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Geeta

Geeta Ratra  |125 Answers  |Ask -

Visas, Study Abroad Expert - Answered on May 22, 2023

Geeta Ratra has been an immigration expert for more than two decades and has strong knowledge of international immigration policies and procedures. She is vice president, operations, at Abhinav Immigration Services. Besides visa and immigration services, they also provide study abroad advice that includes application assistance, counselling and university shortlisting.... more
Vijay Question by Vijay on Apr 30, 2023Hindi
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I would like to immigrate to the UK as l have worked there before and have a UK degree. I am a doctor with three decades experience. What would you suggest?

Ans: Hi Vijay
To immigrate to UK you can go on skilled worker visa category. You need to look for the jobs in UK and on the basis of the same apply for the skilled worker visa. At this moment UK is not offering direct permanent residence visa.
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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Aug 03, 2023

Asked by Anonymous - Jul 17, 2023Hindi
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Hi, I am an engineer with 11 years experience in technical sales.How can i take up a job in UK and move forward in my career.
Ans: Hello,

I understand that transitioning your career to the UK can be an exciting opportunity for personal and professional growth. To successfully take up a job in the UK and move forward in your career as a technical sales engineer, consider the following steps:

Research Job Market and Requirements: Start by researching the job market in the UK for technical sales roles. Look for companies and industries that align with your expertise and experience. Review the specific job requirements and qualifications expected by employers.

Work on Your CV and Cover Letter: Tailor your CV to the UK format and ensure it highlights your relevant experience, skills, and achievements. Craft a compelling cover letter that explains your intention to work in the UK and how your expertise can benefit potential employers.

Networking and Online Presence: Engage in networking both online and offline. LinkedIn can be a valuable platform to connect with professionals and potential employers in the UK. Building a strong online presence can also help recruiters discover you.

Visa and Work Authorization: Check the UK government's official website to understand the visa and work authorization requirements. Ensure you have the necessary visa to work legally in the UK.

Search for Job Opportunities: Utilize job search platforms like Indeed, Glassdoor, and specialized engineering job boards to find suitable openings. Attend virtual job fairs and industry events to connect with employers directly.

Prepare for Interviews: Be ready for remote interviews or, if possible, travel to the UK for face-to-face interviews. Research the companies you interview with and practice answering common technical sales interview questions.

Highlight Your International Experience: Emphasize the value of your 11 years of technical sales experience in your interviews. Showcase how your diverse background and international exposure can bring unique perspectives to UK-based companies.

Continued Professional Development: Stay updated with industry trends and advancements in technical sales. Consider obtaining certifications or additional training to enhance your skills and marketability.

Cultural Adaptation: Understand and adapt to the cultural differences in the UK workplace. Being culturally aware and open-minded will help you integrate smoothly into the new work environment.

Be Persistent and Patient: Securing a job in a new country can take time. Be persistent in your job search, keep applying, and don't get discouraged if the process takes longer than expected.

Remember, moving to a new country for work can be a transformative experience. Stay positive, embrace the challenges, and be open to new opportunities that may arise along the way. Good luck with your job search and career advancement in the UK!

Regards,
Abhishek Shah
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Sushil

Sushil Sukhwani  |299 Answers  |Ask -

Study Abroad Expert - Answered on Apr 11, 2024

Asked by Anonymous - Apr 11, 2024Hindi
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I want to go to uk for my MBA I'm currently pursuing my graduation in international business please give me some advice
Ans: Hello,

First and foremost, thank you for getting in touch with us. I am happy to hear that you are currently pursuing your undergraduate degree in International Business after which you intend pursuing an MBA in the UK. I would like to let you know that taking into account the prominent business institutions as well as the country’s multicultural environment, opting for an MBA in the UK can be a fruitful choice. As you are presently studying international business, I believe you most certainly already possess a solid understanding of global commerce, which will prove beneficial throughout your MBA degree. Nevertheless, I would recommend that you carry out a comprehensive research pertaining to the various MBA programs provided by universities in the UK prior to applying.

As a first step, I would suggest that you take into account the program accreditation, course outline, experience of the faculty members, as well as possibilities to acquire hands-on experience, viz., internships or consultancy engagements. Not just that, evaluate the fields of specializations that each program has to offer in order to make sure that they resonate with your professional objectives in the domain of international business. Remember that establishing ties in the business environment can greatly improve your employment opportunities after completing an MBA, and for that reason, I would suggest that you explore the networking possibilities that each school has to offer.

Moreover, throughout your stay in the UK, adapt yourself to the various cultures. Your academic journey will be greatly enhanced and you will be able to develop a global mentality, a vital asset in the interconnected corporate world of today, through interacting with people of diverse backgrounds and experiences both within and outside of the classroom. Lastly, in order to acquire guidance and knowledge pertaining to your goals, I would recommend that you get in touch with mentors or students who have previously followed same avenues.

Remember, your MBA program in the UK can greatly enhance your career objectives in international business if you prepare carefully and work hard.

