finance phd personal statement

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How to Write a Personal Statement for a PhD Program Application

Personal statement guidelines, general guidelines to keep in mind:.

One size does not fit all : Tailor your personal statement to each program and department you are applying to. Do your research to learn what is unique about each of your choices and highlight how this particular program stands out.
Yes, it’s personal : Showcase your unique strengths and accomplishments. Explain what influenced your personal decisions to pursue the program. Ask yourself, could this be applied to your friend or neighbor? If so, you need to be more specific and provide examples. Saying that you are a “good scientist” isn’t enough. Provide examples of your previous research experience, projects you’ve completed, and what technical skills you learned. Explain how you overcame any challenges along the way.
Set aside enough time : Although personal statements are generally short in length (approx. 700 words; 1-2 pages), give yourself ample time to write a strong, well-written statement. It takes more time than you think to develop a final draft for submission.
Focus on your spelling, grammar, and vocabulary : It’s important to present a well-written statement with good grammar and vocabulary. Write concrete, succinct sentences that flow well. Avoid flowery language. Visit the Writing Center for additional review and feedback.
Proofread one more time: Check your grammar and spelling again before submitting your final draft. Ask a friend, professor, or advisor to proofread your final draft one more time before sending it in.

YOUR PERSONAL STATEMENT SHOULD ANSWER THE FOLLOWING QUESTIONS:

Why do you want to complete further research in this field? Write down a list of reasons as to why you are interested in pursuing further study in the field. When did you become interested in the field and what knowledge have you gained so far? Describe how your previous work provided the foundation and for further study.
Why have you chosen to apply to this particular university ? Does the institution have a particular curriculum, special research facilities/equipment, or interesting research that appeal to you?
What are your strengths ? Demonstrate how you stand out from other candidates. Highlight relevant projects, dissertations thesis or essays that demonstrate your academic skills and creativity. Include IT skills, research techniques, awards, or relevant traveling/ study abroad experience.
What are your transferable skills? Be sure to emphasize transferable skills such as communication, teamwork, and time management skills. Give examples of how you have demonstrated each of these with specific examples.
How does this program align with your career goals? It’s okay if you don’t know the exact career path you plan to take after completing your PhD. Provide an idea of the direction you would like to take. This demonstrates commitment and dedication to the program.

ADDITIONAL RESOURCES

For examples of successful personal statements, visit the Online Writing Lab (OWL) .

Chris Blattman

Phd applicants: writing your statement of purpose.

January 11, 2022

I’ve read a lot of personal statements for PhD applications. I sat on admissions at UChicago, Columbia, and Yale, mostly in economics, political science, and public policy. Here’s the advice I’ve given my own students and research assistants to craft their statements. I give it because, sadly, I don’t find most statements helpful. This means they are not helping you, the applicant.

As with all my advice posts, it’s important that students outside elite colleges get this information, so here are some personal thoughts.

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First, let’s clarify your number one job as an applicant: Send the best, clearest signal of your abilities as a future researcher, and minimize the noise around that signal. I explain why in a longer post on whether and how you should apply to PhD programs (including the other elements of an application packet):

the fundamental problems in graduate admissions are “information overload” and “noise”. For every slot in a PhD program, there are probably 30 to 50 applicants. A department that plans to have a class of 20 students may receive 1000 applications. Meanwhile, most departments delegate admissions to a small committee of two to six faculty. They don’t have time to read 1000 applications in detail. And the committee may change every year. Thus, their experience may be limited. And you never know who will be on the committee or what they care about. This adds further randomness. These faculty want to admit the most talented and creative young researchers who will push the field ahead. And they also want you to pass all the most technical classes, because they hate kicking students out. So the admissions committee are looking for strong signals of intelligence, creativity, determination, and other proclivities for research. But this is hard . There are too many applications. Applicants don’t have many good ways to signal quality. All applicants are trying to send the same signals. And there is a ton of uncertainty around each signal. Hence: Information overload and noise.

Yet most schools as for a written statement of some kind. Sometimes they ask for both a biographical statement and a research statement. What do they want and what should you write?

