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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Aug 10, 2023

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
Anjib Question by Anjib on Jul 22, 2023Hindi
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Career

This is Sanjib Dhar.Today I am writing here to request you that whether it is possible for you to explore with any reputed IT sector companies in Pune / Bangaluru / Chennai / Mumbai etc and guide me on the possibility of any internship (paid or unpaid) leading to placement programme in IT sector companies for my son, Siddhartha Dhar who is in final year, B.Tech (CSE) in SRMIST Main campus, Kattankulathur, Chennai. The internship in the final year is a component of their final year curriculam of B.Tech (CSE). Siddhartha has the CGPA of more than 9 out of 10 grade scale and his 10th.and 12th.(Sc) marks under CBSE are more than 90%. Your efforts on the subject will be of great help for me and shall remain ever solicited. Regards.

Ans: Hi Sanjib,

Considering the significance of internships in bridging the gap between academic knowledge and industry practices, seeking opportunities in reputable IT sector companies is a commendable initiative. Internships not only provide practical exposure but also play a crucial role in shaping a student's career trajectory.

In cities like Pune, Bangalore, Chennai, and Mumbai, there is a robust IT industry with a multitude of renowned companies that offer internships and placement programs. Given Siddhartha's academic achievements and his enrollment in an internship component as part of his final year curriculum, he is well-positioned to secure a valuable internship experience.

To initiate the process, I recommend the following steps:

Career Services at SRMIST: Connect with the career services or placement cell at SRMIST. They often have tie-ups with various IT companies and can guide Siddhartha through the application and selection process for internships.

Online Job Portals: Platforms like LinkedIn, Naukri, and Indeed have dedicated sections for internships. Siddhartha can create a professional profile and explore internships listed by IT companies in the desired cities.

Networking: Encourage Siddhartha to attend career fairs, seminars, and workshops related to his field. These events offer networking opportunities and insights into the latest trends in the IT industry.

Direct Applications: Many IT companies allow students to apply directly through their websites. Siddhartha can visit the career pages of companies he's interested in and submit his application.

Faculty Guidance: Professors and mentors often have industry connections. Siddhartha can seek their guidance and recommendations for suitable internship opportunities.

Research Companies: Help Siddhartha research and shortlist companies that align with his interests and goals. This targeted approach can yield better results.

Tailored Resume and Cover Letter: Assist Siddhartha in creating a polished resume and a personalized cover letter that highlights his achievements, skills, and enthusiasm for the internship.

It's worth noting that paid internships are becoming increasingly common, and Siddhartha's impressive academic track record and commitment to his studies make him an attractive candidate for such opportunities.

I understand the significance of this endeavor for Siddhartha's future, and I am confident that with the right approach and dedicated effort, he will secure a valuable internship experience that aligns with his aspirations.

Best regards,
Abhishek Shah
Career

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Asked by Anonymous - Apr 12, 2024Hindi
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Sir , I am working man ( Age- 52 ) , I invested in MF , LIC , NPS , ULIP , FD , TermPlan etc .. all total the market value cost of invested fund is almost Rs. 50 lakhs.. Now my query is that do I withdraw all the money ( i.e. 50 lakhs) and invested in FD for 10 years to get monthly income ? pls guide me .. I am confused ...
Ans: It's understandable to feel confused when considering significant financial decisions like withdrawing and investing a substantial amount of money. Let's weigh the pros and cons of withdrawing your investments and putting the funds into fixed deposits (FDs) for generating monthly income:
Pros of Investing in FDs:
1. Stable Income: FDs provide a fixed interest rate, ensuring a predictable monthly income stream, which can be beneficial for meeting regular expenses.
2. Capital Preservation: Your principal amount invested in FDs is generally considered safe and protected, offering stability and security.
3. Ease of Management: FDs are relatively straightforward investment instruments, requiring minimal monitoring and management.
Cons of Investing in FDs:
1. Limited Returns: FDs typically offer lower returns compared to equity-linked investments like mutual funds, which may not be sufficient to keep pace with inflation over the long term.
2. Lack of Flexibility: Once you invest in FDs for a specific term, withdrawing funds before maturity may attract penalties or lower interest rates, limiting liquidity.
3. Inflation Risk: FD returns may not always keep up with the rising cost of living, potentially eroding the purchasing power of your income over time.
Considerations:
1. Risk Tolerance: Assess your risk tolerance and financial goals to determine if the conservative approach of FDs aligns with your needs. At age 52, preserving capital and generating steady income may be a priority.
2. Diversification: Review your overall investment portfolio and ensure it is well-diversified across asset classes to manage risk effectively. Consider maintaining exposure to growth-oriented investments like mutual funds for long-term wealth creation.
3. Financial Planning: Consult with a Certified Financial Planner to create a comprehensive financial plan tailored to your goals, risk profile, and income needs. They can provide personalized guidance and help you make informed decisions.
In conclusion, while FDs offer stability and regular income, they may not be the most efficient option for long-term wealth accumulation. It's essential to balance safety, liquidity, and returns based on your financial situation and objectives.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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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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