Engineering

The design stage provides the greatest opportunity to reduce costs the life cycle costs of products. Supply management and the firm’s suppliers have major contributions to make during this process. Question 4 of 16 After realizing true costs in the production stage, the design stage provides the second greatest opportunity to reduce costs the life cycle costs of products. Question 5 of 16 A SMS firm views its quality system and the supplier’s quality system as two parts of a single integrated system. Question 6 of 16 A SMS firm views its quality system and the supplier’s quality system as two separate yester.

Question 7 of 16 Supply management personnel often function as facilitators, coordinators, contract administrators, and consultants in procurement of equipment. Question 8 of 16 Among the reasons that firms utilize leases are: they would like to purchase the equipment at a later time and the firm wants freedom and flexibility. Question 9 of 16 The four formats for statements of work given in the textbook are: performance, functional, design and level-of-effort. Question 10 of 16 Supply management frequently must assume a less active role in services recurrent than when purchasing materials.

Question 11 of 16 Which of the following is not one of the typical questions to ask prior to inviting a supplier into the design process as presented in the book? A. Will the supplier be able to provide price concessions B. Will the supplier be able to meet our cost, quality, and product performance requirements? C. Does the supplier possess the required engineering capability? D. Will the supplier be able to meet our development and production needs? E. Does it have the necessary physical process and quality capabilities required? Answer Key: A

Question 12 of 16 Which of the following is not associated with the development phase of the design process? A. Development of prototypes B. Design reviews C. QualifIcation testing D. Failure analysis E. Value analysis Answer Key: E Question 13 of 16 following activities except one in the list. Which activity does not fit? A. Make or Buy and Outsourcing Analysis B. Select Components, Technologies, and Supplies C. Stress Testing D. Marketing Analysis E. Failure Analysis Answer Key: D Question 14 of 16 Which of the following is not a generalization about value? A.

Value can be defined s the lowest end cost at which the function can be accomplished at the time and place and with the quality required B. Value is determined objectively and subjectively by design engineers C. Some items/services/processes which cost less than a similar item/service/process may accomplish the function in a superior or equal manner D. Value cannot be determined exclusively by an examination of the item/service/process being evaluated E. The value of any service, material, or product is established by the minimum cost of the other alternatives that will perform the same function

Answer Key: B Question 15 of 16 Which of the following is not true of Six Sigma? A. Six Sigma is a broad and comprehensive system for building and sustaining business performance, success, and leadership B. The key focus is on processes C. Measurement of both processes and products is critical to Six Sigma success D. Six Sigma calls for zero defects E. Statistical six sigma goal is near-perfection, 3. 4 defects per million opportunities (DEMO) Question 16 of 16 A. Design B. Measure C. Analyze D. Lampooner E. Control http://biology-forums. Com/index. PH? Topic=92464. O

An individual should take on chemical engineering due to requirement of diverse knowledge, the striving to better them self, and to increase their potential. In the diverse knowledge column, there are a set of base standards one has to meet. To prepare for such a high paying and Incredible Job, the applicant must have a “Bachelor’s degree In chemical engineering for entry-level; masters or doctoral degree for advanced positions”. With this education one must have, the applicant can really be a dependable to the company’s success and can be prone to raises, extra jobs and many opportunities to go deeper in their occupation. When preparing to look into actually becoming and pursuing the occupation of a chemical engineer, applicants are safe under the studies and modern statistics about supply and demand of the occupation Itself. On a Job outlook done by the Bureau of Labor Statistics, the statistics stated, “Demand for chemical engineers’ services depends largely on demand for the products of various manufacturing industries. To penetrate the demand and supply to a deeper extent, chemical engineering has a shining virtue in the statistics column, there is a 2% unemployment in the engineering fields, yet there are jobs that [not taken]. Also In the preparation portion, advice along with a Job notice states the following preparation for an applicant. “Be prepared to work In areas of “blended engineering” where chemical engineering principles walk hand in hand with mechanical, civil, electrical, and/or industrial engineering.

