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Aashish

Aashish Sood  | Answer  |Ask -

CAT, Management Expert - Answered on Nov 24, 2023

Aashish Sood is an IIM-Lucknow alumnus who has been teaching maths and quantitative aptitude to MBA aspirants for over a decade.
He also mentors management student hopefuls for the group discussion and personal interview rounds that follow competitive examinations.
He has appeared for CAT seven times since 2016 and scored in the 99.9 percentile.
Sood has 16 years of work experience as a management consultant, strategy consultant and research associate.... more
Debabrata Question by Debabrata on Nov 24, 2023Hindi
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Career

My son is a B Tech (2015 from APJA Univ. UPTECH) and MBA in Marketing (2021 from DTU). Since 2016 he has been engaged with TCS (3 years in IT & 2 year in Marketing after completion of MBA ). He is now looking for a better carrier growth in Marketing. Due to less career growth with present employer and after completion of his MBA, he looks forward for a better opportunity. In market he is not able to get better opportunity. He has been trying various organization but not able to get any result. Can you suggest how he can get a better option with regard to career and financially. I think this the right time to have a change for better career growth. Presently he is 30 years old.

Ans: Certainly, I can provide some advice for someone looking to enhance their career

1. I would your son to evaluate his skills, strengths, and weaknesses. Consider the long-term career goals and the industries or roles that align with them.

2. Attend industry events, conferences, and seminars to expand his professional network.

3. Update his Resume and LinkedIn Profile. Ensure that the resume reflects his

4. Consider online courses, certifications, or workshops to stay current in his field.

5. Attend workshops, webinars, or training programs to enhance professional development.

6. He can consider Recruitment Agencies or partner with recruitment agencies or headhunters that specialize in his industry.

Job searches can take time. Stay positive, be persistent, and don't get discouraged by rejections. Consider temporary or freelance opportunities to gain experience while continuing the job search.
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My son is a graduate in BBA from Manipal University, now he is confused with his career.....and depressed about his career................... please advise as to how he should focus himself now for a good career
Ans: I'm sorry to hear that your son is feeling depressed about his career. It's not uncommon for graduates to feel uncertain about their career path, especially when they have multiple options to consider.

1. What activities does he enjoy? What subjects did he excel in during his BBA program? What kind of work environment does he prefer? This self-reflection can provide valuable insights into potential career paths that align with his personal preferences.

2. Professional networking platforms like LinkedIn can be useful for connecting with professionals in fields of interest and learning more about their experiences.

3. Your son can gain practical experience through internships or entry-level positions in industries or organizations that align with his interests. This can provide him with valuable exposure, help him gain new skills, and clarify whether a particular field is a good fit for him.

4. Network with professionals in his desired field through events, industry conferences, or online platforms. Building connections and staying updated with industry trends can provide valuable insights and potential opportunities.

Its is equally important to prioritize mental well-being. If the depression persist or worsen, seek professional help from a counselor or therapist who can provide the necessary support.

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Sir I am a Engineer by profession snd working in Qatar. Same time i had Cost accountant Degree and passed out way back at 2009. After that no touch with Cost Accounts. Now i am 48 yrs and after few yrs i want to move back to India. But that time if want open a cost accounting firm, what would be the best move i can do to open the consulting firm?
Ans: Hello Mr. Heman,
Reestablishing your career in cost accounting and setting up a consulting firm in India requires careful planning. Start by updating your knowledge through ICAI’s continuing education programs, industry seminars, and professional courses to stay current with evolving regulations and industry practices. Reactivating your ICAI membership and obtaining a Certificate of Practice (CoP) is essential to offer consulting services legally. While still in Qatar, gaining practical exposure by offering freelance or part-time cost auditing or GST advisory services to Indian firms will help establish credibility.

Next, choose a suitable business structure - Sole Proprietorship, LLP, or Private Limited Company - based on your growth plans and compliance preferences. Register your firm with the Ministry of Corporate Affairs and obtain the necessary licenses. Conduct thorough market research to identify your target clients, understand industry needs, and define your service offerings, such as cost audits, financial consulting, and management advisory. A well-structured business plan with clear financial projections will help ensure long-term sustainability.

Investing in technology and infrastructure is crucial. Setting up a professional office, adopting modern accounting software, and leveraging cloud-based financial solutions will enhance efficiency. Building a strong professional network is equally important - reconnect with former colleagues, join industry associations, attend networking events, and establish a digital presence through a website and social media to attract clients.

Lastly, focus on compliance and quality assurance. Adhering to ICAI regulations, tax laws, and ethical standards is critical for maintaining credibility and trust. By systematically following these steps, you can successfully transition back into cost accounting and establish a reputable consulting firm in India, ensuring a stable and rewarding career.

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Can I change my plan from star FOH to Star Assure. In plan migration form What I write in PED column. my policy number was taken on 19 February 2021, in the first week of March 2021 suddenly my blood pressure increased, due to which the doctor asked me to undergo angiography. After that the doctor asked to do angioplasty immediately and thus on 18 March 2021 I got angioplasty done. Now I am completely healthy, since my illness occurred within 31 days of taking the policy, company agent told me that there is no provision to cover any health related problem within 31 days. Company agent told me that there is no provision to declare any illness midway. Now I am completely healthy. Company not include my above mentioned health condition in my policy. And compny given me reply "Dear Mr. Jain, We acknowledge the receipt of your mail. With reference to our previous telcon, this is to inform that any disease or ailment/illness if found after inception of policy. It is not required to disclose under policy. But if you still wish to disclose the disease then kindly find the attached PED inclusion form, fill and submit us for further evaluation. Note : To note the disease in the policy PED form is mandatory. We request you to provide the Medical reports/ Discharge summary /any relevant /First consultation paper / medical document of the said procedure/diagnosis, which shall be kept for our reference. " What can I do.
Ans: Hello;

Regarding plan migration feasibility you may check with your insurer/insurance agent.

If you want to inform the insurer about your later acquired illness you may furnish the details to them as per their requirement and check their feedback on the same.

Their feedback will decide your next course of action.

Best wishes;

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