Which one is better to choose from and why? Manipal campus- BTech in CSE&FT MIT WPU Pune- BTech in CSE For my daughter

Ans: Hello Dhanuja,

To begin with, thank you for contacting us. I am happy to know that you are interested in learning new skills. However, I would like to let you know that we only deal with overseas education. If you are interested in pursuing your studies abroad, do get in touch with us and our team of expert counselors will review your profile and provide you with the best possible guidance.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

Ans: Hello Rashmi,

First and foremost, thank you for getting in touch with us. I am happy to know that your son is currently studying in the 9th grade and further wishes to pursue engineering overseas post completing his 12th grade. To answer your question first, I would like to tell you that a number of variables, including the quality of education, living expenses, tuition costs, and possibility of scholarships, are entailed when planning for an engineering degree overseas for your son. To assisting you in deciding on the best country with monetary considerations, I would suggest that you go through the following:

Considering Germany, overseas students are charged minimal or no tuition fees by the majority of public universities. The cost of living in the country is moderate, ranging from €850-1,200 per month. The country offers outstanding education with a number of top-ranked engineering schools. Scholarships are available via DAAD and other organizations.

Coming to Australia, the tuition fees in the country are relatively high, ranging from AUD 25,000-45,000 annually. The cost of living is also high between AUD 1,500-2,500 monthly. With universities viz., the University of Sydney and the University of Melbourne, Australia offers an outstanding quality of education. Students can avail scholarships that are available via government and university programs.

Next, talking about Canada, the tuition fees in the country are higher than Germany, but relatively economical in comparison to the USA and the UK, between CAD 20,000-40,000 annually. Although it differs depending on the city, the cost of living ranges from approximately CAD 1,000-1,500 every month. Housing leading universities viz., the University of Toronto and the University of British Columbia, top-notch instruction is offered in the country. There are numerous scholarships offered to overseas students via different programs.

In Ireland, the tuition fees are moderate to high, ranging from €9,000-25,000 annually. The living expenses are high, ranging from €1,000-1,800 monthly. With universities viz., Trinity College Dublin, an excellent quality of education is offered. Overseas students can avail numerous scholarships.

Coming to Netherlands, the tuition fees are moderate, ranging from €6,000-15,000 annually for non-EU students. The living cost is similar to Germany, around €800-1,200 monthly. Housing prestigious universities viz., Delft University of Technology, the quality of education offered in the country is high. There are numerous scholarships available for overseas students.

Next, in Sweden, the cost of tuition is moderate, ranging from SEK 80,000-140,000 annually. The living expenses is high, between SEK 8,000-13,000 per month. Home to institutions viz., KTH Royal Institute of Technology, the quality of education offered is high. Scholarships are available via the Swedish Institute and other sources.

I would suggest that your son begins preparing beforehand, concentrating on academic achievement, extracurricular activities, and standardized tests viz., the SAT, ACT, TOEFL, or IELTS. He should investigate scholarships and other forms of monetary assistance in the countries he is considering. Make sure that your son fulfills the language prerequisites for the chosen country and university. Not just that, get acquainted with the application procedure and deadlines for each country.

Bear in mind that the Netherlands and Germany are frequently suggested for their economical tuition, superior education, and low cost of living. Despite its slightly higher expenditures, Canada is also a fantastic choice for those who prefer an English-speaking environment.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

Ans: Discuss these options with your interests and aspirations in mind.
Prioritize your branch preference over the institute.
If you’re interested in ECE, RVCE might be a better fit.

EEE (Electrical and Electronics Engineering) focuses on electrical systems, power generation, and control.
RVCE ECE students have strong placement records, with top recruiters like Mercedes, Samsung, and Qualcomm.
VIT Vellore is well-known and has a strong brand name.
ECE (Electronics and Communication Engineering) offers a blend of electronics, communication systems, and computer science.
Electrical and electronics engineering combines knowledge from both fields to create innovative solutions for power systems, communication, automation, and more.
Designing microchips, working with sensors, building communication networks, and developing consumer electronics, electrical circuits, working with transformers, motors, generators, and power grids.