Be willing to diversify because you will excel. Preparation for this Job is quite simple due to the consistent stated postulate of the job being blended and diversified with other engineering types. If an applicant should ever wonder why the occupation is blended, an actual account of a chemical efferent Job sectors that a chemical engineer can fit into. It is important to do your homework and identify what your interests are up front. You can waste a lot of time and effort if you are taking a shotgun approach.

If you are interested in a certain sector or a certain geographic area, you’re better off to expend your energies on those Jobs. ” With the blend of other engineering occupations, the choice of chemical engineering could benefit a possible applicant by strengthening the weaknesses in parts of their knowledge that are lacking. This blend leads to discipline in the occupation to better the applicant. Not only could this blend draw out discipline in the occupation, but could also strengthen personal and social issues one could have.

An engineer with personal experience in these categories advices applicants by stating, “Work with others it varies from Job to Job, probably from about a 3 Tao 10. Accept criticism. But this is a life issue, not an engineering issue. With actual experience and not statistics with studies, this valuable advice could prepare an applicant to be disciplined in a different category than engineering itself, therefore, expanding their diversity of knowledge and interaction. These could truly be attributes an applicant would want to desire even if they didn’t decide to pursue chemical engineering.

In chemical engineering, an applicant would not only want to submerse themselves in complete knowledge of chemical engineering, but also in learning qualifications that could get them noticed and hired. To be a chemical engineer, an applicant should not be only strong in the occupation itself, but also in their interaction and sociability. A chemical engineer informs a group of applicants by stating, “A lot of my work is team-oriented. I work with a few other people and we all upend on each other to bring certain results or knowledge to the group as a whole so that we can accomplish our overall goal. By having interactive qualities, it is clear and also postulated that one cannot be an introverted person when looking to get hired. By actual accounts of a chemical engineer, he postulates and informs applicants that, “All engineers must at some point (if not nearly always) work as part of a group or team, and all engineers must be able to communicate the results of their work – to their peers, supervisors, upper management, subordinates, and the outside world. You could have the most wonderful idea, but if you can’t convince others of its merit, your idea will die on the vine. With the plethora ideas and accounts of the social and interactive aspects, applicants most likely will look to improve on speaking or getting a certain point or idea across. More information and advice from a group of engineers concludes the interaction and speaking qualities by advising applicants, “The key, which many engineers and scientists Just don’t realize, is not to dazzle the audience with technophobia, but to be as clear, concise, and to he point as possible. The hardest thing for many engineers to do is get to the point. This information and advice that is given could strike the desire to expand interactive qualities. Companies are not only looking for social and interactive people, but also responsible applicants. An account of an experienced chemical engineer gives his personal point of view by inferring, “l would believe that I was hired because I tend to take on lots of responsibility. ” An applicant could have all the qualities required to be hired, except for the drawback of irresponsibility. While an individual could be the ND with a high probability not want an irresponsible chemical engineer to be staffed with.

If an applicant were to search for a generally high paying Job, they would most likely find that outside of chemical engineering, requirements could possibly appear unreasonable and very rigorous to go through. On a Job that medians at $187,000 per year such as a medical doctor, the requirements would most likely be postulated to be longer, and more rigorous than those of chemical engineering. Statistics and accounts done by Education Portal exemplify requirements of a medical doctor by dating, “Completing a bachelor’s degree program is necessary to prepare prospective doctors to enter medical school. After accomplishing a bachelor’s degree, which takes 4 years of college, the student must proceed to 4 years of medical school. The same education portal informs their audience, “Medical school consists of four years of medical training and education… The first two years of a prospective doctor’s medical school experience are devoted to book study and laboratory work to prepare students for diagnosing and treating illnesses. During the second year of med school, dents take the first portion of the United States Medical Licensing Examination, which is administered by the National Board of Medical Examiners. After these two years of rigorous training and examination, the portal informs students, “During the last two years of medical school, students begin their clinical experience, going through rotations at clinics and hospitals. Students work under attending physicians to begin their practical training in medicine. In a total of 8 years of college, which could lead to financial problems, the student would fill the requirements of being a medical doctor. If a graduated high school student were to pick to pursue chemical engineering, they have the possibility and are potentially able to earn Just as much with less requirements.

