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Should I Send My Daughter Abroad for an Interaction Design Master's After Finishing Her Industrial Design BA?

Sushil

Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Sep 02, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Asked by Anonymous - Aug 26, 2024Hindi
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My daughter has completed her bdesign in industrial design she wants to do masters in interaction design should I send out of India or purse it in India

Ans: Hello,

First and foremost, thank you for getting in touch with us. Congratulations to your daughter on completing her Bachelor of Design. As an answer to your query, I would like to let you know that sending your daughter abroad to pursue the course can be advantageous. Obtaining a master's in interaction design overseas offers several distinct advantages. A number of global programs provide state-of-the-art syllabi that include the most recent technologies and methodologies in interaction design, like human-computer interaction (HCI) and user experience (UX) research. I would like to tell you that students frequently acquire real-world experience via partnerships with businesses, internships, and real-world initiatives, thereby enabling them to apply what they have learnt in the classroom. Moreover, these courses often employ a multidisciplinary approach, incorporating design with subjects such as computer science and psychology in order to gain a more thorough understanding. Students also gain from having access to cutting-edge facilities and tools, which can help them experiment and be creative. The United States, the United Kingdom, Sweden, Germany, and the Netherlands offer strong programs in interaction design.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint
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Sushil

Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Nov 22, 2023

Asked by Anonymous - Aug 02, 2023Hindi
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My daughter is studying at nift gandhinagar Textile design third year. Fornmaster whichbare the best indian and abroad institute. Should she work for 1 year then go for masters .what do u suggest
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am glad to know that your daughter is studying Textile Design at NIFT Gandhinagar, and is currently in the third year. To answer your question first, I would like to inform you that we only deal with overseas education. As an answer to your query, you would be happy to know that there exist a number of outstanding universities that offer Textile Design overseas, viz., Rhode Island School of Design in the USA, Central Saint Martins in the UK, and the Royal College of Art in London. Next, pertaining to your question as to whether your daughter should work for a year prior to pursuing a Master’s degree, I would like to tell you that doing so can not only offer your daughter relevant hands-on experience, but also a defined career trajectory. This gap year will enable your daughter to hone her passion/interests and establish a robust portfolio, which can prove beneficial when she applies to prestigious master's programs. Not just that, while acquiring professional experience, your daughter can become aware of the particular fields of interest within textile design, which in turn, can assist her in opting for a program that best resonates with her professional ambitions.

For more information, you can visit our website.

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Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Sep 05, 2024

Asked by Anonymous - Aug 27, 2024Hindi
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My daughter is going tocomplete herB.Design in Interior Design and furniture design from a good University in Gujrat. I need to knowher options for doing Masters from UK,France,Italy in this stream. Are these coursesworth the expense and whether jobs are available after Masters
Ans: Hello,

To begin with, thank you for contacting us. I am happy to know that your daughter is going to complete her Bachelor of Design in Interior Design and Furniture Design. To answer your question first, I would like to tell you that your daughter has fantastic possibilities for pursuing a Master’s in Interior Design and Furniture Design in the UK, France, and Italy, all of which have design schools that are internationally acclaimed. In the UK, specialized programs are offered by institutions such as the University of the Arts London and the Royal College of Art. In France, Paris College of Art and École Camondo are prominent candidates, whereas in Italy, institutions like Istituto Marangoni and Politecnico di Milano are renowned. These countries boast thriving design industries, with post-graduation employment prospects available in sectors such as furniture manufacturing, architectural studios, and interior design firms, particularly in design hotspots such as Paris, Milan, and London. Also, obtaining pertinent internships or professional experience while studying can enhance employment prospects substantially.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

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Latest Questions
Ramalingam

Ramalingam Kalirajan  |8327 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2025

Asked by Anonymous - May 09, 2025
Money
Dear Sir, I am 55 and I am a stage 4 cancer patient for the past 5 years. Presently working with a salary of Rs.30 LPA. I have Rs.75 L in SB account. Rs.25 L in shares out of which Rs.12 L is loss. Rs.12 L in mutual funds. Rs.3 L in EPF. No commitments or liabilities. I need to know how I can get Rs. 70 K per month in case I lose my job. Kindly advise.
Ans: I truly appreciate your courage and clarity even in the face of health challenges. With your current financial resources and the need to secure a monthly income of Rs. 70,000, a detailed and careful plan is very much possible.

Let me give you a full 360-degree solution below, step-by-step.

Understanding Your Present Financial Picture
You are 55 years old and have been living with stage 4 cancer for 5 years.

You are still employed and drawing a salary of Rs. 30 lakhs per year.

You have Rs. 75 lakhs in your savings bank account.

You hold Rs. 25 lakhs in shares, with Rs. 12 lakhs in losses.

You have Rs. 12 lakhs in mutual funds.

Rs. 3 lakhs is in your EPF account.

You have no loans or financial commitments.

Your main concern is to receive Rs. 70,000 every month if the job stops.

You are not looking to take risks.

You want regular, reliable income without physical involvement.

Step 1: Emergency Medical and Health Fund
Health comes first. Keep money aside just for medical needs.

This fund should cover two years of your full household and medical costs.

Keep Rs. 15 to 20 lakhs aside for this purpose.

