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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Jun 09, 2023

Asked by Anonymous - Jun 08, 2023
Career

what are good options after Bsc Maths

Ans: Hello,

First and foremost, thank you for contacting us. Several interesting employment routes and possibilities for further education are open to you after earning a BSc in Mathematics. Here are a few recommendations:

1. Higher Learning: Take up a Master's or PhD program in Mathematics or a related subject. This may open doors to careers in research, academia, or in specialized roles in fields that demand high levels of mathematical proficiency.

2. Data Science: You can consider a profession in data science if you have a solid background in mathematics. Large dataset analysis, insight extraction, and data-driven decision-making are all part of this field. Additional expertise in statistical modelling and programming languages like Python and R will be helpful.

3. Actuarial Science: You can pursue a career as an actuary if risk analysis, insurance, and finance interest you. For a variety of businesses, including insurance, pensions, and investments, actuaries utilize mathematical and statistical tools to analyze and manage risk.

4. Accounting Analysis: In the finance sector, math prowess is highly recognized. Consider a career as a financial analyst, where you may use your quantitative skills to analyze financial risks, analyze investment opportunities, and recommend business strategies.

5. Operations Research: Operations research is the application of mathematical modelling, optimization strategies, and statistical analysis to resolve difficult issues in sectors including manufacturing, supply chain management, and logistics. Organizational efficiency, decision-making, and resource allocation can all be enhanced with the help of this field.

6. Education and Teaching: You can work your way up to teaching secondary school mathematics if you're passionate about it. You can apply for college or university teaching opportunities after receiving extra training and certification.

7. Software Development: Your analytical and problem-solving abilities make you an excellent prospect for software development positions, particularly in fields requiring mathematical algorithms or numerical analysis, such as computational biology, encryption, or computer graphics.

8. Consulting: Strong analytical abilities are highly valued by many consulting businesses. You can work as a consultant, offering your knowledge in mathematical modelling, data analysis, and problem-solving to customers so they can enhance their decision-making, streamline their operations, or create effective strategies.

It's important to keep in mind that there are a tonne of other career alternatives accessible to you and that this list is not all-inclusive. To learn more about various businesses and occupations that fit your interests and talents, look into internships, networking gatherings, and informational interviews.

For more information, you can visit our website.

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Sanjeev

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Financial Planner - Answered on Sep 23, 2023

Sanjeev

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Financial Planner - Answered on Sep 23, 2023

Asked by Anonymous - Sep 14, 2023
Money
Sir, I just retired from my service @60yrs. I will get my PF+other fund ₹50L. Please advice how to invest the amount so that my principal not disputed and I can get ₹30,000 pm for my monthly expenses. My family of 2 persons are covered ₹50L health insurance. Regards
Ans: Considering your age and your requirement, you will need to invest in a mix of debt and equity instruments. Here are some investment options available to you:-

• Senior Citizens’ Savings Scheme (SCSS) – This is a pure debt instruments and provides guaranteed returns of 8.2% per annum. The interest is paid quarterly. The maximum amount that you can invest is Rs. 30 Lakhs.

• Corporate FDs – It provides you return more than the regular bank FDs. It contains two options i.e. cumulative and non-cumulative.

• Post Office Monthly Income Scheme (POMIS): This is another government-backed scheme that offers guaranteed monthly income. The current interest rate is 7.1%.

• Debt Mutual Funds: As your main concern is to protect the principal amount you may consider debt funds and monthly income can be achieved through the route of SWP (systematic withdrawal plan).

• Equity mutual funds: Equity mutual funds offer the highest potential returns, but they are also the riskiest. A small portion of the amount can be invested in the equity mutual funds for growth of the money in the long-term horizon.

It is good to know that you are adequately insured for any healthcare emergency.

Your requirement of Rs. 30,000 will be changing in the future due to inflation, hence you should consult with your financial advisor for a proper increasing income or SWP (systematic withdrawal plan) which can help you to ensure sufficient amount available for your monthly expenses.
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Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Money
Hi Sir, I worked a small level company between 01.02.2018 to 30.04.2021. They paid standard EPF contribution of Rs. 1800/- from my side they deducting the same of Rs. 1800/-. After I exit the company I applied the EPF Withdrawl (both contribution) on 06.05.2023 and it was rejected by the officer and the reason was mentioned "Claim Rejeced EQUAL SHARE 07/18". The Employer deposit the July 2018 share in wrongly i.e. The deposited Rs. 1800/- in Employee Share and Rs. 1800/- employer Share and Pension is " 0 ". instead of Rs.1800/- as employee, Rs. 550/- as Employer and Rs.1250/- as pension contribution. When I sent a 2 continues mail to EPF they taking my query as a grivience and sent a query to the employer. But Still they not close the issue. How to I approch them to clear my claim. Because there is no mistake from my side. Thanks in Advance. Narayanan
Ans: I understand that your EPF withdrawal claim has been rejected due to an error in your employer's contribution. This is frustrating, but it is important to remember that you are not alone. Many people experience problems with their EPF claims, especially when their employers make mistakes.

When filing a grievance, be sure to provide clear and concise information about the issue. You should also include any relevant documentation, such as your EPF statement and the revised Form 11 from your employer (if you have one).

Once you have filed a grievance, the EPFO will investigate the matter and try to resolve it. This process can take some time, but it is important to be patient.

Here are some additional tips:

• Keep track of all your communication with the EPFO. This includes emails, phone calls, and visits to the office.
• If you are not satisfied with the EPFO's response, you can escalate the issue to the regional or national level. You can also mail on employeefeedback @ epfindia.gov.in for the redressal of your grievance.
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