Don’t tell your life story. This statement is not an undergrad entry essay where you describe your life’s trials and tribulations, or your journey to wanting to do a PhD. It’s not that we don’t care. It’s just that it’s probably not relevant to judging your ability as a researcher. If it is, then weave that into the narrative around your research interests and plans. We have hundreds of these things to read and so you only want to focus on the most important information.
Don’t be cliché. Do not start your with your epiphany—the day the scales fell from your eyes and you realized you wanted to be a professor, or were inspired tackle big questions and social issues. Especially if it involves a child in a poor country. This approach is overused and unoriginal, and the information does not help us judge whether you will be a great researcher (see point 1).
Platitudes about wanting to be a professor or researcher
Generic or flattering statements about being excited to join a program, your admiration for the faculty, etc.
Unspecific interests in a research subject or field
Routine information such as “I am graduating in May…”
Filler sentences like “Please find enclosed…”
Start with your broad fields of interest (e.g. “I am principally interested in labor and development economics” or “I want to work at the intersection of comparative politics and international relations”)
Then give 2-3 examples of broad topics and questions that interest you. (“I’m interested in studying inefficiencies in labor markets, especially market power and monopsony. I’m also interested in…”)
Are tenure or tenure-track faculty
Have their primary appointment in the department you are applying to
Are actually there and take students (i.e. they didn’t retire last year, etc.)
You could discuss two ideas in moderate depth, or one idea in greater depth. Either way, I recommend this research discussion be 40-60% of your entire statement.
Ideally this is a question or topic of current interest in the field. One thing I often see is that students are focussed on the research frontier 10 years ago (because those are the papers they read in their classes) and are not clued in to some of the current puzzled and priorities. This is hard to avoid, but some reading and your advisors should be able to help you avoid this.
The best discussions will (if empirical) identify interesting data and discuss plausible empirical strategies. This is difficult, which is why it is a good signal if you do it well.
It’s important to locate your question in the literature without overdoing that discussion. Try to motivate the question with reference to recent and recognizable research papers and agendas. If you are mainly citing articles with few citations, in lower-ranked journals, this is a sign that you need to link your idea to bigger debates in the field, or perhaps rethink the question you are proposing.
This is (in my experience) the most crucial section for most social science departments. Except possibly economics. It’s not clear how seriously many departments take your statement in economics, and some of my colleagues profess to never look at the statement. That may be true, but some will look, and you have to have a statement, so I suggest following this advice to make it a research proposal.
Why you studied physics but now are doing political science
What happened in that single bad semester on your transcript
How to interpret your foreign GPA, and where you ranked in your class
Clarify your classes if they have off names (e.g. “My class called XX was a Real Analysis class using textbook X, and so I have all the mathematical requirements for entry.”
Get help. Your letter writers, professors you work for, or PhD student you know can read and give feedback on your statements. Ask them for their advice. Do this early–a couple months before the application, ideally. they can help you frame your question in a more interesting way, decide what papers to mention, or what is or is not frontier.
Don’t be repetitive. This is not the place to restate your CV (“First I worked for Professor… and then I worked for…”). They have your CV. Use this document to do something no other in your application can do. Only mention work or other experience if you can add essential, high-density information the reader cannot get elsewhere in the application packet. Maybe you picked up specific technical skills working on a project that relate to the research proposal you just described? If not, you don’t have to say anything at all about your past. Just let the research proposal speak for itself.
I recommend using the Hemingway Editor as a tool to write more clearly. Some long and complex sentences are ok, but sparingly. And they can often be improved. Aim for a grade 10 reading level.
Use active voice
Omit needless material and words (see points 3 and 9)
Limit jargon
Each paragraph should be a distinct idea
Paragraphs should have a hierarchical structure, with the big idea or general point as the first topic sentence, and the rest of the paragraph elaborates. Someone should be able to get an “executive summary” but simply reading the first line in every paragraph. they should make sense as a story/summary.
Use subheadings if possible, to delineate sections such as your broad fields of interest (point 4), your research proposal (point 5), and other key information (point 6)

This is just my view. Other professors will have different preferences and advice here. So ask them. Get more opinions. Or put your advice in the comments below.

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Writing Your Personal Statements

Your personal statement must demonstrate to the admissions committee that you have considered graduate school and their specific program seriously. It’s your opportunity to summarize your academic and research experiences. You must also communicate how your experiences are relevant to preparing you for the graduate degree that you will be pursuing and explain why a given program is the right one for you.

The personal statement is where you highlight your strengths. Make your strengths absolutely clear to the reviewers, because they will often be reading many other statements. Your self-assessments and honest conversations with peers and advisors should have also revealed your strengths. But you must also address (not blame others for) weaknesses or unusual aspects of your application or academic background.

Your personal statement should focus on two main aspects: your competence and commitment.

1. Identify your strengths in terms of competence that indicate that you will succeed in the grad program and provide examples to support your claims. Start your statement by describing your strengths immediately. Because faculty will be reading many statements, it’s important to start off with your strengths and not “bury your lede.” Consider traits of successful graduate students from your informational interviews, and identify which of these traits you have. These traits could involve research skills and experiences, expertise in working with techniques or instruments, familiarity with professional networks and resources in your field, etc.

