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Data Science MTech in the US: Can I Find Scholarships?

Sushil

Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on Jul 01, 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
Ritu Question by Ritu on Jun 07, 2024Hindi
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Hello Sir...my son wants to do.mtech from Us..in data Science.Can u suggest good colleges with scholarship program.

Ans: Hello Ritu. First and foremost, thank you for reaching out to us. The world is awash with data, waiting to be harnessed and transformed into meaningful insights. It’s great that your son is interested in pursuing an MTech in Data Science in the USA. Some top universities in the USA known for their strong M.Tech programs in Data Science with scholarship opportunities include MIT, Stanford University, Carnegie Mellon University, UC Berkeley, University of Washington, Harvard University, Georgia Tech, and UIUC.

For any further queries, please get in touch with us. We offer free counseling and have a team of expert counsellors who can guide you through any concerns or questions you may have.
Website- https://www.edwiseinternational.com/
You can follow us on our Instagram page - @edwiseint
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Sushil

Sushil Sukhwani  | Answer  |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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Nitin

Nitin Narkhede  |59 Answers  |Ask -

MF, PF Expert - Answered on Jan 23, 2025

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Hi Sir, I am retired and 63 years old. Having 50 lacs in equity.1.5 cr MF, 25 lacs in SCSS.expected landproperty sale of 4.5 cr also having own house and no education or marriage expenses of children. Medical insurance of 10 lack for me and wife. However intended to buy a residential property of 3 cr to get relax from capital gain post selling the land. And same will be given to daughter later. Need monthly expenses of 1.25 lack. Since market is too volatile. Kindly suggest way forward.
Ans: Dear Pralhad,
To manage your finances post-retirement and handle market volatility, allocate the ?4.5 crore from your land sale strategically. Use ?3 crore to purchase a residential property to save on capital gains tax and gift it to your daughter later. Allocate the remaining ?1.5 crore into ?50 lakh in SCSS for secure returns (~?16,000/month), ?50 lakh in RBI Floating Rate Bonds or POMIS (~?30,000/month), and ?50 lakh in balanced mutual funds for moderate growth. For your existing assets, keep ?25 lakh in SCSS and divide the ?1.5 crore mutual funds portfolio into 60% balanced advantage or hybrid funds for stability and 40% debt funds for steady income. Maintain 20-25% equity exposure (?50 lakh) in large-cap or dividend-yield funds for growth. Combined with a ?20-30 lakh emergency fund, this ensures a stable monthly income of ?1.25 lakh while safeguarding against market risks and providing for your family's future. Consult a certified financial advisor for personalized tax-efficient strategy
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

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