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Engineering Student Advice: Tips for Success

Nayagam P

Nayagam P P  |4548 Answers  |Ask -

Career Counsellor - Answered on Sep 08, 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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Praveen Question by Praveen on Sep 08, 2024Hindi
Career

Sir not able to find your tips/strategies to followed by 1st yr Engineering student till last yr . Kindly provide on which date was this given by you or link .my daughter doing CSE (AI& ML ) wants to do best online certification course which one would be best course for her on NPTEL - kindly advise My

Ans: Praveen Sir,

As desired by you, given below are the steps/strategies/techniques to be followed from 1st Year till last year.

1) Visit the college campus & your CSE Department. Spend around 2-3 hours, if the college has not yet opened.

2) Check the reviews/do thorough research about the college in Google/Quora. Please note, no college can be 100% perfect and the perception/opinion of the students about the college differs from one another. Keep in mind any negative evaluations of universities, but avoid making predetermined conclusions until you get them validated after joining the college, as the internet is flooded with information with differing opinions.
3) If the course curriculum is available on the college’s website, go through it.
4) Try to research your favorite subjects in Google / YouTube / LinkedIn etc. till college opens.
5) Now, create your professional-looking LinkedIn Profile.
6) It is advisable to create a new professional email ID (preferably Gmail ID) like ‘ravikant_btech or ravikant_tech or ravikant_cse_tech’ etc. (for LinkedIn/Job Applications/Certificate Courses) INSTEAD of using the same personal email ID that you might be having already.
7) You can provide your email ID to the college if it stresses for the same ID when you applied for the college No issue.
8) Have a limited/like-minded friends circle though you can interact with all the students of your classroom.
9) Involve in co/extra-curricular activities, related to your domain or which will be of your interest. This will help you in the long run for Campus Interviews/Abroad Education etc.
10) Avoid skipping any classes and take notes, provided by the Faculties. Class notes are more important for all tests/exams in your college.
11) Have a good/professional relationship with all faculties of the CS department.
12) Create a separate note-book for doubts for each subject.
13) Whenever doubt-clearing sessions are conducted, fully utilise them and get all your doubts cleared and note down to avoid 11th hour pressure before each test/exam.
14) Important: Maintain a decent SGPA/CGPA of 8.5 and above without any backlogs/arrears.
15) After 1st Semester is over, start learning and/or upgrading new skills from NPTEL, LinkedIn, Coursera, Upgrad, Internshala etc. and / or recommended by your faculties.
16) Once you complete the online/offline short-term courses & get certificates, immediately update them in LinkedIn.
17) MOST IMPORTANT: Put job alerts in LinkedIn, related to your domain (CSE), get notifications, go through the JD (Job Description) of each job vacancy to know the job market trends and prepare yourself for the same.
18) Whenever you get an opportunity, interact with the 2nd to 4th year students & get their advice which will enable you to plan after completing each academic year.
19) Whenever Campus Recruitments are taking place, if time permits, interact with the last year students after they attend the interview, to know about the assessment tests, interviews, group discussion, selection process & companies visited.
20) Placement cell of most of the colleges displays the names of the recruiters/companies visited during the last 3-years. Whenever time permits, do a research about each company by visiting its website.
21) It is advisable to start preparing for assessment tests of Campus Recruitment, once you enter into 4th year.
22) Decide in advance in 4th year itself, whether you want to go for the job after your BTech or to pursue your Masters in India or Abroad.
23) If decided for Masters, start preparing well for Entrance Exams/IELTS/TOEFL/PTE etc. whichever is applicable.
24) Before approaching an Abroad Education Consultant, conduct thorough study on the countries and universities you are interested in.
25) Please note, your college cannot arrange to provide internships for all students. If you get, well and good.
26) If not, you should start trying through LinkedIn, Internshala, any other Internship platforms, or through your parents/their colleagues in any of their companies for Internship (instead of relying only on your college).
27) As far as the Campus Interview is concerned, prepare a good/professional-looking Resume just in 1-page as you will be a fresher. Use ‘cultivatedculture’ Resume Building Platform which is very user-friendly and free also.
28) To prepare for the online or offline interview, prepare yourself with Mock Interviews using your mobile phone with the help of your family members/friends. Conduct at least 10 mock interviews, correcting yourself in each one for your responses to the questions as well as your body language.
29) Preparing around 20-25 technical / non-technical questions & answers for the same in advance will further boost your confidence when you face actual interviews.
30) When applying for campus interviews, prioritize organizations with job descriptions that fit your profile, hobbies, credentials, qualifications, location, job title, and company reputation.
31) However, have Plan B & Plan C if campus recruitment does not work out.