For more information, you can visit our website.
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Ramalingam

Ramalingam Kalirajan  |637 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 20, 2024

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hi sir : my son doing job since two year monthly earning is 60 K. but his saving is nil. pl. advice where to invest
Ans: It's great that your son has started earning, and it's essential to guide him on saving and investing for the future. Here's a step-by-step investment plan tailored for him:

Emergency Fund: Start by building an emergency fund equivalent to 3-6 months of expenses. This fund should be easily accessible, like a savings account or a liquid fund.
Debt Repayment: If he has any high-interest debts like credit card bills or personal loans, it's wise to clear those first to avoid paying hefty interest.
Investment Options:
Equity Mutual Funds: For long-term wealth creation, he can start SIPs in diversified equity funds. A mix of large-cap, mid-cap, and multi-cap funds can provide growth.
PPF (Public Provident Fund): A tax-efficient and safe option for long-term savings with a lock-in period of 15 years.
NPS (National Pension System): A retirement-focused investment with tax benefits, offering a mix of equity, corporate bonds, and government securities.
Term Insurance: Since he's working, consider getting a term insurance plan to ensure financial security for his dependents.
Health Insurance: A comprehensive health insurance plan to cover medical emergencies can provide financial security and tax benefits.
Budgeting and Savings: Encourage him to create a monthly budget to track expenses and identify areas to save. Automating investments through SIPs can also help in disciplined saving.
Financial Education: Educate him about the importance of financial planning, saving, and investing. Encourage him to read books or attend workshops on personal finance.
Starting early with disciplined saving and investing can help him build a substantial corpus over time. Encourage him to consult a financial advisor for personalized guidance tailored to his financial goals and risk tolerance.
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Ramalingam

Ramalingam Kalirajan  |637 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 20, 2024

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Hi Anil, I am 43 years old. I have a monthly sip of 35k going on. I have started investing in mutual fund and sip from year 2013. Total mutual fund plus sip current market value is 1 core 9 lakhs . I plan to invest 35 k per month more for 7 to 8 years , when i want to leave job and do something else. Can you tell me what will be my corpus in 7 to 8 years down the line taking both current valution plus what i am going to continue investing?Also, i have another 1 corore total in other investment like Voluntary provident fund, Epf, ppf and esops from my company and pension fund . Here i do a monthly investment of around 80 k via mostly through company for tax savings. So what will be my total corpus after 7 to 8 yrs. Also, is it good for retirement considering my current monthly expense us 1 lakh.
Ans: To estimate your corpus after 7 to 8 years, let's assume an average annual return on your mutual fund SIPs at 10-12% and a similar return on your other investments.

For Mutual Funds:

Future Value of Current Investments: Using the future value formula, considering an average return of 10-12%, your current 1.09 crore can grow to approximately 2.2 - 2.5 crores in 7-8 years.
Future Value of Additional SIPs: Investing 35k per month for 7-8 years, at an average return of 10-12%, you could accumulate around 50 - 60 lakhs from SIPs alone.
For Other Investments:

Future Value of Current Investments: Assuming an average annual return of 10-12%, your current 1 crore can grow to approximately 2 - 2.4 crores.
Future Value of Additional Investments: With 80k monthly investments for 7-8 years, at an average return of 10-12%, you could accumulate around 1.5 - 1.8 crores.
Total Corpus After 7-8 Years: Combining both, your total corpus could range from 5.2 - 6.2 crores.

Retirement Planning:
Considering your monthly expense is 1 lakh, with a corpus of 5.2 - 6.2 crores, you can generate approximately 40-50k per month (assuming a 7-8% withdrawal rate) post-retirement. This should be sufficient considering your current expenses, but inflation and unforeseen expenses should also be considered.

It's advisable to consult a financial advisor for a detailed plan tailored to your needs, considering inflation, tax implications, and other factors.
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Ramalingam

Ramalingam Kalirajan  |637 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 20, 2024

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Hello, I want to invest 10 lac INR for a long term investment. I need suggestion on the following, i understand to invest in the form of SIP. But want to get a suggestion on where should I invest this 10-20 lac first and then invest as an SIP over 1-2 years or even 3 years as per your suggestion. As currently lying in Savings account which doesnt yield more. Secondly I would need a help on good portfolio of funds for long term (10 years or above) for my retirement/younger child's education.
Ans: For long-term investments of 10-20 lakhs, you can consider the following approach:

Initial Lump Sum Investment:

Liquid Funds: Park a portion in liquid funds to earn better returns than a savings account while maintaining liquidity.
Short-term Debt Funds: Allocate to short-term debt funds for stability and moderate returns.
Long-Term SIP Portfolio:

Diversified Equity Funds: Invest in a mix of large-cap, mid-cap, and multi-cap equity funds through SIPs for growth potential.
Balanced Funds: Opt for balanced funds or aggressive hybrid funds for a blend of equity and debt, suitable for long-term wealth creation.
Child Education: Start a separate SIP in a child education-focused fund to ensure funds are available when needed.
Sample Portfolio for Long Term:

Large Cap Equity Fund: 30%
Mid Cap Equity Fund: 20%
Multi Cap Equity Fund: 25%
Balanced/Aggressive Hybrid Fund: 15%
Child Education Fund: 10%
Adjust the allocation based on your risk tolerance and financial goals. Regularly review and rebalance the portfolio to maintain desired asset allocation. Consulting a financial advisor can help create a personalized investment plan tailored to your needs and goals.
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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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