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I'm a 29-year-old woman with an MBA. How can I relaunch my career after a 5-year break?

Patrick

Patrick Dsouza  |873 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jul 12, 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
Asked by Anonymous - Jul 12, 2024Hindi
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Career

Hello sir I am 29 years female i have a MBA in hr and marketing I was working for 2 years But after a got married i have stopped , now i want to work after 5 years of gap Is there any course i can do to boost my profile or what should i do to find job.

Ans: Do both - try for a job as well as look to upskill yourself with some courses. Check what are the industry requirements and then plan your course.
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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Nov 03, 2023

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Hi Abhishek, I have around 15 years of experience in HR generalist role. I have done my education in distance mode while I am on job. I started my career as data entry operator in HR and rose upto the level of manager in infrastructure industry from 2007 to 2020 from 2021 to 2022 nov I have worked in ITES US staffing firm. Due to health and personal issues I had to quit the job. From 2023 Jan onwards I am searching for job but of no use till date I am unemployed I have to pay EMI every month. I am unable to figure out why my profile is working in the market. Is it my education background which is hampering my chances or what I am unable to figure out. Can u please help me to understand and figure out how to come out of the situation to land in a job.
Ans: Hi Ramgopal,

I'm sorry to hear about the challenges you're facing in your job search. It's not uncommon for experienced professionals to encounter difficulties when re-entering the job market, and there could be several factors at play. Let's explore some potential reasons and strategies to overcome them:

Education Background: While you mentioned that you pursued your education through distance learning, it's essential to highlight your years of work experience. Many employers prioritize practical experience over formal education, especially in HR roles. Ensure that your resume and cover letter emphasize your extensive 15 years of experience and the skills you've gained during that time.

Resume and LinkedIn Profile: Make sure that your resume and LinkedIn profile are up-to-date, professional, and tailored to the roles you're applying for. Highlight your achievements, skills, and certifications relevant to HR or staffing.

Networking: Leverage your professional network. Reach out to former colleagues, supervisors, and contacts you've made during your career. Attend industry-specific events, conferences, and webinars to network and stay updated on industry trends.

Job Search Strategy: Be strategic in your job search. Target companies and roles that align with your experience and skills. Tailor your application to each job, emphasizing how your background makes you a strong candidate.

Skill Enhancement: Consider updating your skills to align with the current HR and ITES industry requirements. You may want to take online courses or certifications to boost your qualifications and demonstrate your commitment to ongoing professional development.

Interview Preparation: If you're getting interviews but not job offers, work on your interview skills. Practice common HR interview questions and refine your responses. Focus on showcasing how your experience is an asset to potential employers.

Consult a Career Coach: Consider seeking guidance from a career coach or mentor who can provide personalized advice and help you identify areas for improvement.

Be Patient and Persistent: The job market can be competitive, and job searches can take time, especially when you've been out of work for a period. Stay persistent and keep applying to positions that match your skills and experience.

Financial Planning: Given your EMI commitments, it might be wise to revisit your budget and explore options for temporary or part-time work to help manage your financial obligations while continuing your job search.

Self-Care: Lastly, it's essential to take care of your health and personal issues. A healthy and balanced mindset can positively impact your job search efforts.

Remember that job searches can be challenging, and rejection is a part of the process. Stay resilient, keep refining your approach, and you'll increase your chances of landing a suitable role in the HR or ITES industry. If you encounter specific challenges along the way, consider seeking advice from professionals in your network or career experts.

Best regards,
Abhishek Shah

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Milind

Milind Vadjikar  |741 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 03, 2024

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What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

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.

In case MF company shuts down,
The fund house will:
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.

The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
X: @mars_invest

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