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Patrick

Patrick Dsouza  |1365 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Apr 29, 2024

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Pritam Question by Pritam on Apr 27, 2024Hindi
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Career

I did btech in cse in a state government college but after graduation I thought of preparing for cat and other MBA exam, I reached till interview of ximb but was rejected at last and current job market seems to be down , I'm thinking of doing a data analytics course in bengaluru/Hyderabad? Is it a good idea ? Please reply

Ans: One option is to try for CAT again. You already have learning experience from your first attempt and that could help you to perform better in the 2nd attempt. Can do a course simultaneously or can do a job in Data Analytics. When you decide your career path try to see the demand in the industry as well as what you are interested in.
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I am Asish Kumar Singh Staying in Bangalore, completed my secondary education in Kolkata from CBSE and Higher Secondary from NIOS as I was not able to pass exam due to my mistake as I missed to see that 6th subject is not entered in my admit card .after wasting 2 years decided to pass from open schooling.Came to Bangalore due to my father new office joined.Joined Degree College in Bachelor of Commerce completed in 2020 (Corona Batch ) .As the market condition was bad I got offer from domestic customer support which I joined after working for 1 years 6 months I decided to further studies for which I joined Online MBA as I also wanted to work and again looking for job and got opportunity from HSBC for UK process but as the process was tough I was able to work only for one year.Now I am jobless and decided to upgrade skills by doing Data Analytics Courses . Please tell me ia this a good decision
Ans: See sometimes there is no good option. You just deal with the cards that you have been handed down

I would say that you took the best course of action that was available to you.

Could there have some other path? Yes. Would it have been better? Maybe or maybe not!

Coming to latest updates, Data analytics is a rapidly growing field, with businesses across industries increasingly relying on data-driven insights to make strategic decisions. This has led to a surge in demand for professionals with expertise in data analytics.

By acquiring skills in data analytics, you open up a wide range of career opportunities in sectors such as finance, healthcare, marketing, e-commerce, and more. Roles could include data analyst, data scientist, business analyst, or data engineer, among others.

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 11, 2025

Nayagam P

Nayagam P P  |10162 Answers  |Ask -

Career Counsellor - Answered on Aug 11, 2025

Career
Sir, my son had got provisional admission in RAIT Ramrao Adik Institute of Technology ( DY Patil Deemed to be University Navi Mumbai) for B.Tech in Computer Science and Business systems. Through MHT- CET, he also got alloted Electronics and Computer Science Engineering at Pillai College of Engineering,New Panvel Navi Mumbai. He is interested in Computer Science and Software. But the fees of Pillai's college is lesser than RAIT. He also plans to foray into Entrepreneurship in future if possible. We are not able to understand what to do. Can you please guide?
Ans: Rosesh Sir, Ramrao Adik Institute of Technology (RAIT), under DY Patil Deemed University Navi Mumbai, offers a specialized B.Tech in Computer Science and Business Systems (CSBS) with strong industry-aligned curriculum, reputed faculty, and active student support including entrepreneurship initiatives. RAIT's placement rate is robust, approximately 80%, with median packages around INR 7.5 LPA and top recruiters like TCS, Accenture, Infosys, and Morgan Stanley. The institute encourages innovation and entrepreneurship, supported by its Entrepreneurship Cell, events, and access to startup funding opportunities. On the other hand, Pillai College of Engineering (PCE) in New Panvel provides a B.Tech in Electronics and Computer Science Engineering with a focus on core electronics and computing fundamentals. PCE has about 80% placement consistency with average packages near INR 4.4 LPA and strong IT sector recruiter presence. PCE also fosters entrepreneurship through its Center of Innovation and Entrepreneurship, hosting business plan competitions and startup mentorship. While PCE offers a lower fee structure, RAIT’s specialized CSBS program combined with better placement metrics and stronger entrepreneurship ecosystem gives it an edge for students inclined toward business, technology, and startups.

