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Should my daughter pursue BBA+Research from Symbiosis Noida or B.Com(Hons) from DU with CA?

Nayagam P

Nayagam P P  |4093 Answers  |Ask -

Career Counsellor - Answered on Aug 06, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Neetu Question by Neetu on Jul 09, 2024Hindi
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Hello sir My sir My daughter has completed her 12th grade from commerce with math background..... She has given entrance for CUET, Symbiosis noida and Narsee Monjee ...... She got selected in both Symbiosis Noida for BBA Hons and research course and Narsee Monjee Mumbai main campus for B.com Hons course...... And still waiting for CUET results to get admission in DU for bcom(Hons) as she want to pursue CA simultaneously with graduation...... My question is which one is a better option doing BBA(Hons) with research from Symbiosis Noida campus or B.com (Hons) from DU if she got admission there with doing CA simultaneously

Ans: Neetu Madam, prefer getting admission into DU through CUET as she wants to pursue CA. All the BEST for Your Daughter's Bright Future.

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Asked by Anonymous - Jul 18, 2023Hindi
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Hi Mam, My daughter just completed XII Com from CBSE and scored 98.7%. She has also scored good in CUET. I am in dilemma either to go for BA(Hons) Economics from DU or B.Com (hons) from DU. She is ready to go for CAT or CA as well. Personally, I feel she should go for BA(Hons) Eco and then either UPSC or CAT for a good IIM. Pl advise.
Ans: Hi Sir,

Thank you for writing in.

Congratulations on the success of your daughter.

I would suggest please speak to your daughter and understand her interest. At the end, she is the one who is going put efforts, patience, interest and build her career. Hence, it's important you buy in her consensus.

Here, you are referring to two different career paths and both has relevant expertise as per the choices you make. Below I have given the brief for your reference.

If you choose BA (Hons) Economics -

If you are interested in a career in the civil services, particularly aiming for the UPSC (Union Public Service Commission) exam, a BA in Economics could be relevant. Economics is one of the optional subjects in the UPSC exam, and having a background in this subject could give you an advantage in that aspect of the exam. However, keep in mind that the UPSC exam is highly competitive, and success in the exam depends on many factors, including hard work, dedication, and a comprehensive understanding of various subjects and current affairs. Hence checking the interest of your daughter is of utmost important.

On the other hand, if you are considering pursuing an MBA from an Indian Institute of Management (IIM) by taking the CAT (Common Admission Test), the choice of your undergraduate degree is less crucial. IIMs consider the CAT score, past academic performance, work experience, and performance in the interview/GD (Group Discussion) round when evaluating candidates. While an economics background could be helpful in developing analytical and quantitative skills required for the CAT, many successful MBA candidates come from diverse academic backgrounds.

If you choose B.com (Hons) -

If you are interested in a career in the civil services and want to appear for the UPSC exam, a BCom (Hons) degree can provide a solid foundation for the General Studies paper in the UPSC examination. BCom (Hons) covers various subjects related to commerce, economics, finance, and accounting, which can be beneficial for certain topics in the UPSC syllabus.

Similarly, if you are considering pursuing an MBA from an IIM through the CAT exam, a BCom (Hons) degree can be a good choice. BCom (Hons) graduates often possess strong analytical and quantitative skills, which are valuable for success in the CAT exam. Additionally, the IIMs appreciate diversity in academic backgrounds, and BCom (Hons) would add to that diversity.

As mentioned, with any career decision, it's essential to assess your daughter's interests, strengths, and long-term goals. Both paths, UPSC and CAT, require Commitment, Dedication and Hard work. You should research further on both the career options, possibly talk to professionals in each field who have achieved in their respective fields. Take time to explore both options thoroughly and choose the path that aligns best with your daughter's aspirations and ambitions.

Hope this help's. All the best

To Your Success. Be You. Be Confident
Ashwini Dasgupta
Author of Confidence Decoded. Is it a Skill or Attitude?

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Hello Sir, this is Dhiraj DM, I am 48 year's old married with no kids, we have any flat worth 1. 5 cr given on rent around 50 lakhs of equity 20 lacs mutual funds we want to retire in next 3 years,please guide. We live in a metro no liability, we r into Gifting business now want to retire in next 3 years
Ans: Your retirement is just three years away. You have built a strong foundation with real estate, equity, and mutual funds. Now, the goal is to structure your investments for steady income, security, and long-term sustainability.

1. Assessing Your Current Financial Position
Flat Worth Rs. 1.5 Crore: This generates rental income, but liquidity is limited.
Equity Portfolio of Rs. 50 Lakh: Market-linked investments with potential for high returns but volatile.
Mutual Funds of Rs. 20 Lakh: Offers diversification and moderate risk exposure.
No Liabilities: This is a strong advantage for financial freedom.
Gifting Business: If planning to exit, ensure business-related finances are sorted before retirement.
2. Estimating Post-Retirement Income Needs
Calculate expected monthly expenses, including medical, travel, lifestyle, and emergency costs.
Factor in inflation, as expenses will rise over time.
Consider long-term costs such as medical care and home maintenance.
3. Structuring Retirement Income
Rental Income as a Fixed Source
Your flat generates rental income, which helps with stability.
Consider reinvesting this income for further growth.
Portfolio Rebalancing for Stability
Equity exposure is beneficial but risky close to retirement.
Shift some funds to low-risk instruments for safety.
Keep some allocation to equity to combat inflation.
Maintaining Liquidity for Emergencies
Create an emergency fund of at least 2 years' expenses in liquid assets.
Avoid relying solely on investments that require selling in volatile markets.
4. Health and Insurance Planning
Ensure comprehensive health insurance for both of you, at least Rs. 15-20 lakh coverage.
If you hold any old insurance policies with low returns, consider restructuring them.
Create a separate healthcare fund for long-term medical expenses.
5. Tax Efficiency in Retirement
Structure withdrawals smartly to reduce tax burden on capital gains.
Use tax-free instruments where applicable.
Rental income is taxable, so deduct maintenance expenses to lower tax outgo.
6. Planning Investments for Retirement Income
Avoid complete reliance on fixed-income instruments, as they may not beat inflation.
A mix of mutual funds, debt instruments, and systematic withdrawal plans (SWP) will ensure steady cash flow.
Keep some investments growth-oriented to sustain wealth over decades.
7. Estate and Legacy Planning
Prepare a clear will to ensure smooth asset transfer.
If you plan to donate or support causes, structure funds accordingly.
Finally
Ensure liquidity and stability in your investments.
Reduce risk in equity but keep exposure for growth.
Maintain a dedicated healthcare fund and strong insurance coverage.
Structure investments to minimise taxes and ensure steady income.
Plan legacy and succession to avoid future complications.
Would you like a detailed plan on how to allocate your investments for steady retirement income?

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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

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