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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Aug 09, 2023

Asked by Anonymous - Aug 08, 2023
Career

Hello....my son wants to go abroad either US, Canada or UK for undergrad BBA education. Mostly we are keen to send bcos he is average student and getting admission in India in any good college is difficult. Is it the right thought process, we are confused. Pls guide.

Ans: Hello,

First and foremost, thank you for contacting us. The fact that you are exploring choices for your son's education is excellent. Studying abroad can be a great experience, and it’s crucial to thoroughly consider the benefits and drawbacks of the same.
When determining whether your son should pursue an undergraduate BBA program overseas, keep the following aspects in mind:

1. Educational Excellence: Universities in the USA, Canada, and the UK offer excellent instruction and cutting-edge learning. Your son could have access to world-class instructors, resources, and opportunities that are not available in many Indian educational institutions.

2. Diversification and Exposure: Studying abroad exposes your son to new cultures, viewpoints, and ways of thinking, extending his horizons and boosting personal and professional development.

3. Networking Possibilities: Universities overseas frequently offer great networking chances with other students, faculty, and business people. His future professional life may benefit from these ties.

4. Employment Possibilities: International students are permitted to work after completing their education in some nations, such as Canada. This could be a good opportunity for your son to obtain international work experience and possibly settle in that country.

5. Challenges: It might be difficult to relocate to a new nation, especially for an average student. He'll need to acclimatize to a new educational system, culture, and perhaps a new language. It's crucial to think about how he'll respond to these difficulties.

6. Expense: Tuition, living costs, and travel expenditures can all add up to make studying abroad prohibitively expensive. Consider the financial factors and look into scholarship and financial aid assistance alternatives.

7. Admission Prerequisites: Getting into prestigious colleges abroad can be tough, just as admission may be competitive in India. Examine your son's eligibility by looking up the entrance standards for the colleges he is considering.

8. Various Alternatives: Investigate further alternatives in India. There are respected institutions in India that provide BBA programs, and some colleges collaborate with foreign institutions to offer exchange programs that could give students a worldwide experience.

9. Future Plans: Your son's long-term career aspirations should be discussed, as well as how studying abroad fits into those ambitions. It's critical to take a career that supports his goals.

The choice should ultimately be based on your son's preferences, skills, and long-term objectives. Include him in the decision-making process and urge him to look into and get in touch with current or former students or alumni of the school he's thinking about.

Consult educational professionals, attend informational workshops, and look into the universities and nations he prefers before making a decision. This guarantees a well-informed decision for your son's requirements and goals.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Jul 31, 2023

Asked by Anonymous - Jul 11, 2023
Career
My son wants to go for undergraduate in US. Please advise pros and cons. Thanks,
Ans: Hello,

First and foremost, thank you for getting in touch with us. With your son's interest in pursuing undergraduate education in the USA, it's critical that you understand the many benefits and downsides. Here’s a summary:

Pros:

1. Academic Excellence: Universities in USA provide excellent education and research opportunities, with degrees that are recognized worldwide.

2. Array of Options: The United States offers a wide range of academic programs and majors, allowing students to customize their education to their interests and future prospects.

3. Research Possibilities: Colleges in USA have well-funded research programs that allow students to partake in cutting-edge studies, work with renowned scholars, and earn priceless experience.

4. Build global networks: Study in USA allows your son to interact with students from many cultures, establishing a strong global network for future professional opportunities.

5. Career Opportunities: A degree from the United States improves career opportunities internationally since employers value the abilities and global exposure earned.

6. Extracurricular Activities: Extracurricular activities, clubs, and organizations at US universities often allow students to develop leadership abilities and pursue interests outside of academics.

Cons:

1. Exorbitant Price: International students studying in the United States endure higher tuition rates than domestic students, causing a major financial strain. Furthermore, living expenses, viz., housing and healthcare, add to the overall price.

2. Immigration and Visa Rules: Navigating the US visa procedure can be challenging and time-consuming. Your son must make sure he fulfills all the requirements and keeps up with any changes to the policy.

3. Culture Shock: Moving to a foreign country can be challenging, and your son might face culture shock. Getting used to a new environment, lifestyle, and social conventions takes time and patience.

4. Away from Home: For some students, being far from home can be emotionally stressful, particularly during significant events or trying times.

5. Competitive Admissions: Admission to prestigious US institutions can be fiercely competitive, and meeting the admission requirements can be a challenging procedure.

6. Medical Insurance: In the US, health insurance is mandatory, but it may also be pricey. Understanding coverage and selecting the appropriate plan is critical for overseas students.

The decision to study in USA depends on your son's particular circumstances, academic interests, and professional objectives. Pursuing a US undergraduate education can be satisfying if he is passionate about a certain field and aware of the difficulties and opportunities. Making an educated decision requires research into colleges, programs, and scholarships.