This money should be in ultra-safe places.

Prefer a savings bank account and liquid mutual funds.

This should remain untouched unless truly needed.

This emergency buffer gives peace and avoids panic in tough times.

Step 2: Generate Rs. 70,000 Monthly Income
Rs. 70,000 monthly means Rs. 8.4 lakhs needed per year.

Aim for post-tax cash flow from your investments.

Break your funds into income generation buckets.

Use your Rs. 75 lakhs from savings bank as the core capital.

Avoid keeping the full amount idle in SB account.

Allocate funds into low-risk, stable return instruments.

Prefer investment avenues offering quarterly or monthly payouts.

Choose options where you can withdraw in parts if needed.

Step 3: Structured Investment Allocation
Short-Term Bucket: 1 to 2 Years

Set aside Rs. 18 to 20 lakhs for short-term needs.

Put this money into highly liquid options.

Use only those that protect capital and give fixed income.

These funds will generate stable income for the next two years.

Prefer options offering monthly or quarterly payouts.

This will help replace your salary if job stops.

You don’t need to sell any shares or mutual funds right away.

You get time to think clearly, plan calmly.

Medium-Term Bucket: 3 to 5 Years

Keep around Rs. 25 to 30 lakhs here.

Invest in actively managed hybrid mutual funds.

Choose regular plans through a mutual fund distributor with CFP credentials.

Do not go for direct funds.

Direct plans do not come with personalised guidance.

There is no one to help you rebalance, switch or review.

Regular plans through a Certified Financial Planner offer ongoing support.

With hybrid funds, risk is moderate and returns are better than FDs.

Use SWP (Systematic Withdrawal Plan) to get monthly income.

You can set up SWP of Rs. 40,000 to 50,000 from this bucket.

These funds will last for years while also growing gradually.

Long-Term Bucket: 5+ Years

Keep Rs. 10 to 15 lakhs for the long-term.

This is not for current income, but for inflation beating growth.

Invest in actively managed large cap or balanced advantage funds.

Again, use regular plans with Certified Financial Planner.

These funds will build wealth for later stages.

You can shift gains to the medium bucket after 5 years.

Step 4: Shareholding Review and Action Plan
You have Rs. 25 lakhs in shares.

Out of this, Rs. 12 lakhs are in losses.

Do not sell them in a hurry.

Some may recover if you wait patiently.

First, make a list of all companies and their quality.

Exit poor-quality stocks even at a loss.

Retain good quality stocks with strong future.

If the whole portfolio is confusing, take help from a Certified Financial Planner.

You can harvest the loss now to set off gains later.

Book losses smartly to reduce future capital gains tax.

After cleaning up, move the proceeds to your medium bucket.

Step 5: Mutual Fund Review
You hold Rs. 12 lakhs in mutual funds.

Find out the type of each fund.

If these are equity funds, hold them long-term.

If returns are low or risk is high, shift to hybrid funds.

Avoid investing in index funds.

Index funds cannot protect capital in falling markets.

They simply copy the market blindly.

Actively managed funds are safer.

Professional fund managers take timely actions.

They reduce your risk and improve consistency.

Step 6: EPF Strategy
You have Rs. 3 lakhs in EPF.

EPF earns stable tax-free interest.

Do not withdraw unless it’s urgent.

Keep it as part of your long-term reserve.

Step 7: Monthly Income Setup
Use short-term and medium-term buckets to get income.

Start SWP from mutual funds for Rs. 40,000 monthly.

Use fixed income tools for Rs. 30,000 more.

Review this every year with a Certified Financial Planner.

Adjust amounts if needed based on inflation.

Step 8: Tax Planning and Awareness
Income from mutual funds is taxable.

Long-term capital gains above Rs. 1.25 lakhs taxed at 12.5%.

Short-term gains taxed at 20%.

Debt fund gains taxed as per your slab.

Plan redemptions to avoid tax shocks.

Harvest profits in a planned manner.

Step 9: Avoid These Common Mistakes
Do not invest in real estate.

It is illiquid and needs physical handling.

Do not buy annuities.

They give poor returns and lock your money.

Do not fall for insurance + investment combos.

If you already hold such policies, review them.

Consider surrender if return is poor.

Reinvest the proceeds into mutual funds.

Step 10: Use a Certified Financial Planner
A Certified Financial Planner gives structured and unbiased advice.

They help you with fund selection, SWP setup, rebalancing.

They guide you with tax-saving and risk control.

Their ongoing service is crucial at your life stage.

Choose someone with experience and clear credentials.

Finally
You are in a better financial position than many.

You have no loans, no dependents, and have built good savings.

With a calm and simple plan, you can replace your income safely.

You do not need to take risky steps now.

You have already shown strength by managing your life and job for 5 years.

Now your money should serve you with peace and stability.

Break your capital into buckets.

Get monthly income through safe withdrawals.

Review regularly with a Certified Financial Planner.

Avoid unnecessary complexity or noise.

You deserve a peaceful financial life.

Your health is precious. Let money be your quiet support.

Invest safe. Withdraw smart. Sleep well.

You are already doing well. Just add clarity and structure.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Nayagam P

Nayagam P P  |4496 Answers  |Ask -

Career Counsellor - Answered on May 09, 2025

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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