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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Jun 02, 2023

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
Asked by Anonymous - Jun 02, 2023Hindi
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My Son wants to pursue Masters in Data Science in US after completing his Computer Science (BE with honors in Data Science). As a parent what are the check list from my end.

Ans: Hello,

To begin with, thank you for contacting us. Being involved and encouraging of your son's educational goals as a parent is fantastic. Pursuing a Master's degree in Data Science in the United States could provide him with several opportunities. This list of ideas can help you as a parent support your son during the process:

1. Colleges and programs for research: Assist your son in his quest for renowned US colleges that provide Master's in Data Science programs. Take into account program curricula, academic expertise, research possibilities, and industry contacts.

2. Entry requirements: Know the requirements for admission to the universities your son is considering. This could consist of academic records, LoRs, GRE/GMAT test results, a SOP, and evidence of English language ability (TOEFL/IELTS).

3. Planning Finances: Talk to your kid about the costs associated with studying abroad. Examine several financial choices, including grants, loans, assistantships, and scholarships. Calculate the approximate cost of living expenditures, health insurance, and other connected costs.

4. Visa and immigration: Know the US student visa procedure. Examine the required forms, processes, and any difficulties that may arise. Keep abreast of changes to immigration laws and requirements.

5. Application timeline: Assist your son in making a schedule for the application procedure that includes the due dates for financial aid, admission, and visa applications. Assure that he stays organised and provides all required documentation on time.

6. Statement of Purpose: Help your son write a compelling SOP that highlights his academic prowess, research interests, professional aspirations, and his particular interest in earning a Master's in Data Science.

7. Recommendation Letters: Encourage your son to ask professors, mentors, or other experts for strong letters of recommendation. Assist him in gathering all the data and due dates demanded by the recommenders.

8. Standardized exams: Encourage your youngster to study for exams like the GRE or GMAT if necessary. To become acquainted with the format and scheduling of the exams, provide resources and practise materials, and urge him to take practise exams.

9. Academic readiness: Make sure your son keeps up a high academic record throughout his college education. Find him relevant online workshops, tutorials, or courses to help him expand his understanding of data science and related topics.

10. Collaboration and internships: Support your son's attendance at data science-related conferences, seminars, and workshops. Encourage him to look into possible field internships that could improve his practical experience and expose him to the sector.

11. Wellness and good health: Throughout the process, ensure your son's physical and mental well. While studying abroad, make sure he prioritizes his well-being and develops a solid support system.

12. Cultural adaptation: Prepare your son for cultural differences he may face in the United States. Counsel him about adjusting to a new environment, such as housing, transportation, and local traditions.

Respect your son's decisions and be transparent with him throughout the process. Together, going through the checklist might make the journey easier to manage. Good luck to your son as he pursues his Master's in Data Science!

For more information, you can visit our website.
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Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Jul 04, 2023

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My son wants to go for MS degree in US. He is working as software engineer for one year now. Please advise pros and cons. Thanks,
Ans: Hello Sreekumar,

To begin with, thank you for contacting us. Choosing to pursue a Master of Science (MS) degree in the United States can be a significant decision with several pros and cons to consider. Here are some factors to keep in mind:

Pros:
1. Advanced Education: An MS degree can provide specialized knowledge and advanced skills in a particular field, allowing your son to deepen his expertise and stay competitive in the job market.

2. Career Opportunities: Many employers value candidates with advanced degrees, and an MS can enhance his chances of landing higher-level positions or advancing his career in the software engineering field.

3. Networking: Studying in the US can provide excellent networking opportunities, allowing your son to connect with industry professionals, potential mentors, and fellow students who may become valuable contacts in the future.

4. Research Opportunities: If your son is interested in pursuing research or academia, an MS degree can serve as a stepping stone towards a Ph.D. program and open doors to research positions or teaching opportunities.

5. Exposure to Diverse Perspectives: Studying in the US exposes students to a culturally diverse environment, which can broaden their horizons, foster global awareness, and provide a rich learning experience.

Cons:
1. Financial Considerations: Pursuing an MS degree in the US can be costly, including tuition fees, living expenses, and potentially higher healthcare expenses. It's important to carefully assess the financial implications and explore scholarships, grants, or assistantships to help mitigate costs.

2. Competitive Admissions: Admission to reputable MS programs can be highly competitive, especially in sought-after fields. Your son will need to prepare a strong application, including competitive test scores, letters of recommendation, and a compelling statement of purpose.

3. Temporary Stay: Pursuing an MS degree usually involves a temporary stay in the US on a student visa. It's essential to be aware of the associated visa requirements, potential limitations on employment, and the need to return to one's home country after completing the degree, unless pursuing further work authorization or education.

4. Personal Adjustments: Moving to a different country for studies can be a significant adjustment, including adapting to a new culture, lifestyle, and potentially being away from family and friends. Your son should be prepared for the challenges of living abroad and maintaining a support network.

