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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Aug 25, 2023

Asked by Anonymous - Aug 22, 2023
Career

My son is currently doing job as data analytics and he want to pursue MS in US. What is your suggestions? Whether this is right decision? Studying in US is very expensive.

Ans: Hello,

To begin with, thank you for getting in touch with us. Yes, ma'am, pursuing a Masters degree in the United States is a wise idea. In these competitive times, getting a better degree from another country not only helps with updated knowledge but also with a higher salary and employment opportunities. There are several specializations for your son to pick from, and education in the United States is highly respected globally. Costs may vary, but we can help him select a course and university based on his profile and budget. You may also apply for an education loan. For additional information, please contact your nearest branch so that our team of experts can better help you. Thank you very much.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Jun 02, 2023

Asked by Anonymous - Jun 02, 2023
Career
My Son wants to pursue Masters in Data Science in US after completing his Computer Science (BE with honors in Data Science). As a parent what are the check list from my end.
Ans: Hello,

To begin with, thank you for contacting us. Being involved and encouraging of your son's educational goals as a parent is fantastic. Pursuing a Master's degree in Data Science in the United States could provide him with several opportunities. This list of ideas can help you as a parent support your son during the process:

1. Colleges and programs for research: Assist your son in his quest for renowned US colleges that provide Master's in Data Science programs. Take into account program curricula, academic expertise, research possibilities, and industry contacts.

2. Entry requirements: Know the requirements for admission to the universities your son is considering. This could consist of academic records, LoRs, GRE/GMAT test results, a SOP, and evidence of English language ability (TOEFL/IELTS).

3. Planning Finances: Talk to your kid about the costs associated with studying abroad. Examine several financial choices, including grants, loans, assistantships, and scholarships. Calculate the approximate cost of living expenditures, health insurance, and other connected costs.

4. Visa and immigration: Know the US student visa procedure. Examine the required forms, processes, and any difficulties that may arise. Keep abreast of changes to immigration laws and requirements.

5. Application timeline: Assist your son in making a schedule for the application procedure that includes the due dates for financial aid, admission, and visa applications. Assure that he stays organised and provides all required documentation on time.

6. Statement of Purpose: Help your son write a compelling SOP that highlights his academic prowess, research interests, professional aspirations, and his particular interest in earning a Master's in Data Science.

7. Recommendation Letters: Encourage your son to ask professors, mentors, or other experts for strong letters of recommendation. Assist him in gathering all the data and due dates demanded by the recommenders.

8. Standardized exams: Encourage your youngster to study for exams like the GRE or GMAT if necessary. To become acquainted with the format and scheduling of the exams, provide resources and practise materials, and urge him to take practise exams.

9. Academic readiness: Make sure your son keeps up a high academic record throughout his college education. Find him relevant online workshops, tutorials, or courses to help him expand his understanding of data science and related topics.

10. Collaboration and internships: Support your son's attendance at data science-related conferences, seminars, and workshops. Encourage him to look into possible field internships that could improve his practical experience and expose him to the sector.

11. Wellness and good health: Throughout the process, ensure your son's physical and mental well. While studying abroad, make sure he prioritizes his well-being and develops a solid support system.

12. Cultural adaptation: Prepare your son for cultural differences he may face in the United States. Counsel him about adjusting to a new environment, such as housing, transportation, and local traditions.

Respect your son's decisions and be transparent with him throughout the process. Together, going through the checklist might make the journey easier to manage. Good luck to your son as he pursues his Master's in Data Science!

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Jul 04, 2023

Career
My son wants to go for MS degree in US. He is working as software engineer for one year now. Please advise pros and cons. Thanks,
Ans: Hello Sreekumar,

To begin with, thank you for contacting us. Choosing to pursue a Master of Science (MS) degree in the United States can be a significant decision with several pros and cons to consider. Here are some factors to keep in mind:

Pros:
1. Advanced Education: An MS degree can provide specialized knowledge and advanced skills in a particular field, allowing your son to deepen his expertise and stay competitive in the job market.

2. Career Opportunities: Many employers value candidates with advanced degrees, and an MS can enhance his chances of landing higher-level positions or advancing his career in the software engineering field.

3. Networking: Studying in the US can provide excellent networking opportunities, allowing your son to connect with industry professionals, potential mentors, and fellow students who may become valuable contacts in the future.

4. Research Opportunities: If your son is interested in pursuing research or academia, an MS degree can serve as a stepping stone towards a Ph.D. program and open doors to research positions or teaching opportunities.

5. Exposure to Diverse Perspectives: Studying in the US exposes students to a culturally diverse environment, which can broaden their horizons, foster global awareness, and provide a rich learning experience.

Cons:
1. Financial Considerations: Pursuing an MS degree in the US can be costly, including tuition fees, living expenses, and potentially higher healthcare expenses. It's important to carefully assess the financial implications and explore scholarships, grants, or assistantships to help mitigate costs.

2. Competitive Admissions: Admission to reputable MS programs can be highly competitive, especially in sought-after fields. Your son will need to prepare a strong application, including competitive test scores, letters of recommendation, and a compelling statement of purpose.

3. Temporary Stay: Pursuing an MS degree usually involves a temporary stay in the US on a student visa. It's essential to be aware of the associated visa requirements, potential limitations on employment, and the need to return to one's home country after completing the degree, unless pursuing further work authorization or education.

4. Personal Adjustments: Moving to a different country for studies can be a significant adjustment, including adapting to a new culture, lifestyle, and potentially being away from family and friends. Your son should be prepared for the challenges of living abroad and maintaining a support network.

