Dear Sir My daughter-Age 23, has just completed her MCOM (Advanced Accountancy) with A+ Grades in Apr23, she was also pursuing Cost Accountancy (CMA) but suddenly stopped from Dec'21. She has given SET (Maharashtra) Exams for College Teachers eligibility and is also searching for a job in Finance but not getting any. However I as Father am worried that without professional qualifications what kind of career will she have. I am urging her to atleast do MBA-Finance/ CIMA/ CFA or a course in Data Analytics (she is good in Maths). Dont know how to guide/ motivate her into getting better qualified. Kindly advise. Ajit Dandekar Cocerned father

Ans: Hello KK,

First and foremost, thank you for getting in touch with us. We wish your daughter the best of luck with her board results. She has the choice of pursuing Bachelor's degrees abroad, depending on her area of interest. She will be able to select from a variety of courses and colleges based on her grades and interests. She can also obtain help from experienced specialists in preparing for English proficiency exams such as IELTS/TOEFL/PTE, which are usually required for admission to international universities as well as can be guided in selecting the best alternatives available. Please do not hesitate to contact us if you require any additional support. Thank you.

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Ans: Hello Rajesh,

First and foremost, thank you for getting in touch with us. Sincere congratulations to your daughter on finishing her PGDM and landing a position as a Business Analyst with an MNC bank. Depending on her job objectives and personal preferences, pursuing an MBA in Finance overseas may be a smart move for her to advance in her career.

When choosing whether to pursue an MBA in Finance overseas, keep the following things in mind:

1. Career Objectives: An MBA in Finance from a foreign university can be a fantastic option if your daughter wishes to switch careers or grow in the financial industry. She can acquire the skills and knowledge she needs to flourish in the finance sector as a result of it.

2. Personal Choices: Your daughter should decide if she is prepared for the challenges and costs of pursuing an MBA overseas. She should also take into consideration the location (setting) and culture of the country she wants to study in, as well as if it is compatible with her own preferences.

3. Skill Enhancement: Your daughter's knowledge and abilities in areas like corporate finance, risk management, investment analysis, and financial management can be improved by enrolling in an MBA program abroad, which can provide her with specialised coursework and hands-on learning experiences in the field of finance.

4. Networking Possibilities: By studying overseas, your daughter may have the chance to connect with professionals, academic staff, and students from various backgrounds. This can help her create a strong professional network that could be useful for her future career aspirations.

5. Expenditure and Return on Investment (ROI): Your daughter should take into account the cost of tuition, living expenses, and other associated costs before pursuing an MBA abroad because it can be pricey. Not just that, she should also consider the Return on Investment (ROI) of the MBA, or whether earning the degree will enable her to pursue her career objectives and will be financially worthwhile.

6. Business School’s Social Standing: Your daughter should conduct research and select a prestigious business school that provides an MBA in Finance overseas. Her future employment opportunities and professional advancement may be significantly impacted by the business school's reputation.

Your daughter's specific career aspirations, personal situation, and financial concerns should ultimately guide her decision about whether to pursue an MBA in Finance overseas. Making an informed choice requires extensive research and evaluation of various MBA programs, including their reputations, curriculum, faculty, alumni networks, and placement rates. Consultation with career counselors, mentors, and finance specialists may also be beneficial.

For more information, you can visit our website.

Ans: I suggest please get a psychometric assessment done from a reliable source such as Mindler testing. You can look at psychology for her undergraduate courses, she can look at hospitality management and study business management under that. Its quite lucrative as a career. She can also look at media and communication as a course

Ans: Hello. It is understandable that you are concerned about your daughter’s educational path. At this stage, it is normal to not have a clear idea of career programs and aspirations to evolve over the time. Considering your daughter’s academic background, along with potential career options, here are some alternative paths she can explore: Data Science and Analytics, Digital Marketing and Communications, User Experience (UX) Design, Environmental Science and Sustainability, Entrepreneurship and Innovation, Creative Arts and Design, Healthcare Informatics. As far as Australia is concerned, it can be a rewarding experience with a good support system for international students. It would give an opportunity to study theoretically and practically through classrooms, volunteering, internships, etc. Australian universities offer a wide range of programs.

For further assistance, you can get in touch with us