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Workplace Expert - Answered on Feb 12, 2024

Career Coach is a recruitment expert with experience in hiring, training, upskilling and leadership management. ... more
Asked by Anonymous - Feb 12, 2024Hindi
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Career

My son, currently in class 11, faces a tough decision: choosing between Medicine and Engineering as his future career path. He displays strong aptitude in both Science and Math, excelling in both CET and NEET coaching, but hasn't opted for JEE. We're seeking guidance to help him make an informed and fulfilling choice. We've encouraged him to research both fields beyond academics, exploring the work lifestyle, daily tasks, and potential specializations. Yet, a clear direction remains elusive. If you have any valuable insights or practical strategies to help him navigate this crucial decision, we'd be incredibly grateful. Any advice on exploring various aspects of each career, identifying relevant personality traits, or understanding current industry trends would be immensely helpful. Thank you for your time and support in guiding our son towards a fulfilling future!

Ans: It's wonderful that you're proactively supporting your son in making this important decision. Choosing between medicine and engineering can be challenging, especially when someone excels in both areas. Here are some insights and strategies to help him navigate this process:

Exploring and Evaluating:

- Personality and Values: Both medicine and engineering require different personality traits and values. Medicine demands strong empathy, emotional intelligence, and dedication to patient care. Engineering emphasizes problem-solving, logical thinking, and creativity in design. Encourage your son to reflect on his values and preferred work environment – does he thrive on helping others directly or building tangible solutions?
- Shadowing & Volunteering: Arrange for him to shadow professionals in both fields (doctors, engineers) to observe their daily tasks, challenges, and rewards firsthand. Volunteering in clinical settings like hospitals or engineering projects can offer practical experience and insights.
- Specializations: Discuss the diverse specializations within each field. Medicine offers countless paths (cardiology, oncology, surgery), while engineering branches into various disciplines (civil, electrical, software). Exploring specific areas within each can ignite passion or reveal specific interests.
- Industry Trends: Research current trends and future projections in both sectors. Is there a specific engineering field experiencing rapid growth? Are there areas in medicine facing rising demand for specific expertise? Discussing these trends can help him make an informed choice aligned with future job prospects.

Additional Strategies:

- Career Aptitude Tests: Consider professional career aptitude tests to gain insights into his inherent strengths and inclinations. While not definitive, they can offer valuable data points for reflection.
- Talk to Mentors: Connect him with professionals in both fields whom he admires. Mentors can share their personal experiences, insights, and challenges, offering valuable guidance.
- University Visits & Events: Attending university open houses, webinars, and events specific to each field can expose him to diverse perspectives and learning environments.

Remember:

- There's no "right" answer. Encourage him to prioritize personal fit, values, and long-term aspirations over external pressures.
- Both fields offer fulfilling careers. Don't frame it as a competition but as exploring two exciting possibilities.
- The journey, not just the destination, matters. Enjoy the process of discovery and learning about himself and his passions.

Ultimately, the decision lies with your son. By providing him with opportunities for exploration, self-reflection, and informed discussion, you'll equip him to make a confident and fulfilling choice for his future.

I hope these insights and strategies prove helpful. Also remember that professional guidance from career counselors or educational institutions can be invaluable in his decision-making process.
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Asked by Anonymous - Mar 26, 2024Hindi
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Dear Siir, My son is studying BMLT( Bachelor in Medical Laboratory Technology) of 31⁄2 years duration, (likely to be 4 years) and will complete his study in June'24. Then he will have to undergo mandatory internship in labs or hospitals where he is to be placed by the University. I would request you to show a suitable path to follow for him after the end of his present course. Should he go for further higher relevant study for future prospects or search for a job? He is now 26 years+(DOB- 07/10/1997). He attempted NEET after 12 in 2016 & every time he did qualify but couldn't bag up a general seat due to marks constraint. He did qualify in West Bengal JEE but showed no interest in Engineering career. He always likes to adhere to medical/ allied health service courses. I await your valuable expertise advice regarding my son.
Ans: Hello Sir,
below can be career avenues for your son.