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Nov 02, 2023

Asked by Anonymous - Oct 01, 2023Hindi
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Career
I am a ECE graduate, who wants to pursue MS in Data Science. I have no prior experience in data science except for a small part of data visualization in final year project. What all things do I need to keep in mind, while looking ahead to do masters in US?
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to know that you have earned a Bachelor’s in Electronics and Communication Engineering and wish to pursue an MS in Data Science in the USA. Although you possess no prior experience in the data science field, I would like to inform you that with a background in ECE, it is possible to pursue your Master's in the field of Data Science. However, you will need to take into account the following in order to be able to do so:

Firstly, conduct an extensive study on programs and universities in the USA that resonate with your passion as well as your professional ambitions in data science. To fill in the gap between your background in Electronics and Communication Engineering and as a prerequisite for a program in Data Science, I would recommend that you prepare and appear for required courses in programming (e.g., Python), statistics, and machine learning fundamentals. To showcase your interests and abilities, consider creating your own projects in data science. Also remember that displaying those projects in your portfolio can help make up for your limited experience in the field. Keep in mind that to secure admission, a number of universities in USA require students’ to appear for standardized tests viz., the GMAT or GRE. I would suggest that you look into the particular prerequisites for the programs you intend enrolling to. I also suggest that you draft a strong personal statement or statement of purpose (SOP) outlining how your background in Electronics and Communication Engineering is pertinent to the course you intend pursuing as well as your reasons for wanting to pursue Data Science. Robust endorsement letters from employers and professors who can attest to your abilities in the field of data science should also be obtained by you.

In addition, remember to factor in the tuition fees as well as the costs of living. I would suggest that you look into the available assistantships, scholarships, or other forms of financial aid to help alleviate those costs. Keep in mind the last date to apply to these universities and programs. I recommend that you begin applying beforehand. Follow these steps to pursue your Master's in Data Science in the USA and accomplish your educational as well as your professional ambitions.

For more information, you can visit our website.
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Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Dec 30, 2023

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Asked by Anonymous - Mar 18, 2024Hindi
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Hello, Hope you're doing good! I am 32 yrs old and planning to invest till 60 yrs i.e till next 28 yrs. I am investing in below MFs and some other savings schemes, I need you suggestion on the same: MFs Investment: 1. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF - 1,500/- PM 2. Tata Resource & Energy Fund - 2,000/- PM 3. ICICI Prudential Technology - 1,500/- 4. Nippon India Nifty Smallcap 250 Index Fund - 1,000/- PM 5. SBI Nifty Next 50 Index Fund - 1,000/- PM 6. ICICI Prudential Nasdaq 100 Index Fund - 1,000/- PM 7. ICICI Prudential Nifty Bank Index Fund - 2,000/- PM Apart from this I am also investing in NPS around 17,500/- PM and PF around 30,500 including both. Also investing 5,000/- in Max Life Online Savings Plan (10 yrs investing period and 15 Yrs total Policy period). My goal is to be accumulate wealth for my retirement. Thank you in advance for your help.
Ans: Your investment approach reflects a thoughtful strategy aimed at building long-term wealth for your retirement. Diversifying your portfolio across different asset classes, including equity mutual funds, index funds, and savings schemes like NPS and PF, is a wise move.

Maintaining a disciplined investment habit and staying committed to your financial goals over the next 28 years will be crucial. Regularly reviewing your portfolio's performance and adjusting it as needed to stay aligned with your objectives is essential.

Remember, the journey to retirement wealth accumulation is a marathon, not a sprint. Stay patient, stay focused, and trust in the power of compounding to grow your investments steadily over time.

By diligently contributing to your investment portfolio and making informed decisions, you're laying a solid foundation for a financially secure and fulfilling retirement. Keep up the good work, and your future self will thank you for it.
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Asked by Anonymous - Feb 27, 2024Hindi
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Hi i am 49 and currently have a total corpus of approx 2.5 crs ( 1cr in MF/50 lacs in stocks/ another 80-90 lacs in PF/ EPF/ NPS and some other instruments.i am planning to retire in 13 years i.e at 62 . i will be able to accumulate another 5 cr approx more till then and with the current portfolio and interests of those looking at 10 cr of corpus then . will it be sufficient for my 15- 17 years of life after that looking at 3-4 lakhs montly expenses then
Ans: With a planned retirement in 13 years and an estimated total corpus of around 7.5 crores, your goal of achieving a corpus of 10 crores by retirement seems achievable. However, it's essential to conduct a detailed analysis to ensure financial sustainability for the subsequent 15-17 years.

Consider the following factors:

Inflation: Account for inflation in your expense calculations to maintain the purchasing power of your corpus over time.
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Contingency Planning: Build a buffer for unforeseen expenses or emergencies to safeguard your retirement corpus.
Regular Review: Periodically review your portfolio's performance and adjust your investment strategy if needed to stay on track towards your retirement goals.
Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific financial situation and retirement aspirations. With careful planning and prudent management, you can aim for financial security and peace of mind in your retirement years.
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I'm 48 year old and a housewife. My husband is 52 and working in a restaurant with a salary of 24k p.m. I'm looking into investing with whatever remains out of this salary, approx. 5k (my daughter who is 22 year old is contributing a part of her income for household expenses). Please advise the best schemes/ MFs that we can invest into and also advise the procedure to MF as we have no knowledge about it. Also if my daughter can invest approx 5k-8k, what are the best plans for her to invest in SIP. Please advise. Thankyou.
Ans: It's wonderful to see your proactive approach towards investing and securing your family's financial future. Investing in mutual funds through SIPs can be a great way to start building wealth gradually over time.

For you and your husband, consider starting with SIPs in diversified equity funds or balanced funds that suit your risk appetite and investment goals. As beginners, it's crucial to choose schemes with a track record of consistent performance and managed by reputable fund houses.

For your daughter, she can also opt for SIPs in equity funds aligned with her risk tolerance and long-term financial objectives. Encouraging her to start investing early can help her harness the power of compounding and achieve her financial goals.

To start investing in mutual funds, you can approach a Certified Financial Planner or a mutual fund distributor who can guide you through the process, help you select suitable funds, and assist with the necessary paperwork.

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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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