A popular career guidance center informs students, A Bachelor of Science degree in chemical engineering is the most common entry- level requirement for Chemical Engineers.  With only 4 years of college and only in the science portion, a chemical engineer has a potential to earn “$1 1 5,000 or more” per year. With this salary potential, money spent on college and time is saved to better the encouragement in actually pursuing the occupation of chemical engineering. Leading up to this well-rounded occupation includes many opportunities for experience, life benefits, and a very comfortable potential salary.

In the experience column, many encounters by actual chemical engineers advise students, “Consider participating in an internship with an engineering firm while in college. Most internships are part of a four-year degree program. It will offer you a chance to apply what you have learned in the classroom in an actual work situation and will give you the opportunity to network with people in the field.With these benefits, dents have an opportunity to not go into their occupation completely blindfolded.

A career guidance program infers why chemical engineers pick their occupation by inferring, “They should enjoy making decisions and directing the work of others, as well as be willing to improve their knowledge and skills on an ongoing basis. ” With this inference that earned positive feedback, these potential encounters could give a chemical engineer the benefits of pursuing that occupation. Life benefits would also pursuing this occupation could potentially earn an engineer “$1 1 5,000 or more” with also a stated postulate informing applicants, “it is not uncommon to have incomes ranging from $90,000 to $130,000 or more.  This salary would not only draw out applicants who would desire money and being comfortable, but this comfortable living could also be tied in and related to life benefits and experience. To finish off the tied in topics, retirement would not be a problem financially if the certain engineer was responsible with their money. Responsibility was also an inference for qualities an applicant should have which was stated in earlier texts. Ranging from possible, achievable, comfortable, enjoyable, beneficial, and knowledgeably wide, the occupation of chemical engineering appears to be worth the time and money spent.

Salaries tying in with comfortable living can keep a chemical engineer stress free to an extent, and with interaction within the Job itself, can potentially balance personal life, with its own occupation. An actual account of a chemical engineer concludes his interview by stating, “l believe that a chemical engineer degree is great for opening doors. ” This can be agreed with due to all the benefits of pursuing the career of chemical engineering stated previously. As a Heimlich engineer himself said, this great and worth-while occupation has potential to open your doors.

The Paradoxical Twins: Acme and Omega Electronics Prepared by Samuel Jackson Rene smith Pedro curiz Tomm Brown for Dr. Jordan MAN 701 – Organizational Design and Theory School of Business/Graduate Studies Barry University Miami Gardens, Fla. Term A2/Spring, 2006 March 25, 2006 Case Summary: In 1986 a Cleveland manufacture bought Technological Products and subsequently sold the electronics division to separate investors that manufactured computer chips and printed circuit boards. One of the investors renamed their company Acme Electronics and the other investor renamed their company Omega Electronics, Inc.

The Acme company retained its original management team and promoted the general manager to president. The Omega company hired a new president and upgraded several of its existing personnel. Both companies are located in the same geographical area and compete for the same contracts. Acme employs 550 people, whereas the Omega employs 480 people. In the 1990s, production of complex circuit boards by Acme and Omega was threatened by mixed analog and digital devices. Both companies realized the pending threat and started to aggressively seek new customers.

In July of 1992, a major photocopier manufacturer was looking for subcontractors to assemble digital memory units for a new experimental copier. The project contract was estimated between $7 million to $9 million in sales. Both Acme and Omega submitted competitive bids for the production of units and both companies were selected to produce 100 units. The photocopier manufacturer explained to both companies that production speed was a critical element of the contract and that each company would only have about two weeks to produce the prototypes or risk delaying the final copier production.

On July 13, 1992 the Acme company started ordering the necessary the parts and began production on the memory units. Each department worked separately and encountered problems that led to delays in the production cycle. Two days prior to the delivery date the photocopier manufacturer informed Acme that the rival company Omega had discovered a design flaw in the connector cable and that he would be sending over a new blueprint to re-work the memory units. According to the photocopier manufacture, Acme would still be held to the delivery date.

