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Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Aug 10, 2023

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
ANIL Question by ANIL on Jul 25, 2023Translate

Hi Guru, My son has completed his MA in Economics with Statistics and Mathematics and without a job. Can you suggest the possible avenues or companies hiring persons with his qualifications

Ans: Hello Anil,

I'd be glad to help. With your son's background in Economics, Statistics, and Mathematics, he possesses a strong skill set that can be valuable in various industries. Here are some potential avenues and types of companies that often hire individuals with such qualifications:

Financial Institutions: Banks, investment firms, insurance companies, and other financial institutions frequently hire individuals with strong analytical and quantitative skills to work in roles such as data analysis, risk assessment, financial modeling, and market research.

Consulting Firms: Management, economic, and data consulting firms seek candidates with expertise in Economics and Statistics to provide insights into market trends, consumer behavior, and strategic decision-making for clients.

Government Agencies: Many government agencies hire economists and statisticians to analyze economic trends, develop policies, and conduct research on various socio-economic issues.

Technology Companies: Tech companies often require professionals with strong analytical skills to work in areas like data science, machine learning, and business analytics.

Market Research Firms: These firms need individuals who can analyze market data, consumer behavior, and industry trends to provide insights to their clients.

Academia and Research Institutes: If your son is inclined towards research and academia, he might consider pursuing a PhD and entering the world of academic research and teaching.

Multinational Corporations: Large corporations in various sectors hire economists and statisticians to analyze data, forecast market trends, and inform business strategies.

Healthcare Industry: Healthcare organizations may require individuals with strong analytical skills to analyze patient data, healthcare costs, and outcomes for research and policy-making purposes.

Non-profit Organizations: NGOs and non-profit organizations often need economists and statisticians to analyze data related to social issues and to inform policy recommendations.

Energy and Environmental Companies: These industries require professionals to assess the economic impact of energy policies, analyze environmental data, and support sustainable business practices.

To increase his chances of landing a suitable job, your son should consider networking, attending job fairs, and utilizing online job platforms. Tailoring his resume and cover letter to each specific job application is also crucial. He might also want to consider gaining relevant certifications or skills in data analysis tools like Python, R, or statistical software packages.

The job market is competitive, but with his qualifications, he is well-positioned to find a rewarding and intellectually stimulating role in a variety of industries.

Best regards,
Abhishek Shah

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R P Yadav  |205 Answers  |Ask -

HR, Workspace Expert - Answered on Dec 26, 2023

Hi, my son complete B E Civil, try to get job , ehat he do
Ans: Dear Mohammed,
I can understand that you are looking for job opportunities for your son who has completed his B.E. in Civil Engineering. There are many career options available for civil engineering graduates. Some of the popular career options include:
Surveyor: Surveyors conduct land and site reviews to measure land features based on various reference points, such as depth and shape. They examine data from previous land records to verify the current on-site surveys and present their findings to the designated authorities. The national average salary for this position is ?14,828 per month.
CAD Technician: Computer-aided design (CAD) technicians develop electronic design plans for buildings and machinery using CAD software. They cooperate with building architects and professional designers to convert blueprints and technical drawings into 2D and 3D computer models. The national average salary for this position is ?15,910 per month.
Structural Engineer: Structural engineers design and build buildings, bridges, and other commercial and private structures. They also measure loads and presses to ensure that the buildings’ formation and structure are secure and choose durable materials. The national average salary for this position is ?21,641 per month.
Urban Planner: Urban planners coordinate with public officials, developers and community members to plan land development and usage activities and initiatives. The national average salary for this position is ?21,665 per month.
These are just a few examples of the many career paths available to civil engineering graduates. Your son can also consider working in the government sector, where there are many job opportunities for civil engineers. Some of the government organizations that offer jobs for civil engineers include Municipal Corporations, Jal Boards, Delhi Development Authority, New Delhi Municipal Corporation, Metro Rail, National Highway Authority of India, Indian Oil Corporation, Delhi State Industrial Development Corporation, Public Works Department, Central Public Works Department, Border Roads Organization, Military Engineering Services, Airport Authority of India, Indian Air Force, Railways, Irrigation & Flood control department, Public Health Engineering department, National Hydro-electric Power Corporation, National Thermal Power Corporation, Oil and Natural Gas Corporation Limited, Defense Research and Development Organization, RITES, DRDO, Pollution Control Boards, Building and Construction department of organizations and many more.
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Financial Planner - Answered on Feb 23, 2024

Asked by Anonymous - Feb 22, 2024Translate
My partner and I, both under 35, have a combined monthly income of Rs 4.5 lakhs. We aspire to accumulate Rs 15 crores for retirement over the next 25 years. How can we optimize our financial planning to achieve this goal while also preparing for the costs associated with raising a family?
Ans: Aiming for a Rs 15 crore retirement corpus by the age of 60 is a commendable goal, and with careful planning and disciplined saving, it's definitely achievable. Here are some steps you can take to optimise your financial planning:

1. Estimate your retirement needs:

• Inflation: Consider a 7-8% inflation rate to adjust the Rs 15 crore to its future value at your retirement age.
• Lifestyle: Determine your desired retirement lifestyle and estimate monthly expenses.
• Healthcare: Factor in potential medical costs that may increase with age.

2. Analyse your current expenses:

• Track your monthly income and expenses to identify areas where you can save.
• Create a budget that allocates funds for essential needs, savings, and investments.

3. Maximise your savings:

• Increase your SIP contributions: Aim for a monthly investment of at least 50% of your surplus income after expenses.
• Explore various investment options: Diversify your portfolio across equity mutual funds (for long-term growth), debt funds (for stability), and PPF (for tax benefits and guaranteed returns).
• Employer-sponsored plans: Contribute the maximum to your Employee Provident Fund (EPF) and explore voluntary contributions.

4. Optimise your investments:

• Seek professional advice: Consult a certified financial planner for personalised investment recommendations based on your risk tolerance and goals.
• Rebalance your portfolio regularly: Maintain your desired asset allocation to manage risk and optimise returns.

5. Address family planning costs:

• Child planning: Start an SIP in a child plan to accumulate funds for education and other needs.
• Health insurance: Ensure adequate health insurance coverage for yourself, your partner, and any future children. Consider critical illness riders for additional protection.


• Early start: Starting early gives your investments more time to grow through compounding.
• Discipline: Consistent saving and investing are crucial for achieving your goals.
• Review and adapt: Regularly review your plan and adjust your investments and savings as your income, expenses, and goals evolve.

Additional tips:

• Explore government schemes like Sukanya Samriddhi Yojana for girl child education and Atal Pension Yojana for retirement income.
• Consider freelancing or side hustles to increase your income.
• Reduce unnecessary expenses and adopt a mindful spending approach.
• Remember, this is a general framework, and consulting a financial advisor can provide personalised guidance based on your specific circumstances.
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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