Recommendation: Opt for RAIT’s Computer Science and Business Systems for superior placement prospects, integrated business-technology curriculum, and active entrepreneurship support, which align well with your son’s interest in computer science and future entrepreneurship aspirations. Choose Pillai College if budget constraints are higher priority, with a strong core engineering foundation and entrepreneurship opportunities still available. The decision should balance financial considerations with academic and career ambitions. All the BEST for a Prosperous Future!

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Nayagam P

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My daughter got admission in guru tek bahadur institute of technology in ECE. I wanted to know if she get admission in bhartiya vidyapeeth EEE branch. Which branch is better
Ans: Rishit Sir, Guru Tegh Bahadur Institute of Technology (GTBIT) offers a well-regarded Electronics and Communication Engineering (ECE) program with around 60-70% placement rates, average packages near ?5-6 LPA, and recruitment by companies like Amazon, TCS, Infosys, and Paytm. The faculty are qualified and provide good industry readiness. Bharati Vidyapeeth College of Engineering (BVCOE) Pune’s Electrical and Electronics Engineering (EEE) branch boasts about 73% placement, with average packages near ?5.5 LPA and top recruiters including Accenture, Hexaware, and JP Morgan Chase. BVCOE has experienced faculty and modern labs supporting strong academic training. While GTBIT’s ECE focuses on core communication and electronics specialized knowledge, BVCOE's EEE includes broader electrical engineering fundamentals, providing versatile engineering skills and slightly higher placement consistency.

Recommendation: Opt for Bharati Vidyapeeth EEE for a slightly stronger placement record, diverse recruiter base, and versatile electrical engineering foundation. Choose GTBIT ECE if your daughter prefers core electronics and communication with good campus support and decent placements, aligning with her interests in telecom and embedded systems. The decision depends on her preferred engineering domain and priority between specialized or broad electrical engineering education. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |10162 Answers  |Ask -

Career Counsellor - Answered on Aug 11, 2025

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My daughter is currently pursuing Biomedical engineering at Thapar University Patiala. Which MBA stream will be more suited to her profile
Ans: Vikkas Sir, For a Biomedical Engineering graduate from Thapar University Patiala, several MBA streams offer excellent career alignment. Healthcare Management emerges as the most suitable option, providing specialized knowledge in hospital administration, healthcare policy, pharmaceutical management, and biotech business operations, directly leveraging her technical background in medical devices and healthcare systems. Biotechnology Management represents another compelling choice, focusing on biopharmaceutical companies, clinical research, regulatory affairs, and biotech entrepreneurship, where her engineering skills complement business acumen in scientific product development and commercialization. Operations Management offers opportunities in manufacturing processes optimization, quality control systems, and supply chain management across pharmaceutical and medical device industries. Marketing specialization in healthcare/pharmaceutical sectors enables roles in product management, medical marketing, and market research for biotech products. Top NIRF-ranked institutions like IIMs, XLRI, FMS Delhi, and NMIMS offer specialized healthcare tracks, while institutions such as NMIMS Healthcare Management MBA and ISB provide industry-focused curricula. Admission typically requires CAT/XAT/GMAT scores with 50% undergraduate marks, and placement opportunities span pharmaceutical giants like Cipla, Dr. Reddy's, healthcare consulting firms, and medical device companies. The combination of biomedical engineering background with business education creates unique value in bridging technical innovation with market needs, particularly valuable in India's growing healthcare and pharmaceutical sectors where professionals who understand both technology and business dynamics are highly sought after for leadership roles.

Recommendation: Pursue MBA in Healthcare Management for optimal career alignment, combining biomedical engineering expertise with specialized business knowledge for pharmaceutical and healthcare industry leadership opportunities. All the BEST for a Prosperous Future!