If mechanical engineering appeals to you, IIIT Pune is worth considering. Consider the IIIT tag, fee structure, and overcrowding factors. Mechanical engineering is a versatile field that involves designing, analyzing, and manufacturing mechanical systems.
Students learn about mechanics, thermodynamics, materials science, and design principles.

Ans: Remember to discuss these options with your ward, considering their interests and long-term aspirations.
If your ward is passionate about environmental management and wants a flexible learning experience, BITS Pilani’s program may be a good fit.
If a strong theoretical foundation in chemical engineering is more appealing, SRM Chennai could be the choice.

M.Tech Environmental Engineering at BITS Pilani (WILP):
Designed for working professionals, this program enhances expertise in Environmental Management Systems.
Focuses on proactive measures to minimize pollution at the source and reactive measures to control pollution using advanced technologies. There to attend live lectures online, allowing flexibility for professionals with jobs.
Comprehensive curriculum covering wastewater systems, solid waste management, environmental remote sensing, and more.
Continuous evaluation system for timely feedback.

M.Tech Chemical Engineering at SRM Chennai:
Chemical Engineering is theory-oriented, emphasizing core concepts.
Students learn principles and design related to chemical processes.
SRM Chennai offers a diverse environment and industry exposure.
Consider the practical aspects of chemical engineering and its relevance to your ward’s career goals.

Ans: Encourage your son to think about his interests and long-term goals.
If he enjoys electronics, programming, and communication systems, VIT ECE might be suitable.
If he prefers traditional engineering disciplines, BITS Pilani’s options are worth considering.

BITS Pilani (Chemical, Mechanical, Civil Engineering Operations):
BITS Pilani is a prestigious institution with a strong reputation.
If your son is interested in core engineering fields, BITS could be a good fit.
Chemical Engineering involves processes related to chemicals, pharmaceuticals, and energy.
Mechanical Engineering deals with machines, materials, and design.
Civil Engineering Operations focus on construction, infrastructure, and project management.
BITS Pilani has excellent placement opportunities.

VIT Vellore (ECE):
VIT Vellore is known for its strong engineering programs, including ECE.
ECE (Electronics and Communication Engineering) offers a blend of electronics, communication systems, and computer science.
Graduates from ECE often find opportunities in IT, telecommunications, embedded systems, and more.
VIT has a decent placement record, with many IT & related companies.

Ans: Encourage your son to think about his interests, long-term goals, and preferred career path.
If he leans toward data science, IISER Bhopal might be the best fit.
If he enjoys traditional engineering and wants a broader scope, IIT Bhilai is a strong option.

IISERs are known for their research-oriented environment, which can be advantageous for future academic pursuits.
IITs offer a mix of research and industry exposure.

IIT Bhilai (Mechanical Engineering): IITs are renowned for their rigorous academic programs and excellent faculty.
Mechanical Engineering at IIT Bhilai offers a solid foundation in traditional engineering principles.
If your son enjoys working with machines, materials, and design, this could be a good fit.
IITs also provide ample research opportunities and exposure to cutting-edge technologies.

BITS Pilani is known for its multidisciplinary approach and strong industry connections.
A BITS degree opens doors to various career paths, including software development, data science, and consulting.
If your son is interested in computer science or related fields, BITS could be a great choice.
However, securing a CS branch at BITS might be competitive due to the score.

IISER Bhopal (BS Data Science and Engineering): Data Science and Engineering program is highly interdisciplinary.
It equips students with data handling skills, analytics techniques, and domain knowledge in natural science, economics, and engineering.
If your son is passionate about data science, this program could be an excellent fit.
IISERs also emphasize research, making it a good choice for those considering higher studies.