On July 10, 1992, Omega started having meetings to get production underway. Within days the Drafting department prepared blueprints, while the engineering and production departments work together to begin methods design. However, on July 20 Omega discovered a design flaw in the connector cable. The engineering department redesigned the cable and the drafting department finalized the changes in the manufacturing prints. The additional delays in reassembly of the units at Acme caused them to deliver the 100 units late.

However, Omega completed a full quality inspection of all 100 units and delivered the final units on time. The photocopier manufacturer split the contract between Acme and Omega and included additional provisions stipulating zero defects and reduced final cost. Ultimately, the Acme reduce it overall cost by 20 percent and won the total contract. Summary Recommendation: The Omega company should consider redesigning its organizational structure to become more functional in design in order to take advantage of economies of scale; in-depth skill knowledge and overall efficiency.

The company should implement organization charts with clearly define job duties and responsibilities so employees fully understand their role in the organization. Also, the management team should used formal written communication to covey project expectations and a sense of urgency to complete the assignment within the allotted time frame. Case Analysis: The Acme Company appears to be designed around being efficient and task oriented in order to be a high volume manufacturer. The company has detailed organizational charts and job descriptions which define clear responsibilities.

Management believes in providing written communication to achieving the task at hand. In fact, as soon as the company received the blueprints management immediately sent out written communication to all department heads and executives indicating the critical constraints and the expectations of performing efficiently. Based on the organizational structure, each department worked independently and at different speeds. Mr. Tyler, President was developing a relationship with the photocopier manufacturer by keeping in telephone contact and trying to learn of new developments.

The Acme strategy has traditionally been to keep the client happy. In a time of crisis, Mr. Tyler was able to give direct orders and instruct certain departments to reconfigure the components as needed. At the same time critical decisions were made to skip normal quality control processes to stay on course. Ultimately, the company generated 90 quality made units with 10 being defective. On the other hand, the Omega Company appears to be designed around the team work approach to achieve production goals.

The company does not have organizational charts and management believes that all employees should be familiar with various activities throughout the organization. Also, management does not allow written memos to the staff employees. Once the company received the blueprints management began having meetings to discuss the production method instead of dividing up the specific work assignments to achieve. The engineering and production departments pooled resources to work on the methods design. On the positive side, most of the problems identified within Omega’s production cycle were resolved quickly and overcome by the team effort approach.

In the time of crisis and rapid changes needed to produce a quality product the company was able to effectively work as a team. Ultimately, the company delivered a high quality product with no defects and within the required time frame. Alternative Identified: Since, Omega is relatively small with only a few product lines the first alterative would be for the company to be more formal in its organizational design and structure, which includes organizational charts and well defined job responsibilities in order to become more efficient and reduce cost. Recommendation:

First, Omega needs to restructure the company within the next three to six months. Implement a functional organization chart that has a well define hierarchy. Next, Omega needs to immediately implement a formal communication process throughout the organization to provide clear guidance and management expectations to reduce wasted manpower and maximize available staff resources. The Omega Company should consider sending out memos to show the significant time constraint of each job deadlines and definitely continue the company’s meeting process before productions.

The Acme Company needs to meet with multiple employees involved in the workflow to prevent any complication to appear during productions. Acme should require each employee to have some sort of knowledge of everyone functions in the organizations. Perhaps, have a day dedicated to altering each employee positions to have a vivid understanding of their job titles. This would slow down further delay in production if a crisis occurs. Furthermore, it’s best that Acme improve the communication flow between the actual employees.

For example, 600 Apple engineers developed operating system in two years unlike 1 0,000 Microsoft engineers, who developed Window Vista in five years. There are two major advantages f team stars: 1) Sheer firepower – the integration Of world class talents which increases performance and productivity. 2) Synergy – the bringing together of a pool of the best thinkers which ignites creativity and ideas. Good talent management Understanding the team members’ strengths is critical: Team effectiveness arises as a result of understanding the strengths of each team member.

