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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Mar 15, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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Harish Question by Harish on Jun 25, 2023Hindi
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Career

I am a Post graduate in Marketing Mgmnt with a Civil Engg degree. I am 50 yrs old and I am working in Ports and Marine field currently. Kindy suggest if any further courses like Financial management or Port & Terminal Management would help in my career advancement and also good instiutes for taking up the courses online..

Ans: Certainly! Considering your background in Civil Engineering, your current work in the Ports and Marine field, and your interest in career advancement, let’s explore some relevant courses and potential institutes:

Maritime and Shipping Courses:
Scope: The maritime industry plays a crucial role in international trade and commerce. Almost 90% of global trade is conducted through sea routes, emphasizing the need for professionals in this field.
Courses:
Diploma in Marine Engineering: A 3-year program that covers marine fundamentals and practical aspects.
Diploma in Logistics and Shipping: A 1-year course focusing on logistics and shipping operations.
Diploma in Naval Architecture and Offshore Engineering: A 3-year program related to ship design and offshore structures.
Diploma in Nautical Science: A 1-year course covering navigation and seamanship.
B.Sc. in Ship Building and Repair: A 3-year undergraduate program.
B.Sc. in Maritime Science: A 3-year degree emphasizing maritime operations.
B.Tech/B.E. in Marine Engineering: A 4-year engineering program specific to marine systems.
M.Tech in Marine Engineering: A 2-year master’s program with advanced marine studies.
M.Sc in Shipping Trade and Finance: A 1-year master’s program focusing on shipping business and finance 1.
Management Courses:
MBA in Shipping and Logistics: A 2-year master’s program that combines business management with shipping expertise.
MBA in International Transportation & Logistics Management: A 2-year program covering global logistics and transportation.
MBA in Port and Shipping Management: A 2-year course specifically focused on port operations and management.
Online Institutes and Platforms:
Coursera: Offers various online courses related to marine topics. You can explore their offerings and find courses that align with your interests.
Abu Dhabi Maritime Academy: Known for superior maritime training and career development opportunities.
Considerations:
Interest: Choose a course that aligns with your interests and career goals.
Global vs. Local: Decide whether you want to focus on international opportunities or the Indian maritime sector.
Financial Aspects: Consider the cost of courses and potential return on investment.
Remember that continuous learning and upskilling are essential for career growth. Evaluate your preferences, explore course details, and choose wisely. Best of luck with your career advancement!
Career

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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Jun 23, 2023

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Career
Hi, I am working in one of the shipping line MNC, i handling there accounts receivable since past 6 years, before this, i was with airlines company, was handling there account payable profile. though its been 13 years of experince, i am not getting any growth and feeling like i am going no where in career. please guide me what option and suitable courses which will help me in my prifessional growth.
Ans: Hello Mahesh,

I understand that despite your 13 years of experience in handling accounts receivable and accounts payable, you are currently feeling stagnant and seeking guidance on suitable courses and options for professional growth. I can offer you some suggestions to help you progress in your career.

Continuous Learning: In the ever-evolving world of finance and accounting, it is crucial to stay updated with the latest trends, regulations, and technologies. Consider enrolling in courses or pursuing certifications that enhance your knowledge in areas such as financial analysis, risk management, data analytics, or international accounting standards. These will not only expand your skill set but also make you more valuable to your current and future employers.

Specialization: Assess your strengths and interests within the accounting field and consider specializing in a particular area. For example, you could focus on tax accounting, auditing, financial planning and analysis, or managerial accounting. Specializing can help you stand out from the competition and open up new opportunities for career advancement.

Networking and Professional Associations: Engage with professional associations related to accounting and finance, both locally and internationally. Attend conferences, seminars, and networking events to meet professionals in your field and expand your professional network. Building connections can lead to new career prospects, mentorship opportunities, and valuable insights from industry experts.

Seek Internal Opportunities: Explore potential growth opportunities within your current organization. Speak with your supervisors or human resources department about your aspirations for career progression. Express your interest in taking on additional responsibilities, cross-functional projects, or managerial roles. Taking initiative and demonstrating your ambition can lead to internal promotions or transfers to more challenging positions.

Consider Advanced Degrees: Depending on your long-term career goals, you may consider pursuing an advanced degree such as a Master's in Business Administration (MBA), a Master's in Finance, or a Certified Public Accountant (CPA) qualification. These qualifications can enhance your knowledge, provide a broader business perspective, and potentially increase your earning potential.

Personal Development: Besides professional qualifications, do not overlook the importance of personal development. Enhance your leadership, communication, and interpersonal skills, as these qualities are highly valued in managerial positions. Consider attending workshops or seminars that focus on soft skills development.

Remember that professional growth is a continuous journey, and it requires a proactive approach. Assess your goals, skills, and interests regularly to ensure you are heading in the right direction. It is also crucial to maintain a positive attitude, embrace challenges, and stay motivated throughout your career.

I hope these suggestions provide you with a starting point for your professional growth. Wishing you the very best in your career endeavors.

Best regards,
Abhishek Shah

..Read more

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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.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

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

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Money
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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