Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Aug 28, 2023

Asked by Anonymous - Aug 26, 2023
Career

My daughter is studying Engineering and she is thinking of going abroad for MS or MBA in reputed college. we all could not decide, which will course be better. Can you suggest?

Ans: Hello,

First and foremost, thank you for contacting us. Your daughter’s career ambitions and passions play a key role in her decision to pursue either a Master of Science (MS) in Engineering or a Master of Business Administration (MBA). While both offer unique benefits, she should make a choice based on her personal goals and the path she intends taking. Mentioned below is an overview of both courses to help make an educated choice:

Master of Science (MS) in Engineering:

1. Technical Know-how: Technical skills and knowledge within a certain engineering discipline are boosted through an MS in Engineering degree. If your daughter wishes to acquire a better understanding of a specific area of engineering and undertake cutting-edge research or development initiatives, pursuing this degree is an excellent choice.

2. Research Possibilities: Research projects, most often being a component of MS programs, they can result in publications and a chance to support modern developments in this area.

3. Concentration: Pursuing an MS program allows one to specialize in a particular engineering discipline, which in turn, can help her acquire expertise in a specific subject.

4. Job Roles: MS in Engineering graduates generally pursue technical positions viz., that of a design engineer, technical specialist, or research engineer.

Master of Business Administration (MBA):

1. Leadership and Management Abilities: Pursuing an MBA program enables one to develop business understanding, leadership abilities, and comprehensive knowledge of different business functions. This proves invaluable for one with an interest in leadership and management positions.

2. Adaptability: An MBA is adaptable with applications in not just engineering but a variety of sectors. If your daughter is thinking of a career in management, consulting, entrepreneurship, or any position that demands a solid background in business, pursuing an MBA is a good choice.

3. Collaboration: With MBA programs often placing a strong emphasis on networking, applicants are provided with opportunities to connect with experts from varied backgrounds and businesses.

4. Entrepreneurship: Pursuing an MBA degree can equip your daughter with the requisite knowledge and abilities required to succeed in the corporate world, if she plans on establishing her own company.

Factors viz., your daughter’s hobbies and interests, future aspirations, long-term career plans, abilities and strengths, and monetary concerns should be taken into account in order for her to make a confirmed choice.

Finally, the choice should depend on your daughter’s personal goals and vigour. Getting in touch with experts in both engineering and business to acquire information about their experiences and seeking advice mighet also prove beneficial.

For more information, you can visit our website.

You may like to see similar questions and answers below

Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Apr 24, 2023

Career
Sir, My Daughter has just completed her PGDM in E Business from a reputed institute in Mumbai and also placed in a MNC bank as Business analyst. Would you suggest her to go for MBA from abroad in Finance, if at all she wants to excel in her carrier?
Ans: Hello Rajesh,

First and foremost, thank you for getting in touch with us. Sincere congratulations to your daughter on finishing her PGDM and landing a position as a Business Analyst with an MNC bank. Depending on her job objectives and personal preferences, pursuing an MBA in Finance overseas may be a smart move for her to advance in her career.

When choosing whether to pursue an MBA in Finance overseas, keep the following things in mind:

1. Career Objectives: An MBA in Finance from a foreign university can be a fantastic option if your daughter wishes to switch careers or grow in the financial industry. She can acquire the skills and knowledge she needs to flourish in the finance sector as a result of it.

2. Personal Choices: Your daughter should decide if she is prepared for the challenges and costs of pursuing an MBA overseas. She should also take into consideration the location (setting) and culture of the country she wants to study in, as well as if it is compatible with her own preferences.

3. Skill Enhancement: Your daughter's knowledge and abilities in areas like corporate finance, risk management, investment analysis, and financial management can be improved by enrolling in an MBA program abroad, which can provide her with specialised coursework and hands-on learning experiences in the field of finance.

4. Networking Possibilities: By studying overseas, your daughter may have the chance to connect with professionals, academic staff, and students from various backgrounds. This can help her create a strong professional network that could be useful for her future career aspirations.

5. Expenditure and Return on Investment (ROI): Your daughter should take into account the cost of tuition, living expenses, and other associated costs before pursuing an MBA abroad because it can be pricey. Not just that, she should also consider the Return on Investment (ROI) of the MBA, or whether earning the degree will enable her to pursue her career objectives and will be financially worthwhile.

6. Business School’s Social Standing: Your daughter should conduct research and select a prestigious business school that provides an MBA in Finance overseas. Her future employment opportunities and professional advancement may be significantly impacted by the business school's reputation.

Your daughter's specific career aspirations, personal situation, and financial concerns should ultimately guide her decision about whether to pursue an MBA in Finance overseas. Making an informed choice requires extensive research and evaluation of various MBA programs, including their reputations, curriculum, faculty, alumni networks, and placement rates. Consultation with career counselors, mentors, and finance specialists may also be beneficial.