Know their ability, in order to fill roles outside of their current positions. Indeed, care should be taken to avoid talent hoarding a situation of confining star players to an organizational division. Don’t create disincentives for teamwork. Avoid inappropriate assessment methods which leads to team disincentive. For instance, Microsoft’s “stack ranking” performance evaluation system, created a competition amongst employees, instead of competing with its rivals. There is a chance that “A” players would not like to work with each other in fear of being seen as a weak member/link.

Own the pipeline As talent is always a key component of strategy, the organizations should keep recruitment process internally. There is a danger of denomination among team members when the organization recruits externally at the expense of its internal talents. Internal talent should be recognized and roomed. Play your best hand: This entails making the right choice of the mission and the critical projects. The teams with star members should be used for big and strategic projects. For instance, to development Boeing 777 airliner, the company began by assembling its best team of engineers.

It then incorporated customers and use of new technology, which led to the job completion in less than four months, paving way for the aircrafts centralization in less than five years. For Caesar, Hurrah’s and Horseshoe brands, they choose other strategic importance like determining the promotion to offer, when to offer them, which customer to target etcetera. Besides, they choose to implement direct marketing by eliminated overlapping promotions and its generating profitable revenue. Despite changing the company’s marketing effort being difficult, success can be achieved through a skilful team.

Anticipate what could go wrong within a team: Big ego, little progress: The star team players should aim at achieving common goal rather than being dominated by their egos with little progress. For instance, the United States of America’s National Basket Association team succeeded in 1 992 Olympic Games due to focusing on achieving a common goal of success for America. Overshadowing the rest of the cast: The use of “A” team should not over shadow “B” players. In spite of the former having the best talents, both groups should work in unison in order to succeed.

Hence, there should be a common reward and performance evaluation system for both the “stars” and “non-stars”. Great team members, mediocre leaders: Organization should take time in picking team leaders and getting feedback from the members in regard to the leaders early enough. Team members should be given the opportunity to give a feedback of their leader. If the leader, Cannot definitely perform, the organization should change him/her- For instance, Manchester United has changed its coach at the end of last season due to him being unable foster good results for the team.

Short pitch of above information: 1 ) Star teams from star players outperform the average teams with ordinary members four times. 2) Care should be taken to prevent individual egos within a star team, lest it underperformed. 3) There are two main merits of star teams are: “Sheer firepower – the integration of world class talents increases performance and productivity. ‘Synergy” – the pooling together of best thinkers ignites creativity, innovation and new ideas 4) The best teams are managed through: Understanding where each member’s strength lies and sharing these talents.

Universal policies, rewards, and performance assessment process should be put in place for all the team players. Otherwise, demonstration is bound to crop within the team, if variations exists. It is vital to groom the internal talents, instead of outsourcing, particularly when it comes to the recruitment process. This will make the team players work hard to in order to be recognized and promoted. 4) use your best employees for big and strategically important projects. These act as the driving force for the team building. 5) What could go wrong?

Tim Bruce The subject that I will be focusing on through the course of this extra credit paper, is one about the combination of Aerospace Engineering and Chemistry. Chose this particular topic because of my future life goals. Which include getting a degree in aerospace engineering. Also became interested while researching for this paper in a particular sub topic of the TV which is called aerodynamicist’s.

Aerodynamicist’s is the study of gases which takes into account the effect of motion, heat, and chemical changes. Which is important to the field of aerospace engineering in the fact that aerospace engineers design aircraft, spacecraft, satellites, and missiles. In addition, they test prototypes to make sure that they function according to design. So you can see how the two connect. But exactly what kind of chemistry is involved?

Obviously chemistry is deep rooted into Aerospace technology. Aerodynamicist’s primarily focuses on molecular interactions at typically high Mach Numbers, such as that seen in a combustion chamber of a rocket or that of a reentry vehicle. So although aerospace engineering is typically design and building oriented you would absolutely need a chemists back round when thinking about these types of things. Anything involving materials and processes also involves chemistry.

