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MCA from IGNOU: Is it good for a mechanical engineer mom?

Patrick

Patrick Dsouza  |789 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Aug 28, 2024

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
Gauri Question by Gauri on Aug 28, 2024Hindi
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Namaste. I'm a mechanical engineer graduate now seeking admission to MCA. Since I have a 2 year old baby I am not able to pursue MCA in regular mode. So, I am thinking of doing it from IGNOU. So, is it okay to do an MCA from IGNOU as far subject knowledge and employment opportunities are concerned?

Ans: Full time course in colleges which provide placements would obviously be a better option to get good job. Alternately you can do correspondence MCA but simultaneously try and get relevant work experience so after doing MCA a relevant work ex would help to get a better job.
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Sushil

Sushil Sukhwani  |549 Answers  |Ask -

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Asked by Anonymous - Sep 25, 2023Hindi
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I want to send my daughter to study MS inUSA. She completed her BSc in Mysore university with 7.9 GPA. main subjects are Physics, Mathematics, computer science. She like Computer Science and secure more than 8.5 in all semesters. Now decided to do MCA . in karnataka. whether she able to get seat fr MS in abroad after her MCA or which coarse she must do to get seat.. pls suggest
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is currently pursuing her Master’s in Computer Applications in Karnataka, after which you wish to send her to the USA to pursue a Master’s degree there. I would like to inform you that your daughter stands a decent chance of securing a seat for an MS program in the United States on completing her Master’s in Computer Applications. As the first step, I recommend that your daughter conducts an extensive study and choose American universities offering Computer Science Master’s programs. Your daughter should take into consideration her educational and research pursuits and opt for those universities that best match with those interests. She could further enhance her changes of securing admission to a good Master’s program. For that, I recommend her to enrol in pertinent programs in Computer Science while still pursuing her MCA (Master’s in Computer Applications). Furthermore, to showcase her passion and abilities in the field of her choosing, I strongly believe that she should start interning at companies or be a part of research initiatives. Foreign students wishing to enrol in Master’s programs at universities in the USA are required to appear for standardized exams viz., the GRE. To increase her chances of getting accepted to these programs, I recommend that your daughter should study well as well as try to achieve high scores in the exam. As part of the application process, foreign universities also require international students to prove their English speaking abilities. This can be achieved through appearing for English proficiency tests viz., the IELTS or TOEFL. I suggest that your daughter prepares for and appears for these tests in order to fulfill the linguistic prerequisites set forth by these universities.

Your daughter will need to submit important documents including a compelling Statement of Purpose and Recommendation Letters from faculty members who can attest to her academic capabilities and character. Submitting these, I believe could possibly boost her application thereby making her a perfect fit for the Master’s degree in Computer Science or any other associated discipline. In addition, she may also need to appear for interviews which is part of the process of applying to certain universities. I suggest that she prepares well for the same by researching common interview questions and planning her responses to those queries. Although studying overseas is a costly affair, multiple grants, scholarships, and financial aid opportunities are offered by universities to international students. Your daughter should look into the available options. I recommend that you constantly check the admission prerequisites and application deadlines of each university as they vary. On receiving a Letter of Acceptance from the university applied to, your daughter will then need to obtain a valid student visa to study in the United States. She should apply for a F-1 visa. Familiarize yourself with the visa processes as well as the prerequisites.

Planning on sending your daughter to the USA for a Master’s degree is an excellent choice. However, keep in mind that securing admission to the same can be cut-throat, and for that reason I recommend that your daughter studies hard to achieve success.

For more information, you can visit our website.

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Milind

Milind Vadjikar  |125 Answers  |Ask -

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**Subject:** Request for Investment Review and Future Corpus Estimation Dear Mr.Sunil, I hope this message finds you well. I wanted to review my current investment portfolio and seek your expert advice regarding the future growth potential, as I aim to build a corpus of at least INR 3 - 5 crores by the time my daughters turn 18 years old. Is this figure realizable? Here’s a breakdown of my current investments: 1. **Mirae Asset Large & Midcap Fund (Direct Growth)** – INR 5,000 monthly - Current value: INR 135,281 2. **Canara Robeco Small Cap Fund (Direct Growth)** – INR 10,000 monthly - Current value: INR 210,164 3. **Quant Small Cap Fund (Direct Plan Growth)** – INR 5,000 monthly - Just started; current value: INR 5,190 4. **ICICI Prudential Balanced Advantage Fund (Growth)** – INR 20,000 monthly - Current value: INR 583,113 5. **HDFC Balanced Advantage Fund (Growth)** – INR 15,000 monthly - Current value: INR 503,604 6. **SBI Balanced Advantage Fund (Regular Growth)** – INR 15,000 monthly - Current value: INR 321,491 7. **Sukanya Samriddhi Yojana (SSY)** – INR 50,000 annually for my 9-year-old daughter - Current value: INR 565,805 (since 2016) 8. **Provident Fund (PF)** – Current balance: INR 10 lakh 9. **Tata AIA Life Insurance Fortune Pro ** – Started last year INR 150,000 to be paid for 5 years till 2027 10. SBI Child Plan Smart Scholar - Completed INR 500,000 Total Investment for 5 Years in 2024. From this year every financial year I plan to invest my working bonus of INR 3 Lacs to INR 5 Lacs every year as a bulk investment and diversify in different funds. I am 46 years old and plan to continue working and investing for another 5 to 6 years due to health reasons. My spouse is 37, and we have two daughters aged 9 and 5. My goal is to accumulate a corpus of at least INR 3 to 5 crores by the time my daughters reach 18 years of age. Based on my current investments, do you think this target is achievable within the given timeframe? I would greatly appreciate any suggestions or adjustments you might recommend to help reach this goal. Thank you for your guidance.
Ans: Yes your target is achievable in the given time frame.(13% conservative return assumed). I am sure you have planned for some regular income after you stop working(~6 years from now) to meet the regular expenses. Please make sure you have good family floater health insurance apart from employer's group health policy if any. Insurers typically insist 3-4 years of continuous coverage after which pre existing illnesses are covered. Consider investing in SSY in the name of second daughter if possible. As you approach your target move corpus away from equity MFs into liquid or ultra short duration debt funds.

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

You may follow us on X at @mars_invest for updates.

Happy Investing

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