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Should I pursue an MBA or MCA with a BA English degree and current HR experience?

Patrick

Patrick Dsouza  |1004 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jun 25, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Asked by Anonymous - Apr 11, 2024Hindi
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I have completed my graduation in BA ENGLISH in 2020 and I am currently working as a Hr executive.Can I do an distance MBA or Regular MBA as the market Conditions are very bad right now .or Shall I Opt for a distance MCA . Or a Online MCA .

Ans: Considering your background you can do a full time MBA. Another option is to try for Executive MBA if you will have more than 5 years experience by next year. There is not much scope of Distance MBA and should be done only if you are not able to leave your job.
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Patrick

Patrick Dsouza  |1004 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on May 15, 2024

Asked by Anonymous - May 14, 2024Hindi
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Which is beneficial out of 1.Certficate programes by MBA colleges . 2 Distance MBA 3. Executive MBA 4. Regular MBA in India? Context: I have 12 year of experience in total in the IT sector. I am a solution architect earning around 50LPA CTC. I am exploring the options of doing an MBA and not sure which one is more suitable. I am in middle management and want to get into the senior leadership role. Objective: This MBA/certificate for me is a ladder to scale up. So I am looking only for top 5 management schools in India. Mostly from IIM's or ISB only. Expectation: Looking for alumni status Looking for network connections for better outreach for a job switch. Impression on Resume/profile to get a job in a higher designation. I am more concerned with designation although in the IT sector only. (Is impression is enough to scale up the ladder , with comm and tech skills. Not sure ) Constraints: I need remote education, and can't relocate to different cities. cant go beyond 6-8lakh fees. Options: Certificate Program (IIM, ISB, XLRI) Executive MBA(1 year)(Too expensive though) General MBA(2 year remote) From these options, which is the best alternative? and what is the difference between these? Does it hold any value on paper?
Ans: It is always preferable to do an Executive MBA considering what you require from an MBA course. But you have other constraints in which case look at distance MBA Certificate course. There are foreign universities like Wharton, Kellogg, etc offering Distance Certificate course, but if you plan to continue working in India, course from top IIMs or ISB or XLRI could be better.

..Read more

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Milind

Milind Vadjikar  |1093 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Mar 08, 2025

Asked by Anonymous - Mar 06, 2025Hindi
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Can I retire at age of 50 years? My savings are cash in Bank around Rs 2 Cr with nominal FD returns, Have Physical Gold about 3 Kg (Purchase price 1.8 Cr), Have Ornament Gold about 2.3 Kg (Purchase price 1.2 Cr), Have Unlisted NSE stock worth 1 Cr, Have Pre IPO Opportunities Fund worth Rs 80 Lakhs, Have two apartments worth 3 Cr and 1.5 Cr with combined rental of Rs 1Lakh per month, Have residential plot worth 1.5 Cr, Have one house abroad worth 6 Cr and rental 2 Lakhs per month, Have cash in Offshore Bank in dollars i.e. worth Rs 12 Cr with nominal FD returns, Have Insurance schemes worth Rs 20 Lakhs and Lastly have a house worth Rs 18 Cr in which we currently reside. Our Expenses : We have no Loans/Debts, Our Average Monthly Expenses are Rs 8 Lakhs, Health Insurance Rs 1.5 Lakhs per annum, Total College Education abroad for 2 kids for next 6 years estimated to be Rs 6 CR on an average 1CR per year, Old Aged Parents Expenses Rs 2 Lakhs per month.
Ans: Hello;

Just summarizing your assets available for generating retirement income:

1. Domestic FD: 2 Cr
2. Gold(3 Kg) valued at~:2.64 Cr
3. Jewellery valued at~:2 Cr
4. Flat1: 3 Cr
5. Flat2: 1.5 Cr
6. Land: 1.5 Cr
7. Overseas House: 6 Cr
8. Overseas FD: 12 Cr
9. Self occupied property: 18 Cr
10. Stock & AIF: 1.8 Cr
Total: 50.44 Cr
(Gold price considered: 88 K per 10 gm)
However we can subtract assets at serial no. 3, 7 and 9 from this and we get a corpus of 24.44 Cr. The 44 L may be kept aside for transaction costs, taxes etc.

It is advisable that you sell the flats in India offering low rental yield and also physical gold and the land property.

Now the corpus of 24 Cr may be split into two parts:
20 Cr may be invested in MFs for SWP at 5% yielding post tax income of around 7.3 L per month.

4 Cr may be used to buy immediate annuity from a life insurance company. Assuming 6% annuity rate you may expect a post tax monthly income of 1.4 L.

So your post tax monthly income may be:
7.3+1.4+2*=10.7 L as desired.
*Rental from overseas House

Since the kid's higher education is not finding place here I suggest you work for few more years, while putting this retirement income plan in place, for funding their higher education.

Best wishes;
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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