Hope, I have covered almost all aspects with value-additions.

Regarding NPTEL, to begin with, please advise her to join the course titled, "AN INTRODUCTION TO ARTIFICIAL INTELLIGENCE'. This will boost her confidence. Please type in google ' NPTEL Artificial Intelligence'. You will get the link as I am not authorised to provide direct link here Sir.. This course is conducted by an IIT-Delhi Professor Mausam. Gradually, she can go on joining other certifications, recommended by her college faculties.
All the BEST for Your Daughter's Bright Future, Praveen Sir.

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Asked on - Sep 08, 2024 | Answered on Sep 09, 2024
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Thanks a lot
Ans: Welcome Sir.
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Prof Suvasish

Prof Suvasish Mukhopadhyay  |690 Answers  |Ask -

Career Counsellor - Answered on May 19, 2025

Ramalingam

Ramalingam Kalirajan  |8474 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2025

Asked by Anonymous - May 18, 2025
Money
Sir we took a sbi global Ed-vantage education loan with collateral for 80lakh on May 2024. For 10.65.%for 15yrs. They said int rates are computerized pan India. So we trusted them. But after one year nd disbursement of 40lakh . But we got email saying interest is now 11.15% we checked. current rates it was 9.15 .%. we were shocked it made as to check what was the rate during our loan sanction time. It was same 9.15. we felt cheated . When we asked the bank they said they can't change that. Let's see what can be done for 0.5%increase . Trusting sbi nd not checking the rates was our fault. Now what's the remedy for us. Hope you can guide us. We will be grateful for your help.
Ans: You’ve done the right thing by revisiting and questioning the loan terms. It’s understandable to feel disappointed and betrayed. Many borrowers assume public banks will offer full transparency. But sadly, loan processes — even in SBI — are not always straightforward. Let’s explore your case from all angles and suggest clear remedies.



1. Understanding the Real Issue First


Your SBI education loan was sanctioned at 10.65% in May 2024.



Today, after disbursing Rs. 40 lakh, you’ve been told the new rate is 11.15%.



But the current advertised rate is only 9.15%.



This mismatch raises a key concern: Was your rate fixed or floating?



SBI Global Ed-Vantage loans are generally linked to EBLR (External Benchmark Lending Rate).



That means the interest rate must change as the RBI repo rate changes.



But the reality is, SBI often adds a “spread” or “premium” over the benchmark rate.



This spread is based on credit score, collateral, student profile, etc.



Even if repo goes down, SBI may increase spread, keeping final rate high.



And sadly, banks don’t disclose this clearly unless you ask.



2. What Might Have Happened in Your Case


SBI’s base rate (EBLR) may have been 9.15% during sanction.



But your rate was 10.65%, which means spread was 1.50%.



Now, repo may have dropped, but SBI raised the spread silently to 2.00%.



So your new rate is 9.15% + 2.00% = 11.15%.



This is how banks play with the spread behind the scenes.



It’s not illegal. But it is misleading if not explained upfront.



3. Your Mistake Was Only Trusting Without Verifying


It’s true — not checking the benchmark and spread is common.



Many assume SBI will give best possible rate.



But banks use “pan-India computerized” explanation to avoid individual discussions.



Now that you caught it, it’s time to take the right steps.



4. What You Can Do Immediately


First, send an official written complaint to SBI branch manager.



Ask for detailed loan sanction letter, annexure, and EBLR-linked rate calculation.



Request a written breakup: current repo rate + spread = your interest.



Ask for justification of why spread is 2.00% now.



Mention the advertised rate (9.15%) and ask why you didn’t get it.



Submit this via email and hard copy and ask for written reply.



5. If Bank Doesn’t Cooperate, Escalate in Stages


After 7 working days, if branch doesn’t reply, write to SBI Zonal Office.



You can get email and contact on SBI website under grievance redressal.



Still no help? Raise complaint to SBI Customer Care portal online.



Use this link: https://crcf.sbi.co.in/ccf/



Clearly mention the unfair spread hike, deviation from base rate, and lack of clarity.