Examples include, failure analysis of microcircuit packaging contaminant analysis, corrosion problems, electroplating and conversion coating problems, paint adhesion problems, thermoses polymer failures, evaluation of urological and thermal properties of prepares, adhesives, laminates and Adair absorbing coatings, soldering problems, firing pin failures, surface cleaning, alloy analysis, and process tank analysis. All of which are inside the aerospace field.

But these are only a small amount of connections that Aerospace engineering and chemistry have together. But as stated before in the examples we see that included was a lot of rockets and when you think of rockets many will tend to think about NASA- Now NASA has been synonymous with space travel since its creation. But few tend to recognize he men behind the scene, when they see a space shuttle take off into orbit.

The men and women of Aerospace engineering need to take into account not only the rocket but also the astronauts that pilot the space craft. When designing these machines, biological and chemical actions that will take place in the astronauts bodies. For instance what kind of chemical changes might happen to our bodies while piloting this space craft or how to limit the amount of g force put on the pilots as they take off and many many more factors.

This diagram, although very simple to what aerospace engineers use, gives you a look into how many factors such as altitude, angle, speed, and maneuver time effects g force. So as you can see chemistry is deeply involved in the field of aerospace engineering. But not only that chemistry is involved in everything we do. It is everything, and everywhere.

1. To what extent do you agree with the idling engine ban? A few years ago, the Environmental Protection Department proposed to legislate the idling engine ban, under which all vehicles must switch off their engines. I totally disagree with the idling engine ban, for I think that this policy not only cannot bring benefits to pedestrians in air quality, but instead brings harm to drivers and passengers. To start with, the idling engine ban brings inconvenience to drivers.

As the idling engine ban proposes that a driver has to switch off their idle engines immediately, drivers had to switch of their engines even if they had to wait in a place for as short as 3 minutes. This abrupt switching off and on of the engine is not only bothersome to drivers, but may lead to a shorter lifep of motor vehicles. Apart from the harm to the driver, a problem of poor ventilation is caused by the idling engine ban, which affects both drivers and passengers. As stated by the government, vehicles are the second largest local source of air pollutants.

In the middle of the road where traffic is intense, if a driver has to switch off the air conditioner and open the windows, the driver and the passengers will breathe in harmful gases which will affect their health in the long term. Also, when the temperature reaches above 30 degrees in summer, drivers and passengers have a high chance of suffering from heat strokes if the air conditioner is turned off. To maintain a driver’s good condition of health is crucial when driving, therefore the idling engine ban is not feasible. Moreover, from the government’s perspective, it is difficult for the idling engine ban to be implemented.

Firstly, a fine of $320 may not be severe enough to stop drivers from switching on their idling engines. Secondly, as there are many exemptions to the ban, the police will not be able to identify violating vehicles effectively. The usefulness of the ban would be greatly decreased. The government stated that the idling engine ban can reduce air pollution in Hong Kong as vehicles are a main pollutant. I agree that the ban can improve the health of Hong Kong citizens and pedestrians in particular, though only in a small extent.

However, statistics show that emissions produced when vehicles are idle are only a small part of gas emitted by vehicles. In fact, running vehicles produce a major part of pollutants. Thus, I think that the idling engine ban is not significant enough; the government should consider alternatives to tackle the major problem of the increasing number of private cars to reduce air pollution. To conclude, the idling engine ban would cause inconvenience to drivers and affect the health of drivers and pedestrians. It would be difficult to implement and ineffective to reduce air pollution.

Therefore, I totally disagree with the idling engine ban as it brings harmful effects to all stakeholders. 2. What can individuals, private organizations and the government do to ease the costs you have identified in Q1? In Q1, I have identified the costs of the idling engine ban as inconvenience to drivers, poor ventilation during hot weather, difficult implementation and insignificance in reducing air pollution. Firstly, if the idling engine ban was implemented, individual drivers can develop more self-discipline and abide to the laws so that gas emissions will decrease.

