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Some Last minute tips for JMET aspirants , one must remember JMET is quite different from CAT . The unpredictability if JMET is its best weapon and quite a large number of students fail to understand the pattern and the strategy on how they should go about attempting the paper. The paper as per my expectations would be quite simple as previous year( do not take it as a final word) or even if the paper turns out to be like it used to be you must always stick one policy of clearing the cuttoffs in all the sections which would go quite high in case the paper is simple.


People score too well in JMET but in the end they fail to ckear the cuttoff  in one of the sections and most of the time a higher scorer might not get qualified.

How to Attempt My Advice in case the paper turns out it was in last year)

Go by first attempting atleast half of the number of questions from each sections first and make sure whatever u mark then is correct. My guess is that last year cutt off went to 15 in english(Which was lowest among rest sections offcourse engineers are poor at language:P).

Least atleast 1 hour to score max out of the sections you found most simple while you attempted the first phase of your strategy.

How to Prepare

Well, this is almost a void question as no one can answer that you need to study what i have told you above might help you in JMET. Just one thing to add do prepare stats and differentiation and some basic grammatical errors they should surely come in the examination.

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Here is something amazing for our readers,if you are a fresher then you might well be interested in this but certainly all of us would regret of not studying sincerely in our past years and not putting efforts which would have taken us to heavens.

The news is IIT Kanpur has bagged highest package ever for a Btech in India . The package is a stunning 44lakhs that too for a fresh graduate. The joining is at Mumbai.

I guess not even IIM’s would have this much package for a fresher.

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The race has begun to bell the CAT, but before i write something let me just remind CAT 2009 is not a normal CAT not only for the aspirants but also for Bloggers like me. CAT Clearly states:

” Any such action constitutes a cognizable offence punishable with imprisonment for a term up to 3 years and fine up to Rs.2 lakhs.”

I dont earn that much from this blog ( Well not even a portion of it) . Well some may argue it might be better that people are not allowed to discuss as some of us always take advantage of some hot tips . Think of What happens to all those coaching centers now?

Those big Coaching Institutes would certainly manage their way out of this but the instinct is clear CAT does not like Coaching institutes, of all the interviews I gave last time, everywhere I had gone ,I was told do not show your coaching caliber here:P.

The popular forum Pagalguy has even cautioned its members for a ban if they posted some CAT stuff here.

My take on this it will actually shut down many shops and i think people would stop wasting money on Coaching .

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Opportunities for finance professionals can be found in public, private, and non-profit organisations. Some of the areas where finance professionals have excellent scope are Commercial Banking: With burgeoning incomes and deregulation of the banking sector, there are
a large number of banks offering a wide range of services to consumers.A career in banking offers opportunities in accounts, securities,
commodities, financial management, financial and credit analysis, and sales of financial services. Treasury management is also an important
function in banking operations.Examples of commercial banks are SBI and Citibank.
Investment / Merchant Banking: Investment bankers help companies and governments issue stocks and securities. They help investors in
buying and selling these securities and managing their financial assets. They also provide financial advice to companies and high networth
individuals. Examples of investment / merchant bankers are ICICI Bank and DSP Merrill Lynch.Money Management: Money managers hold
stocks and bonds for institutional clients. They also sell these stocks and bonds, and reinvest the funds, to ensure that their clients earn a good rate of return on the money invested. These money managers also provide clients with advice on their financial investments. Mutual Funds such as HDFC Mutual Fund and Kotak Mahindra are examples of Money Managers.

Corporate Finance: Employees working for large corporates and non-banking financial companies raise money to run the business, deploy the funds to make the existing business grow, make strategic acquisitions, and plan for the financial future of the business.Management Consultancy: Several management consultancies recruit students as consultants, who in turn help clients restructure the financial aspects of their business. They also help their clients in mergers and acquisitions. Examples of consultancies are Ernst & Young, and PricewaterhouseCoopers.Insurance: With the insurance sector opening up, there is a growing demand for finance professionals, who understand the need to help individuals and businesses manage risk to protect themselves from accidents / losses. Examples of insurance companies are Max New York and ING Vysya.

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Most commerce students tend to confuse the functional area of finance with accountancy. That is not the case. Both these areas are independent
of each other. The finance function broadly deals with planning for capital and raising it, allocating of capital within and outside the organisation
for maximum return on investment, budgeting, and tax planning. On the other hand,accountancy deals with accounting for the costs or
expenses associated with the resources deployed, manufacturing a product or providing a service, manpower and supply chain costs, margins, and profits.


Students who decide to do an MBA with finance as their specialisation are given a firm grounding in different subjects that cover economic analysis, statistics, methods of management accounting, financial and investment analysis, planning and budgeting, international finance, and banking. Courses in valuation methods, risk management, investment and tax planning are also offered. Students in the first year of their MBA, attend foundation courses in Economics, Business Statistics, and Finance.


