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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on May 18, 2023

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
Jpk Question by Jpk on May 16, 2023Hindi
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Hello Abhishek, my age is 43 & I am a b.com graduate, currently working in an mnc since last 8 years in back office document management profile with around 50000 in-hand salary. I have total experience of 11 years in same profile. I am searching for new job since last 1-2 years but not getting it in similar profile as companies are preferring persons with less salary/experience for this work. Please advise shall I try for data analysis/PMO profile in IT sector by doing some courses & if it's possible/advisable at my age with non technical degree & non relevant experience. Is there any other field you can advise where I can get similar salary. Thanks for your help in advance. Wish to be Anonymous.

Ans: Hi there,

Based on your current situation, it is understandable that you are exploring new career opportunities. Transitioning to a data analysis or PMO (Project Management Office) profile in the IT sector is indeed a viable option. While it may require you to acquire some additional skills through relevant courses, it is possible to make a successful career switch at your age and with a non-technical degree.

To enhance your chances of securing a job in these fields, consider the following steps:

Research and assess the demand: Investigate the job market to determine the demand for data analysts and PMO professionals in your region. This will help you gauge the opportunities available and make an informed decision.

Identify required skills: Look for the key skills and qualifications sought by employers in these fields. This will give you a clear understanding of the specific knowledge and expertise you need to acquire.

Skill development: Enroll in courses or training programs that specialize in data analysis or project management. These courses will equip you with the necessary technical skills and knowledge required for these roles.

Showcase transferable skills: Highlight your transferable skills from your previous experience, such as attention to detail, problem-solving abilities, organizational skills, and proficiency in data management. These skills can be valuable in data analysis and PMO roles.

Networking: Build a professional network in the IT industry. Attend industry events, join relevant online communities, and connect with professionals already working in the desired roles. Networking can help you discover job opportunities and gain insights into the industry.

Regarding the salary aspect, it's important to note that a transition to a different field might come with initial adjustments in salary. However, with the right skills and experience, you can work your way up to a similar salary level as your current role or even higher.

Remember, age should not be a deterrent in pursuing a new career path. Many individuals successfully transition into new roles and industries at various stages of their lives. Stay motivated, be open to learning, and leverage your existing strengths to make a successful switch. Good luck!

Regards,
Abhishek
Career

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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
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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.
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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.
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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.
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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.
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Initial Lump Sum Investment:

Liquid Funds: Park a portion in liquid funds to earn better returns than a savings account while maintaining liquidity.
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Diversified Equity Funds: Invest in a mix of large-cap, mid-cap, and multi-cap equity funds through SIPs for growth potential.
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Large Cap Equity Fund: 30%
Mid Cap Equity Fund: 20%
Multi Cap Equity Fund: 25%
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Asked by Anonymous - Aug 07, 2023Hindi
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Hello Sir, I am 44 years old IT professional. I have loan of Rs. 29 Lakhs. I am currently investing 40K in MF, 10K in Nifty 50 and Large cap and Mid Cap Stocks 50K (IT- Infosys, TCS, Wipro, Tata Elxie), Bank - (ICICI, IDFC, SBI), Auto - Tata Motors, Ashok Leyland, Jewellery - Titan, Metal - Tata Steel, Vedanta), Paint - Asian Paint, Oil - IOC). 1. Edelweiss Large and Mid cap - 5000 2. ICICI Prudential Thematic adv fund - 5000 3. Kotak equity opportunity fund - 5000 4. Canara Robbeco Emerging Equities - Regular - 5000 5. Mahindra Manulife Multi Cap fund Regular Growth - 5000 6. Parag and Parikh flexi Cap fund Regular Plan - 5000 7. SBI Blue Chip fund Regular Growth - 5000 8. HSBC Small Cap fund Regular Growth - 5000 9. Nippon nifty 50 NIFBEE - 10000 10. IBM stock - 18000 I have 8 lakhs as emergency fund in FD ROI - 7.1, NPS - 12 lakhs, PF 22 lakhs, Stocks 24 lakhs, MF 5 lakhs I would like to have around 10+ crore's in the next 10-12 years in investments. What can I do better?
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Loan Repayment: Prioritize repaying the Rs. 29 lakh loan to reduce interest burden and free up cash flow.
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Tax Planning: Optimize tax-saving investments like ELSS, NPS, and PPF to maximize post-tax returns.
Emergency Fund: Ensure the emergency fund remains intact and adjust its size based on your monthly expenses.
Review and Monitor: Regularly review your portfolio's performance and adjust investments as needed to align with your financial goals and market conditions.
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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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