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Daughter Wants to Master Economics & CFA: What Career Options?

Nayagam P

Nayagam P P  |4067 Answers  |Ask -

Career Counsellor - Answered on Nov 13, 2024

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He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
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He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Shankar Question by Shankar on Oct 21, 2024Hindi
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Career

My daughter has graduated in Economics (Hons) from DU in 2024. She plans to pursue Masters in Economics from NUS ( financial Economics)and she is also doing the First level of CFA appearing for exam in November 2024. Once she finishes her Masters in Economics, what are her career opportunities in India.

Ans: Shankar Sir, Master's in Economics and CFA Level 1 Certification in India:

• Finance and Investment Roles: Analyzing financial markets, advising on mergers, acquisitions, and capital raising.
• Asset Management/Wealth Management: Managing investment portfolios for institutions or high-net-worth clients.
• Equity Research Analyst: Conducting in-depth analysis of companies and sectors to provide investment recommendations.
• Corporate Finance Roles: Handling financial planning, analysis, and reporting in multinational companies.
• Economic Policy and Research: Opportunities in think tanks, government organizations, or multilateral institutions.
• Risk Management and Consulting: Assessing and mitigating financial risks for organizations.
• Corporate and Financial Planning: Working with large corporations on long-term financial and business planning.
• Data Analytics and FinTech: Roles in innovative financial services, leveraging technology to disrupt traditional finance.
• Academia and Teaching: Exploring academia, teaching Economics or Finance at universities, or preparing students for CFA and other financial certifications.
• High-Growth Sectors in India: Banking and Financial Services, Consulting Firms, Technology-Driven Finance (FinTech), Public Policy and Government Advisory. All the BEST for Your Daughter's Prosperous Future.

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Nayagam P

Nayagam P P  |4067 Answers  |Ask -

Career Counsellor - Answered on Nov 13, 2024

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Career
Hello, My daughter in class 10th and planning to choose Commerce stream so wanted to know, what are the career options available in India
Ans: Alok Sir, Career Opportunities in India's Commerce Stream

• Chartered Accountancy (CA): Focuses on accounting, auditing, taxation, and financial management.
• Company Secretary (CS): Specializes in corporate law and governance.
• Cost and Management Accountant (CMA): Focuses on cost management, strategic financial planning, and performance management.
• Bachelor of Commerce (B.Com): Specializations in Accounting, Finance, Economics, or Business Analytics.
• Bachelor of Business Administration (BBA): Specializes in management and business operations.
• Economics: Opens careers in banking, financial analysis, and policy-making.
• Law (LLB): Leads to careers in corporate law, taxation law, or criminal law.
• Bachelor of Management Studies (BMS): Focuses on advanced management studies.
• Financial Analyst Roles: CFA (Chartered Financial Analyst) opens doors in investment banking, equity research, and portfolio management.
• Banking and Finance: Career options in banking, insurance, and financial services.
• Digital Marketing and E-commerce: Growing field for marketing, SEO, content strategy, or data analytics.
• Entrepreneurship: Commerce provides a strong foundation for starting a business or venture.

Some of the Reputed Colleges in India for Commerce are: Shri Ram College of Commerce, Lady Shri Ram College for Women, St. Xavier’s College, Christ University, Loyola College, Chennai.

However, to get admission into any one of the top colleges, your daughter should well-prepare for the Entrance Exams like CUET. All the BEST for Your Prosperous Future.

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Nitin

Nitin Narkhede  |59 Answers  |Ask -

MF, PF Expert - Answered on Jan 23, 2025

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Money
Hi Sir, I am retired and 63 years old. Having 50 lacs in equity.1.5 cr MF, 25 lacs in SCSS.expected landproperty sale of 4.5 cr also having own house and no education or marriage expenses of children. Medical insurance of 10 lack for me and wife. However intended to buy a residential property of 3 cr to get relax from capital gain post selling the land. And same will be given to daughter later. Need monthly expenses of 1.25 lack. Since market is too volatile. Kindly suggest way forward.
Ans: Dear Pralhad,
To manage your finances post-retirement and handle market volatility, allocate the ?4.5 crore from your land sale strategically. Use ?3 crore to purchase a residential property to save on capital gains tax and gift it to your daughter later. Allocate the remaining ?1.5 crore into ?50 lakh in SCSS for secure returns (~?16,000/month), ?50 lakh in RBI Floating Rate Bonds or POMIS (~?30,000/month), and ?50 lakh in balanced mutual funds for moderate growth. For your existing assets, keep ?25 lakh in SCSS and divide the ?1.5 crore mutual funds portfolio into 60% balanced advantage or hybrid funds for stability and 40% debt funds for steady income. Maintain 20-25% equity exposure (?50 lakh) in large-cap or dividend-yield funds for growth. Combined with a ?20-30 lakh emergency fund, this ensures a stable monthly income of ?1.25 lakh while safeguarding against market risks and providing for your family's future. Consult a certified financial advisor for personalized tax-efficient strategy
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

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