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Mayank

Mayank Kumar  |192 Answers  |Ask -

Education Expert - Answered on Feb 15, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
Sachin Question by Sachin on Feb 09, 2023Hindi
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My son is appearing for his board exam of 12 class. He want to pursue his career in Physics. What options are available in future for him.

Ans: Physics is a wide field. Your son can continue to build his career in the domain of physics - and go for higher order degrees - masters / PhD in India or abroad. After studying physics - your son can explore academia, deep tech, astronomy, nuclear etc. Physics graduate after doing their graduation - also look at finance as an area to go deep into - quantum finance. Some get into MBA too .. So if he is interested in physics - let him pursue that - but have a chat with him on what he would like to post his graduation ..
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Sushil

Sushil Sukhwani  |422 Answers  |Ask -

Study Abroad Expert - Answered on Mar 22, 2024

Asked by Anonymous - Mar 18, 2024Hindi
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My Son did his B. Tech in engg physics from iit Guwahati in 2018. He is very intelligent. Got Bits Pilani high marks, Bengal Joint Rank 70.He had Jest rank 2.Did PhD in physics 2023 subject string theory from TIFR. Now got in southampton uk as post doc. What I find that the general academia is a very long journey and scope is very limited. The income stream also not very encouraging compared to other streams available for a student like my son. My son in love of physics. Let me know what should a person like his caliber do and if wants to switch what should be the direction.
Ans: Hello. It is good to hear that your son has a good academic score and background. It is understandable that you are concerned about your son’s career prospects and income potential in academia, especially in fields like physics. However, given your son’s complete background with a focus on physics and the fact that they release the scope is less, still he can choose to change
1. Your son can choose to work in the R&D departments of companies in technology, aerospace, defence, energy, and finance. The sectors offer competitive salaries.
2. Given your son’s physics background, he can have a smooth transition in the data science and analytics fields. The field has huge demand and can help in leveraging analytical skills.

3. Also, your son can consider entrepreneurship, the science and technology sector, where he can work with complex science concepts., and quantitative finance, where he can put his mathematical and analytical skills to use. The popular roles include financial engineer, risk analyst, quantitative engineer, etc.

4. Apart from this, your son can continue to pursue his education by pursuing postdoctoral research, publishing papers, and choosing to be a professor.

The ideal choice for your son would be totally based on his strengths, career goals, aspirations, and priorities. Talking about transferring to different fields would require a whole new skill set or credentials.

For further assistance, you can get in touch with us.

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R P

R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Mar 22, 2024

Asked by Anonymous - Mar 21, 2024Hindi
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Hi experts, My son is 24 years perusing this MSc in Physics from IIT and will be completing his masters in 2024 May, he is Mechanical Engineer as well. What are the job opportunities for him in India ?? Kindly assist on this please.
Ans: Your son has a strong educational background with a Mechanical Engineering degree and an upcoming MSc in Physics from IIT. This combination opens up a wide range of job opportunities in both the public and private sectors. Here are some potential job roles and sectors he might consider:

Job Roles:

Research Analyst: Conduct research on physical phenomena, create theories and develop methods on how to apply physical laws and theories.
Observation Scientist: Collect and record data, which enables them to construct and then test hypotheses and theories.
Assistant Scientist: Provide support to the scientist in research and educational subject.
Physics Training Manager: Evaluate employees and identify weaknesses. They research, plan and implement training programs that will prepare employees for the next step of their careers.
Software Engineer: Physics helps with logical thinking, debugging issues, solving complex problems, and working with physics-related applications.
Sectors:

Healthcare: MSc Physics graduates have ample opportunities in sectors like healthcare.
Manufacturing and Electronics Companies: These companies often require individuals with a strong understanding of physics.
Academic Institutions: Both public and private academic institutions often have positions for individuals with a background in physics.
Research Laboratories: These can be in the public or private sector.
Atomic and Space Organizations: Organizations like BARC, ISRO often recruit individuals with a strong background in physics.
Telecommunication Sectors: The principles of physics are often used in this sector.
Remember, the salary can vary based on the role and the organization. A campus placement could get students approximately 9-10 LPA and can increase up to 30 LPA based on the experience gained. In the government sector, salaries range from INR 5,00,000 to INR 7,00,000 per annum.

I would recommend your son to start exploring these opportunities and see which ones align with his interests and career goals. Good luck!

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Moneywize

Moneywize   |122 Answers  |Ask -

Financial Planner - Answered on Jun 25, 2024

Asked by Anonymous - Jun 13, 2024Hindi
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Ours is a family of 3 people -- My wife, I and my daughter who is 15. I am 39, my wife is 37 and our monthly expenses are Rs 90K. I own my house and expect to have no fixed income after 65 years, and expect to live till 75. Considering the ever increasing price rise what should be my corpus at 65 for me to continue living the life style I am living today?
Ans: Calculating your retirement corpus:

Here's how to estimate the corpus you'll need to maintain your current lifestyle after retirement:

1. Retirement period:

You plan to retire at 65 and expect to live till 75. So, your retirement period is 75 - 65 = 10 years.

2. Inflation adjustment:

You've rightly considered inflation. To estimate future expenses, we need to factor in inflation. A safe assumption for India is 5-7% inflation. Let's take an average of 6%.

3. Current monthly expenses:

You spend Rs 90,000 per month currently.

4. Future monthly expenses:

To find the monthly expense at retirement (at 65), we need to consider inflation for 26 years (39 years till retirement + 10 years retirement).

You can use an inflation calculator online or a simple formula:

Future monthly expense = Current monthly expense * (1 + Inflation rate)^number of years

In your case, Future monthly expense = Rs 90,000 * (1 + 0.06)^26 ≈ Rs 3,28,550 (approximately Rs 3.29 lakh)

5. Total corpus calculation:

Now you can calculate the total corpus needed. Here's a common approach:

Total corpus = Monthly expense * Number of years in retirement * 12 (months)

However, this method doesn't consider the fact that you'll be withdrawing money every month, reducing the corpus. A more accurate method is using the Time Value of Money (TVM) concept. There are online TVM calculators or Excel functions you can use.

Here's an alternative approach that provides a reasonable estimate:

Multiply the future monthly expense (Rs 3.29 lakh) by a factor considering inflation over the period. This factor can vary depending on your risk tolerance and investment strategy. A factor of 200 is often used as a conservative estimate.
Total corpus = Rs 3.29 lakh/month * 200 (factor) = Rs 6.58 crore (approximately Rs 658 million)

Additional factors to consider:

• Daughter's future expenses: Your daughter will be an adult by the time you retire. While she won't be financially dependent, consider any potential future support you might want to provide for her education or marriage.
• Healthcare costs: Healthcare expenses tend to increase with age. Factor in potential medical needs during retirement.
• Debt: If you have any outstanding debt by the time you retire, you'll need to account for its repayment in your corpus calculation.
• Investment returns: The corpus amount assumes a certain rate of return on your investments. Research different investment options and their potential returns to refine your calculations.

Recommendation:

Consult a financial advisor for a personalised retirement plan considering your specific financial situation, risk tolerance, and investment goals. They can help you create a more comprehensive plan and suggest suitable investment strategies to achieve your corpus target.

Remember, this is an estimate. Regularly review your plan and adjust it based on changing circumstances.

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Mayank

Mayank Chandel  |1003 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jun 24, 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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