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Sushil

Sushil Sukhwani  |561 Answers  |Ask -

Study Abroad Expert - Answered on May 13, 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
PREM Question by PREM on May 10, 2024Hindi
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Career

sir, My daughter has done MA Applied psychology from BHU. And have the work experience of 3 years. Now see need to do the PhD from abroad in good university. PhD in psychology in abroad is treated as job or not. are they give stipend, can you guide me what is required for the same.

Ans: Hello PREM,

To begin with, thank you for contacting us. I am happy to hear that your daughter has pursued her Master of Arts in Applied Psychology and now wishes to pursue PhD overseas. To answer your question first, I would like to tell you that earning a PhD overseas can be considered employment, however, with a stipend instead of a pay. You would be happy to hear that a number of universities, particularly in Europe and the USA, provide stipends to PhD students in psychology in order to help pay for tuition fees and living costs. Nevertheless, based on the country, university, and particular program, these stipends may differ.

To apply for a PhD in psychology overseas, I would suggest that your daughter considers the following:
Firstly, your daughter will need to possess a solid educational background. This entails a strong undergraduate and postgraduate academic record, which I believe she already possesses with her MA in Applied Psychology. Next, bear in mind that candidates with prior research experience are preferred by a number of PhD programs. Your daughter’s 3 years of professional experience might entail pertinent research projects, which would be beneficial. To secure admission to their PhD programs, Graduate Record Examination (GRE) test scores may be required by certain universities, particularly in the USA. Nevertheless, not all the universities demand GRE scores for psychology programs, and thus, I would recommend that your daughter examines each institution's particular criteria. Next, your daughter may require to prove her fluency in English through appearing for tests viz., the IELTS or TOEFL, if English is not her primary language. Your daughter will need to submit a well-drafted statement of purpose (SOP) highlighting her research interests, professional objectives, and reasons for wanting to pursue a PhD in psychology overseas. She will also need to submit compelling recommendation letters from professors or managers who can speak to her academic capabilities and research potential. Remember that a research proposal highlighting her proposed PhD research field may be demanded by certain programs. Lastly, evidence of one’s ability to sustain oneself financially while enrolled in school may be require in some nations.

Taking into account variables viz., possibilities for research, the experience of the faculty members, and financial resources, I would recommend that your daughter conducts an all-round study on potential universities and programs. Not just that, in order to understand how her research interests best resonate with the program’s offerings, I would also suggest that she gets in touch with academics or advisors in her field of interest.

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  |561 Answers  |Ask -

Study Abroad Expert - Answered on Oct 16, 2023

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good evening sir,my daughter is doing BA - as she has very deep interest in psychology subject she want to do master in psychology from abroad please guide which university/country to do ?
Ans: Hello Chandrashekharnaidu,

To begin with, thank you for contacting us. I am happy to hear that your daughter is currently pursuing her Bachelor’s of Arts and intends to further pursue her Master's in Psychology overseas owing to her deep interest in the subject. I would like to inform you that several aspects, viz., your daughter’s particular interests, the cost, as well as her professional ambitions play a key role in deciding on a university and country to pursue a Master's degree in Psychology overseas. To answer your query as to which country would be ideal for your daughter to pursue her Master's in Psychology, I would like to tell you that the UK, Australia, the USA, Netherlands, and Canada are well-regarded for the programs in psychology. Coming to universities, I would like to inform you that the University of Cambridge and the University of Oxford in the UK are well-known. At the University of Melbourne in Australia, robust Psychology programs are offered. Moreover, excellent programs are offered at Stanford University, Harvard University, and Yale University in the USA. Robust programs in Psychology are also offered in the Netherlands, particularly at the University of Amsterdam. In Canada, the University of Toronto is one of the popular choices.

At the time of deciding where to study, I would recommend that you daughter looks into the various possibilities for scholarship as well as takes into account the culture and location. Lastly, in order for your daughter to make an educated choice, the programs that the above mentioned universities have to offer, her personal choices as well as the funding sources should be taken into account by her.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |561 Answers  |Ask -

Study Abroad Expert - Answered on Nov 29, 2024

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Hi Sushil, my daughter is doing her Graduation in Psychology Hons and Research from Amity University Kolkata. She wishes to pursue higher education in Psychology for doing Masters and subsequent Doctorate abroad. Post completion of Master and Doctorate. Pls suggest for best options. Also should she settle abroad post studies or does India have better career options in Psychology in the near future? kindly suggest. Tanushyam Kanjilal
Ans: Hi Tanushyam,

Thank you for reaching out. It’s great to hear that your daughter is pursuing her graduation in Psychology and research at Amity University Kolkata.

Pursuing a Master’s and Doctorate from prestigious universities abroad, like UC Berkeley and King’s College London, would provide her with specialized courses in areas like clinical and corporate psychology, along with valuable research opportunities. These institutions also have a higher demand for psychologists, which can lead to faster career progression and global exposure.

While career options in India are growing, studying abroad can offer a broader range of opportunities. She should also consider attending international conferences to build networks and explore internships.

Ultimately, the decision depends on her career goals, preferred work environment, and the opportunities available to her after completing her studies.

I wish her all the best in her academic journey!

