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Sushil

Sushil Sukhwani  |343 Answers  |Ask -

Study Abroad Expert - Answered on Apr 26, 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
Rohit Question by Rohit on Apr 26, 2024Hindi
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Sir, my daughter is going to finish her BA with Psychology Honours from Indraprastha College for Women, Delhi University. She has received an offer to pursue her MSC in Organizational Psychology from University of Manchester, UK. We would like to know more about the future prospects of this course and the employability. Also, we would like to know how different it is from an MBA in Human Resources?

Ans: Hello Rohit,

To begin with, thank you for contacting us. I am glad to hear that your daughter is going to complete her Bachelor of Arts (BA) with Psychology Honours and has received an offer to pursue her Master of Science (MSc) in Organizational Psychology from the University of Manchester in the UK. To answer your question first, I would like to tell you that your daughter will be offered a solid basis in understanding human behavior in the workplace as well as real-world abilities in fields viz., talent management, employee evaluation, and organizational development through pursuing a Master of Science in Organizational Psychology from the University of Manchester. Students pursuing this degree are provided with the information and skills required to tackle different difficulties that organizations encounter, viz., leadership effectiveness, employee motivation, and team dynamics.

Concerning your query regarding the future prospects and employability, I would like to tell you that with businesses recognizing the significance of comprehending and maximizing their manpower, the demand for organizational psychology continues to rise. You would be glad to know that your daughter can choose from many different jobs including talent management, training and development, human resources, organizational consulting, and other positions with this degree. Remember that organizational pyschologists are respected for their ability to use psychological principles to enhance productivity in the workplace, employee satisfaction, and efficiency of the organization.

Next, coming to your query as to how this course is different from an MBA in Human Resources, I would like to let you know that an MSc in Organizational Psychology in comparison to an MBA in Human Resources generally places a greater emphasis on the psychological facets of the behavior and growth of organizations. Although topics associated with managing people within organizations is also covered in an MBA in Human Resources, it frequently adopts a more comprehensive corporate viewpoint encompassing fields viz., strategy, marketing, and finance.

I would like to tell you that your daughter's interests and professional objectives play a key role in deciding between an MSc in Organizational Psychology and an MBA in Human Resources. An MSc in Organizational Psychology would be a better choice if your daughter is interested in studying human behavior in the workplace and wishes to gain expertise in fields viz., leadership development, employee well-being, and organizational culture. On the contrary, if your daughter wants to acquire a deeper understanding of business management with a concentration on Human Resources (HR), and aspires to work in more general management positions within organizations, then an MBA in Human Resources may be an appropriate choice.

Remember that both paths can result in lucrative employment prospects. When making an informed choice, I would suggest that your daughter carefully takes into account her strengths, personal interests, and future professional objectives. Moreover, in order to acquire valuable information pertaining to the prospects following the completion of either degree, I would recommend that your daughter conducts a comprehensive study on particular labor markets as well as gets in touch with experts of both the domains.

For more information, you can visit our website.
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Sushil Sukhwani  |343 Answers  |Ask -

Study Abroad Expert - Answered on May 08, 2024

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Hi Sushil My daughter appeared for her masters in counseling Psychology. What are the option from here that she can opt for.
Ans: Hello Rahmatbi,

To begin with, thank you for contacting us. I am happy to hear that your daughter has appeared for her Masters in Counseling Psychology. As an answer to your query, I would like to tell you that post completing her masters in counseling psychology, there are a number of options that your daughter can think about.

Your daughter can take up a job as a licensed counselor or therapist, wherein she can work with clients in varied environments viz., community mental health centers, schools, hospitals, or private practice. If she is interested in a particular field of counseling viz., substance abuse counseling, marriage and family therapy, or trauma therapy, she can pursue additional training or certifications to acquire expertise in that field. Your daughter can also choose to pursue a Doctor of Philosophy (Ph.D.) or Doctor of Psychology (Psy.D.) in Psychology if research or academia is what interests her. Remember that this can result in possibilities for conducting research, teaching, or even working in clinical environments that require a doctoral degree. Having gained experience, your daughter can undertake leadership or supervisory roles in counseling organizations, where she would be responsible for managing programs or supervising the work of other counselors. Your daughter can also offer mental health consultation services to organizations, enterprises, or educational institutions. She can also conduct training sessions for experts in relevant disciplines. There are a number of nonprofit organizations or advocacy groups that address mental health concerns, offer counseling, community outreach, or push for modifications to the law. Your daughter can consider working here. Given the growing popularity of teletherapy, your daughter can look into possibilities to deliver counseling services online, either individually or via platforms that connect clients with therapists. Moreover, if writing or public speaking is what interests her, your daughter can give lectures at conferences, write articles for mental health periodicals, or even publish books on counseling psychology themes.