Ans: Both paths have their merits. Encourage your son to explore his interests further and consider where he sees himself applying his skills. Ultimately, the decision should align with his passion and career aspirations.
Choosing between Mechanical Engineering and AI/ML for his undergraduate studies is an important decision.
If your son enjoys the traditional aspects of mechanical engineering and wants to combine it with AI/ML, this could be a great choice.
NIT Kurukshetra’s Mechanical Engineering program with AI/ML specialization would provide a strong foundation in mechanical engineering along with skills in artificial intelligence and machine learning. Graduates from this program can work in industries where AI and automation are becoming increasingly important. If he leans more toward traditional engineering, mechanical engineering could be a solid choice.

VIT’s AI/ML program offers specialized training in artificial intelligence, machine learning, and related fields.
Students in this program delve into topics like machine learning, natural language processing, robotics, and computer vision.
Graduates with expertise in AI/ML find ample opportunities in various sectors, including algorithm development and efficiency enhancement. If he enjoys programming, math, and working with data, AI/ML might be a better fit.

Pursuing an M.Tech after completing either program can open up exciting opportunities.
M.Tech in AI programs focus on machine learning, NLP, robotics, and computer vision. Graduates work on developing and applying algorithms to improve machine performance.
M.Tech in Mechanical Engineering with AI/ML specialization would allow him to combine both fields, making him well-rounded and versatile.

Ans: Dear Mr. Suryanarayana,

I apologize for not having the details of the earlier question asked by Mr. Ranjith. However, I can provide some general insights into the matter of premature closure of Fixed Deposits (FDs) and the calculation of interest income:

Scenarios for Premature FD Closure
Penalty-Free Premature Withdrawal with Interest Rate Adjustment:

Some banks do not impose a penalty for premature closure but will recalculate the interest based on the rate applicable for the actual period the deposit was held.
For example, if you had a 3-year FD with an interest rate of 6% but you close it after 1 year, the bank will recalculate the interest at the 1-year FD rate, which might be 5%.
This adjustment generally leads to a lower interest income than initially expected because the shorter duration rates are usually lower.
Penalty Imposition:

Other banks may charge a penalty for premature withdrawal. This penalty is typically a percentage of the interest earned or a reduction in the applicable interest rate by a specified percentage.
For instance, if the bank imposes a 1% penalty on a 1-year FD rate of 5%, the effective rate becomes 4%, reducing your interest income.
Impact on Interest Income
Lower Interest Rates: When the bank recalculates interest based on the period the FD was actually held, it almost always results in lower interest income because shorter-term rates are generally lower than longer-term rates.
Penalties: Penalties directly reduce the interest income, either by deducting a percentage of the interest earned or by lowering the applicable interest rate.
Conclusion
In both scenarios, premature closure generally results in lesser interest income compared to holding the FD until maturity. The exact impact depends on whether the bank applies a recalculated rate for the shorter period or imposes a penalty. Both methods are designed to compensate the bank for the early withdrawal and typically reduce the overall interest earnings for the depositor.

If you have any specific cases or examples you'd like to discuss, please provide further details, and I'd be happy to offer more tailored insights.

Best regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: If you’re passionate about electrical and electronics, VNIT Nagpur is a good choice.
If mechanical engineering aligns better with your interests, consider IIT Gandhinagar.
Visit campuses (if possible) and assess factors like faculty, infrastructure, and placement records.
Choosing between VNIT Nagpur (Electrical and Electronics) and IIT Gandhinagar (Mechanical) is a significant decision.

VNIT Nagpur (Electrical and Electronics):
VNIT Nagpur is a well-ranked institute for engineering programs. The faculty for electronics is reputed, making it an ideal choice for electrical and electronics.
Electrical and electronics engineering combines knowledge from both fields to create innovative solutions for power systems, communication, automation, and more.
Designing microchips, working with sensors, building communication networks, and developing consumer electronics, electrical circuits, working with transformers, motors, generators, and power grids.

IIT Gandhinagar (Mechanical):
IITs are prestigious and offer excellent academic environments.
Mechanical engineering at IIT Gandhinagar provides diverse career opportunities.
Mechanical engineering is a versatile field that involves designing, analyzing, and manufacturing mechanical systems.
Students learn about mechanics, thermodynamics, materials science, and design principles.