For more information, visit our website: www.edwiseinternational.com
You can also follow us on Instagram: edwiseint

..Read more

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Janak

Janak Patel  |8 Answers  |Ask -

MF, PF Expert - Answered on Dec 04, 2024

Asked by Anonymous - Nov 30, 2024Hindi
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Money
Hi, i am 52years old, wanted to retire early, following are my investments, MF - INR 65L, Equity - INR 22L, 3 houses, one is self-occupied, other 2 houses valued at INR 90 L and INR 32L respectively, i have home loan outstanding of INR 12L, FD of INR 36L , PF INR 32L, monthly expenses requirement is INR 1 L, kindly help me to plan my early retirement. Thank you in advance for your reply on my question.
Ans: Hi,

As there are many things to consider for an early retirement, one of the first is to start thinking about it in a more realistic manner. An early retirement is not necessarily stop working life, but think of it as a more comfortable schedule that provides you opportunities to relax and pursue your passion and interests and live life on your own terms. You may or may not undertake an activity which can be monetized, meaning which provides you some sort of income - not necessarily to cover your living expenses in whole/part. So do give it some thought of how you intend to keep yourself occupied once you retire from your "current schedule". Will you generate any source of income or will you incur/require more expense.

At current age of 52, an early retirement even if we consider at 55 years of age, it a still a long life ahead. I will make a lot of assumptions in my response as these are not known from your query - such as life expectancy of another 30 years, average return of 8% on all investments for future etc. Are the 2 real estate properties earning any kind of rent that can be considered as income.
There are too many variables that go into the calculations for retirement which are specific to each individual and their circle of life.

Generic solution - You have a currently accumulated investments valued at INR 2.65 Cr (all investments less loan).

Current monthly expenses is INR 1 Lac, over which inflation needs to be applied each year (depends on lifestyle and composition of items of expenses).

So if your cumulative investments appreciate at average 8% annually, and your monthly expense increases at 6% annual inflation, your current accumulated investments are just about enough to manage expenses for next 30yrs (excluding tax implications - refer below).

Points to consider -
1. Inflation in real world is more than 6% (depends on the individual)
2. Liquidation of investments e.g. Real estate attract expenses/fees and tax on capital gains as it will be lumpsum
3. PF post retirement will earn interest only for 3 years, so you need to plan to re-invest the amount
4. Interest income on FD attracts tax at slab rate
5. Withdrawal of amount for monthly expense from your investments will attract tax on capital gains (MF and Equity)

I strongly recommend you connect with a Certified Financial Planner for personalized guidance and prepare a plan that will take into consideration your risk profile and overall investment management towards the retirement. Benefits will include a more tax efficient plan which will consider your requirements and ensure retirement goals are achieved and if there is a shortfall - what alternatives you need to consider.

Hope this is helpful and all the best for the future.

Regards
Janak Patel
Certified Financial Planner.

...Read more

Dr Nagarajan J S K

Dr Nagarajan J S K   |174 Answers  |Ask -

Health Science and Pharmaceutical Careers Expert - Answered on Dec 04, 2024

Career
Sir I am preparing for mbbs, but I'm not able to crack that. I'm a middle class student. Can I pursue mbbs in abroad under 8 lakhs in a best college for mbbs?After that can I able to be a doctor in India?
Ans: Hi Lagna,

It seems you haven’t provided the details clearly on this platform. If you could share more information, I’m sure you will receive helpful input.

Based on your message, I understand that you are considering pursuing a career in medicine. If you intend to enroll in a medical program either in India or abroad and plan to practice in India after completion, here are some important guidelines according to the National Medical Commission (NMC):

You must appear for the NEET exam, as it is a mandatory requirement for anyone wishing to pursue graduate medical education in India or elsewhere while intending to return and practice in India. According to the NMC eligibility criteria: “No student shall be eligible to pursue graduate medical education either in India or elsewhere (if they want to return and practice in India), except by scoring the minimum eligible score at the NEET UG exam. The UGMEB will announce the list of eligible students periodically.”

Therefore, I recommend preparing for the NEET exam and trying to secure admission in India itself. If you choose to pursue medical education abroad, you can still practice in India, but you will need to pass exit exams as well.

Regarding your question about pursuing MBBS abroad for under 8 lakhs, are you asking if this is per year or for the entire course? Studying abroad at that cost per year is possible. However, when you take into account the total expenses, which include course fees, accommodation, food, travel, visa, and other costs, it might be more feasible to complete your MBBS in India.

I hope this clarifies your queries!

...Read more

Patrick

Patrick Dsouza  |879 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Dec 04, 2024

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Career
Hi Sir, I am 41 years old. I've 15 years of experience in Finance (FP&A) domain. In last 2.5 years I have changed 3 companies due to lay off, Cultural misfit and latest one due to Personal and family issue. I quit my last job in Sept'24 (from Apr;24 to Sept'24). Due to some family issues, Lay offs, Challenges faced on the job I am feeling very low. I don't have any confidence left as a result don't want to return to work out of fear and anxiety. However, I also want to upskill myself and thinking of pursuing US CMA. But I am in dilemna that with around 15 years of work experience would it open any gates for growth opportunities going forward. Another dilemna that I am constantly fighting is to whether think of making a switch from Finance domain to Learning & Development domain. I have good communication & interpersonal skills and have always had a liking towards L&D domain. Now myself on a Career break I am not sure how to proceed further - Whether to pursue my Career in Finance and look for jobs in Finance domain and then gradually look to switch to L&D domain or Look for the opportunities only in L&D domain. I have an emergency fund that can take care of my expenses for next 6-8 months. Looking forward to your guidance that can help me bounce back in my career as I am feeling lost, depressed and Lack of Confidence at present in life. Thanks.
Ans: Learning is a continuous process. So doing a course in Finance should not be a problem. As far as getting into LnD domain, start with being a faculty in one of the colleges or can start with taking private tuitions. See if it suits you. If it does, then you can decide to make the switch.

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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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