For more information, you can visit our website.
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Mayank

Mayank Kumar  |179 Answers  |Ask -

Education Expert - Answered on Aug 17, 2023

Career
Hello Mayank. My son is currently in Class 12th Commerce (ISC). He has been an average student throughout. Basis of this we realise getting admission into any good college in India for BBA may be difficult. So we thought of sending him abroad, though we are a middle class business family. But i feel BBA is a very general degree to pursue in US, UK or Canada. We are confused. His SAT score is 1360 and IELTS 8.0. Predicted 12th scores would come around 80%. Pls guide whether we should think of abroad. Thanks.
Ans: Thanks for writing to me, Vikas. Congratulations on your son's SAT score. As a general rule, a BBA with a specialisation is substantially sought-after across global markets, especially because of emerging specialisations, majorly tech-infused. In fact, most skilled migration lists for major study abroad destinations prioritise accounting, project management, business analytics, etc. and promise an expedited integration into their country's workforce. That said, your son's academic and career aspirations remain a cornerstone for my final advice. Overall, a high school score of 75% and above along with this SAT score should get him into the Top 50 US Schools. Alternatively, to help your son ease into academic rigour, you can also try and connect with our Study Abroad team at upGrad before making a sound decision. They can help you understand how can your son pursue the initial year of undergrad coursework in India and move to higher-ranked schools in the subsequent year.
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Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Asked by Anonymous - Sep 14, 2023
Money
Sir, I just retired from my service @60yrs. I will get my PF+other fund ₹50L. Please advice how to invest the amount so that my principal not disputed and I can get ₹30,000 pm for my monthly expenses. My family of 2 persons are covered ₹50L health insurance. Regards
Ans: Considering your age and your requirement, you will need to invest in a mix of debt and equity instruments. Here are some investment options available to you:-

• Senior Citizens’ Savings Scheme (SCSS) – This is a pure debt instruments and provides guaranteed returns of 8.2% per annum. The interest is paid quarterly. The maximum amount that you can invest is Rs. 30 Lakhs.

• Corporate FDs – It provides you return more than the regular bank FDs. It contains two options i.e. cumulative and non-cumulative.

• Post Office Monthly Income Scheme (POMIS): This is another government-backed scheme that offers guaranteed monthly income. The current interest rate is 7.1%.

• Debt Mutual Funds: As your main concern is to protect the principal amount you may consider debt funds and monthly income can be achieved through the route of SWP (systematic withdrawal plan).

• Equity mutual funds: Equity mutual funds offer the highest potential returns, but they are also the riskiest. A small portion of the amount can be invested in the equity mutual funds for growth of the money in the long-term horizon.

It is good to know that you are adequately insured for any healthcare emergency.

Your requirement of Rs. 30,000 will be changing in the future due to inflation, hence you should consult with your financial advisor for a proper increasing income or SWP (systematic withdrawal plan) which can help you to ensure sufficient amount available for your monthly expenses.
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Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Money
Hi Sir, I worked a small level company between 01.02.2018 to 30.04.2021. They paid standard EPF contribution of Rs. 1800/- from my side they deducting the same of Rs. 1800/-. After I exit the company I applied the EPF Withdrawl (both contribution) on 06.05.2023 and it was rejected by the officer and the reason was mentioned "Claim Rejeced EQUAL SHARE 07/18". The Employer deposit the July 2018 share in wrongly i.e. The deposited Rs. 1800/- in Employee Share and Rs. 1800/- employer Share and Pension is " 0 ". instead of Rs.1800/- as employee, Rs. 550/- as Employer and Rs.1250/- as pension contribution. When I sent a 2 continues mail to EPF they taking my query as a grivience and sent a query to the employer. But Still they not close the issue. How to I approch them to clear my claim. Because there is no mistake from my side. Thanks in Advance. Narayanan
Ans: I understand that your EPF withdrawal claim has been rejected due to an error in your employer's contribution. This is frustrating, but it is important to remember that you are not alone. Many people experience problems with their EPF claims, especially when their employers make mistakes.

When filing a grievance, be sure to provide clear and concise information about the issue. You should also include any relevant documentation, such as your EPF statement and the revised Form 11 from your employer (if you have one).

Once you have filed a grievance, the EPFO will investigate the matter and try to resolve it. This process can take some time, but it is important to be patient.

Here are some additional tips:

• Keep track of all your communication with the EPFO. This includes emails, phone calls, and visits to the office.
• If you are not satisfied with the EPFO's response, you can escalate the issue to the regional or national level. You can also mail on employeefeedback @ epfindia.gov.in for the redressal of your grievance.
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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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