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Sushil Sukhwani  |564 Answers  |Ask -

Study Abroad Expert - Answered on Aug 28, 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
Kavita Question by Kavita on Aug 25, 2023Hindi
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My son is working as research scholar in IIT but wants to pursue research in US what are the options to do that . He wants stipend fore that kindly guide

Ans: Hello Kavita,

To begin with, thank you for contacting us. Through pursuing research in the US, your son can acquire a fantastic chance to broaden his academic horizons, learn about modern research, and work with subject-matter experts. He could think about the following options:

1. Graduate Studies (Ph.D.): Applying for a Ph.D. program at a university seems to be one of the popular methods to pursue research in the US. Through these programs, students can earn stipends and tuition exemptions in exchange for research and teaching assistantships. Your son can submit an application to the graduate programs at his preferred universities.

2. Fellowships and Grants: For foreign students pursuing research in the US, multiple grants and fellowships are offered. Examples include The NSF Graduate Research Fellowship, Fulbright Program, and several university-specific scholarships. Financial assistance viz., stipends and tuition coverage are offered through these programs.

3. Research Assistantships (RA): Research assistant roles are available in several research initiatives, labs, or departments. In this salaried position, your son will carry out particular research projects under a faculty member’s supervision.

4. Teaching Assistantships (TA): Teaching assistantships are similar to research assistantships, here students help the professors teach undergraduate courses while he is still pursuing his own research. This may also include a stipend and at times, tuition coverage.

5. Working in partnership with Professors: Your son might consider working together on research projects, if he has developed relationships with professors in the US. Getting invited for short research trips or even longer research stays could stem as a result.

6. Postdoctoral Jobs: Your son could think about applying for postdoctoral jobs if he finishes his Ph.D. in India and wishes to further his research in the US. These research positions are temporary enabling him to continue his research under the guidance of experienced researchers.

7. Centers and Institutes for Research: Researchers can enrol as visiting scholars or researchers at a number of US research institutes and centers. These jobs could offer stipends and access to cutting-edge facilities.

8. Academic Workshops and Meetings: Your son can engage with possible colleagues and look into research opportunities by attending conferences and seminars in the US that are pertinent to his academic field.

Your son should inquire about labs, universities and programs that match his research interests, get in touch with teachers/advisors he intends working with, submit a compelling Statement of Purpose, study proposal, and recommendation letters, appear for English language competency tests viz., IELTS or TOEFL as required by universities, and look into scholarships, fellowships, and assistantships that offer international students financial aid.

To make sure he finds the perfect match for his research interests and career prospects, your son should plan well in advance, begin early, and conduct extensive research on each possibility.

For more information, you can visit our website.
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My son studing mbbs (fina year) at kalkata medical college, want to study in abroad (USA) , How is it possible with financial assistance?
Ans: Hello Naba,

To begin with, thank you for contacting us. I am happy to hear that your son is currently pursuing the final year of MBBS at Kolkata Medical College and wishes to further study in the USA. To answer your question first, I would like to tell you that although a promising opportunity, pursuing medicine overseas, specifically in the United States involves substantial monetary constraints. Nevertheless, remember that your son could seek financial aid from numerous sources. I would recommend that he looks into the available grants or scholarships provided by private organizations or universities that aim to assist international medical students. Furthermore, although typically needing a cosigner who is a citizen or permanent resident of the US, there are student loans that are designed exclusively for foreign students attending US universities. Your son could explore these as well. Not just that, he could also engage in on-campus part-time jobs, this can be an excellent way to defray expenditures. To learn about the available possibilities and prerequisites for international students wishing to pursue medicine in the USA, I would suggest that your son conducts an extensive study and gets in touch with universities, offices offering financial assistance, as well as looks into the various scholarships offered.

For more information, you can visit our website.

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Insurance, Stocks, MF, PF Expert - Answered on Dec 24, 2024

Asked by Anonymous - Dec 24, 2024Hindi
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Hello i am almost 30 now I have invested around 40 lakhs in Market (mutual funds plus equity) 6 lakhs ppf maybe 2 lakhs pf I have parental property of combining around 2.5cr I have my parents helath insurance from a private insurance company, also covered by cghs health scheme,so no major worries about health expenses, for me i have 10lakhs health insurance Apart from this we have family pension also. As of now overall i have a monthly income of around 2-2.25 lakhs. I have a car a bike a scooty all valid for next 8-10 years What should be my goal amount for the retirement, i want it as early as possible As per the current scenario i am assuming i will live max till 75 years age. As of now i can invest 80-90k per month Yet to be married i assume i need atleast Lakhs per month as of now What should be the ideal amount with which i can retire
Ans: Hello;

Hope you have adequate term life insurance for yourself.

You may start a monthly sip of 90 K in a combination of pure equity mutual funds.

After 10 years your sip and lumpsum investment will grow into sums of 2.09 and 1.24 Cr respectively.

This adds upto 3.33 Cr. If you add your ppf and EPF corpus then this should add upto a sum of around 4 Cr.

If you invest this corpus in a conservative hybrid debt fund and do a SWP at the rate of 3.5%, you may expect a post tax monthly income of
1 L+.

As you get married your expenses will rise as also the need to plan for various other goals.

Therefore the decision to retire from regular 9-6 job should be backed up with alternate business plan or such other plan to monetize your hobbies that may yield income over atleast next 10-15 years.

Best wishes;

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