For more information, you can visit our website.
(more)
Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Jul 03, 2023

Career
Hello Sir/Madam, My daughter is completing her 3rd year B.Tech (Information Science) this year. SGPA is 7.50 in all previous years. she wants to do her MS after completing her B.Tech. She wants to persue her MS in Germany or UK. My query is should she do her internship next year in India or get a job here or else in a foreign country. I am confused. Please help.
Ans: Hello Stan,

First and foremost, thank you for getting in touch with us. Congratulations to your daughter as she finishes her third year of a B.Tech. program! It's a wise choice to pursue an MS following graduation, and both Germany and the UK have top-notch higher education options. Her internship decision is based on a variety of criteria and personal preferences.

Gaining international experience through an internship in a foreign nation can be useful if your daughter intends to study abroad for her MS. This experience will not only boost her profile, but will also allow her to become acquainted with the work culture and professional environment in another country. Additionally, it may be a chance for her to network and create connections that can help her future professional chances.

Internships abroad, however, may provide unique difficulties, including visa restrictions, language problems, and cultural acculturation. If your daughter wishes to stay in India, she can think about pursuing an internship with a respectable company in her industry. She will be exposed to the industry while also gaining useful real-world experience. She can also look at employment prospects in India, which will advance her career.

The choice should ultimately be in line with your daughter's ambitions, long-term objectives, and circumstances. Researching the particular criteria and opportunities in Germany and the UK, speaking with academic advisors or career counselors, and taking into account various issues like cost, language ability, and potential future career paths may all be helpful for her.

We mainly deal with overseas education. If your daughter is considering pursuing an education abroad, then please contact us. Thanks!

For more information, you can visit our website.
(more)
Latest Questions
Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Asked by Anonymous - Sep 14, 2023
Money
Sir, I just retired from my service @60yrs. I will get my PF+other fund ₹50L. Please advice how to invest the amount so that my principal not disputed and I can get ₹30,000 pm for my monthly expenses. My family of 2 persons are covered ₹50L health insurance. Regards
Ans: Considering your age and your requirement, you will need to invest in a mix of debt and equity instruments. Here are some investment options available to you:-

• Senior Citizens’ Savings Scheme (SCSS) – This is a pure debt instruments and provides guaranteed returns of 8.2% per annum. The interest is paid quarterly. The maximum amount that you can invest is Rs. 30 Lakhs.

• Corporate FDs – It provides you return more than the regular bank FDs. It contains two options i.e. cumulative and non-cumulative.

• Post Office Monthly Income Scheme (POMIS): This is another government-backed scheme that offers guaranteed monthly income. The current interest rate is 7.1%.

• Debt Mutual Funds: As your main concern is to protect the principal amount you may consider debt funds and monthly income can be achieved through the route of SWP (systematic withdrawal plan).

• Equity mutual funds: Equity mutual funds offer the highest potential returns, but they are also the riskiest. A small portion of the amount can be invested in the equity mutual funds for growth of the money in the long-term horizon.

It is good to know that you are adequately insured for any healthcare emergency.

Your requirement of Rs. 30,000 will be changing in the future due to inflation, hence you should consult with your financial advisor for a proper increasing income or SWP (systematic withdrawal plan) which can help you to ensure sufficient amount available for your monthly expenses.
(more)
Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Money
Hi Sir, I worked a small level company between 01.02.2018 to 30.04.2021. They paid standard EPF contribution of Rs. 1800/- from my side they deducting the same of Rs. 1800/-. After I exit the company I applied the EPF Withdrawl (both contribution) on 06.05.2023 and it was rejected by the officer and the reason was mentioned "Claim Rejeced EQUAL SHARE 07/18". The Employer deposit the July 2018 share in wrongly i.e. The deposited Rs. 1800/- in Employee Share and Rs. 1800/- employer Share and Pension is " 0 ". instead of Rs.1800/- as employee, Rs. 550/- as Employer and Rs.1250/- as pension contribution. When I sent a 2 continues mail to EPF they taking my query as a grivience and sent a query to the employer. But Still they not close the issue. How to I approch them to clear my claim. Because there is no mistake from my side. Thanks in Advance. Narayanan
Ans: I understand that your EPF withdrawal claim has been rejected due to an error in your employer's contribution. This is frustrating, but it is important to remember that you are not alone. Many people experience problems with their EPF claims, especially when their employers make mistakes.

When filing a grievance, be sure to provide clear and concise information about the issue. You should also include any relevant documentation, such as your EPF statement and the revised Form 11 from your employer (if you have one).

Once you have filed a grievance, the EPFO will investigate the matter and try to resolve it. This process can take some time, but it is important to be patient.

Here are some additional tips:

• Keep track of all your communication with the EPFO. This includes emails, phone calls, and visits to the office.
• If you are not satisfied with the EPFO's response, you can escalate the issue to the regional or national level. You can also mail on employeefeedback @ epfindia.gov.in for the redressal of your grievance.
(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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds