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Geology Student Seeking Marine Internship: What Topics to Focus On?

Rajesh Kumar

Rajesh Kumar Singh  |22 Answers  |Ask -

IIT-JEE, GATE Expert - Answered on Dec 24, 2024

Rajesh Kumar Singh is a mining engineer with 28 years of work experience.
During his career, he has served as the head of the mining department and as vice president of Balasore Alloys. He is currently a visiting professor at Mewar University where he teaches BTech students.
Rajesh Kumar topped his batch in BTech mining from BIT, Sindri.
A gold medallist, he has cracked the GATE (Graduate Aptitude Test in Engineering) twice -- in 1993 and 1994 -- with an All India Rank of 14 in 1994.
He has also cleared the Indian Institute of Corporate Affairs (IICA) Independent Director Test.... more
Asked by Anonymous - Jun 07, 2024Hindi
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I am interested in trying out the marine geology field, mainly the plate tectonics and all. And i have no past experience in marine field , but i am a geology ug student. I would like to start out with internship, which also i have no previous experience. In what topics should i start doing internships, I am willing to do at any institutions, i amonly interested in and is new to this marine field. As a beginner, what types of topic should I do in my internships?

Ans: Complete PG in applied Geology. Wadia institute is good for tectonics. Try Nationl institute of ocean Technology.
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Ans: You have asked many questions. I am trying to answer those. To become a Marine Engineer, you can do master's degree from IITs. Madras IIT is the best option in India. For that you have to give GATE. As a marine engineer, one of the primary career paths is working in the Merchant Navy, where you’ll be responsible for the operation and maintenance of ship machinery. But it is not white color job like software engineering, and you have to be physically and mentally strong. Marine engineers in the Merchant Navy can earn a substantial salary, particularly at senior levels (e.g., Chief Engineer). However, entry-level positions might start lower, with significant increments as you gain experience. The job market in marine engineering can be volatile, influenced by global trade, oil prices, and geopolitical events.

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Insurance, Stocks, MF, PF Expert - Answered on Dec 24, 2024

Asked by Anonymous - Dec 24, 2024Hindi
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Hello i am almost 30 now I have invested around 40 lakhs in Market (mutual funds plus equity) 6 lakhs ppf maybe 2 lakhs pf I have parental property of combining around 2.5cr I have my parents helath insurance from a private insurance company, also covered by cghs health scheme,so no major worries about health expenses, for me i have 10lakhs health insurance Apart from this we have family pension also. As of now overall i have a monthly income of around 2-2.25 lakhs. I have a car a bike a scooty all valid for next 8-10 years What should be my goal amount for the retirement, i want it as early as possible As per the current scenario i am assuming i will live max till 75 years age. As of now i can invest 80-90k per month Yet to be married i assume i need atleast Lakhs per month as of now What should be the ideal amount with which i can retire
Ans: Hello;

Hope you have adequate term life insurance for yourself.

You may start a monthly sip of 90 K in a combination of pure equity mutual funds.

After 10 years your sip and lumpsum investment will grow into sums of 2.09 and 1.24 Cr respectively.

This adds upto 3.33 Cr. If you add your ppf and EPF corpus then this should add upto a sum of around 4 Cr.

If you invest this corpus in a conservative hybrid debt fund and do a SWP at the rate of 3.5%, you may expect a post tax monthly income of
1 L+.

As you get married your expenses will rise as also the need to plan for various other goals.

Therefore the decision to retire from regular 9-6 job should be backed up with alternate business plan or such other plan to monetize your hobbies that may yield income over atleast next 10-15 years.

Best wishes;

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