There is a mistaken notion that a student with a graduate degree in commerce does well in finance.In fact, a lot of non-commerce students, such as engineers and graduates in science, take up finance as a specialisation and do well. Therefore,what should matter to students who wish to
specialise in Finance, is their interest and aptitude, and not their academic background.Students who are recruited on campus by various
companies for the finance function, join as management trainees. The designations that are assigned to them differ between companies. An
equity analyst at a stock broking firm could have a different designation at another firm, even though the job profile be the same. Finance
professionals eventually become the CFO (Chief Financial Officer) of their company. Sometimes, they may also go on to become the CEO (Chief
Executive Officer) if the company’s main line of work is finance-related.

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The advent of liberalisation in India has seen the influx of several multinational companies setting up operations here. Several others have formed strategic alliances with their Indian partners either by way of investment or joint ventures. Successive Indian governments have lowered quota systems / trade barriers and restricted their involvement to only the core sectors of the economy while playing the role of a facilitator to the other sectors. This has quite literally resulted in a ‘free for all’ situation in the market with companies across sectors vying for their share of the ever-growing pie.


Most of the top B-Schools in the country offer quality courses for students who plan to take up Systems Management as their functional specialisation. Students are taught the basics of all functional areas during the first year of their MBA, so that they are conversant with the basics
of Management Information Systems (MIS),programming languages and the usage of word processing, spreadsheets,and database packages.students who opt to specialise in Systems Management are taught papers in advanced programming and software development by using Computer Aided Software Engineering (CASE) tools, concepts of networking, designing different types of networks, interfaces, and tackling networking security-related aspects. Apart from these, they are taught the concepts of different types of databases and how to manage them along with practical training. Many top B-Schools also provide students with exposure to courses that cover the technical and functional aspects that concern Enterprise Resource Planning (ERP).


Management graduates with a specialisation in Systems normally take up a minor specialisation in Finance or Marketing, in order to gain a better
understanding of the business processes of the functions involved. Organisations across industry recruit management graduates with a specialisation in Systems. Some of the industries that management graduates with a systems specialisation can join are:
* Organisations involved in the development of software;
* Organisations involved in IT consulting;

* Organisations involved in Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO);
* Firms which are involved in providing Management Consultancy, and
*  Organisations involved in e-commerce and other Internet-based services.


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Many students believe that only those who come from an Engineering background or have prior exposure to programming, can specialise in Systems Management, which certainly is not the case. What students need is to have clarity on the kind of career path they would like to pursue and the skill sets they would need to possess in order to deliver on the job assigned to them.It is a misconception that students who choose to specialise in Systems Management end up writing computer programs for the rest of their career. Graduates with a specialisation in Systems
Management are groomed to handle a wide range of responsibilities which includes playing a key role in driving the business growth of the organisation in the short and medium term. They play a key role in re-engineering the business
processes in order to achieve business goals more efficiently. Those who do well professionally sometimes go on to head the organisation.
There are several organisations whose core business is not related to Information Technology,yet recruit management graduates to work in their Systems Department. With geographical barriers being a thing of the past and the world moving towards free trade, organisations are striving to make their products and services available in all parts of the world. The advent of the Internet has seen a sea change in the way companies think and operate. Corporates around the world realise the tremendous potential of an alternate medium of delivery like the internet. Today all global organisations have their own websites not just to disseminate information, but also to offer prospective customers the opportunity to compare costs and purchase good and services at the click of the mouse. The Internet today is universally acknowledged as a parallel marketplace, and its potential when realised fully is expected to unlock
explosive industrial growth across the world. Ecommerce is here to stay. These are indeed interesting times to live in.

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The major principles / concepts covered in any course that aims at making an operations manager out of you would be: Principles of Managerial Economics and Accounting, Statistics,Operations Planning and Control, Operations Strategy, and application of Information Technology. Besides these core concepts, a considerable exposure to all other areas of management as Human Resources, Finance, and Marketing are a must for an integrated and effective approach to solving business problems related to operations.Irrespective of the institute where you pursue your management education, you could consider taking up this field of management as a career as long as you have the basic skill set / aptitude and the zeal. Of course a management degree from one of the Top B-Schools like the IIMs will definitely propel your career into a more attractive and promising trajectory. Several post-MBA courses and specialisations, FPMs from the IIMs and other colleges and higher studies in colleges, abroad are excellent ways to move into a higher gear as far as your career growth is concerned.


