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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Feb 24, 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
Vikas Question by Vikas on Feb 20, 2023Hindi
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Dear Sir/Madam, My son is currently studying in Class 11 Commerce (ICSE). We are thinking of undergraduate studies abroad for him. Firstly is it worthwhile studying BBA abroad for 3/4 years. Secondly is u would recommend it, can u suggest good country . He is an average child scoring 75 - 85 % Many thanks.

Ans: Hello Vikas!
Pursuing a BBA degree abroad is a valuable option for your son if he is interested in business or related fields. Popular countries for studying BBA include the US, Canada, Australia, the UK, and Europe. Your son's 75-85% academic score is decent, but admission requirements vary by institution and country. Standardized tests such as the SAT/ACT and TOEFL/IELTS, along with extracurricular activities, volunteer work, or internships, can make him a more competitive applicant. You can visit our website for more information.
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Aashish

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CAT, Management Expert - Answered on Jul 29, 2023

Asked by Anonymous - Jul 28, 2023Hindi
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My son is now in Class XII Commerce in a CBSE school. He has an ambition of doing MBA from a good Management School. He got 90% in class X of CBSE. Please advise, from career perspective, if he should pursue for B Com or BBA course after his completing the Class XII exam . Please advise the Entrance tests he should pursue to get admission into Institute of repute for the courses , i.e. B COM and BBA. Regards.
Ans: Choosing between B.Com and BBA depends on your son's interests and long-term career goals. Both courses can lead to a successful career in business and management, but they have different approaches and specializations.

B.Com is a more traditional and broader course that focuses on various aspects of commerce and finance. It covers subjects like accounting, economics, taxation, finance, marketing, and business law. It provides a strong foundation in accounting and finance, making it suitable for those interested in pursuing careers in fields like chartered accountancy, banking, finance, or tax consultancy.

BBA is a management-oriented course that focuses on the principles and practices of business management. It covers subjects like marketing, human resources, operations management, organizational behavior, and entrepreneurship.

If your son is specifically interested in management and wants to develop a deeper understanding of management principles right from the undergraduate level, BBA could be a better choice.

As for entrance tests for reputable institutes, here are some of the common entrance exams for BBA/MBA courses:
1. Common Entrance Test (CET): Many states in India conduct their own CET for admission to BBA/MBA programs in state universities and colleges.
2. All India Management Association Undergraduate Aptitude Test (AIMA UGAT): This exam is for admission to various undergraduate programs like BBA, BCA, Integrated MBA, etc.
3. Symbiosis Entrance Test (SET): Conducted by Symbiosis International University, SET is the entrance test for various undergraduate programs, including BBA.
4. Indraprastha University Common Entrance Test (IPU CET): Conducted by Guru Gobind Singh Indraprastha University, this exam is for admission to various undergraduate courses, including BBA.
5. Xavier Aptitude Test (XAT): For admission to Xavier University's BBA program.
6. CUET (Ofcourse)
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Sushil

Sushil Sukhwani  |328 Answers  |Ask -

Study Abroad Expert - Answered on Aug 09, 2023

Asked by Anonymous - Aug 08, 2023Hindi
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Hello....my son wants to go abroad either US, Canada or UK for undergrad BBA education. Mostly we are keen to send bcos he is average student and getting admission in India in any good college is difficult. Is it the right thought process, we are confused. Pls guide.
Ans: Hello,

First and foremost, thank you for contacting us. The fact that you are exploring choices for your son's education is excellent. Studying abroad can be a great experience, and it’s crucial to thoroughly consider the benefits and drawbacks of the same.
When determining whether your son should pursue an undergraduate BBA program overseas, keep the following aspects in mind:

1. Educational Excellence: Universities in the USA, Canada, and the UK offer excellent instruction and cutting-edge learning. Your son could have access to world-class instructors, resources, and opportunities that are not available in many Indian educational institutions.

2. Diversification and Exposure: Studying abroad exposes your son to new cultures, viewpoints, and ways of thinking, extending his horizons and boosting personal and professional development.

3. Networking Possibilities: Universities overseas frequently offer great networking chances with other students, faculty, and business people. His future professional life may benefit from these ties.

4. Employment Possibilities: International students are permitted to work after completing their education in some nations, such as Canada. This could be a good opportunity for your son to obtain international work experience and possibly settle in that country.

5. Challenges: It might be difficult to relocate to a new nation, especially for an average student. He'll need to acclimatize to a new educational system, culture, and perhaps a new language. It's crucial to think about how he'll respond to these difficulties.

6. Expense: Tuition, living costs, and travel expenditures can all add up to make studying abroad prohibitively expensive. Consider the financial factors and look into scholarship and financial aid assistance alternatives.

7. Admission Prerequisites: Getting into prestigious colleges abroad can be tough, just as admission may be competitive in India. Examine your son's eligibility by looking up the entrance standards for the colleges he is considering.

8. Various Alternatives: Investigate further alternatives in India. There are respected institutions in India that provide BBA programs, and some colleges collaborate with foreign institutions to offer exchange programs that could give students a worldwide experience.

9. Future Plans: Your son's long-term career aspirations should be discussed, as well as how studying abroad fits into those ambitions. It's critical to take a career that supports his goals.

The choice should ultimately be based on your son's preferences, skills, and long-term objectives. Include him in the decision-making process and urge him to look into and get in touch with current or former students or alumni of the school he's thinking about.

Consult educational professionals, attend informational workshops, and look into the universities and nations he prefers before making a decision. This guarantees a well-informed decision for your son's requirements and goals.

For more information, you can visit our website.
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Mayank

Mayank Kumar  |189 Answers  |Ask -

Education Expert - Answered on Aug 17, 2023

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Hello Mayank. My son is currently in Class 12th Commerce (ISC). He has been an average student throughout. Basis of this we realise getting admission into any good college in India for BBA may be difficult. So we thought of sending him abroad, though we are a middle class business family. But i feel BBA is a very general degree to pursue in US, UK or Canada. We are confused. His SAT score is 1360 and IELTS 8.0. Predicted 12th scores would come around 80%. Pls guide whether we should think of abroad. Thanks.
Ans: Thanks for writing to me, Vikas. Congratulations on your son's SAT score. As a general rule, a BBA with a specialisation is substantially sought-after across global markets, especially because of emerging specialisations, majorly tech-infused. In fact, most skilled migration lists for major study abroad destinations prioritise accounting, project management, business analytics, etc. and promise an expedited integration into their country's workforce. That said, your son's academic and career aspirations remain a cornerstone for my final advice. Overall, a high school score of 75% and above along with this SAT score should get him into the Top 50 US Schools. Alternatively, to help your son ease into academic rigour, you can also try and connect with our Study Abroad team at upGrad before making a sound decision. They can help you understand how can your son pursue the initial year of undergrad coursework in India and move to higher-ranked schools in the subsequent year.
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Moneywize

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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

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

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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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