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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Feb 09, 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 - Feb 08, 2023Hindi
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Career

Mr Sushil, Can I study law in India and do further studies abroad?

Ans: It is possible to pursue a Master's degree in law or a closely related discipline outside of India after earning a law degree in India. Numerous colleges offer advanced legal studies degrees in nations including the United States, the United Kingdom, and Australia. These programmes frequently concentrate on specialised fields of law, such commercial law, international law, intellectual law, corporate law or law relating to human rights.
You may be needed to appear for LSAT, GRE, IELTS or TOEFL.
Overall, getting a solid grounding in the subject while also expanding your legal education and job options may be accomplished by studying law in India and continuing your education overseas.
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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Feb 09, 2023

Asked by Anonymous - Feb 08, 2023Hindi
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Sushil, What are the benefits of studying law in Canada or Australia compared to India? Which field has more opportunity after studying abroad, law or engineering?
Ans: Hello!

Pursuing a law degree in Canada or Australia can offer several advantages as compared to studying in India, including:

• International Exposure: Studying law in a foreign country provides an opportunity for students to gain exposure to diverse cultural, legal and professional perspectives, thereby expanding their outlook and augmenting their global network.

• Improved Career Opportunities: International universities often have established connections with law firms, government agencies, and other organizations, offering students the potential for valuable internship and employment opportunities.

• Quality Education: Universities in Canada and Australia are renowned for their high standards of education and cutting-edge facilities, which can deliver a rigorous and enriching academic experience to students.

The prospects open to a person will rely on a number of things, including their particular fields of study, professional ambitions, and the employment market in their intended region, when comparing law and engineering. Both law and engineering may offer rewarding and successful jobs, but the options are different based on the person's abilities, interests, and background.

Also, graduate from an accredited paralegal education program requires to clear a Licensing Process. The licensing process consists of a licensing examination, a good character requirement and an application for a P1 license.
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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Aug 22, 2023

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sir, my son is LLM in international law from Brussels . But find difficult placement in india as well outside. being father in concern i m worried . would like to know if law career is wrong choice to get settle .
Ans: I understand your concerns about your son's career prospects in international law. It's natural for parents to worry about their child's future, especially when it comes to career choices. International law is a highly specialized field that can offer rewarding opportunities, but like any profession, success can depend on various factors.

Here are a few considerations to keep in mind:

Specialization and Niche Expertise: International law is a complex and competitive field. Having a specialized skill set or focusing on a niche area within international law can make your son stand out. Whether it's human rights, trade law, environmental law, or something else, finding a unique area of expertise can improve his prospects.

Networking and Internships: Connections within the legal community are invaluable. Encourage your son to attend conferences, workshops, and seminars related to international law. Internships, whether paid or unpaid, can also provide him with practical experience and valuable contacts.

Location Flexibility: International law often involves working with governments, NGOs, multinational corporations, and international organizations. Being open to working in different geographical locations can increase his chances of finding suitable opportunities.

Further Education: Depending on his specific interests, pursuing further education such as a Ph.D. or specialized postgraduate courses might enhance his qualifications and marketability.

Adaptability and Multilingualism: International law often requires working with diverse cultures and languages. Proficiency in multiple languages and an ability to adapt to different legal systems can be advantageous.

Consult Career Advisors: Many universities and professional organizations offer career counseling services. Encourage your son to utilize these resources to explore different avenues and receive guidance on how to navigate the job market effectively.

Online Presence: Maintaining a professional online presence, such as a LinkedIn profile, can help showcase his skills and accomplishments to potential employers.

Persistence and Patience: The job search process can be challenging, especially in specialized fields. Encourage your son to remain persistent, patient, and open to different opportunities that might arise.

Remember that success in any career is a combination of individual effort, timing, and external factors. While the journey might be challenging, a career in international law can indeed be fulfilling and impactful. It's essential to support your son's aspirations while providing guidance and realistic expectations.

