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Ashwini

Ashwini Dasgupta  |100 Answers  |Ask -

Personality Development Expert, Career Coach - Answered on Jul 12, 2023

Ashwini Dasgupta is a personality development coach and a neuro-linguistic programming trainer.
She has 15 years of experience training corporate professionals and has worked at Amazon, JP Morgan, Nomura and Satyam among others.
As a career coach, Ashwini specialises in helping growth-minded IT corporate managers develop their self-worth and create the right mindset so that they can achieve their career goals.
Besides corporate training, she offers personal consultations as well.
Ashwini holds a master’s degree in human resources from the Narsee Monjee Institute of Management Studies, Mumbai, and is a certified NLP trainer from the National Federation of NeuroLinguistic Programming, USA.
She has completed her soft skills training and image consultancy course from the Image Consulting Business Institute, Mumbai
Ashwini is also a PoSH trainer, certified by the Society for Human Resource Management.... more
Asked by Anonymous - Jul 11, 2023Hindi
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Career

Hello, my daughter is pursuing B.Com-II sem and wants to pursue MBA. Please guide about the entrance exams for IIMs and other reputed colleges, preparation and coaching.

Ans: Hi,

Thank you for writing in.

Entrance exams for Indian Institutes of Management (IIMs) and other reputed colleges in India are generally conducted by the Common Admission Test (CAT) for admission to the postgraduate management programs.

XAT or Xavier Aptitude Test is another popular MBA entrance exam held for admissions to the Xavier member institutes including XLRI Jamshedpur, XIMB and XIME.

PGDBA exam is held for admission to the Post Graduate Diploma in Business Analytics (PGDBA) course offered collectively by IIM Calcutta, IIT Kharagpur and ISI Kolkata.

IIFT is held by the National Testing Agency for admission to MBA(IB) by the Indian Institute of Foreign Trade. The university-level examination is held annually in online mode.

NMAT is a national-level examination held by GMAC for admission to top MBA institutes including NMIMS and XIMB among 30 B-schools in India.

TISSNET is held by the Tata Institute of Social Sciences Mumbai, TISSNET paves the way for admission to its Master’s programs in management offered at the various campuses.

I have listed few for references. There are multiple other institutes you can look. Please zero down on one so that it will further help to focus on one.

Other tips-

Understand the Exam Pattern: Familiarize yourself with the exam pattern, which includes sections such as Quantitative Aptitude (QA), Data Interpretation and Logical Reasoning (DILR), and Verbal Ability and Reading Comprehension (VARC). Understand the marking scheme, time allocation, and the number of questions in each section.

Gather Study Material: Collect study material, including textbooks, reference books, previous years' question papers, and online resources. Some recommended books for CAT preparation are:

Quantitative Aptitude for Competitive Examinations
How to Prepare for Data Interpretation for CAT
Verbal Ability and Reading Comprehension for CAT
Create a Study Plan: Develop a structured study plan that covers all the sections and allows for regular practice. Allocate time for each topic, focusing on your weaknesses while maintaining a balance across all sections. Set realistic goals and track your progress.

Practice Mock Tests: Regularly practice mock tests to assess your performance, identify weak areas, and improve time management. Analyze your mistakes and work on improving them. Joining a test series or using online platforms that offer mock tests can be beneficial.

Join Coaching Classes (optional): Consider joining coaching classes if you feel you need additional guidance and a structured approach to your preparation. Coaching institutes provide expert faculty, study material, and a competitive environment. However, self-study with proper dedication can also yield good results.

Stay Updated and Practice Current Affairs: Stay updated with current affairs and business news as they form an essential part of the exam. Read newspapers, follow news websites, and magazines to enhance your knowledge of current events.

Focus on Conceptual Clarity: Understand the underlying concepts of each topic and focus on building a strong foundation. This will help you tackle complex problems effectively. Practice regularly to improve speed and accuracy.

Develop Time Management Skills: Time management is crucial during the exam. Practice solving questions within the given time limits. Learn to prioritize questions based on difficulty levels and allocate time accordingly.

Improve Reading and Comprehension Skills: Enhance your reading speed and comprehension skills to perform well in the VARC section. Read newspapers, magazines, and books regularly to improve your vocabulary and comprehension abilities.

Stay Motivated and Maintain a Healthy Lifestyle: Preparing for entrance exams can be challenging, so it's essential to stay motivated and maintain a positive mindset. Take regular breaks, exercise, and get enough sleep to stay focused and energized.

Hope this helps. All the best

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

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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

...Read more

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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