They can also report on cases of violating the ban. The effectiveness of the ban would increase and implementation of the ban would be more successful. Individuals can also ride on public vehicles more often, so that the major source of air pollutants would be cut down. Secondly, private organizations such as environmental organizations can tell Hong Kong citizens the benefits of the idling engine ban through large-scale functions or advertisements, so that more drivers will see the meaning behind the ban and will not complain that it is inconvenient.

They will obey the ban more strictly. Thirdly, the government can ease the poor ventilation during hot weather by changing the ban to allow exemption of all vehicles from switching off the idle engine when the temperature is over 30 degrees. Also, the government can increase the fine so that drivers would not violate the ban easily and it would be easier to implement the ban.

STATEMENT OF PURPOSE Finance, as a field, had always fascinated me right from my undergraduate college days. I believe my penchant for this field stems from the fact that Finance runs in my family. My grandfather was an accountant, my mother is a postgraduate in economics and my father has a keen interest in keeping up-to-date with the markets. During my days at Engineering College I used to help my father to manage his portfolio of equities and other financial instruments. This was the time I learnt the first lesson of finance from my father i. e. risks and returns are proportionate.

In 2001 the Indian stock market crashed. But fortunately, my father had a well-diversified portfolio because of which our returns were protected from the downside risk. This was when I learnt the second principle of finance from my father i. e. diversification reduces risk. While I understood these two principles intuitively, it produced in me a strong urge to learn and understand the complex theory behind the working of Finance. This, I believe, was a turning point in my career. I made up my mind to pursue a career in Finance and hence decided to do a Masters program in Commerce.

Good academic performance in my school and college, active participation in academic as well as extra curricular activities have helped to develop strong quantitative and analytical abilities and good leadership and communication skills. These have prepared me to handle complex problems and have given me the confidence to pursue graduate studies. To achieve my career goals, I need to learn about current developments and techniques in finance, financial markets and financial applications and acquire hands-on experience of financial analysis.

A Master’s Degree will provide me with theoretical understanding, an in depth idea of practical approaches in aiding managerial decision-making and research skills to enable me to develop an expertise in the core areas of financial strategies and global corporate financial operations. In India with the onset of liberalization since 1991 and deregulation of the interest rates, the Indian corporations and financial institutions are exposed to various kinds of risks. The Government and the Reserve Bank of India have initiated appropriate reforms to develop derivatives markets and financial markets on the whole.

This has suddenly increased the demand for professionals who can not only understand but also develop new financial instruments to evaluate and hedge the risk. I believe that in order to use financial engineering pro-actively and dynamically for optimum hedging, a finance professional should be well versed with the mathematics that underlies the financial theory. In the future I see myself, as a Finance professional, designing structured financial products by incorporating cutting edge methodologies and sophisticated tools in order to cater to the above mentioned requirements.

To achieve this I would like to gain exposure to the latest practices adopted in the field of Finance and Risk Management. To this end I would want to work with a leading investment bank or in the treasury of a commercial bank, which would enable me to help corporations manage their risks. I believe that my educational background has instilled in me the qualities required to meet the rigor of this demanding profession. Graduation in Engineering (Computer Science) has provided a strong foundation in Mathematics and Computer Programming.

Mathematics was one subject in which I had always excelled right from my school days. During the course of my Engineering education I took up a project with WIPRO Technologies. This project, which I was offered, required extensive use of C programming language. This project, for the first time gave me a real world experience of programming. This association helped a lot in consolidating my programming skills, especially in C-language. Thus, it inculcated in me problem solving and analytical abilities.

I strongly feel that the MCom program specializing in Finance at The Universityis a highly structured program because it provides the right balance between theory and practice. I bring along a strong grasp of fundamentals in Engineering and Mathematics, a penchant for teamwork and leadership and a zest for challenges. I would like to take with me in addition to the knowledge of the latest theory and practices in the field of Engineering, a network of strong and lasting relationships with my teachers and fellow-students. I hope my background and qualifications are found suitable for admission to the MCom program at The University.