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Sushil

Sushil Sukhwani  |357 Answers  |Ask -

Study Abroad Expert - Answered on May 07, 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
Asked by Anonymous - Apr 23, 2024Hindi
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Hello My Daughter pursuing B.A Psychology Hons from Lady shri Ram college Delhi University and her keen interest to become clinical psychologist and targeting to pursuing M.phil from Nihmans Bangalore. Is it correct strategy? Every one targeting to go abroad and pursue higher degree in Psychology, how you rate india's top noch institute vs abroad?

Ans: Hello,

To begin with, thank you for contacting us. I am happy to hear that your daughter is currently pursuing her Bachelor of Arts (Hons.) Psychology after which she intends pursuing Master of Philosophy (M. Phil.). To answer your question first, I would like to tell you that your daughter’s plan of studying a B.A. in Psychology Honours from Lady Shri Ram College, Delhi University, and then subsequently pursuing an M.Phil from NIMHANS, Bangalore, appears to be a sound one, especially if she aspires to be a clinical psychologist. You would be glad to know that both, Lady Shri Ram College and NIMHANS are prominent institutions well-known for offering high-quality psychology education.

When deciding whether to pursue a further psychology degree overseas or in India, I would like to tell you that both options have their merits and disadvantages.

Remember that students studying overseas gain exposure to a broad range of viewpoints, cultural backgrounds, and possibly state-of-the-art research facilities and techniques. Moreover, one’s horizons can be expanded and he/she can be offered significant global experience, which can prove beneficial in an interconnected world.

On the other hand, India also houses a number of prestigious universities, viz., NIMHANS, which are highly recognized for their proficiency in and contributions to the psychological domain. Remember that studying in India can provide students with knowledge of local surroundings, networks, and future job prospects in the nation’s healthcare and academic sectors.

Lastly, the decision should best resonate with your daughter’s personal as well as career objectives. If she intends working in India and participating in regional mental health initiatives, then I would like to tell you that pursuing a Master of Philosophy (M. Phil.) at NIMHANS could be a great option. On the other hand, if your daughter is interested in learning about varied cultures and possibly working overseas, then studying overseas might be a better option.

I would recommend that your daughter conducts a comprehensive study on both options, taking into account variables viz., her individual preferences, experience of the faculty members, possibilities for research, as well as the job opportunities. Not just that, in order to make an educated choice that best resonates with her ambitions, I would suggest that your daughter seeks counsel from industry professionals, instructors, and alumni.

For more information, you can visit our website.
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Sushil Sukhwani  |357 Answers  |Ask -

Study Abroad Expert - Answered on Oct 16, 2023

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good evening sir,my daughter is doing BA - as she has very deep interest in psychology subject she want to do master in psychology from abroad please guide which university/country to do ?
Ans: Hello Chandrashekharnaidu,

To begin with, thank you for contacting us. I am happy to hear that your daughter is currently pursuing her Bachelor’s of Arts and intends to further pursue her Master's in Psychology overseas owing to her deep interest in the subject. I would like to inform you that several aspects, viz., your daughter’s particular interests, the cost, as well as her professional ambitions play a key role in deciding on a university and country to pursue a Master's degree in Psychology overseas. To answer your query as to which country would be ideal for your daughter to pursue her Master's in Psychology, I would like to tell you that the UK, Australia, the USA, Netherlands, and Canada are well-regarded for the programs in psychology. Coming to universities, I would like to inform you that the University of Cambridge and the University of Oxford in the UK are well-known. At the University of Melbourne in Australia, robust Psychology programs are offered. Moreover, excellent programs are offered at Stanford University, Harvard University, and Yale University in the USA. Robust programs in Psychology are also offered in the Netherlands, particularly at the University of Amsterdam. In Canada, the University of Toronto is one of the popular choices.

