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18-Year-Old Aspiring Engineer: What Country Offers the Best Education, Fees, Placements, and Safety?

Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Sep 11, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Savendra Question by Savendra on Apr 20, 2024Hindi
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Hi Madam ! My son is just 18 yrs and completed 12 class from PCM, and he is interested for engineering degree from abroad, kindly suggest which country will be best suitable in terms of education, fee, placement, and safely getting degree. pl also advise what will be coasting for that. Any scholarship program is available for Undergraduate program pl also suggest. Thanks !

Ans: Hi Savendra,

First of all, thank you for contacting us. I am glad to know that your son wants to pursue an engineering degree abroad. To answer your question, the USA, UK, Canada and Germany are all excellent options for studying engineering. The USA, UK and Canada offer top-notch education with diverse programs, and many universities provide scholarships which will significantly reduce the total cost. Germany, known for its engineering excellence would also be a great choice as the country offers an education with minimal or no tuition fees at its public universities. All these countries have strong safety records and promising placement opportunities, so your son can confidently pick one of these as his study abroad destination.

For more information you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint
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Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Oct 28, 2023

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My son is in 3rd AI Engg. If he wants to pursue higher education , what will be the best option outside India, with loan options.
Ans: Hello Anand,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son is currently in the 3rd year of his Bachelor's degree in Artificial Intelligence Engineering. To answer your question first, I would like to tell you that if your son intends pursuing higher education overseas, he could consider studying at any of the below mentioned countries:

In the UK, your son could consider applying to the University of Cambridge, University College London, University of Oxford, and Imperial College London, regarded for their programs related to AI. The University of Melbourne, University of Sydney, and Australian National University in Australia are also known for robust Machine Learning and Artificial Intelligence courses. In the USA, Stanford University, Carnegie Mellon University, Massachusetts Institute of Technology (MIT), and UC Berkeley, are renowned for offering robust programs in Artificial Intelligence and Computer Science. Applying to the University of British Columbia, University of Toronto, and McGill University in Canada known for their outstanding Artificial Intelligence and Machine Learning programs could also be considered by your son. The Artificial Intelligence and Machine Learning programs at Nanyang Technological University (NTU), and National University of Singapore (NUS) in Singapore could also be factored in by your son. Additionally, your son could consider applying to universities in Netherlands viz., University of Amsterdam, Eindhoven University of Technology, and Delft University of Technology that are known for offering Artificial Intelligence programs in the English language. Top-notch German universities like University of Heidelberg, Technical University of Munich, and University of Stuttgart, also offer programs related to Artificial Intelligence that could be opted for by your son. Moreover, your son could also consider applying to universities in Sweden, Switzerland, and France.

When deciding on the finest choice for your son to pursue his higher education overseas, I would recommend that you take into account the cost, his hobbies, as well as his professional objectives. Additionally, investigate the prerequisites for admission as well as the application deadlines pertaining to each individual country and university of your choosing.

Regarding your query about loan options, I would suggest that you contact us and our team of expert counselors will be more than willing to provide you with further guidance. Thank you!

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Jul 02, 2024

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My son is in 9th class. I am planning for engineering from foreign University after 12th. Pls guide me the best country with financial considerations
Ans: Hello Rashmi,

First and foremost, thank you for getting in touch with us. I am happy to know that your son is currently studying in the 9th grade and further wishes to pursue engineering overseas post completing his 12th grade. To answer your question first, I would like to tell you that a number of variables, including the quality of education, living expenses, tuition costs, and possibility of scholarships, are entailed when planning for an engineering degree overseas for your son. To assisting you in deciding on the best country with monetary considerations, I would suggest that you go through the following:

Considering Germany, overseas students are charged minimal or no tuition fees by the majority of public universities. The cost of living in the country is moderate, ranging from €850-1,200 per month. The country offers outstanding education with a number of top-ranked engineering schools. Scholarships are available via DAAD and other organizations.

Coming to Australia, the tuition fees in the country are relatively high, ranging from AUD 25,000-45,000 annually. The cost of living is also high between AUD 1,500-2,500 monthly. With universities viz., the University of Sydney and the University of Melbourne, Australia offers an outstanding quality of education. Students can avail scholarships that are available via government and university programs.

Next, talking about Canada, the tuition fees in the country are higher than Germany, but relatively economical in comparison to the USA and the UK, between CAD 20,000-40,000 annually. Although it differs depending on the city, the cost of living ranges from approximately CAD 1,000-1,500 every month. Housing leading universities viz., the University of Toronto and the University of British Columbia, top-notch instruction is offered in the country. There are numerous scholarships offered to overseas students via different programs.

In Ireland, the tuition fees are moderate to high, ranging from €9,000-25,000 annually. The living expenses are high, ranging from €1,000-1,800 monthly. With universities viz., Trinity College Dublin, an excellent quality of education is offered. Overseas students can avail numerous scholarships.

Coming to Netherlands, the tuition fees are moderate, ranging from €6,000-15,000 annually for non-EU students. The living cost is similar to Germany, around €800-1,200 monthly. Housing prestigious universities viz., Delft University of Technology, the quality of education offered in the country is high. There are numerous scholarships available for overseas students.

Next, in Sweden, the cost of tuition is moderate, ranging from SEK 80,000-140,000 annually. The living expenses is high, between SEK 8,000-13,000 per month. Home to institutions viz., KTH Royal Institute of Technology, the quality of education offered is high. Scholarships are available via the Swedish Institute and other sources.

I would suggest that your son begins preparing beforehand, concentrating on academic achievement, extracurricular activities, and standardized tests viz., the SAT, ACT, TOEFL, or IELTS. He should investigate scholarships and other forms of monetary assistance in the countries he is considering. Make sure that your son fulfills the language prerequisites for the chosen country and university. Not just that, get acquainted with the application procedure and deadlines for each country.

Bear in mind that the Netherlands and Germany are frequently suggested for their economical tuition, superior education, and low cost of living. Despite its slightly higher expenditures, Canada is also a fantastic choice for those who prefer an English-speaking environment.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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