In addition to the ones mentioned above, there are a number of other possibilities. I would like to tell you that your daughter’s abilities, interests, and professional objectives, will play a key role in deciding which option is ideal for her. I would suggest that she looks into various opportunities, acquires varied experiences, and keeps learning and advancing in her field.

For more information, you can visit our website.

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Chocko Valliappa  |210 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on May 09, 2024

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Sir i am a civil engineer graduate 2023 i did my graduation in civil engineering from a tire 2 -3 college from mumbai university . I didn’t get any job its not like that i am dum student or else i was not good at studies u definitely found partility that in civil they took all diploma + degree holders with less knowledge also in companies such a worley , godrej , technimont etc mnc companies with salary of 6-7 lpa but sir i was scattered because i lost my dad in covid my mom is working but her salary is just 50k and now after trying out for jobs as fresher i found a job in IIT bombay as project technical assistant which gives me 30k but its in ocean department. Now i want to learn further i am seeing people doing masters from priavte university like nicmar adani symbiosis etc in construction or infrastructure management. I am stuck jn life what to do im trying for government but i know government junior engineers job wont pay me much to buy home for my mom . In such case what will be best please help
Ans: I fully empathize with your situation. Do focus on the positive of having completed BTech in Civil Engineering. Civil Engineering is the foundational engineering discipline and lends itself to use of new tools and technologies through use of of software to build structures using design elements that use newer materials to build infrastructure, homes, industrial townships that further sustainability. Use your current Tech Asstt job to learn about Oceanography as an added skills. Look at acquiring project management skills and explore opportunities with optimism and passion.

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Ramalingam

Ramalingam Kalirajan  |1840 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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I want to invest Rs. 1 lac lumpsum yearly in mutual funds for my children for the next 15 years. What kind of funds will be apt? (I will increase the lumpsum amount by 10% yearly).
Ans: Given your goal of investing a lump sum of Rs. 1 lakh annually for your children's future over the next 15 years, with a planned 10% increase in the investment amount each year, let's devise an investment strategy tailored to your objectives.
Considering the long investment horizon and the goal of wealth accumulation for your children, a diversified portfolio of mutual funds with a focus on growth potential and risk management would be appropriate. Here's a suggested allocation:
1. Equity Funds: Allocate a significant portion of your investment towards equity funds to capitalize on the potential for higher returns over the long term. Opt for a mix of large-cap, mid-cap, and multi-cap funds to diversify across market segments and mitigate risk. These funds offer exposure to quality stocks with strong growth prospects and can help in wealth creation over time.
2. Debt Funds: Incorporate debt funds into your portfolio to provide stability and reduce overall volatility. Debt funds invest in fixed-income securities such as government bonds, corporate bonds, and money market instruments. They offer steady income streams and can act as a buffer during periods of market turbulence. Consider allocating a portion of your investment to debt funds to balance risk and optimize returns.
3. Balanced Funds: Balanced funds, also known as hybrid funds, combine equity and debt instruments in a single portfolio. These funds offer a balanced approach to investing, providing growth potential from equity exposure while offering downside protection through debt allocation. Including balanced funds in your portfolio can help in achieving stable returns while managing risk effectively.
4. Children's Funds: Some mutual funds are specifically designed for children's education or future needs. These funds typically have longer investment horizons and may offer unique features such as lock-in periods or dedicated investment strategies tailored to children's goals. Exploring children's funds can provide a focused approach to investing for your children's future needs.
Regularly review your investment portfolio and adjust your allocations as needed to stay aligned with your financial goals and risk tolerance. Additionally, consider seeking guidance from a Certified Financial Planner to customize your investment strategy based on your specific circumstances and objectives.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1840 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - May 09, 2024Hindi
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I have about 40 lakhs in equity MF, 40 lakhs in pf. Currently making 1 lakh SIP per month. In hand salary is 3.25 lakh/month. I plan to purchase a house worth 1.5 Cr. I'll soon get a lump sum amount of 60 lakhs. Should I use that to pay larger upfront for the house or invest it to pay future payment from returns? I am 37 yrs old male. Monthly expense is about 1 lakh inclusive of rent.
Ans: Here's a breakdown of your situation to help you decide whether to use the lump sum for a larger down payment or invest for future EMIs:

Factors to Consider:

Down Payment Impact: A larger down payment reduces your loan amount, leading to lower interest payments overall. This can save you a significant amount of money in the long run.