At the time of deciding where to study, I would recommend that you daughter looks into the various possibilities for scholarship as well as takes into account the culture and location. Lastly, in order for your daughter to make an educated choice, the programs that the above mentioned universities have to offer, her personal choices as well as the funding sources should be taken into account by her.

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Sushil Sukhwani  |357 Answers  |Ask -

Study Abroad Expert - Answered on Apr 23, 2024

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Dear Sushil, My daughter ( only child) is doing her final year from Amity -Mumbai, Bsc-Clinical Psychology. She wants to go abroad .Which will be good country. What will be the Expenses and whether the career has scope abroad.
Ans: Hello MANOJ,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is pursuing the final year of her Bachelor of Science (BSc) in Clinical Psychology and thereafter, wishes to pursue higher studies overseas. To answer your question first, I would like to tell you that a number of variables viz., your daughter’s interests, the budget, the preferred field of psychology she intends specializing in, and her professional objectives, play a key role in deciding on a country to pursue higher studies and a career in clinical psychology. Concerning your question, I would recommend that she considers the following:

The USA is home to prestigious universities that offer outstanding clinical psychology programs. Nevertheless, costs can be high, including living expenses, tuition fees, and healthcare. Although assistantships and scholarships are available, they are highly competitive. You would be glad to know that the job prospects in the USA is enormous with opportunities in research, diverse healthcare environments, academia, as well as patient care. Next, coming to Canada, the country’s top-notch instruction and multicultural setting is well-regarded. Remember, in comparison to the USA, expenditures may be comparatively lower. However, it still calls for proper financial planning. Offering possibilities in academia, research, and practice, clinical psychology is a legally regulated profession in Canada. Universities in the UK offer exceptional programs in psychology. I would like to tell you that based on the location and the university opted for, costs may differ. Possibilities for research, teaching, and clinical practice, are offered by the country. Nevertheless, bear in mind that post-Brexit visa rules could have an impact on overseas students. Noteworthy programs in psychology are offered by universities in Australia. Remember that although expenditures can range from low to high, scholarships are available. Offering possibilities in research, clinical practice, and other mental health services, in Australia, clinical psychology is a legally regulated profession. Coming to Netherlands, the country is renowned for its advanced approaches to psychology and mental healthcare. Programs in the Netherlands are often taught in English, and tuition fees for overseas students are relatively cheaper. The employment opportunities include research, clinical practice, and policy development.

Prior to deciding on a country, I would suggest that your daughter conducts an extensive study on the visa prerequisites, demand in the labor market, licensing procedures for practicing psychologists, as well as the cultural aspects pertaining to each country. Not just that, she should also acquire counsel from professional advisors or educational counselors, as well as get in touch with experts in the field of her choosing.

For more information, you can visit our website.

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Archana

Archana Deshpande  |36 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on May 19, 2024

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I have completed my B.E in Mechanical in 2021. But jobless till now due to many factors such as following: 1)Due to family issues 2)Low Salary packages inspite of longer distance travelling to office 3) Slow growth in the establishment 4) preparing for govt jobs No I am fed up with all above things... What to do ?
Ans: Hi!!
Syed, you are asking me what to do, here are my suggestions-
1. have clear goals with respect to your job
2. you have listed so may reasons for not taking up a job, now find a few reasons to take a job - your self respect, your own money to spend are some I can think of
3. it's very easy to quit a job, find reasons to stay
4. invest in your physical and mental well being, a clam and collected mind will take better decisions
5. I really won't say slow growth in an organisation, if I had finished engineering in 2021 and it is middle of 2024 now
6. preparing for Govt Jobs is a good idea, look into doing this thing well if you are really serious about it
7. give your 100% in everything you do Syed!! Let there be energy, enthusiasm and excitement in your search for a job, it's your life, take charge of it and see how you want it to unfold. Do all that which is in your control
8.you get fed up when you don't see progress and not celebrate your wins however small they may be! Every step you take towards your goal, pat yourself on the back, be your greatest cheer leader
9.do not compare yourself with others, compare only if you feel inspired
10. focus on your well being and happiness
11. take up a job and do well there, it is better to do a job than to sit idle or
12. look to upskill in an area you want to work, look for job oriented courses
13. seek help if need be

All the very best!!

