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Patrick Dsouza |1063 Answers |Ask -Follow

CAT, XAT, CMAT, CET Expert - Answered on May 09, 2025

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 09, 2025

Career

Dear Sir/Mam, I have MBA in Finance and Marketing in 2013 from LPU, punjab.I am working from 10 years with Rural Development Department as programme Executive not concerned with finance properly.Now I am studying PGDM in Project Management with distance education from MIT,pune.My question is that what should have to do for future career growth. Requested to please suggest me which carrer path i should be acquired.

Ans: Career path will depend on your interest. One option is to do Executive MBA from one of the top colleges. Check their placements before you join. Second option is to contact placement agency to find what skill sets are required to get a job in the area of your interest and do some short term course relevant to that. Simultaneously you can keep looking for job.

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Patrick Dsouza |1063 Answers |Ask -Follow

CAT, XAT, CMAT, CET Expert - Answered on May 23, 2024

Asked by Anonymous - May 17, 2024Hindi

Career

Hi sir, I am working as a Marketing Manager in a public sector bank and have experience of 5 years. Also holds an MBA degree in Marketing and Operations. Having worked in Retail loan and MSME loan department what are the possible career options where I can switch for better career growth where My experience in banking, finance, marketing, etc could be used. Thanks in advanced.

Ans: Usually people who work in Banks remain in Banks and you would have better growth opportunities there. So look at option of applying to MNC Banks or other private Banks as you would have higher chance of being absorbed at a higher designation and pay.

Latest Questions

Nayagam P P |5068 Answers |Ask -Follow

Career Counsellor - Answered on May 25, 2025

Asked by Anonymous - May 24, 2025

Career

Any idea abt the campus life in manipal main campus? Any info abt the gentry? Also what abt the facilities and infrastructure? Is it at all comparable to BITS? What abt the exposure req to further one's career? Does manipal have dat?

Ans: Manipal main campus offers a lively, cosmopolitan environment with a diverse student population and a healthy academic-social balance. Facilities are top-notch, including modern hostels, a vast library, advanced labs, and one of India’s best sports complexes. The campus is Wi-Fi enabled, eco-friendly, and designed for student comfort and productivity. Exposure to industry, research, and entrepreneurship is strong, with active placement support and numerous opportunities for career advancement. In terms of campus life, infrastructure, and opportunities, Manipal is fully comparable to BITS and stands among India’s best private engineering campuses for all-round development and future prospects. However, kindly be informed that it might not be suitable for some students. It would be beneficial to conduct further research about Manipal University Campuses in Southern India and its non-academic factors on platforms like Quora or Google and/or personally visit the campus before making a decision to join there. Have other back-ups too. All the best for your admission and a bright future!

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Nayagam P P |5068 Answers |Ask -Follow

Career Counsellor - Answered on May 25, 2025

Question by ADITI - May 24, 2025

Career

in CBSE boards (pcmb) Please tell which colleges are suitable for me?

Ans: Aditi, it depends on your career goals and the areas in which you have an interest. Please provide more details regarding your inquiry for a comprehensive response.

Dr Dipankar Dutta |1413 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on May 25, 2025

Asked by Anonymous - May 22, 2025

Career

Sir my son have 87%percentile in jee main and73% CBSE board what can Ido for cs branch

Ans: Apply to Good Private Universities (Accept JEE Score)
These universities offer CSE with decent placements and accept JEE scores:

Shiv Nadar University

UPES Dehradun

SRM (Main Campus – KTR) or SRM Ghaziabad

VIT Bhopal / VIT Chennai (based on VITEEE score also)

MIT-WPU Pune

NIIT University (Neemrana)

Amrita University (Coimbatore, Amritapuri)

Lovely Professional University (LPU) – for budget-conscious options

Manipal Jaipur

Dr Dipankar Dutta |1413 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on May 25, 2025

Asked by Anonymous - May 22, 2025

Career

Confused between CSE in KIIT Bhubaneswar and SRM KTR. Please help

Dr Dipankar Dutta |1413 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on May 25, 2025

Question by Susmita - May 22, 2025

Career

My daughter got CS with AI and ML at Chandigarh University, Manipal(Jaipur) and SRM KTR. Which is better ?

Ans: 1. SRM Kattankulathur (SRM KTR)
2. Manipal University Jaipur (MUJ)
3. Chandigarh University

Nitin Narkhede |77 Answers |Ask -Follow

MF, PF Expert - Answered on May 25, 2025

Asked by Anonymous - May 22, 2025

Money

My age 34 i have no job since last 10 yrs and have health problems from childhood. My mother has invested whatever money i earned 5 lacs in post office. She has invested 21 lacs mutual fund hers and mine name,8 lacs in lic single plans 20 lacs lic regular policies and 8 lacs sriram and ban deposits.i am covered under her lic medical since she retired from lic.what other way can she invest for me

Ans: Dear Friend,
Given your health and unemployment, your mother’s diversified investments in mutual funds, LIC policies, post office schemes, and fixed deposits provide a good safety net. To further secure your future, focus on low-risk options like senior citizen savings schemes, government bonds, and fixed deposits for steady returns. Consider health or critical illness insurance to cover medical expenses. Systematic Withdrawal Plans (SWPs) from mutual funds can provide regular income. Gold ETFs can add inflation protection. Prioritize safety and liquidity to ensure financial stability. Consulting a financial advisor for a tailored plan will help manage your needs better.

