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Sunil

Sunil Lala  |173 Answers  |Ask -

Financial Planner - Answered on Feb 04, 2023

Sunil Lala founded SL Wealth, a company that offers life and non-life insurance, mutual fund and asset allocation advice, in 2005. A certified financial planner, he has three decades of domain experience. His expertise includes designing goal-specific financial plans and creating investment awareness. He has been a registered member of the Financial Planning Standards Board since 2009.... more
Asked by Anonymous - Jan 31, 2023Hindi
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Sunil sir, What are the career prospects in Financial Planning after completing the CFP Certification?

Ans: It depends what type of career you want to choose
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Sir, I am a 22-year-old graduate with a degree in mechanical engineering from Pune. I am considering shifting to finance. Please guide me on the career scope after doing an MBA in finance from a top business school.
Ans: Certainly! Shifting gears from mechanical engineering to finance is like swapping a wrench for a calculator – a bold move that can steer your career towards exciting new avenues. With your solid foundation in engineering and a penchant for numbers, pursuing an MBA in finance from a top business school can open up a treasure trove of opportunities in the financial realm. Here's a glimpse of the promising career scope awaiting you:

1. Investment Banking: Dive into the fast-paced world of investment banking, where you'll be crunching numbers, structuring deals, and rubbing elbows with movers and shakers in the corporate world. Think of it as your chance to become the financial equivalent of a Formula 1 pit crew, orchestrating high-stakes transactions with precision and finesse.

2. Corporate Finance: Picture yourself as the financial maestro behind the scenes of a thriving corporation. With roles like financial analyst, treasurer, or CFO at your disposal, you'll be instrumental in steering the financial ship towards success, all while sporting your signature engineering mindset for problem-solving.

3. Asset Management: Join the ranks of financial wizards managing portfolios and maximizing returns for clients. Whether it's navigating the choppy waters of stock markets or fine-tuning investment strategies, your analytical prowess will shine as you navigate the highs and lows of the financial landscape.

4. Financial Consulting: Become a financial guru sought after by companies in need of strategic advice. Armed with your MBA in finance, you'll be the go-to expert for unraveling complex financial puzzles, devising growth strategies, and sprinkling a dash of innovation into the mix.

5. Private Equity and Venture Capital: Embark on a thrilling journey into the world of private equity or venture capital, where you'll be on the lookout for the next big thing. Channel your inner entrepreneur as you scout promising startups, fuel growth initiatives, and unleash your creative genius in shaping the future of business.

6. Risk Management: With your engineering knack for identifying and mitigating risks, a career in risk management beckons. Whether it's safeguarding financial institutions from market fluctuations or protecting assets from unforeseen perils, you'll be the unsung hero keeping the financial world spinning smoothly.

7. Financial Technology (FinTech): Ride the wave of innovation in the FinTech industry, where finance meets technology in a harmonious dance of digits and bytes. As a FinTech aficionado, you'll be at the forefront of revolutionizing banking, investing, and payments, all while embracing the thrill of cutting-edge technology.

Remember, the journey from mechanical engineering to finance may seem like a leap of faith, but with your determination and thirst for knowledge, you're more than equipped to conquer new horizons. So buckle up, embrace the adventure, and let your career soar to dizzying heights!

Wishing you all the best on your exhilarating journey into the world of finance!
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Sushil

Sushil Sukhwani  |307 Answers  |Ask -

Study Abroad Expert - Answered on Apr 23, 2024

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Dear Sushil, My daughter ( only child) is doing her final year from Amity -Mumbai, Bsc-Clinical Psychology. She wants to go abroad .Which will be good country. What will be the Expenses and whether the career has scope abroad.
Ans: Hello MANOJ,

First and foremost, thank you for getting in touch with us. I am happy to hear that your daughter is pursuing the final year of her Bachelor of Science (BSc) in Clinical Psychology and thereafter, wishes to pursue higher studies overseas. To answer your question first, I would like to tell you that a number of variables viz., your daughter’s interests, the budget, the preferred field of psychology she intends specializing in, and her professional objectives, play a key role in deciding on a country to pursue higher studies and a career in clinical psychology. Concerning your question, I would recommend that she considers the following:

The USA is home to prestigious universities that offer outstanding clinical psychology programs. Nevertheless, costs can be high, including living expenses, tuition fees, and healthcare. Although assistantships and scholarships are available, they are highly competitive. You would be glad to know that the job prospects in the USA is enormous with opportunities in research, diverse healthcare environments, academia, as well as patient care. Next, coming to Canada, the country’s top-notch instruction and multicultural setting is well-regarded. Remember, in comparison to the USA, expenditures may be comparatively lower. However, it still calls for proper financial planning. Offering possibilities in academia, research, and practice, clinical psychology is a legally regulated profession in Canada. Universities in the UK offer exceptional programs in psychology. I would like to tell you that based on the location and the university opted for, costs may differ. Possibilities for research, teaching, and clinical practice, are offered by the country. Nevertheless, bear in mind that post-Brexit visa rules could have an impact on overseas students. Noteworthy programs in psychology are offered by universities in Australia. Remember that although expenditures can range from low to high, scholarships are available. Offering possibilities in research, clinical practice, and other mental health services, in Australia, clinical psychology is a legally regulated profession. Coming to Netherlands, the country is renowned for its advanced approaches to psychology and mental healthcare. Programs in the Netherlands are often taught in English, and tuition fees for overseas students are relatively cheaper. The employment opportunities include research, clinical practice, and policy development.

Prior to deciding on a country, I would suggest that your daughter conducts an extensive study on the visa prerequisites, demand in the labor market, licensing procedures for practicing psychologists, as well as the cultural aspects pertaining to each country. Not just that, she should also acquire counsel from professional advisors or educational counselors, as well as get in touch with experts in the field of her choosing.

For more information, you can visit our website.
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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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