Upload all documents, email chains, and screenshots.



You will get a complaint ID. Follow it regularly.



6. If Still No Resolution – Use RBI Ombudsman Route


Wait for 30 days from SBI complaint.



If no response or unsatisfactory reply, file online to RBI Banking Ombudsman.



Use this link: https://cms.rbi.org.in



Fill full complaint history, and attach copies.



You can highlight that loan was linked to repo rate but you were charged more.



RBI may take strict action if SBI is found wrong.



7. Optional But Powerful – RTI Filing


You can also file RTI to SBI Head Office.



Ask:



What was EBLR in May 2024?



What is the spread for Global Ed-Vantage loans for a profile like yours?



Why your loan is now at 11.15% while base rate is 9.15%?



File online here: https://rtionline.gov.in



Cost is Rs. 10. Takes 5 minutes. Use your name and bank account number.



SBI must reply in 30 days.



8. What to Avoid Now


Do not make fresh disbursement of the remaining Rs. 40 lakh unless clarified.



Don’t blindly continue EMI or interest payments without documents.



Don’t fall into trap of “switch to fixed rate” offers from bank.



That can trap you at high rates even when repo falls later.



And don’t assume you can’t fight – RBI is serious about customer complaints.



9. Is Loan Takeover Possible from Another Bank?


After first disbursement, loan takeover is hard.



Very few banks take over mid-way student loans.



But if issue continues, and rate remains high, you may explore NBFC options later.



They may allow takeover if collateral is strong.



But this should be Plan B, not immediate action.



10. What Can You Learn and Apply Ahead?


Always ask for base rate + spread breakdown during loan sanction.



Ask if rate is repo-linked or MCLR-linked or fixed.



Collect the signed loan agreement and annexure with these details.



Ask for email confirmation, not just verbal words.



And monitor repo and EBLR changes every quarter.



11. Financial Tip: Start Small SIP for Education Loan Buffer


Start a monthly SIP to build buffer for future EMIs.



In case interest rate continues rising, this corpus can help.



Use short-term debt fund or ultra short-term fund for this.



This will reduce dependence on fresh disbursement or bank help.



Finally


You’ve taken a bold and right step by verifying everything.



SBI has no right to quietly raise spreads without proper explanation.



You can fight this legally and fairly through written complaints and RTI.



Be persistent, polite, and professional.



Track everything and escalate stage by stage.



Your case can also become reference for many other parents and students.



Take this fight not just for you, but for every Indian borrower.


Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Ramalingam

Ramalingam Kalirajan  |8474 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2025

Asked by Anonymous - May 18, 2025
Money
Dear Sir, I am 39 Year old with in-hand salary 1.9L. I have an ongoing homeloan of 48L with an EMI of 37k per month. I am paying 50k to principal in every quarter. Also I have a cash in saving account (emergency fund) 10L, Gold 24L, MF around 7.5L and stocks around 4L. Pls suggest if this looks fine or what changes i should do for proper balancing my finances. Shall I focus on loan prepayment or more into investment.
Ans: You have made strong financial progress. You earn well, invest regularly, and maintain discipline. Let’s now do a deep evaluation and give a complete 360-degree plan. We will look at debt, investments, risk protection, asset mix, and your goals.

This will help you get better clarity and balance in your money life.



1. Emergency Fund – Good, but Rebalance a Bit


Rs. 10 lakh as emergency fund is quite healthy. You’re well-prepared for sudden needs.



Ideally, 6 to 9 months of expenses is enough. For you, Rs. 5–6 lakh is sufficient.



Keep part in a sweep-in FD linked savings account.



Move the extra amount to debt mutual funds for higher returns with some liquidity.


2. Home Loan Strategy – Continue Part Prepayments Smartly


Your Rs. 48 lakh home loan with Rs. 37,000 EMI is well within your income capacity.



Paying Rs. 50,000 principal every quarter is a smart move. It reduces interest load.



This gives you a good balance between investment and debt reduction.



Avoid lump sum full closure now. Use part-prepayment method.



This way, you retain liquidity and reduce loan burden over time.



Keep this strategy going for next 6–7 years.


3. Mutual Funds – Continue, But Review the Mix


Rs. 7.5 lakh in mutual funds is a good beginning.



Check asset allocation across large, mid, and small cap.



