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Should I pursue further studies after a Mechanical Engineering Degree?

Aasif Ahmed Khan

Aasif Ahmed Khan   |163 Answers  |Ask -

Tech Career Expert - Answered on Jul 24, 2024

Aasif is a mechanical engineer with 16 years of experience, specialising in maintenance, troubleshooting, planning, training and creating documents. He currently works as a manager at Rashtriya Chemical and Fertilizers Ltd in Mumbai.
Aasif is passionate about guiding students and aspiring engineers as they aim to choose the right educational paths, including courses and colleges.
He holds a bachelor's degree in mechanical engineering from the Indore Institute of Science & Technology in Indore and is currently pursuing a master's degree in thermal and fluid engineering at the Indian Institute of Technology, Mumbai.... more
Asked by Anonymous - Jul 10, 2024Hindi
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Career

Dear sir, I have bachelor degree in Mechanical Engineer. I have around 13+ years total experience. Currently in medical domain (NPD). I wanted to pursue further studies or courses to improve my career. I beleive MBA won't be a good option and M tech not very sure. Do you have any recommendation on any course or higher education which suits current and future situation?

Ans: Evaluate your interests, what aspects of your current role you enjoy the most and look for courses that align with those interests.

Given your extensive experience in Mechanical Engineering and your current role in the medical domain, here are some recommendations-

1. Certified Professional in Healthcare Quality (CPHQ)- This certification focuses on quality management, performance improvement, and patient safety in healthcare.
2. Certified Professional in Patient Safety (CPPS)- This certification is designed for professionals who want to specialize in patient safety.
3. Project Management Professional (PMP)- This certification is globally recognized and focuses on project management skills.
4. Master’s in Healthcare Administration (MHA)- This degree focuses on the management and administration of healthcare organizations.
5. Data Science and Analytics- Courses in data science and analytics can help you leverage data to improve healthcare outcomes.
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What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
The fund house will:
1. Pay out investors based on the fund's last recorded Net Asset Value (NAV) and the number of units the investor holds, after deducting expenses.

2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

The stocks and bonds purchased by the AMC for the fund are held by a custodian, appointed by the trust that administers the fund.

The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
X: @mars_invest

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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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