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Confused about career path: Should I pursue an MBA or MCA after a BSc in Chemistry?

Pradeep

Pradeep Pramanik  |196 Answers  |Ask -

Career And Placement Consultant - Answered on Aug 16, 2024

Pradeep Pramanik is a career coach, placement consultant and director at Fast Track Career Consultants, which provides career counselling, soft skills training and placement consultancy services.
Pradeep, who hails from Bhagalpur in Bihar, has worked in the pharmaceutical industry for 15 years in sales, marketing, training and product management roles in companies like Lupin Pharmaceuticals, Elder Pharmaceuticals and Ranbaxy Laboratories.
During his tenure in the pharma industry, he has worked in different states including Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Tamil Nadu and West Bengal.
In 1998, he launched Fast Track Career Consultants with the aim of helping youngsters find jobs through the right career counselling, training and placement services.
They also offer HR analysis and appraisal services.
Over the years, he has been invited by management and engineering institutions to discuss education and employment policies, entrepreneurship, soft skills and emerging careers in India.
He has published four books on career counselling and contributed articles to print publications.... more
Asked by Anonymous - Jul 31, 2024Hindi
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Career

Hi i had done my graduation in 2021 in bsc chemistry. Since that was covid time i didn't know much about my graduation subject hence didn't go for msc and started preparing for upsc now after 3 years seeing the failure rate of it and seeing seniors of mine giving there last attempt. I can't think myself at that stage of life so now i am confused should i go for mba or mca since mca will be total domain change but i will get a package and now i have time to try IT sector but i dont know what if in future i think i choose wrong path. I am totally confused

Ans: Dear,

There is a proverb "One who knows his weaknesses and strengths can't be treated as a fool until he really fails to improve upon his weaknesses" . I am happy that you are aware about your weak areas .

To get a job of choice is a bliss and only those who are lucky get them. UPSC or MCA to get into for IT sector ,may not be a rational option and may take time to get a job of choice. However Your qualification can easily
get you into sector like Pharma sales , FMCG/FMCD / Industrial sales , banking or finance sector sales/ops etc apart from MBA if you have time and
patience ,

These options are definitely not bad if you are in dire need of a job. Now without wasting time get into suggested sectors.
Career

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What happens when a Mutual Fund company shuts down / gets sold off?
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If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

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1. Pay out investors based on the fund's last recorded Net Asset Value (NAV) and the number of units the investor holds, after deducting expenses.

2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

The stocks and bonds purchased by the AMC for the fund are held by a custodian, appointed by the trust that administers the fund.

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Happy Investing;
X: @mars_invest

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