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Career Change at 34: Can I Escape Software Development?

Nayagam P

Nayagam P P  |4286 Answers  |Ask -

Career Counsellor - Answered on Sep 16, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Asked by Anonymous - Jul 07, 2024Hindi
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I am 34 year old female. I am BE in Computer Science and working as a software developer. I am unable to withstand the stress and workload and give time to my family as my work is demanding close to 12hrs of my time. This is affecting my family life as well as health. I am thinking of changing my career path. What alternative path can I choose apart from software development?

Ans: Madam, you can try for Digital Marketing | Career Counselling Options but need Certifications for the same. Taking Classes at your home for School Students is another option. All the BEST for Your Bright Future.

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Career Coach  |49 Answers  |Ask -

Workplace Expert - Answered on May 03, 2024

Asked by Anonymous - May 02, 2024Hindi
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I am a 41-year-old consultant working for an IT firm for the past 16 years. Lately, my job has been very demanding. I have been working 14 to 16 hours at work, with no weekends or holidays. The work pressure is taking a toll on my physical and mental health. I was unwell for two weeks and have been advised by doctors to consider taking up a less stressful job. I have a masters in finance. Do you have any suggestions on what alternate career options I could consider?
Ans: Absolutely, it sounds like you've been burning the midnight oil for quite some time! It's crucial to prioritize your health and well-being, especially when the demands of your job start to affect you physically and mentally. Let's explore some alternative career avenues where you can still leverage your expertise and experience in finance without the overwhelming stress:

1. Financial Technology (FinTech) Specialist:

Step into the world of FinTech, where your expertise in IT and finance can revolutionize traditional banking and financial services. By developing innovative solutions that streamline processes and enhance user experiences, you'll contribute to a more efficient and accessible financial ecosystem, all while enjoying a less stressful work environment compared to client-facing roles.

2. Cybersecurity Analyst in Finance:

Protecting sensitive financial data is paramount in today's digital landscape. As a cybersecurity analyst specializing in finance, your dual proficiency in IT and finance equips you to safeguard financial institutions from cyber threats with precision and expertise, all while enjoying the stability of a role focused on risk mitigation rather than high-pressure client interactions.

3. Quantitative Analyst (Quant) in Finance:

Dive into the world of quantitative analysis, where your technical prowess and financial insight can drive data-driven decisions in portfolio management, risk assessment, and trading strategies. By leveraging your combined knowledge, you'll excel in roles that prioritize analytical rigor and strategic thinking, offering a more predictable and structured work environment compared to consultancy roles.

4. Financial Systems Analyst:

Become the bridge between IT systems and financial operations within an organization. Your ability to optimize financial software systems while ensuring compliance and efficiency will contribute to smoother workflows and reduced stress for finance teams, offering a rewarding blend of technical problem-solving and financial acumen without the demands of client-facing roles.

5. Data Scientist in Finance:

Unlock the power of data in the financial sector, leveraging your expertise in IT and finance to extract actionable insights from vast datasets. By applying advanced analytics and machine learning techniques, you'll drive informed decision-making and strategic planning, all while enjoying the autonomy and intellectual stimulation of a data-driven role with less client pressure.

In these specialized roles, your unique blend of IT and finance knowledge positions you for success in environments that prioritize innovation, efficiency, and strategic thinking over relentless work hours and client demands. By capitalizing on your strengths and pursuing a career path aligned with your interests and well-being, you can achieve professional fulfillment without sacrificing your health and happiness.

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Janak

Janak Patel  |19 Answers  |Ask -

MF, PF Expert - Answered on Mar 07, 2025

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Hi, I have 10 CR new surplus coming in next 6-12 months. I have worked hard and would like to take it easy at this point. I would like this corpus to last in perpetuity and leave behind a good amount for kids. I would like to invest this in a way that delivers 3 lakh per month inflation ( assume 5-6%) adjusted income and also grow the portfolio/corpus in longer run. Assume that this portfolio will be there for ever for next generations as well. Please advise a) if this is possible b) If the 3 lakh / per month expectation is too high/low c) provide details how I should approach this. d) Would you be able to prioject based on practical experience how much it will be in 30 years time. Thanks so much
Ans: Hi BK,

The queries you have raised are simple but the the solutions to them can be many. I will cover the important ones - your main objectives of regular monthly income and also have a corpus that you can leave behind.

So before my response I will make a few assumptions along with your inputs
1. You want to have 3 Lakh per month income to be adjusted by inflation each year.
2. You expect to receive above income for the next 30 years.
3. Return on the corpus invested will be an average of 10% pa.
4. Corpus to last beyond 30 years for your children.
5. No other dependencies to be serviced through your corpus.

Response a) Yes it is very much possible.

Response b) 3 lakh per month has to take into account your lifestyle expenses. It may seem too high for someone or too low for another, so its more relevant for you to measure it against your own expenses today. Do note that with time, and also as you indicated you want to take it easy, this number if its valid today may change once you take it easy.

