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DU Admissions: Confused about which college to choose for Economics hons?

Nayagam P

Nayagam P P  |3916 Answers  |Ask -

Career Counsellor - Answered on Sep 02, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
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.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
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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Arun Question by Arun on Aug 17, 2024Hindi
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Career

Dear Sir/ Madam, My daughter has just passed 12th exam from DPS, RK Puram with 94% in commerce stream. CUET marks not good enough. Took admission in Economics honours in VIPS, IP University Delhi. Wants to study in DU. She is interested in economics honours but due to less marks in CUET open to compromise with commerce etc. She may get 1) LSR- economics + computer application 2) Vekateshwar- economics + English 3) Miranda- economics + English 4) Dyal Singh- economics honours or BCom honours. Kindly help me with your expert advice what to opt priority- wise. Also she is open for corporate as well as govt jobs in future. Kindly suggest. Regards, Arun

Ans: Arun Sir, Your question recalled my Delhi-life between 1987 and 2003.

I also completed my BA from Motilal Nehru College in 1991 in South Campus where RLA & Venkateshwara are there.

Coming to your question, prefer LSR, followed by Miranda & Venkateshwara. All the BEST for Your Bright Future.

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Ashwini

Ashwini Dasgupta  |87 Answers  |Ask -

Personality Development Expert, Career Coach - Answered on Jul 19, 2023

Asked by Anonymous - Jul 18, 2023Hindi
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Career
Hi Mam, My daughter just completed XII Com from CBSE and scored 98.7%. She has also scored good in CUET. I am in dilemma either to go for BA(Hons) Economics from DU or B.Com (hons) from DU. She is ready to go for CAT or CA as well. Personally, I feel she should go for BA(Hons) Eco and then either UPSC or CAT for a good IIM. Pl advise.
Ans: Hi Sir,

Thank you for writing in.

Congratulations on the success of your daughter.

I would suggest please speak to your daughter and understand her interest. At the end, she is the one who is going put efforts, patience, interest and build her career. Hence, it's important you buy in her consensus.

Here, you are referring to two different career paths and both has relevant expertise as per the choices you make. Below I have given the brief for your reference.

If you choose BA (Hons) Economics -

If you are interested in a career in the civil services, particularly aiming for the UPSC (Union Public Service Commission) exam, a BA in Economics could be relevant. Economics is one of the optional subjects in the UPSC exam, and having a background in this subject could give you an advantage in that aspect of the exam. However, keep in mind that the UPSC exam is highly competitive, and success in the exam depends on many factors, including hard work, dedication, and a comprehensive understanding of various subjects and current affairs. Hence checking the interest of your daughter is of utmost important.

On the other hand, if you are considering pursuing an MBA from an Indian Institute of Management (IIM) by taking the CAT (Common Admission Test), the choice of your undergraduate degree is less crucial. IIMs consider the CAT score, past academic performance, work experience, and performance in the interview/GD (Group Discussion) round when evaluating candidates. While an economics background could be helpful in developing analytical and quantitative skills required for the CAT, many successful MBA candidates come from diverse academic backgrounds.

If you choose B.com (Hons) -

If you are interested in a career in the civil services and want to appear for the UPSC exam, a BCom (Hons) degree can provide a solid foundation for the General Studies paper in the UPSC examination. BCom (Hons) covers various subjects related to commerce, economics, finance, and accounting, which can be beneficial for certain topics in the UPSC syllabus.

Similarly, if you are considering pursuing an MBA from an IIM through the CAT exam, a BCom (Hons) degree can be a good choice. BCom (Hons) graduates often possess strong analytical and quantitative skills, which are valuable for success in the CAT exam. Additionally, the IIMs appreciate diversity in academic backgrounds, and BCom (Hons) would add to that diversity.

As mentioned, with any career decision, it's essential to assess your daughter's interests, strengths, and long-term goals. Both paths, UPSC and CAT, require Commitment, Dedication and Hard work. You should research further on both the career options, possibly talk to professionals in each field who have achieved in their respective fields. Take time to explore both options thoroughly and choose the path that aligns best with your daughter's aspirations and ambitions.

Hope this help's. All the best

To Your Success. Be You. Be Confident
Ashwini Dasgupta
Author of Confidence Decoded. Is it a Skill or Attitude?

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T S Khurana

T S Khurana   |197 Answers  |Ask -

Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Money
Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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