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Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on May 08, 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
Rahmatbi Question by Rahmatbi on Apr 24, 2024Hindi
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Career

Hi Sushil My daughter appeared for her masters in counseling Psychology. What are the option from here that she can opt for.

Ans: Hello Rahmatbi,

To begin with, thank you for contacting us. I am happy to hear that your daughter has appeared for her Masters in Counseling Psychology. As an answer to your query, I would like to tell you that post completing her masters in counseling psychology, there are a number of options that your daughter can think about.

Your daughter can take up a job as a licensed counselor or therapist, wherein she can work with clients in varied environments viz., community mental health centers, schools, hospitals, or private practice. If she is interested in a particular field of counseling viz., substance abuse counseling, marriage and family therapy, or trauma therapy, she can pursue additional training or certifications to acquire expertise in that field. Your daughter can also choose to pursue a Doctor of Philosophy (Ph.D.) or Doctor of Psychology (Psy.D.) in Psychology if research or academia is what interests her. Remember that this can result in possibilities for conducting research, teaching, or even working in clinical environments that require a doctoral degree. Having gained experience, your daughter can undertake leadership or supervisory roles in counseling organizations, where she would be responsible for managing programs or supervising the work of other counselors. Your daughter can also offer mental health consultation services to organizations, enterprises, or educational institutions. She can also conduct training sessions for experts in relevant disciplines. There are a number of nonprofit organizations or advocacy groups that address mental health concerns, offer counseling, community outreach, or push for modifications to the law. Your daughter can consider working here. Given the growing popularity of teletherapy, your daughter can look into possibilities to deliver counseling services online, either individually or via platforms that connect clients with therapists. Moreover, if writing or public speaking is what interests her, your daughter can give lectures at conferences, write articles for mental health periodicals, or even publish books on counseling psychology themes.

In addition to the ones mentioned above, there are a number of other possibilities. I would like to tell you that your daughter’s abilities, interests, and professional objectives, will play a key role in deciding which option is ideal for her. I would suggest that she looks into various opportunities, acquires varied experiences, and keeps learning and advancing in her field.

For more information, you can visit our website.
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My daughter has done Masters in clinical psychology pl suggest career opportunities for her.
Ans: Your daughter’s master’s degree in clinical psychology opens up a wide range of career opportunities. Here are some of the careers that she can pursue with her degree:

Counselor: A counselor uses various training strategies to help their clients with emotional issues. They may work in schools, hospitals, or private practices. The average salary for a counselor is $47,000 per year 1.

Psychotherapist: A psychotherapist encourages clients to discuss their emotions and mental health. They may work in hospitals, clinics, or private practices. The average salary for a psychotherapist is $70,000 per year 2.

Forensic Psychologist: A forensic psychologist works with law enforcement agencies to help solve crimes. They may also work in prisons or other correctional facilities. The average salary for a forensic psychologist is $70,000 per year 3.

Marriage and Family Therapist: A marriage and family therapist helps couples and families work through their problems. They may work in private practices or clinics. The average salary for a marriage and family therapist is $50,000 per year 1.

Substance Abuse Counselor: A substance abuse counselor helps people overcome addiction to drugs or alcohol. They may work in hospitals, clinics, or private practices. The average salary for a substance abuse counselor is $40,000 per year 1.

Learning Disabilities Specialist: A learning disabilities specialist works with students who have learning disabilities. They may work in schools or private practices. The average salary for a learning disabilities specialist is $50,000 per year 3.

I hope this helps your daughter in her career search!

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Nitin

Nitin Narkhede  |59 Answers  |Ask -

MF, PF Expert - Answered on Jan 23, 2025

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Hi Sir, I am retired and 63 years old. Having 50 lacs in equity.1.5 cr MF, 25 lacs in SCSS.expected landproperty sale of 4.5 cr also having own house and no education or marriage expenses of children. Medical insurance of 10 lack for me and wife. However intended to buy a residential property of 3 cr to get relax from capital gain post selling the land. And same will be given to daughter later. Need monthly expenses of 1.25 lack. Since market is too volatile. Kindly suggest way forward.
Ans: Dear Pralhad,
To manage your finances post-retirement and handle market volatility, allocate the ?4.5 crore from your land sale strategically. Use ?3 crore to purchase a residential property to save on capital gains tax and gift it to your daughter later. Allocate the remaining ?1.5 crore into ?50 lakh in SCSS for secure returns (~?16,000/month), ?50 lakh in RBI Floating Rate Bonds or POMIS (~?30,000/month), and ?50 lakh in balanced mutual funds for moderate growth. For your existing assets, keep ?25 lakh in SCSS and divide the ?1.5 crore mutual funds portfolio into 60% balanced advantage or hybrid funds for stability and 40% debt funds for steady income. Maintain 20-25% equity exposure (?50 lakh) in large-cap or dividend-yield funds for growth. Combined with a ?20-30 lakh emergency fund, this ensures a stable monthly income of ?1.25 lakh while safeguarding against market risks and providing for your family's future. Consult a certified financial advisor for personalized tax-efficient strategy
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

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