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MSc Finance Student Seeking PhD Path in Germany: What Steps Should I Take?

Prof Suvasish

Prof Suvasish Mukhopadhyay  |115 Answers  |Ask -

Career Counsellor - Answered on Nov 12, 2024

Professor Suvasish Mukhopadhyay, fondly known as ‘happiness guru’, is a mentor and author with 33 years of teaching experience.
He has guided and motivated graduate and postgraduate students in science and technology to choose the right course and excel in their careers.
Professor Suvasish has authored 47 books and counselled thousands of students and individuals about tackling challenges in their careers and relationships in his three-decade-long professional journey.... more
Asked by Anonymous - Oct 23, 2024Hindi
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Career

Hyy sir, iam student, currently studying msc finel year... After pg iam planning to do phd in Germany.... So can u guide the path

Ans: It's a very good decision. Are you a boy or girl. For girls education in Germany is totally free. Even for the boys it is comparatively cheap as compared to USA or Australia. But please have some knowledge about the German Language. That will be of great help to you. Best of luck. GOD BLESS YOU. Professor..............:)
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Sushil

Sushil Sukhwani  |555 Answers  |Ask -

Study Abroad Expert - Answered on Nov 24, 2023

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Sir/ma'am I am undergraduate holding an mbbs degree nd want to pursue MD from abroad in English medium from Germany.
Ans: Hello Vivek,

To begin with, thank you for contacting us. I am happy to hear that you already hold an MBBS degree and now wish to pursue a Doctor of Medicine (MD) degree abroad. To answer your question first, I would like to tell you that owing to the well-known healthcare system and top-notch education in Germany, pursuing an MD degree in the country can be a wise decision.

You would be glad to know that international students can choose from a vast array of English-medium MD programs offered in Germany. Nevertheless, the procedure may entail a few steps. To begin with, you ought to make sure that the relevant authorities in Germany acknowledge your MBBS degree. Remember that even though a number of MD programs in Germany are taught in the English language, you will be required to demonstrate your fluency in the language through appearing for tests viz., the TOEFL or IELTS. In addition, you might also need to demonstrate your ability to speak German. I would recommend that you conduct an all-round study and shortlist universities that offer Doctor of Medicine (MD) programs in order to select the one that best resonates with your interests, you should fulfill their unique prerequisites for admission. Not just that, I also suggest that you acquaint yourself with the financial considerations, guidelines for obtaining a visa, as well as any requirements to be met in order to practise medicine in the country (Germany) upon earning your MD degree.

I would like to tell you that enrolling in an MD program overseas calls for careful planning, comprehending the prerequisites, as well as requires you to adjust to a new academic and cultural setting. You will be able to gain exposure to a variety of medical practices, as well as widen your horizons in the field, thus, it offers an excellent chance for both, individual and career development.

For more information, you can visit our website.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

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

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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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