Regards,
Abhishek Shah
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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Nov 22, 2023

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My Son, in class 10th wanted to pursue his career in Law/Legal abroad after 10+2. With AI coming big way, I think Law/Legal will have huge impact. Please suggest if it has bright future or may be very challenging ? Also, help me understand what is the path available to pursue legal studies in countries like Canada, European Countries, Australia etc., Any best Universities you can recommend.
Ans: Hello Mahesh,

To begin with, thank you for contacting us. I am glad to hear about your son’s interest in pursuing a career in Law overseas after he completes his 12th grade. As an answer to your query, I would like to inform you that taking in account the changing landscape of Artificial Intelligence (AI) and its effects on a broad range of professions, including law, your son’s desire to practise law overseas seems encouraging. Remember, with the introduction of technology, major changes are being brought about in the legal arena. Artificial Intelligence (AI) may change some facets of the legal profession, but it also creates new opportunities in areas viz., data privacy, legal tech, and AI ethics in the legal system. It would therefore, seem that the future of law will be both difficult and fruitful, requiring flexibility as well as a fusion of legal knowledge with technical developments.

You would be glad to know that outstanding programs are offered by a number of countries to those aspiring to pursue law overseas. The University of British Columbia, University of Toronto, and McGill University in Canada are regarded for their law schools. Coming to European countries, the University of Cambridge, the London School of Economics (LSE), and Oxford University in the UK, as well as Leiden University in the Netherlands, are highly regarded. Law schools at Australian universities viz., Australian National University (ANU), the University of Melbourne, and the University of Sydney, are also renowned. As an answer to your query concerning the path available to pursue legal studies in these aforementioned countries, I would like to tell you that this path generally entails earning an undergraduate i.e. Bachelor’s degree, usually in any area of study, after which one needs to complete a legal degree i.e. Bachelor of Law (LLB) or Juris Doctor (JD), and then possibly undertake specialized programs or internships. In order that your son chooses the program that best resonates with his passion and objectives, I would recommend that he conducts an extensive study on particular program offerings, the competence of the faculty, as well as the curriculum’s primary emphasis.

For more information, you can visit our website.
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Moneywize

Moneywize   |101 Answers  |Ask -

Financial Planner - Answered on May 02, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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My MF portfolio is worth Rs 2 crore as on March 31, 2024. I am 48 now. My plan is to get Rs 2 lakh per month by the time I retire in another 10-12 years. I am investing Rs 2 lakh per month. Is that enough for me to accumulate a corpus big enough to help me earn Rs 2 lakh per month?
Ans: Let's analyse your plan for a Rs 2 lakh monthly income after retirement:

Corpus Calculation:

To determine if your current strategy is sufficient, we need to calculate the total corpus you'll need. Here's a simplified approach (assuming a fixed monthly withdrawal):

• Expected Investment Period: 10 to 12 years (considering your retirement timeframe)
• Monthly Investment: Rs 2 lakh.
• Monthly Target Income: Rs 2 lakh.
• There are two unknowns: total investment period and corpus amount. We can't predict the exact number of years until retirement, so let's analyse both scenarios (10 and 12 years).

Scenario 1: 10 Years of Investment

For this scenario, we can use a financial calculator or spreadsheet to solve for the corpus needed. However, I can't directly provide financial product recommendations or perform calculations that require specific rates of return.

Scenario 2: 12 Years of Investment

Similar to scenario 1, you'll need to calculate the corpus considering a 12-year investment horizon.

Additional Considerations:

• Inflation: The purchasing power of your Rs 2 lakh monthly income will decrease over time due to inflation. You might need to increase your withdrawals gradually to maintain your standard of living.
• Investment Returns: The actual corpus will depend on the return you get on your investments. This can vary based on your chosen investment options.

Recommendations:

• Retirement Needs Assessment: Consider consulting a financial advisor to assess your retirement needs based on your lifestyle and future plans. They can help you with a more personalised calculation considering inflation and your risk tolerance.
• Investment Strategy: A financial advisor can also suggest an investment strategy to achieve your target corpus. This may involve a mix of equity and debt instruments to balance growth and stability.

Positive Aspects:

• You're taking a proactive approach to retirement planning by starting early and investing regularly.
• A Rs 2 crore corpus and a Rs 2 lakh monthly investment are good starting points.

Conclusion:

While it's difficult to say definitively without a detailed calculation, your plan has a good foundation for achieving your Rs 2 lakh monthly income target. Consulting a financial advisor can provide a more personalised assessment and help you fine-tune your strategy for a comfortable retirement.
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Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

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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Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

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.
Investment Returns: Assess the expected returns from your current investments and future contributions to meet your target corpus.
Expenses: Review your anticipated expenses post-retirement, including healthcare, travel, and other lifestyle needs.
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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Ramalingam

Ramalingam Kalirajan  |1221 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Asked by Anonymous - Feb 01, 2024Hindi
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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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