Clinical Laboratory Technologist/Technician: This is the most common career path for MLT graduates. You could work in hospitals, clinics, diagnostic laboratories, or research facilities, performing tests on patient samples to assist physicians in diagnosing and treating diseases.

Research Assistant: MLT graduates can work as research assistants in laboratories, assisting scientists and researchers in conducting experiments, analyzing data, and contributing to scientific discoveries.
Quality Control Technician: You could work in pharmaceutical or biotechnology companies, ensuring that products meet quality standards by testing raw materials, intermediates, and finished products for purity, potency, and safety.

Infection Control Officer: With additional training or certification, you could work as an infection control officer, responsible for preventing and controlling infections in healthcare settings by monitoring and implementing protocols to ensure patient and staff safety.

Public Health Officer: MLT graduates can work in public health departments or government agencies, contributing to disease surveillance, outbreak investigations, and health promotion programs aimed at improving community health.

Healthcare Information Specialist: With additional training in health informatics or medical coding, you could work as a healthcare information specialist, managing and analyzing patient data to improve healthcare delivery and outcomes.

Education and Training: If you enjoy teaching, you could pursue a career as a teacher or instructor in MLT programs, training future laboratory professionals.


Specialized Laboratory Technologist: MLT graduates can choose to specialize in areas such as microbiology, hematology, immunology, or molecular diagnostics, focusing on a specific area of laboratory testing.
Phlebotomist: If you enjoy working directly with patients, you could become a phlebotomist, responsible for drawing blood samples for laboratory testing.


Healthcare Administration: With additional education or experience, you could pursue a career in healthcare administration, managing laboratory operations, budgets, and personnel.

..Read more

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Ramalingam

Ramalingam Kalirajan  |1728 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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Money
Sir , I am working man ( Age- 52 ) , I invested in MF , LIC , NPS , ULIP , FD , TermPlan etc .. all total the market value cost of invested fund is almost Rs. 50 lakhs.. Now my query is that do I withdraw all the money ( i.e. 50 lakhs) and invested in FD for 10 years to get monthly income ? pls guide me .. I am confused ...
Ans: It's understandable to feel confused when considering significant financial decisions like withdrawing and investing a substantial amount of money. Let's weigh the pros and cons of withdrawing your investments and putting the funds into fixed deposits (FDs) for generating monthly income:
Pros of Investing in FDs:
1. Stable Income: FDs provide a fixed interest rate, ensuring a predictable monthly income stream, which can be beneficial for meeting regular expenses.
2. Capital Preservation: Your principal amount invested in FDs is generally considered safe and protected, offering stability and security.
3. Ease of Management: FDs are relatively straightforward investment instruments, requiring minimal monitoring and management.
Cons of Investing in FDs:
1. Limited Returns: FDs typically offer lower returns compared to equity-linked investments like mutual funds, which may not be sufficient to keep pace with inflation over the long term.
2. Lack of Flexibility: Once you invest in FDs for a specific term, withdrawing funds before maturity may attract penalties or lower interest rates, limiting liquidity.
3. Inflation Risk: FD returns may not always keep up with the rising cost of living, potentially eroding the purchasing power of your income over time.
Considerations:
1. Risk Tolerance: Assess your risk tolerance and financial goals to determine if the conservative approach of FDs aligns with your needs. At age 52, preserving capital and generating steady income may be a priority.
2. Diversification: Review your overall investment portfolio and ensure it is well-diversified across asset classes to manage risk effectively. Consider maintaining exposure to growth-oriented investments like mutual funds for long-term wealth creation.
3. Financial Planning: Consult with a Certified Financial Planner to create a comprehensive financial plan tailored to your goals, risk profile, and income needs. They can provide personalized guidance and help you make informed decisions.
In conclusion, while FDs offer stability and regular income, they may not be the most efficient option for long-term wealth accumulation. It's essential to balance safety, liquidity, and returns based on your financial situation and objectives.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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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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