Besides Operations Management, which is a relatively dynamic career – involving people, resources and a variety of management aspects – a relatively more conceptual, scientific and research oriented area is the area of Operations Research. This is purely for people with high aptitude for Mathematics and Statistics, along with a flair for using complex models and software for providing theoretical and optimal solutions for practical and multifarious business problems. Separate programmes oriented towards this are offered by a handful of institutes in India, namely some of the IITs, Indian Statistical Institute Calcutta, IISc Bangalore, and a few others. An MS programme in the U.S. in OR / OM would also be a good bet. The typical career opportunities for a career in Ops in India have seen a significant improvement over the past couple of decades with the arrival
of many MNCs and international businessconsulting firms. The usual entry level activities that a fresher would look at vary between forecasting, supervision, purchasing, traffic management, inventory planning and control, operations scheduling and control, process methods and planning, quality management, warehouse management, and production planning in diverse industries such as banking, manufacturing, and retailing. Career opportunities in Operations Management can also involve work in management consulting firms or the development of computer systems (such as ERP packages) for planning and scheduling. Careers can be made in service organizations involved in activities such as banking, transportation, insurance, and government, as well as manufacturing firms involved in producing industrial and consumer products. Operations Management titles often used are vice
president of manufacturing, vice president of operations, vice president of quality, plant manager, purchasing manager, department supervisor, computer systems analyst, operations analyst, inventory control supervisor, facilities planner, scheduler, first-line supervisor, and buyer. Typical salaries for entry-level positions in India can vary anywhere from INR 6 to 15 lakh p.a. – depending on the profile of the candidate and the B-School he / she is from. After that, the sky is the limit for Ops managers with proven track records and work experience, in India and abroad.

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Before starting with the basics here is an example of Operations Management :
Travel agent: “I can get you three days and two nights in Rome for a hundred bucks.”Customer: “How come so cheap?”Travel Agent: “The days are July 11, 12 and 13.The nights are July 21 and 22.”If you are wondering what the travel agent must have been thinking of while making such a preposterous offer, then think twice before writing him off your books. He was simply trying his best to manage his “operations”. In fact,you would have yourself often seen the stewardsand ushers at restaurants trying to manage their operations – more precisely, optimise their capacity utilization – by matching the group-sizes in which guests arrive to the tables of different seating capacities.
Operations management can be one of the most exciting and also the most remunerative of all the various fields of management, provided you’ve got the right aptitude for it.
Let us now see what are the kinds of activities that an operations manager is responsible for. As you would have figured out by now, operations managers are concerned with each step in providing a service or product. They determine what should go into an operating system suchas equipment, labour, tools, facilities, materials, energy, and information and how these inputs can best be obtained and used to satisfy the requirements of the market place. Managers are also responsible for critical activities such as quality management and control, capacity planning, materials management, purchasing, and scheduling. More comprehensively, the typical business decisions addressed by an operations manger include: What products or services should be produced? What must be done so they are produced with high quality and at a good profit? How much of each product or service should be produced? What technologies should a business use? How could information technology be used to manage an organization’s supply chain? How much inventory should be held? How should a facility be laid out? How should schedules be prepared? What process should be used to provide a service or make a product? How can quality be built into a product or service? How should jobs be assigned? In the light of such a description of responsibilities, one would logically find that the key aptitude and skill sets of an operations manager should be problem-solving skills, quantitative reasoning skills, ability to play a role in the efficient and productive operations of an organization, and knowledge of the use of analytical tools for the systematic analysis of organizational processes. Graduates in Engineering, Mathematics and / or Statistics, Science, and Information Technology can hope to excel in this field. Graduates from other streams also can do equally well as long as they possess basic problem solving skills and have sufficient zeal for Ops.
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TQM, JIT, BPR, SCM, SAP, and ERP are all terms that most of you would have come across in several business related articles in newspapers and magazines. You would have also figured out that these are Ops (Operations Management) jargon. But what do they really mean, and what is Operations Management in the first place?


Every business, big or small, manufacturing or service oriented, involves a certain element of production and delivery of goods or services. This can, in a certain sense, be looked at as the core activity of the organisation, which is supported by various activities such as finance, marketing, systems, and human resources management. Operations Management, in its essence, is all about studying, understanding, and influencing the way organizations manufacture and distribute goods and services.Everything you wear, eat, sit on, use or read comes to you courtesy of the operations managers who organized its production and distribution.


The relevance of Operations Management was first realised in its true business sense with the advent of the Industrial Revolution during the mid-18th century. By the first quarter of the 20th century, along with the development of Scientific Management, Operations Management began to be given its due recognition as an area contributing to the bottom line as well as ensuring maximum customer satisfaction. It was also observed that the entire economy would benefit from the increased productivity and efficiency of business processes. By the early 1970s, with the onset of the Quality Revolution, the significance of Operations Management reached new heights.
Over the past couple of centuries, businesses have gone from competing on cost to competing on quality to competing on flexibility. The latest parameter on which companies are now competing is speed (or delivery time). Operations Management is the one area that can deliver this sort of an edge to companies as they compete. Shorter product and service life cycles, better educated and quality-conscious consumers, and the capabilities of new technology have placed pressures on the operations function to improve productivity while providing a broader array of high-quality products and services. A direct consequence of this is that some of the highest paid business consultants in today’s globalized economy are, in fact, from this very field of management. This should not come as a surprise to you, since often times, for companies with large operations, even a small but incisive suggestion to improve the flow of the operations can help save costs, improve customer satisfaction, and add millions of rupees to the bottom line.
Next Article on Basics of Operations Management and Career Options.
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