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Patrick

Patrick Dsouza  |1365 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Mar 23, 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
Asked by Anonymous - Mar 16, 2024Hindi
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Career

I studied b.sc computer science I mean maths stats computer science.. now I'm not interested in all these subjects .. and above all I love travelling what course should I take .. i decided to take MBA in tourism and hospitality management. And yes I topped the class though I don't like bsc in cs but I don't to do cs course in masters .. is my decision correct ?

Ans: Follow your interests. Maybe you can combine some knowledge of computer science to your interest in travelling to start your own venture in that field.
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Ramalingam

Ramalingam Kalirajan  |10220 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 11, 2025

Asked by Anonymous - Aug 11, 2025Hindi
Money
I am 34 year old, i have total debt of 50 lakhs in personal loan which includes 1 lakh of credit card bill too. Emi monthly is 1 lakhs rs and my other fix expenses are 80k. Can you suggest ways to close the loan quicker and my monthly income is 2.1 lakh rs.
Ans: You have shown strength by sharing your full numbers clearly.
This is the first step to making a clear repayment plan.

» Understanding your present position
– You are 34 years old with Rs. 50 lakh total debt.
– Rs. 1 lakh of this is credit card dues.
– Monthly EMI is Rs. 1 lakh.
– Other fixed expenses are Rs. 80,000.
– Monthly income is Rs. 2.1 lakh.
– Surplus after EMI and expenses is around Rs. 30,000.

» Analysing the debt pressure
– EMI is nearly 48% of income, which is very high.
– High EMI ratio increases financial risk if income changes.
– Credit card debt has highest interest among your borrowings.
– Clearing costly debt first will save maximum interest.

» Step 1 – Tackle credit card dues immediately
– Credit card interest is extremely high, often 30–40% yearly.
– Paying minimum amount will not reduce principal fast.
– Use any available savings or bonus to close it fully.
– This will give instant interest savings and reduce stress.

» Step 2 – List all loans with interest rate and tenure
– Rank loans from highest interest to lowest interest.
– Target highest interest loan for prepayment first.
– Keep paying regular EMIs on all loans to avoid penalties.
– Direct surplus and windfalls only to the target loan.

» Step 3 – Increase surplus for prepayment
– Current surplus is about Rs. 30,000 monthly.
– Reduce non-essential spends for next 24–36 months.
– Postpone lifestyle upgrades, holidays, and big purchases.
– This extra can push surplus to Rs. 50,000 or more.

» Step 4 – Explore debt restructuring
– Check if multiple personal loans can be consolidated into one lower-rate loan.
– A single loan with longer tenure can reduce EMI pressure.
– Lower EMI frees up more surplus for targeted prepayment.
– Only restructure if interest rate is lower and costs are minimal.

» Step 5 – Use windfall income effectively
– Any annual bonus, incentives, or extra earnings should go fully into prepayment.
– Avoid spending windfalls on lifestyle expenses until debt is cleared.
– Even one or two large prepayments can cut years from loan tenure.

» Step 6 – Avoid new borrowing
– Do not use credit cards for non-essential expenses until debt is under control.
– Keep only one active card for emergencies.
– Stop any “buy now pay later” or EMI purchases.

» Step 7 – Build a small emergency fund
– Keep at least 2 months’ expenses in a liquid form.
– This prevents taking fresh loans for unexpected costs.
– Build it before doing large prepayments beyond credit card clearance.

» Step 8 – Track progress monthly
– Maintain a debt tracker with all balances and interest saved.
– Seeing numbers go down will keep you motivated.
– Review after every prepayment to adjust focus to next costliest loan.

» Step 9 – Plan for life after debt
– Once debt is cleared, redirect the entire EMI amount to investments.
– This creates strong wealth-building momentum.
– Protect income with term insurance and health cover.

» Psychological benefit of focus
– Closing the costliest loan first gives quick relief.
– Reduced EMI share improves mental comfort.
– Discipline now will free you faster from financial pressure.

» Finally
– Close credit card dues immediately with savings or windfall.
– List and attack highest interest loan next.
– Increase surplus by controlling expenses and avoiding new commitments.
– Use debt consolidation only if it reduces interest meaningfully.
– Keep a basic emergency fund to prevent fresh borrowing.
– Once debt-free, channel EMI money into long-term investments.
– This disciplined plan will help you close loans faster and regain financial stability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Nayagam P

Nayagam P P  |10172 Answers  |Ask -

Career Counsellor - Answered on Aug 11, 2025

Asked by Anonymous - Aug 11, 2025Hindi
Career
Good evening sir ,I am planning to join universal ai university mumbai is best for cse i got 98%i boards and 85%in mains
Ans: Universal AI University Mumbai, established as India’s first dedicated AI University, offers a specialized B.Tech in Computer Science focusing on Artificial Intelligence and Machine Learning. Accredited by AICTE and NBA, it features a curriculum designed with significant experiential learning (65%) and inputs from industry partner LTIMindtree, encompassing internships, research projects, and leadership development. The university boasts a modern, well-equipped campus with strong infrastructure, including AI labs, advanced facilities, and a peaceful, supportive learning environment. Placement records are impressive, with a 98% hiring rate reported in 2022, an average package over ?10 LPA, and top recruiters like Amazon, KPMG, Deloitte, and EY. Students benefit from exposure to multidisciplinary subjects and global collaborations. Existing student reviews praise faculty quality and campus life but sometimes note high fees and evolving placement processes. Given your excellent 98% board marks and 85% JEE main score, you are competitive for admission and likely to thrive in this tech-focused environment if cost aligns with your budget.

Recommendation: Universal AI University is a strong choice for CSE with AI focus, combining cutting-edge education, robust placements, and industry partnerships to support your career growth. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |10172 Answers  |Ask -

Career Counsellor - Answered on Aug 11, 2025

Career
Good evening sir.WHICH ONE IS BEST Puducherry Technological University ECE OR RAJALAKSHMI ENGINEERING COLLEGE CHENNAI CSE
Ans: Nesal, Puducherry Technological University (PTU) offers a strong Electronics and Communication Engineering (ECE) program with well-qualified faculty, robust infrastructure, and an active placement cell. The university reported an impressive 88.75% placement rate for 2024, with a median salary of ?6 LPA. Major recruiters include TCS, Infosys, Cognizant, and Zoho, supported by comprehensive career development initiatives like workshops and communication skills training. Rajalakshmi Engineering College (REC) Chennai provides a reputed Computer Science and Engineering (CSE) program featuring a dedicated placement cell and consistent industry connections. REC’s recent placement rate is approximately 87%, with a median salary near ?5.4 LPA, attracting recruiters such as Cognizant, Infosys, IBM, and Accenture. Both institutions focus on academic rigour, faculty expertise, industry exposure, and student support, but PTU's ECE boasts a higher placement percentage and package median, while REC offers a strong CSE specialization with multiple recruiter engagement.

Recommendation: Choose Puducherry Technological University for its stronger placement outcomes and higher median salary in ECE if priority is on immediate job prospects. Opt for Rajalakshmi Engineering College for CSE specialization with solid industry ties and comprehensive skill development, aligning with career goals in software and computing. The final choice should reflect your preferred branch and long-term professional focus. All the BEST for a Prosperous Future!

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