Avoid overexposure to mid and small cap funds. They are volatile.



Add more to diversified flexi-cap and large cap funds.



Choose actively managed funds only. Avoid index funds.



Index funds don’t adapt to market changes. Active funds are better in down cycles.



Direct funds look cheap, but not better for long-term investors.



Regular funds via a qualified Mutual Fund Distributor with CFP help you track and rebalance.



You get guidance, discipline, and human advice that apps don’t provide.


4. Equity Stocks – Don’t Over-Rely


Rs. 4 lakh in stocks is okay. Keep it under 10–15% of your portfolio.



Individual stocks carry high risk. Not suitable for core long-term goals.



Treat it as satellite allocation. Limit exposure.



Stay invested in quality businesses only.



Avoid over-trading or short-term speculation.


5. Gold – Need to Reduce Overweight


Rs. 24 lakh in gold is very high. It is around 60% of your financial assets.



Gold is for protection, not long-term growth.



Prices can stagnate for years. No income is generated.



Keep only 10–15% of your portfolio in gold.



Start gradually redeeming and shifting to mutual funds.



You can use gold to prepay part of the home loan or invest in flexi-cap funds.



Don’t exit all at once. Spread over next 12 to 24 months.


6. Income vs Expenses – Room to Save More


You earn Rs. 1.9 lakh per month in hand. EMI is only Rs. 37,000.



This gives you high saving potential. Use it well.



Target to invest at least Rs. 70,000 to Rs. 80,000 per month.



Break it into SIPs, debt funds, and some into equity.



Emergency fund and gold already give you base safety.



So now, focus more on compounding growth.


7. Retirement Planning – Need Structured Focus


At 39, you have 18–20 years for retirement.



Start a separate retirement SIP portfolio.



Use a mix of equity and hybrid mutual funds.



This should be at least Rs. 25,000–30,000 per month.



Rebalance yearly with a Certified Financial Planner.



Don’t depend on PF alone. It won’t be enough for modern lifestyle needs.


8. Child Education and Family Goals – Plan Now


If you have children, their future needs planning.



Start a dedicated SIP for higher education or marriage.



Keep it separate from retirement funds.



Education costs are rising fast. Early action helps.


9. Insurance – Must Protect What You Built


Term insurance is a must if you have dependents.



Cover should be at least 15 to 20 times of yearly income.



Avoid endowment or ULIP policies.



If you already have them, consider surrendering.



Reinvest proceeds in mutual funds through a qualified CFP.



Also ensure you have health insurance for all family members.



Check if coverage is minimum Rs. 10–15 lakh per person.



Use top-up plans if base cover is low.


10. Tax Planning – Optimise Smartly


Use full benefits under Section 80C with PPF, EPF, or ELSS.



Avoid locking money into tax-saving FDs with low returns.



Plan HRA, housing loan interest, and NPS for extra deductions.



Use new capital gains rules when you redeem mutual funds.



Equity fund gains above Rs. 1.25 lakh taxed at 12.5%.



Short-term equity fund gains taxed at 20%.



For debt funds, gains are taxed as per your slab.


11. Asset Allocation – Time to Restructure


Your current structure is skewed toward gold.



You need a mix of equity 50%, debt 30%, gold 10–15%.



This will give balance between growth, safety, and liquidity.



Do this realignment slowly over next 12–18 months.


12. Investment Tracking – Do Yearly Review


Review your portfolio once a year.



Rebalance if any one asset class moves too much.



Exit underperforming funds and move to better ones.



Take help of a CFP for regular review.



Avoid chasing returns or timing market.



Stick to plan with discipline.


13. Psychological Strength – Stay Patient and Calm


Don’t panic in market falls. Stay invested.



Avoid comparing with others. Your plan is unique.



Investing is a slow, steady journey.



Focus on consistency, not speed.



Celebrate small milestones. Stay motivated.


Finally


You’ve done many things right already. Strong salary, low EMI, good saving habits.



Just reduce gold holding and rebalance into growth assets.



Continue smart prepayment of loan, but don’t be in a rush to close.



Increase investments now, especially into mutual funds and SIPs.



Plan separately for retirement, education, and protection.



Follow a structured plan under guidance of a CFP.



Track yearly and adjust as life changes.



Your future can be safe, growing, and peaceful with this disciplined approach.


Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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