...Read more

Archana

Archana Deshpande  |36 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on May 19, 2024

Asked by Anonymous - Apr 17, 2024Hindi
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Hi, I have worked in reputed corporate company for 3 years as Data Integration Analyst and due to burnout I took a break for 1 year 2 Months. Now I want to get back to IT, however I am not getting sufficient call backs from HR. I would like to know do I have chance to get into IT again with this gap? kindly help
Ans: Hi!!
Congratulations on taking a break because you felt exhausted and recognised a need for a break! You prioritized your well being, good. Not many have the courage to do this and the support system that allows them to do this. Count your blessings!!

I am splitting my answer into two parts..

Part A: Ask yourself - "why did this burnout happen?", write them down, analyse and ensure it doesn't happen again.

Part B: Tell yourself - "1 and a 1/2 years break is a very small gap in a lifetime". I would have loved to know how you utilized and spent this 1 and a half years. This is for everyone who is taking a break, take a break but use your time wisely to learn a skill, volunteer, travel... it has to be action oriented and not just sleeping and wasting your time, do all those things that you could not do because of your job! When on a break focus on your physical, mental, emotional and spiritual areas of your life. Let the blossom.

If you want to stick to IT industry then keep looking, you'll find what you want. Ask for help from seniors and people you know to get you back into the job market. Ask and don't be afraid of hearing a NO, don't take a "no" personally. Ask and you shall seek. Meanwhile keep learning skills to up your prospects in whatever areas you want to work.

All the best!!

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Archana

Archana Deshpande  |36 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on May 19, 2024

Asked by Anonymous - Mar 20, 2024Hindi
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Hi Sir/ Ma'am. I am Venkatesh, and currently employed as a Territory Manager at a reputable NBFC. I am writing to seek your advice regarding a recent job offer I received from ICICI Bank. I was approached by ICICI Bank with a competitive compensation package, which prompted me to consider a potential switch. However, my current employer made a counteroffer to retain me by offering a salary correction. I accepted their offer and continued working with them. Unfortunately, due to some discrepancies, the Reserve Bank of India (RBI) has imposed a ban on our operations. This has caused significant concern for myself and my team members about our future prospects. In light of this situation, I kindly request your guidance on whether it would be advisable to stay with my current employer in the hope of things improving or to pursue the job opportunity search. I would greatly appreciate your insights and advice on this matter.
Ans: Dear Venkatesh!

I can totally understand you predicament. You made choices about ICICI and your NBFC reputed firm. Don't look back at all and don't beat yourself about the choice you made. I am sure you made an informed choice weighing all pros and cons. This is life happening ... RBI ban and all that...it is not because of you and it not under your control. How you respond to the challenge and emerge a winner is all that you have to see. You are a loyal employee so you informed before quitting and they didn't want you to leave because they valued you. It was a WIN-WIN for both of you. It's time to weigh your pros and cons again and take an informed decision and create a WIN WIN. I wish your company gives you all a clear picture and be open about your future, it's the worst situation when a company keeps their employees hanging like this. See if you can talk to a senior(or people)you can trust and ask him clearly what to do! Take opinions from people around and make an informed choice. Meanwhile, you create your goals for the future- your financial goals, family goals , goals in all areas of your life and see whether your goals will be met by sticking to the company or looking for a job elsewhere. The way you say ICICI approached you and then your company tried to retain you, you are a man with great potential and integrity. This time around look for solutions that suit you , your goals and your family!!
All the very best!!

