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Should I Study Abroad After Class 10th or 12th?

Sushil

Sushil Sukhwani  |589 Answers  |Ask -

Study Abroad Expert - Answered on Aug 13, 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
Sumeet Question by Sumeet on Aug 08, 2024Hindi
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Career

Hi,if one plans to study abroad may be in Australia,is is better to go after class 10th or 12th ?

Ans: Hello Sumeet,

First and foremost, thank you for getting in touch with us. To answer your question first, I would like to tell you that going to study abroad in Australia post completing your 12th grade is generally preferable for the simple reason that you will have a stronger educational background, as well as access to a broader selection of university-level programs in Australia.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint
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Sushil

Sushil Sukhwani  |589 Answers  |Ask -

Study Abroad Expert - Answered on May 17, 2023

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Career
Sir,i am actually way more confused in which stream to choose after my 12th..iam just interested in too many things..and i just feel like i don't have a proper path to move on..i want to continue my studies after degree abroad..and it's just that i don't know what would be best to choose gor degree.
Ans: Hello Yumi,

To begin with, thank you for contacting us. After completing your 12th grade, selecting a field of study might be difficult, especially if you have a variety of interests. Many others experience similar difficulties, so it's normal to feel perplexed at this point. We completely comprehend, and we want you to know that you are not alone. Following the completion of your degree, consider the following ideas to aid in your decision-making and set you on the right course:

1. Self-reflection: Spend some time thinking about your hobbies, qualities, and long-term objectives. Think about the things that really interest you and where you envision yourself in the future. Consider your favourite skills and the professions that share your interests.

2. Investigate and learn: Investigate several professions that fit your interests. Find more about the educational requirements, employment outlook, and career development options for various professions. Talk to experts in such fields or seek advice from career counselors who can offer insightful analysis.

3. Set your priorities: While having a variety of interests is fantastic, it can be useful to rank them according to your level of excitement and long-term objectives. Think about the professions that give greater opportunity to study abroad or that have better chances to advance globally. Selecting a stream that integrates some of your interests or allows you to study interdisciplinary topics may be advantageous.

4. Seek counsel and direction: Speak to the people who know you best, viz. your parents, professors, and mentors. Talk to them about your goals and concerns. Using their expertise and knowledge, they can provide advice.

5. Take the aptitude: Examine your academic accomplishments and areas for improvement. Study overseas consultants in general are aware of the challenges students experience while choosing a course of study for higher education. An aptitude test and a program called the APP for career guidance is conducted in order to meet these expectations. Evaluate your knowledge, academic standing, and your preferred subjects of study.

6. Examine your possibilities for studying abroad: Consider international schools or institutions that have courses that interest you. Look at their eligibility requirements, financial aid options, and any requirements for international students. Speaking with educational experts who focus on assisting students with their international studies may also be beneficial. We'd be happy to help you if you could provide us with your contact information.

Remember that your degree choice is not final; many people change careers or continue their education in later life. It's important to pick a career path that appeals to you right now and offers a strong basis for your future endeavours. Trust your gut, learn as much as you can, and decide based on what seems right for you.

For more information, you can visit our website.

..Read more

Latest Questions
Janak

Janak Patel  |21 Answers  |Ask -

MF, PF Expert - Answered on Mar 13, 2025

Asked by Anonymous - Mar 10, 2025Hindi
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Money
Hi, I am 46 years old residing in a B Town in India. I have 2 daughters one 16 years old and second 7 years old. I have Savings of 25 Lakh in my account as emergency find. I have FD of 65 Lakhs. PF, PPF and NPS of 25 Lakhs, Mutual Fund and Shares of 25 Lakhs, Lic policies worth 25 Lakhs, Gold around 1.2 Crores. I have a medical insurance of 20 Lakhs for me and my family, Term insurance of 1Cr. As properties. I own 2 independent houses, 2 flats and 2 plots in Bangalore which has a current value of about 4.5 Cr. In my home town i have 2 Houses, 1 apartment and plots which has a current value of 2.75 Cr. Currently i am drawing a monthly salary of 2 Lakh rupees and get a rent of 30K/ month. I donot have any emi's and my monthly expenses is currently 75K. I am planning to retire at the age of 50. Is my financial condition stable to retire at the age of 50? Thanks for your suggestion in advance.
Ans: Hi,

Lets understand the value of your current Investments at the time of retirement. Below is the list with its current value and (expected rate of return).
Emergency Fund - 25 lakhs (3.5%)
Fixed Deposits - 65 lakhs (7%)
PF/PPF/NPS - 25 lakhs (8%)
MF/Stocks - 25 lakhs (10%)
LIC Policies - 25 lakhs (no change)
Your current investments listed above will achieve a value of 3.5 crore at the time of retirement 4 years from now.

Apart from this you have mentioned properties worth 7.25 Cr. Assuming you will only use/liquidate them if required, so excluding them from consideration for now.

You total income is 2.30 lakhs per month (includes rent) and expenses are 75k per month. So there is potential to add to the above investments for the next 4 years.

I will assume your current expenses are sufficient for the lifestyle you want to continue post retirement.
You will require a corpus on retirement after 4 years to sustain your expenses adjusted with inflation of 6% which will be close to 1 lakh per month (at the time of retirement).
With this starting point, and adjusting for inflation of 6% each year, and life expectancy of 30 years post retirement you need a corpus of approx. 2.5 crore - again assumed this will earn a return of 8% for the 30 years.
If you can invest wisely and generate a slightly higher return of say 10%, the corpus requirement will be 2 crore.

Your current investments at the time of retirement with value of 3.5 crore is sufficient to cover your expenses for the next 30 years inflation adjusted at 6%.
And this is excluding the properties you own and additional investments you can make for the next 4 years.

Summary - You are more than stable as far as your financial state is concerned. You have a strong base to meet your retirement needs and also a potential to create wealth for the generations ahead.

I want to highlight/recommend few points -
1. Increase the medical Insurance for yourself and family to 1Crore as medical expenses will only increase in future.
2. Stop the Term Life Insurance and save the premium for investment. As you have no liabilities and net-worth is high enough to cover any outcomes in life ahead, this premium is a lost cause considering your strong financial state.
3. Revisit the LIC Policies you have and consider surrendering/stopping them if they are not nearing their maturity. They are not giving you enough cover and providing below par returns. So do discuss with a trusted licensed advisor and evaluate them. If they will mature in the next 4 years, ignore this point.
4. Post retirement period is a long duration of 30 years, so do consider getting a good advisor - a Certified Financial Planner who can guide you to plan your retirement well and help you design a portfolio for additional wealth creation as a legacy for your children/dependents.


Thanks & Regards
Janak Patel
Certified Financial Planner.

...Read more

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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