Nitin Narkhede |77 Answers |Ask -Follow

MF, PF Expert - Answered on May 25, 2025

Asked by Anonymous - May 23, 2025

Money

I am 42 years and My husband is 45, We both are running a Sofa manufacturing factory.We have 2 kids 1 is in grade 6 and another is 3.5 years old. We don't have any EMI,I have saved money to both of my children 6 lakhs each in FD. Myself and my husband have saved around 30 lakhs which we have kept in FD, we have health insurance and 5 lakhs I have invested in ICICI mutual funds. We have our own house, car which are EMI free. Since too much competition in Sofa industry gradually business has gone down . If we decide to close our factory how much money should I have in my account to lead happy and tension free retirement life or what should we do know to have a good life.

Ans: Dear Friend,
You're in a strong financial position—no EMIs, own home, and decent savings. At 42 and 45, with two young children, you still have 10–15 years to earn and build wealth for a peaceful retirement actively.
You're financially stable with ?30L in FDs, ?12L saved for kids, and ?5L in mutual funds. But if you plan to close your factory, assess alternate income sources or part-time work. To retire comfortably, aim to build a corpus of ?3–4 crore over the next 15 years through a mix of equity mutual funds (SIP ?50–70k/month), PPF, and targeted investments for your kids' higher education. Keep 1–2 years of expenses in liquid funds. Since you’re debt-free, focus on maximising savings and generating passive income to ensure a tension-free retired life.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Nitin Narkhede |77 Answers |Ask -Follow

MF, PF Expert - Answered on May 25, 2025

Asked by Anonymous - May 23, 2025

Money

Hi Financial Guru's I am 32 and my wife 30 years old (no kids) earning 4L/mnth and also we have 1.3L/mnth of rental income , total 5.3L/mnth post taxation We have a home loan of 2.2 cr currently for 29 years old at 7.5% intrest Our goal is to close the home loan and create enough savings to retire at the age of 45 without worrying about the study of a kid. We are expecting to spend 1L/mnth once we reach age of 45, Based on our current spends trend ( also adding the inflation and educational expenses of a kid) Please Advise us the mode and the amount required to save to achieve this target of ours before we reach 45. Currently we don't have any savings of our own in any form.

Ans: Dear Friend,
You have a strong foundation with a combined monthly income of ? 5.3 L and a clear goal to retire by 45. Prioritise building an emergency fund of ?10–15 L first. Then, the monthly surplus (after expenses and EMIs) will be split between aggressive investments (70% in equity mutual funds/SIPs) and moderate options like PPF or NPS (30%). Target building a retirement corpus of ?6–7 crore by 45, which can support ?1L/month inflation-adjusted expenses. Simultaneously, prepay your home loan aggressively—aim to close it in 10–12 years by channeling bonuses/rent. Use term/life insurance and plan for your child’s education via dedicated SIPs. Disciplined investing is key to achieving your goals. Advice is to meet a Financial Advisor and create your life and goal plan.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Nitin Narkhede |77 Answers |Ask -Follow

MF, PF Expert - Answered on May 25, 2025

Asked by Anonymous - May 23, 2025

Money

I recently got married. I have a corpus of 25 lacs in MF, 2 lacs in equity, 1 lac in gold and 1.5 in fd. Expenditure - 26k rent, 15k send to parents, 26k Emi for a 17.6 lacs loan, Investment- 18k per month in MF My take home is 1.65 lacs . I want to a buy a flat and a want to take a car around 10 -13 lacs.. Please suggest me how to plan it. Sson i want to plan baby as well

Ans: Dear Friend,
Congratulations on your recent marriage! You have a strong financial foundation and a healthy income.
You're financially stable with a solid income and existing investments. Before buying a flat and car, prioritize building a 3–6 month emergency fund. Limit total EMIs (existing + new) to under 45% of your take-home pay. Consider a flat within ?70L, using ?20L from your corpus and a ?50L loan. Buy the car only after finalizing your home purchase—opt for a 50% down payment and a short loan term. Start a small SIP for future baby-related expenses. You're on the right path—ensure you don't stretch your finances too thin by taking on too much debt at once.
A financial advisor is like a doctor of finance who suggests the required actions and helps you achieve your financial goals. So do not hesitate to consult a Financial Advisor.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Nitin Narkhede |77 Answers |Ask -Follow

MF, PF Expert - Answered on May 25, 2025

Asked by Anonymous - May 24, 2025

Money

I m 37yrs old i have 67 thousand per month salary i want to build a house and want to take home loan of 40 lakh I m confused it is my bad decision or good after all i have to pay a huge amount for 20yrs long time ..plz help

Ans: Dear Friend,
Taking a ?40 lakh home loan at age 37 on a ?67,000 monthly salary is a major financial decision that requires careful planning. Ideally, your EMI should not exceed 40% of your monthly income—around ?27,000 in your case. A ?40 lakh loan for 20 years at 8.5% interest would mean an EMI of approx ?34,700, which is over 50% of your income—this can be risky, especially if you have other expenses or no emergency fund.

Suggestion:

Reduce loan amount by saving more or choosing a smaller house.

Try for a co-applicant (like a working spouse) to improve eligibility.

Ensure you have a 6-month emergency fund before taking a loan.

Reconsider the timing or loan size if it strains your finances.
It’s not a bad goal—but proceed only if it fits your budget safely.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

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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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