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Patrick

Patrick Dsouza  |838 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on May 16, 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 - May 03, 2024Hindi
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Career

Hello sir , I have just secured 94% in MAT 2024 I am confused which college to choose for MBA in finance with good ROI

Ans: There are not many good colleges that take up MAT as an entrance test. But can try the following
Dalmia - Mumbai
SIES - Mumbai
Birla Institute
Amity Noida
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Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Apr 25, 2024

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My son completed his B.Tech Mechanical but he is in Data science field. He wants to do MBA, Finance from USA. Can you please recommend a good college and it's admission procedure.
Ans: Hello Levin,

First and foremost, thank you for getting in touch with us. I am happy to hear that your son has completed his Bachelor of Technology in Mechanical Engineering and is currently in the field of Data Science. To answer your question first, I would like to tell you that changing from mechanical engineering to data science and then pursuing an MBA in Finance demonstrates a diversified skill set and drive. I would recommend that your son takes into account the following steps:

Firstly, he should investigate MBA programs in the USA with strong finance specializations and a track record of admitting students from a variety of academic backgrounds. Stanford Graduate School of Business, the Booth School of Business at the University of Chicago, Harvard Business School, and The Wharton School at the University of Pennsylvania are a few well-known finance schools that your son can consider applying to. Next, remember that the admission prerequisites for each MBA program will be unique. These typically entail academic marksheets, GRE or GMAT test scores, essays or personal statements, endorsement letters, and at times an interview. While other programs may accept recent graduates, some may demand professional experience. Thirdly, although your son doesn’t have a formal background in finance, drawing on his experience in data science and mechanical engineering he can display problem-solving skills, analytical abilities, and a strong foundation in quantitative methods, all of which are highly sought-after in the finance industry. Bear in mind that either GRE or GMAT scores are required by the majority of MBA programs. In order to attain a competitive score, I would suggest that your son begins studying for the exam well in advance. A number of resources viz., practice tests, study guides, and prep courses are accessible. As the next step, your son should create an appealing application. Remember, to prove your son's interest in finance and possible success in an MBA program, the endorsement letters and application essays are important. Your son should talk about his professional objectives, how an MBA best resonates with his plans, and what unique viewpoint he brings to the table. I would like to let you know that unique courses or dual-degree possibilities that integrate finance with other subjects viz., analytics or technology are offered by certain MBA programs. For individuals with experience in both data science and engineering, these programs may be well-suited. As the next step, your son should look into possibilities for scholarship and monetary assistance opportunities that MBA programs offer. In addition, he should also investigate external scholarships specifically designed for students pursuing finance-related degrees. Remember that during the MBA application process, building connections can be beneficial, and therefore, I would suggest that your son gets in touch with students who are currently enrolling in, or past graduates of the programs he’s interested in, in order to learn about their experiences and possibly even find a mentor.

Bear in mind that the MBA application process might be competitive, and thus, your son should step forward with utmost effort and determination and highlight his particular abilities and experiences. I wish him all the best as he embarks on his journey to pursue an MBA in Finance in the USA.

For more information, you can visit our website.

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Milind

Milind Vadjikar  |542 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 31, 2024

Milind

Milind Vadjikar  |542 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 31, 2024

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Sir My Age is 38 Now. Running Business In Pune city. Below are the My Assets & Liabilities. Current Values - Assets. Own Industrial Plot - Rs. 2.0 Cr Business Income Yearly Rs. 24.00 Lack Own Company Investment ( Machinery, Debtors Etc ) - Rs 2.40 Cr Mutual Fund & Share Market Investment Rs. 2.10 Cr Bank FD - Rs. 50.00 Lack Own 3 Flats in Pune - Rs. 75 lack, 50 Lack & 35 Lack ( Current Values ) Golds - Rs. 25.00 Lack Land - Agriculture - Rs. 50.00 Lack Term Insurances - Rs. 20.00 Lack ( Till Date Premium Paid ) Labilities. House Loan - Rs. 30.00 Lack ( EMI 26500.00 PM ) Loan will close after 17 years. Car Loan - Rs. 6.35 lack ( EMI 12500.00 PM ) Loan will close after 5 years. This Assets & investment sufficient for maintain 7 family members Expenses after retirement ? ( 4 Adult + 3 Children (Below 5 Years) ). I will retire at the age of 45.
Ans: Hello;

What is the expected monthly rental from industrial plot and machinery?

Are you currently occupying one of the flats mentioned here or are all of them given on rent?

Also your term life insurance is very low. You should have minimum term insurance cover of 2.4 Cr.

You have good assets in agri land, industrial land, gold, real estate but they are relatively illiquid when need arises hence term insurance cover with riders for critical care and accident benefit are an absolute must!

Considering the home loan tenure of 17 years and 3 small kids in the family to be supported for education and decent lifestyle, I am not sure if you can retire in 7 years timeframe from now.

However I would appreciate your reply to my queries above, before I give my firm view about your retirement in 7 years timeframe.

Best wishes;

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Radheshyam Zanwar  |1013 Answers  |Ask -

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Asked by Anonymous - Oct 30, 2024Hindi
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I have around 1 crore to invest. I am 61 years old retired defence officer and pension amounting to around ?1,50,000/- per month and medically covered. Need some sound investment plan for 1 crore. Don't have any liabilities?
Ans: Hello;

You may invest your corpus into following two funds in proportion of 50:50,

1. Kotak Arbitrage fund (low risk)
You may consider modest return of 6% from this scheme.

2. ICICI Pru equity savings fund (low to moderate risk). You may consider modest return of 8% from this scheme.

Theses investments will retain purchasing power of your corpus aginst inflation and deliver some real returns too with low to moderate risk.

This is in accordance with your age and commensurate risk appetite.

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...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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