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Ramalingam

Ramalingam Kalirajan  |10219 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 11, 2025

Asked by Anonymous - Aug 10, 2025Hindi
Money
Hello sir, My income is 20. I took 3lakh gold loan Roi 13% PA flat interest. My monthly expenditure is 15k. I have done 5k sip and now 1.6lk accumulated. Should I continue sip or should I redeemed sip and prepay gold loan.
Ans: You are already showing a strong habit of investing despite having a loan.
You have built Rs. 1.6 lakh corpus through SIP.
This shows commitment to long-term financial health.

» Understanding your current position
– Monthly income is Rs. 20,000.
– Monthly expense is Rs. 15,000.
– SIP of Rs. 5,000 has accumulated Rs. 1.6 lakh.
– Gold loan is Rs. 3 lakh at 13% flat interest.
– Flat rate means effective cost is much higher than it appears.

» Assessing the gold loan impact
– Gold loan interest is high and constant each year.
– Flat rate makes repayment costlier than reducing balance loans.
– The longer you keep it, the more interest you pay.
– Prepayment will save significant interest outflow.

» Comparing SIP returns and loan cost
– Equity SIPs can give higher returns long term.
– But short-term returns are not guaranteed.
– Loan cost is fixed and much higher than current SIP gains.
– Paying off high-cost debt is safer than chasing returns now.

» Why prepayment makes sense here
– Prepaying gold loan will give risk-free saving equal to loan interest rate.
– It frees monthly cash flow used for EMI.
– This extra cash can restart SIP after loan closure.
– It reduces financial pressure and mental stress.

» Emergency fund consideration
– Current cash is not mentioned beyond SIP corpus.
– Ensure you keep at least 3 months’ expenses in safe liquid form.
– This avoids taking fresh loans in emergencies.
– Use part of SIP redemption only after securing this fund.

» Redeeming SIP for loan closure
– Redeem the accumulated Rs. 1.6 lakh from SIP.
– Use it to part-prepay gold loan immediately.
– Continue paying regular EMI for reduced loan balance.
– This will cut interest outgo and shorten loan term.

» Restarting investments after loan closure
– Once gold loan is cleared, restart SIP without delay.
– Increase SIP amount by what was earlier paid as EMI.
– This will recover the lost investment period faster.
– Equity SIP works best over long term with uninterrupted contributions.

» Avoiding high-cost loans in future
– Gold loan flat rate is costly compared to many other credit options.
– Always compare reducing balance rate before taking loans.
– Build an emergency fund to avoid such borrowings again.
– Plan large expenses in advance to fund them through savings.

» Maintaining insurance protection
– Even small income earners need life and health cover.
– A basic term plan protects dependents from future liabilities.
– Health insurance avoids medical emergencies draining your corpus.
– Premiums are small compared to the risk of not having cover.

» Building wealth after debt clearance
– With loan gone, invest more towards future goals.
– Divide investments between equity for growth and debt for stability.
– Use actively managed funds over index funds.
– Index funds blindly follow market, including bad-performing stocks.
– Actively managed funds have research-driven selection and timely exits.
– This improves risk-adjusted returns when guided by a Certified Financial Planner.

» Avoiding direct fund risks
– Direct funds may look cheaper but lack ongoing guidance.
– Wrong asset allocation can harm returns more than expense ratio savings.
– Many investors exit at wrong time due to market fear.
– Regular plans with a CFP ensure timely rebalancing and monitoring.

» Psychological benefit of being debt-free
– No loan means more peace of mind.
– Cash flow feels lighter and more controllable.
– Investments can grow without debt cost eating into returns.
– You feel more confident in taking bigger financial decisions.

» Finally
– Your priority now should be clearing the gold loan.
– Redeem SIP corpus after keeping small emergency fund aside.
– Prepay as much as possible to reduce high-interest cost.
– Resume and increase SIP after debt clearance.
– Build insurance and emergency corpus to avoid future costly borrowings.
– Use actively managed funds with CFP guidance for long-term growth.
– This will give both financial safety and wealth creation over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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