing in my efforts to scale great
academic heights bringing laurels to this institution. All I need is an opportunity that
shall lay the cornerstone of my career and give me success in my home country,
India.

Thanks & Regards,

Munish Kumar