Response c)
One of the simple solution to achieve your goals/objectives can be to split your 10 crore corpus into 2 amounts and invest them separately.
1. Invest 5.5 crore in Mutual fund schemes - you can further split this into 2~3 schemes for diversification and risk management. Consider between Conservative hybrid, Balanced advantage and Aggressive hybrid funds which can provide an annual average return of 10% (consolidated).
After a year of staying invested, start a SWP (systematic withdrawal plan) from these MF schemes to withdraw 3 lakhs per month and there after increase this by 5% every year.
This corpus will last you between 25 to 30 years.
2. Invest the remaining 4.5 crore separately in Mutual fund schemes - again this can be put into a portfolio of different schemes. This needs to be well balanced for investment for the next 30 years. This is where the long time duration of investment can permit you to take a bit of risk and generate good wealth.
At an average of 10% to 12% returns on the portfolio, expect the portfolio value to be between 78 crore and 125 crore after 30 years.

Response d) Projections provided above with assumed rate of returns.

Please note in the above, tax implications have not been taken into account. Also some important and crucial aspects need to be considered - health insurance being the primary one. You should get yourself a good health cover for the remainder of your life, if you have one, check if it needs to be enhanced or if its sufficient.
Hence I would recommend, you to hire/consult a Certified Financial Planner who can help you build your portfolio with recommended products and schemes that will meet your objectives. A CFP can provide a customized plan to achieve your goals and will also provide you alternatives/options and highlight the pros/cons for each.

Thanks & Regards
Janak Patel
Certified Financial Planner.

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Ramalingam

Ramalingam Kalirajan  |8085 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 07, 2025

Asked by Anonymous - Mar 07, 2025Hindi
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Hello Sir, I am a housewife in need of passive income for my own and family needs. I have 30 lakhs which I want to do SWP of 30k every month. Question. How to create my portfolio with 30 lakhs and where and how to invest so that my capital is appreciated and can withdraw my 30k for many years Thanks & Rgds,
Ans: You want to generate a steady Rs 30K monthly income while ensuring your capital grows. This requires a balanced investment approach. I will guide you on how to structure your Rs 30 lakh portfolio to meet both goals.

Key Considerations Before Investing
Sustainability: You need withdrawals to last at least 20-30 years without depleting the capital.
Capital Appreciation: Your money should grow to counter inflation.
Tax Efficiency: Choosing the right funds can reduce tax on withdrawals.
Market Risks: A balance of equity and debt ensures stable and growing income.
A Systematic Withdrawal Plan (SWP) is a good choice. It allows you to withdraw Rs 30K per month while letting the remaining amount grow.

Ideal Portfolio Structure for Rs 30 Lakhs
A mix of equity and debt funds is required. This ensures stability while capturing growth.

Recommended Allocation:

50% (Rs 15L) in Equity Hybrid Funds – For growth and inflation protection
40% (Rs 12L) in Debt Funds – For stability and steady income
10% (Rs 3L) in Liquid Funds – For immediate liquidity and emergency needs
Step-by-Step Investment Plan
1. Equity Hybrid Funds (Rs 15L)
These funds invest in both equity and debt, giving you balanced growth.
Why? They provide better returns than pure debt funds while reducing volatility.
SWP From Here: You can withdraw from hybrid funds for higher tax efficiency.
2. Debt Funds (Rs 12L)
Invest in corporate bond funds and dynamic bond funds.
These offer better stability and returns compared to fixed deposits.
Helps in reducing market risk while still earning higher returns than traditional savings.
3. Liquid Funds (Rs 3L)
This acts as your emergency buffer.
It ensures you don’t withdraw from equity during market downturns.
Helps maintain consistent income even in volatile times.
How SWP Will Work
Start SWP from Equity Hybrid Funds. This ensures capital growth while giving you tax efficiency.
In case of market downturns, withdraw from Debt Funds instead. This protects your equity from unnecessary withdrawals during bad phases.
Rebalance every 2-3 years to maintain stability.
Your Rs 30 lakh corpus can comfortably provide Rs 30K per month for 20-30 years if structured correctly.

Final Insights
SWP from hybrid funds ensures both income and appreciation.
A mix of equity, debt, and liquid funds provides stability.
Your corpus will grow and last for decades if rebalanced periodically.
Tax-efficient withdrawal ensures more money stays in your hands.
With this approach, you get consistent income without worrying about capital depletion.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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Nayagam P

Nayagam P P  |4286 Answers  |Ask -

Career Counsellor - Answered on Mar 07, 2025

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Jee main 2025 attempt 1 my daughter score 89.55 percentile with delhi state quota. What is their expected rank and govt college she got
Ans: Ravish Sir,

How to Predict Your Daughter's Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide

Once the January JEE Main session results are declared, many students and JEE applicants start asking common questions about eligibility for specific institutes (NITs, IIITs, GFTIs, etc.) based on their percentile, category, preferred branch, and home state.

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Daughter's Admission Chances Using JoSAA Data
Step 1: Collect Your Daughter's Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least your daughter's 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your daugther's details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If your daughter is open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Daughter's Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State (OS) candidates and different categories.
Pro Tip: Adjust your daughter's expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, and preparation strategies, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your daughter's admissions!

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