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Jul 31, 2023

Asked by Anonymous - Jul 11, 2023
Career
My son wants to go for undergraduate in US. Please advise pros and cons. Thanks,
Ans: Hello,

First and foremost, thank you for getting in touch with us. With your son's interest in pursuing undergraduate education in the USA, it's critical that you understand the many benefits and downsides. Here’s a summary:

Pros:

1. Academic Excellence: Universities in USA provide excellent education and research opportunities, with degrees that are recognized worldwide.

2. Array of Options: The United States offers a wide range of academic programs and majors, allowing students to customize their education to their interests and future prospects.

3. Research Possibilities: Colleges in USA have well-funded research programs that allow students to partake in cutting-edge studies, work with renowned scholars, and earn priceless experience.

4. Build global networks: Study in USA allows your son to interact with students from many cultures, establishing a strong global network for future professional opportunities.

5. Career Opportunities: A degree from the United States improves career opportunities internationally since employers value the abilities and global exposure earned.

6. Extracurricular Activities: Extracurricular activities, clubs, and organizations at US universities often allow students to develop leadership abilities and pursue interests outside of academics.

Cons:

1. Exorbitant Price: International students studying in the United States endure higher tuition rates than domestic students, causing a major financial strain. Furthermore, living expenses, viz., housing and healthcare, add to the overall price.

2. Immigration and Visa Rules: Navigating the US visa procedure can be challenging and time-consuming. Your son must make sure he fulfills all the requirements and keeps up with any changes to the policy.

3. Culture Shock: Moving to a foreign country can be challenging, and your son might face culture shock. Getting used to a new environment, lifestyle, and social conventions takes time and patience.

4. Away from Home: For some students, being far from home can be emotionally stressful, particularly during significant events or trying times.

5. Competitive Admissions: Admission to prestigious US institutions can be fiercely competitive, and meeting the admission requirements can be a challenging procedure.

6. Medical Insurance: In the US, health insurance is mandatory, but it may also be pricey. Understanding coverage and selecting the appropriate plan is critical for overseas students.

The decision to study in USA depends on your son's particular circumstances, academic interests, and professional objectives. Pursuing a US undergraduate education can be satisfying if he is passionate about a certain field and aware of the difficulties and opportunities. Making an educated decision requires research into colleges, programs, and scholarships.

For more information, you can visit our website.
(more)
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Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Asked by Anonymous - Sep 14, 2023
Money
Sir, I just retired from my service @60yrs. I will get my PF+other fund ₹50L. Please advice how to invest the amount so that my principal not disputed and I can get ₹30,000 pm for my monthly expenses. My family of 2 persons are covered ₹50L health insurance. Regards
Ans: Considering your age and your requirement, you will need to invest in a mix of debt and equity instruments. Here are some investment options available to you:-

• Senior Citizens’ Savings Scheme (SCSS) – This is a pure debt instruments and provides guaranteed returns of 8.2% per annum. The interest is paid quarterly. The maximum amount that you can invest is Rs. 30 Lakhs.

• Corporate FDs – It provides you return more than the regular bank FDs. It contains two options i.e. cumulative and non-cumulative.

• Post Office Monthly Income Scheme (POMIS): This is another government-backed scheme that offers guaranteed monthly income. The current interest rate is 7.1%.

• Debt Mutual Funds: As your main concern is to protect the principal amount you may consider debt funds and monthly income can be achieved through the route of SWP (systematic withdrawal plan).

• Equity mutual funds: Equity mutual funds offer the highest potential returns, but they are also the riskiest. A small portion of the amount can be invested in the equity mutual funds for growth of the money in the long-term horizon.

It is good to know that you are adequately insured for any healthcare emergency.

Your requirement of Rs. 30,000 will be changing in the future due to inflation, hence you should consult with your financial advisor for a proper increasing income or SWP (systematic withdrawal plan) which can help you to ensure sufficient amount available for your monthly expenses.
(more)
Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Money
Hi Sir, I worked a small level company between 01.02.2018 to 30.04.2021. They paid standard EPF contribution of Rs. 1800/- from my side they deducting the same of Rs. 1800/-. After I exit the company I applied the EPF Withdrawl (both contribution) on 06.05.2023 and it was rejected by the officer and the reason was mentioned "Claim Rejeced EQUAL SHARE 07/18". The Employer deposit the July 2018 share in wrongly i.e. The deposited Rs. 1800/- in Employee Share and Rs. 1800/- employer Share and Pension is " 0 ". instead of Rs.1800/- as employee, Rs. 550/- as Employer and Rs.1250/- as pension contribution. When I sent a 2 continues mail to EPF they taking my query as a grivience and sent a query to the employer. But Still they not close the issue. How to I approch them to clear my claim. Because there is no mistake from my side. Thanks in Advance. Narayanan
Ans: I understand that your EPF withdrawal claim has been rejected due to an error in your employer's contribution. This is frustrating, but it is important to remember that you are not alone. Many people experience problems with their EPF claims, especially when their employers make mistakes.

When filing a grievance, be sure to provide clear and concise information about the issue. You should also include any relevant documentation, such as your EPF statement and the revised Form 11 from your employer (if you have one).

Once you have filed a grievance, the EPFO will investigate the matter and try to resolve it. This process can take some time, but it is important to be patient.

Here are some additional tips:

• Keep track of all your communication with the EPFO. This includes emails, phone calls, and visits to the office.
• If you are not satisfied with the EPFO's response, you can escalate the issue to the regional or national level. You can also mail on employeefeedback @ epfindia.gov.in for the redressal of your grievance.
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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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