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Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

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I am running few SIP. My nominee is my son who lives in Europe. My question is if I die , in future can my NRI Son run the SIPs in his name
Ans: Yes, in most cases, your NRI son can run the SIPs in his name if you die. Here's how it typically works:

Nominee Inheritance: Since you've nominated your son, upon your death, he will be the legal heir to the SIP units.
Account Transfer: Your son will need to contact the Asset Management Company (AMC) managing the SIPs with the necessary documents proving his nominee status (death certificate, nominee form etc.). The AMC will then initiate the process of transferring the SIP accounts to your son's name.
Points to Consider:

Account Type: The process might differ slightly depending on whether the SIP account is held jointly or singly.
Tax Implications: There might be some tax implications depending on the type of SIP (equity or debt) and the country of residence of your son. It's advisable for your son to consult a tax advisor in his country of residence for any potential tax liabilities.
Here are some recommendations:

Contact AMC: Get in touch with the AMC managing your SIPs for their specific nominee inheritance and account transfer procedures. They can provide the most up-to-date information.
NRI Regulations: Advise your son to familiarize himself with any regulations specific to NRIs inheriting financial assets in India.
By following these steps, your son should be able to claim and manage the SIPs smoothly after your passing.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2636 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 19, 2024

Asked by Anonymous - Apr 24, 2024Hindi
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I am 55 years old and I will retire at the age of 62 years. I am under NPS and so far my NPS corpse is Rs. 1crore and I have MF of Rs. 25lakhs. I have been doing SIP of Rs. 20000/- for the last 10 years. Currently my sip amount is Rs.45000/- per month. My NPS tire 1 contribution is Rs. 67000/- per month. Are these enough for my retirement purpse ?
Ans: Firstly, let me commend you on your diligent efforts towards planning for your retirement. It's essential to evaluate your current financial position and assess if your savings and investments align with your retirement goals.

Evaluating Existing Retirement Corpus
NPS and Mutual Funds
Your NPS corpus of Rs. 1 crore and MF investments of Rs. 25 lakhs signify a significant portion of your retirement savings.
It's commendable that you've been consistently investing through SIPs over the past decade, demonstrating discipline and foresight.
Monthly Contributions
Your current SIP of Rs. 45,000 and NPS Tier 1 contribution of Rs. 67,000 per month reflect a substantial commitment towards retirement planning.
Regular contributions over an extended period can potentially lead to significant wealth accumulation over time.
Analyzing Retirement Adequacy
Consideration of Retirement Expenses
To determine if your savings and investments are sufficient for retirement, it's crucial to estimate your post-retirement expenses.
Consider factors such as living expenses, healthcare costs, inflation, and any additional financial commitments.
Retirement Income Sources
Apart from your NPS and MF investments, assess other potential sources of retirement income, such as pension benefits, annuities, rental income, or passive income streams.
Diversifying income sources can provide stability and resilience during retirement.
Conducting a Retirement Gap Analysis
Retirement Corpus Estimation
Estimate the corpus required to sustain your desired lifestyle and meet financial goals during retirement.
Consider factors like inflation, life expectancy, healthcare expenses, and any outstanding liabilities.
Assessing Shortfall or Surplus
Compare your estimated retirement corpus requirement with your existing savings and investments.
Identify any shortfall or surplus to determine if adjustments are necessary in your savings strategy.
Recommendations for Retirement Planning
Review and Adjust Strategy
Regularly review your retirement plan and make adjustments based on changing circumstances, financial goals, and market conditions.
Consider consulting with a Certified Financial Planner (CFP) for personalized advice tailored to your specific needs and objectives.
Explore Additional Retirement Avenues
Explore opportunities to enhance your retirement savings, such as voluntary contributions to NPS, tax-saving investments, or retirement-oriented mutual funds.
Ensure a diversified portfolio mix aligned with your risk tolerance and investment horizon.
Conclusion
In conclusion, while your current savings and investments demonstrate a proactive approach towards retirement planning, it's essential to conduct a comprehensive analysis to ensure adequacy. Regular monitoring, prudent asset allocation, and strategic adjustments can help you achieve your retirement objectives with confidence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...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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