The challenge in the oil and gas industry has been brewing for some time and the recent negative crude price on 21st April 2020 showcase the challenge I face. In this challenging period, I have decided that I will upskill myself and be better for the next phase of growth. I have accepted my offer to study Masters in Business Administration in Mannheim University, Germany. This prestigious program is ranked #9 by Forbes for its global program (non-USA) and has an extremely low acceptance rate of 16%.
This is the second time the O&G industry has challenged me. During my Degree’s internship with Petronas (Fortune 500 company), I was offered a conditional offer after my internship with Petronas to return in one-year time at the end of my degree and was eagerly looking forward to this. Alas, this offer letter was rescinded as the world crude price dropped at an unprecedented rate resulting in industry tightening, especially at the upstream sector of it.
Nevertheless, I believe it is our motivation to be better in life that will help me go through this. Being the middle child of 3 children, I was brought up in a middle-income family. Both my parents have retired for years and I still support my family in nominal amounts from my salary which will stop in June 2020. My elder brother, is currently unemployed and whereas my sister has 1 year working experience as a bank credit analyst. In my family, I am the only person staying in Kuala Lumpur due to my current work and the rest of my family is in Borneo. This is an example of my independence which is also illustrated in my self-funded degree via Government’s education loan. This loan was later converted into a scholarship with no repayment required due to my good results in achieving a first class honours in Chemical Engineering and being the first person in my family to get a Degree. I hope to be able to continue this success as a pursue my Masters.
Due to family financial challenges, my family will not be funding this journey of mine despite having their full blessing to push myself to new challenges. Nevertheless, the inspiration that my father left with me still burns in me. On the wall of my parents’ room hangs a framed Bachelor’s Degree letter of offer from the University of Sheffield that my father had to decline as my grandparents could not afford it after fleeing from mainland China. Despite the financial constraints of a lower-middle-class income family, my parents have been nothing but supportive and have imparted in me the values of independence and grit. I know my success is dependent on my courage and commitment.
Although the school is extremely reputable, scholarship from is extremely limited by industry standards. The funding of my studies is currently only from study loans and personal savings from my brief working experiences. I have obtained a German study loan that will be able to cover 80% (EUR31,000) of my tuition fees at an interest rate of 8% which is quite taxing. The balance will be covered from my own savings. I intend to use your support to cover my living cost which is estimated to be approximately EUR1000/month. Every donation from you of any value, will be a small step to fund my living cost.
"We Make a Living by What We Get, We Make a Life by What We Give"