Investment Potential: Investing the lump sum could potentially generate returns that help cover future EMIs. However, market performance is not guaranteed.

Emergency Fund: Ensure you have a sufficient emergency fund after using the lump sum (ideally 3-6 months of living expenses).

Risk Tolerance: Investing the lump sum involves market risks. Consider your comfort level with potential fluctuations.

Here are two approaches to consider:

Option 1: Larger Down Payment:

Use a significant portion of the lump sum (say 40-50 lakhs) for a larger down payment. This can bring down your loan amount substantially, reducing your overall interest burden.
Invest the remaining amount (20-30 lakhs) to potentially generate additional income or create a buffer for future expenses.
Option 2: Invest and Pay EMIs:

Invest the entire lump sum (60 lakhs) in a diversified portfolio to potentially generate returns that can cover future EMIs.
This frees up your monthly income for other expenses or investments. However, market performance can impact returns.
Here are some additional thoughts:

Interest Rates: Compare current home loan interest rates with the potential returns you might expect from your investments.
Debt Management: Consider your overall debt situation. A larger down payment can improve your debt-to-income ratio, potentially making you eligible for better loan terms.
Professional Advice: Consulting a financial advisor can help you create a personalized plan considering your risk tolerance, financial goals, and investment horizon.
Here's a quick summary of your financial situation:

Strong Savings: With Rs. 40 lakh in MFs, Rs. 40 lakh in PF, and a Rs. 1 lakh monthly SIP, you have a solid savings foundation.
High Income: Your in-hand salary of Rs. 3.25 lakh per month provides significant financial flexibility.
House Purchase: Aiming for a Rs. 1.5 crore house indicates a long-term investment plan.

Ultimately, the decision should align with your risk tolerance, financial goals, and overall financial plan. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific circumstances, helping you make informed decisions to achieve your objectives.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1840 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hi, I am 36 years old, married & have 1 child (3 year old). Me & wife have combined income from salary of 3.75 lakh post taxes. We are investing in following funds & have investment horizon of more than 15 years. Aditya BSL Pure Value - 2k DSP Value Fund - 4k HDFC Small Cap - 2K Kotak business cycle - 5k Kotak Emerging Equity fund - 2K Motilal Oswal large and Midcap - 10k Bandhan Core Equity - 2k Baroda BNP India Consumption - 3k Franklin India Prima - 4k HDFC Mid Cap Opportunity - 2k HSBC Small Cap - 5k Nippon India Flexi Cap - 7.5 SBI small cap - 4k White Oak capital Large and Mid - 7.5k ICICI prudential India opportunity -10k NPS - 15K Equity Market - 25K SGB - 15K LIC -10K. I'm looking for the same investment till next 15 years. Definitely will increase the MF amount every year. I'm looking for at least 20+ Cr corpus at the age of 55. Please guide me with the existing investment. Total Liability like Home Loan and Top up loan EMI is 42K. I want to make same EMI for Loan and future surplus amount to be invest in equity market with low risk as I'm moving towards early 40s.
Ans: Based on your investment portfolio and financial goals, let's evaluate your current strategy. You've made a commendable effort in diversifying your investments across various mutual funds and other instruments, aiming for a substantial corpus in the next 15 years. Your commitment to increasing your mutual fund investments annually is a wise move, considering the potential for wealth accumulation over time.

However, let's delve into a few considerations. While your investment horizon is long-term, it's prudent to periodically review your portfolio's performance and adjust it according to changing market conditions and your evolving financial situation. With increasing age and responsibilities, it's natural to prioritize stability and lower risk in your investments.

You've mentioned a desire to maintain your current loan EMIs while directing surplus funds towards equity markets with lower risk. This approach aligns with a conservative yet growth-oriented investment strategy, balancing the need for stability with wealth creation potential. As you move towards your early 40s, this cautious approach can provide a cushion against market volatility while still capturing growth opportunities.

While your current portfolio includes a diverse mix of actively managed mutual funds, it's important to acknowledge the disadvantages of solely relying on actively managed funds. These can include higher expense ratios and the possibility of underperformance compared to benchmark indices. However, the benefits of active management, such as the potential for outperformance and flexibility in portfolio construction, justify their inclusion in your investment strategy.

In conclusion, your commitment to long-term wealth creation is admirable. By maintaining a disciplined approach to investing, periodically reviewing your portfolio, and balancing risk and growth opportunities, you're on track to achieve your financial goals.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

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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