Check your responses from the exercises in the self-assessment section. You may wish to consult notes from your informational interviews and your Seven Stories . Write concise summaries and stories that demonstrate your strengths, e.g. how your strengths helped you to achieve certain goals or overcome obstacles.
Summarize your research experience(s). What were the main project goals and the “big picture” questions? What was your role in this project? What did you accomplish? What did you learn, and how did you grow as a result of the experience(s)?

My research examines the interplay between U.S. domestic politics and foreign policy during the Cold War. As a native New Yorker, I saw firsthand how dramatically my city changed after 9/11, which prompted my early interest in U.S. policy at home and abroad. As an undergraduate at the City College of New York, I planned to study international relations with a focus on U.S. foreign affairs. I also quickly became involved in student activist groups that focused on raising awareness about a wide range of human rights issues, from the Syrian refugee crisis to asylum seekers from Central America.

The more I learned about the crises in the present, the more I realized that I needed a deeper understanding of the past to fully grasp them. I decided to pursue a PhD in history in order to gain a clearer understanding of human rights issues in the present and to empower young student-activists like myself.

— Vannessa Velez, PhD candidate in History

Addressing weaknesses or unusual aspects

Identify weaknesses or unusual aspects in your application—e.g., a significant drop in your GPA during a term; weak GRE scores; changes in your academic trajectory, etc. Don’t ignore them, because ignoring them might be interpreted as blind spots for you. If you’re unsure if a particular issue is significant enough to address, seek advice from faculty mentors.
Explain how you’ll improve and strengthen those areas or work around your weakness. Determine how you will address them in a positive light, e.g., by discussing how you overcame obstacles through persistence, what you learned from challenges, and how you grew from failures. Focusing on a growth mindset or grit and this blog on weaknesses might also help.
Deal with any significant unusual aspects later in the statement to allow a positive impression to develop first.
Explain, rather than provide excuses—i.e., address the issue directly and don’t blame others (even if you believe someone else is responsible). Draft it and get feedback from others to see if the explanation is working as you want it to.
Provide supporting empirical evidence if possible. For example, “Adjusting to college was a major step for me, coming from a small high school and as a first-generation college student. My freshman GPA was not up to par with my typical achievements, as demonstrated by my improved GPA of 3.8 during my second and third years in college."
Be concise (don’t dwell on the issues), but also be complete (don’t lead to other potentially unanswered questions). For example, if a drop in grades during a term was due to a health issue, explain whether the health issue is recurring, managed now with medication, resolved, etc.

2. Explain your commitment to research and their graduate program, including your motivation for why you are applying to this graduate program at this university. Be as specific as possible. Identify several faculty members with whom you are interested in working, and explain why their research interests you.

Descriptions of your commitment should explain why you’re passionate about this particular academic field and provide demonstrations of your commitment with stories (e.g., working long hours to solve a problem, overcoming challenges in research, resilience in pursuing problems). Don’t merely assert your commitment.
Explain why you are applying to graduate school, as opposed to seeking a professional degree or a job. Discuss your interest and motivation for grad school, along with your future career aspirations.

I am definitely not your traditional graduate student. As a biracial (Native American and white), first-generation PhD student from a military family, I had very limited guidance on how best to pursue my education, especially when I decided that graduate school was a good idea. I ended up coming to this PhD in a very circuitous manner, stopping first to get a JD and, later, an MFA in Young Adult Literature. With each degree, I took time to work and apply what I’d learned, as a lawyer and as an educator. Each time, I realized that I was circling around questions that I couldn’t let go of—not just because I found them to be fascinating, but because I did (and still do!) feel that my research could help to bridge a gap that desperately needs bridging. Because my work is quite interdisciplinary, I strongly feel that I wouldn’t have been able to pursue this line of research without the degrees and life experience I gained before coming to this program.

— Jamie Fine, PhD candidate in Modern Thought and Literature

Statement of Purpose: subtle aspects

Think in terms of engaging faculty in a conversation rather than pleading with them that you should be admitted. Ask reviewers to read drafts with this concern in mind.
With later drafts, try developing an overall narrative theme. See if one emerges as you work.
Write at least 10 drafts and expect your thinking and the essay to change quite a bit over time.
Read drafts out loud to help you catch errors.
Expect the "you' that emerges in your essay to be incomplete. . . that’s OK.
You’re sharing a professional/scholarly slice of "you."
Avoid humor (do you really know what senior academics find funny?) and flashy openings and closings. Think of pitching the essay to an educated person in the field, but not necessarily in your specialty. Avoid emotionally laden words (such as "love" or "passion"). Remember, your audience is a group of professors! Overly emotional appeals might make them uncomfortable. They are looking for scholarly colleagues.