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Sushil Sukhwani  |422 Answers  |Ask -

Study Abroad Expert - Answered on Apr 11, 2023

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 - Apr 06, 2023Hindi

My daughter is in second year of Bio Engineering from MIT Pune. I would like to know what could be her post graduation options within India and abroad. Also if you could guide on how can she can prepare now (other than good grades) to start good career after her engg. studies?

Ans: Hello,

Thank you for contacting us. Your daughter could consider a variety of post-graduate options as an MIT Pune graduate in Bio Engineering, including pursuing a Master's or PhD in bio engineering or a related field, looking for work in the pharmaceutical, medical device, biotechnology, or healthcare sectors, or taking into account openings in government agencies or startups, both in India and abroad. Your daughter can participate in internships, research projects, and extracurricular activities to get real-world experience and develop transferable skills in order to prepare for a successful career after completing her engineering studies in addition to maintaining strong grades. Networking, putting together a professional portfolio, attending industry events, and keeping up with the newest innovations in the sector can also help her stay competitive in the job market.

For more information, you can visit our website.

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Sushil Sukhwani  |422 Answers  |Ask -

Study Abroad Expert - Answered on Jan 08, 2024

My daughter is in third year of B.Sc.. Biotech from kelkar college Mulund. I would like to know what could be her post graduation options within India and abroad. Also if you could guide on how can she can prepare now (other than good grades) to start good career after her studies?
Ans: Hello Mahendra,

First and foremost, thank you for getting in touch with us. I am happy to know that your daughter is currently pursuing the 3rd year of her Bachelor’s of Science in Biotechnology and thereafter wishes to pursue her postgraduate studies. Concerning your question as to what could be her PG options within India and abroad, I would like to let you know that we only deal with overseas education. You would be glad to hear that there exist a plethora of choices for a graduate in B.Sc. Biotech wishing to pursue post-graduation overseas. Nations viz., the United Kingdom, Germany, the United States, Australia, or Canada, are regarded for their robust biotech industries, and your daughter could look into the postgraduate programs offered in the fields of Bioengineering, Molecular Biology, Biotechnology, or other associated areas of study in these countries. I would also recommend that she conducts an all-round study on universities well-known for the programs they offer in her preferred field of study, as well as investigates their prerequisites for admission, viz., English competency tests like the IELTS or TOEFL, or standardized tests like the GRE. As an answer to your query on how she can prepare now (other than good grades) to embark on a good career post her studies, I would like to say that your daughter, alongside maintaining strong grades, can engage in internship opportunities or take up jobs of a research assistant to acquire pertinent research experience, actively participate in extracurricular activities associated with her field of interest, craft a compelling SOP that outlines her educational objectives and ambitions, as well as build meaningful connections with academics or industry experts to boost her profile. Her opportunities for a successful job after graduation can be enhanced by staying abreast with developments in the field of biotechnology through online classes, seminars, and conferences.

For more information, you can visit our website.

..Read more

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Moneywize   |122 Answers  |Ask -

Financial Planner - Answered on Jun 25, 2024

Asked by Anonymous - Jun 13, 2024Hindi
Ours is a family of 3 people -- My wife, I and my daughter who is 15. I am 39, my wife is 37 and our monthly expenses are Rs 90K. I own my house and expect to have no fixed income after 65 years, and expect to live till 75. Considering the ever increasing price rise what should be my corpus at 65 for me to continue living the life style I am living today?
Ans: Calculating your retirement corpus:

Here's how to estimate the corpus you'll need to maintain your current lifestyle after retirement:

1. Retirement period:

You plan to retire at 65 and expect to live till 75. So, your retirement period is 75 - 65 = 10 years.

2. Inflation adjustment:

You've rightly considered inflation. To estimate future expenses, we need to factor in inflation. A safe assumption for India is 5-7% inflation. Let's take an average of 6%.

3. Current monthly expenses:

You spend Rs 90,000 per month currently.

4. Future monthly expenses:

To find the monthly expense at retirement (at 65), we need to consider inflation for 26 years (39 years till retirement + 10 years retirement).

You can use an inflation calculator online or a simple formula:

Future monthly expense = Current monthly expense * (1 + Inflation rate)^number of years

In your case, Future monthly expense = Rs 90,000 * (1 + 0.06)^26 ≈ Rs 3,28,550 (approximately Rs 3.29 lakh)

5. Total corpus calculation:

Now you can calculate the total corpus needed. Here's a common approach:

Total corpus = Monthly expense * Number of years in retirement * 12 (months)

However, this method doesn't consider the fact that you'll be withdrawing money every month, reducing the corpus. A more accurate method is using the Time Value of Money (TVM) concept. There are online TVM calculators or Excel functions you can use.

Here's an alternative approach that provides a reasonable estimate:

Multiply the future monthly expense (Rs 3.29 lakh) by a factor considering inflation over the period. This factor can vary depending on your risk tolerance and investment strategy. A factor of 200 is often used as a conservative estimate.
Total corpus = Rs 3.29 lakh/month * 200 (factor) = Rs 6.58 crore (approximately Rs 658 million)

Additional factors to consider:

• Daughter's future expenses: Your daughter will be an adult by the time you retire. While she won't be financially dependent, consider any potential future support you might want to provide for her education or marriage.
• Healthcare costs: Healthcare expenses tend to increase with age. Factor in potential medical needs during retirement.
• Debt: If you have any outstanding debt by the time you retire, you'll need to account for its repayment in your corpus calculation.
• Investment returns: The corpus amount assumes a certain rate of return on your investments. Research different investment options and their potential returns to refine your calculations.


Consult a financial advisor for a personalised retirement plan considering your specific financial situation, risk tolerance, and investment goals. They can help you create a more comprehensive plan and suggest suitable investment strategies to achieve your corpus target.

Remember, this is an estimate. Regularly review your plan and adjust it based on changing circumstances.

...Read more


Mayank Chandel  |1003 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jun 24, 2024

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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