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Is an MS the right path for my son after studying Economics, Maths, and Statistics at Christ University?

Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Jun 17, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Vinod Question by Vinod on May 31, 2024Hindi
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Hello Sir, My son is currently pursuing his under graduation in ( Economics, Maths and Stastistics) from Christ. University . Want to know the future prospects or what further can be pursued going ahead . An MS in which areas would you suggest. Thanks and Regards. VMG

Ans: Hello Vinod,

To begin with, thank you for contacting us. I am happy to hear that your son is currently pursuing his Bachelors from Christ University. As an answer to your query, I would like to let you know that your son’s undergraduate studies in Economics, Mathematics, and Statistics offer a solid basis for a wide range of job pathways and postgraduate studies. Concerning your query regarding the future prospects, I would like to tell you that your son can take up jobs viz., that of a Data Analyst, Quantitative Analyst, Data Scientist, or Business Analyst, in sectors viz., Finance, Consulting, Technology, Retail, and Healthcare. He may also choose to work as an Investment Banker, Actuary, Financial Analyst, or Economist in sectors such as Insurance, Consultancy, Government, Corporate Finance, or Banking. In the research and academia domain, your son can take up jobs viz., that of an Academic Researcher, Research Analyst, or Professor wherein he can work at Research Institutes, Think Tanks, or Universities. In addition to the ones mentioned above, your son can also choose to work as an Operations Research Analyst, Software Developer, or Algorithm Engineer at Engineering Firms, Startups, or Tech Companies. Concerning your question regarding the areas for further study, I would like to tell you that your son can think about pursuing an MS in Economics, MS in Financial Engineering/Quantitative Finance, MS in Computational Finance. He can also choose to pursue an MS in Operations Research, MS in Data Science/Analytics, MS in Actuarial Science, or an MS in Statistics/Applied Statistics.

While selecting an MS program, I would recommend that your son takes into account the location and program’s standing. He should investigate programs with solid linkages to the industry as well as a track record of successful placements. He should make sure he fulfills the requirements for the programs he is considering. He should take into account his professional objectives, factoring in the positions and sectors he is drawn to. All in all, your son should select a field that best resonates with his passion and strengths.

Given your son’s solid background in mathematics, I would like to tell you that he has numerous exciting possibilities for future education and employment. Jobs in data science, operations research, and finance could possibly suit him well. When determining which path to choose, your son should take into account his interests and professional objectives. An MS in any of these fields will lead to a wealth of possibilities in business, academia, and other areas.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint
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Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Mar 09, 2024

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hello Sir, my son is age is 24 and he his commerce graduate , he want to pursue for further study for MS in finance either in USA/ UK or small country like Netherland / ireland or near by he has already completed ILTS EXAM, can you please guide good university and looking to job prospective whether there is any scope in finance . please guide SIR .,
Ans: Hello Shivaji. Thank you for contacting us. I am happy to hear that your son wants to pursue an MS in finance abroad.
To answer your question first, certainly, pursuing an MS in Finance can be a great choice for your son, as it opens up various opportunities in the finance industry globally. Here are some recommendations for universities in the USA, UK, Netherlands, Ireland, and nearby countries that offer strong finance programmes, along with insights into job prospects:

1. USA: The USA has a robust finance industry, especially in cities like New York, Chicago, and San Francisco. Graduates from top universities often find opportunities in investment banking, asset management, corporate finance, and consulting.

2. UK : London is a global financial hub, providing ample opportunities in investment banking, asset management, fintech, and corporate finance. Graduates often find roles in financial institutions and consulting firms.

3. Netherlands: The Netherlands has a thriving financial sector, particularly in Amsterdam. Graduates may find opportunities in banking, insurance, asset management, and financial technology companies.

4. Ireland: Dublin has a growing financial services industry, with opportunities in banking, fund management, fintech, and corporate finance.
Regardless of the country or university your son chooses, it's essential for him to network actively, gain relevant internships or work experience, and stay updated with industry trends to enhance his job prospects in the competitive field of finance. Additionally, obtaining professional certifications such as CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) can further boost his credentials and career prospects.

For further assistance you can get in touch with us.

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Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Jun 12, 2024

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T S Khurana

T S Khurana   |197 Answers  |Ask -

Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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