As I begin to write
this essay for M.Phil in Economics at Oxford, I see it as the answer to the
simplest question I’ve been asked. My supervisor at McKinsey once probed ‘What makes you want to wake up every day?’ I have thought
intensively about it for a year, and concluded that it is the desire to see
people, myself included, live a life of happiness, contentment and
self-actualisation.
I believe that self-actualisation
is driven by opportunities. The transmission of capabilities and networks within
a family, while leading to great progress, also leads to inequality of
opportunities. For example, I see education as both progressive and divisive –
it is an enabler for greater opportunity, but also intrinsically linked to the
parents’ status.
My father grew
up in Gorakhpur in under-developed Uttar Pradesh. His decision to seek
employment outside Gorakhpur and his steadfast support for the best education
for me, financial constraints notwithstanding, enabled me to hone my academic
and literary skills. I stood third among over 600,000 candidates in the Class
XII board exams. I then came to study Economics at St. Stephen’s College, aiming
to pursue an MBA and working in the corporate sector; coming from a middle class
family, financial security was my primary concern. I topped the Common Admission
Test (CAT) among 180,000 candidates, the only arts student to do so. I was
offered admission to MBA by all the top IIMs – Ahmedabad, Bangalore, Kolkata –
and by ISB, Hyderabad. At college, however, I had found my true calling. I
thoroughly enjoyed Economics; I stood 1st in the graduating class
and engaged in a lot of data-driven research. The liberating atmosphere at
college also enabled me to turn down the MBA offers and instead, work at
McKinsey and Co. This decision was the best I could have taken – not only have
I worked in strenuous client-facing situations, but the firm has made me more
passionate about economics and more knowledgeable about India’s social problems
than I have ever been.
To me, however,
everything I achieved was a function of my father’s espousal of good education.
I was, in that sense, lucky - most Indians, who do not go to a top-notch school
or college like I did, start out with a disadvantage. It is with this thought
that, a year back, I made ‘equal opportunity for all’ a personal motto in my
life.
I have made an
effort to study India and its people. My internship at Bandhan Microfinance, consisting
of field surveys at 17 rural locations, was extremely insightful. The grueling visits,
during one of which I had a heat stroke, made me realize just how tough
provisioning of basic services in such areas is. I also saw Bandhan fill the
gap through informal schools and semi-trained health workers. Next year, I
worked as a strategy intern at SochYo, a start-up aimed at helping urban NGOs be
more effective. At McKinsey, my most exciting experience is an ongoing study on
inclusive growth for India. Not only are we characterizing India’s poverty
rigorously, but are also framing broad contours of the potential solutions. For
example, I have leveraged McKinsey’s exceptional network to come up with a new
deprivation-based, solution-focused segmentation of districts.
Based on my
experiences, I believe that creating equality of opportunities involves two
distinct aspects – capabilities and channels. Capability building in others,
especially around education and employability, has come naturally to me. When I
topped the country, several students from less developed regions messaged me. I
tried to help them in every way I could, and then thought of more sustainable
interventions. Open source learning is one - I completely believe in it as the
future of education. I thus uploaded 11 self-made video lectures on undergraduate
econometrics on Youtube. Recognizing the importance of MS Excel today, I initiated
the ‘MS Excel Lecture Series’ at college and also taught it to clients at work.
While teaching English to an underprivileged teenager, I realised the link
between communication and employability. I thus started Absolute Interview, a
website dedicated to helping students, irrespective of their background, have
an equal chance at admissions and jobs through CV restructuring and interview
guidance.
However, I struggled
to make desired impact because of failure to create enabling channels. For
example, as part of a Financial Literacy Campaign, we were able to raise the
number of bank accounts among temporary college workers manifold, but were
unsuccessful in popularizing more advanced products such as insurance and loans.
This, I later learnt, could perpetuate poverty, since lack of inter-temporal
monetary substitutability augments child labour. As an economist, I hope to
break such vicious cycles.
During M.Phil at
Oxford, I will enhance my knowledge and gain practical exposure to careers in
development. My preferred choice of subjects in the second year – development
economics, game theory and econometrics – reflects this aspiration. Skills such
as conducting experiments and surveys using advanced econometrics, and
knowledge of development theories will be immensely useful in my goal. I will
continue to supplement my formal study of Economics with my own study of
politics and history. Oxford will also provide me excellent exposure to
practitioners in the field of international development through lectures and
discussions. I will also evaluate different career paths, since my impact will
be higher at an established organization. At the core of this choice, however,
is my strong affinity for Economics.
One day, I see
myself designing and implementing welfare policies in India, and I view my
primary contributions being academic and analytical insights, and focus on
impact. How I reach that position is a question I deliberately leave
unanswered, because this lack of preconceived career plans has allowed me to
take my best decisions.
In conclusion, Steve
Jobs once said that you can only connect the dots looking backwards. I see all
my experiences coming back to the same idea – my joy in seeing people be the
best they can be. Today, despite a rewarding career in the financial sector, I
want to move decisively on this path. My experiences at Bandhan, SochYo and most
importantly McKinsey, have given me the resoluteness to make this application
with complete honesty.