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Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Jun 05, 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 - Jun 01, 2023Hindi
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Career

After completing B.Com I was planning to do Masters in Finance and accounting (with embedded ACCA) in UK. But now I feel that having some experience before doing masters is better considering that employment after Masters will hinge on prior work experience. Is my thought process correct? Though I see job openings for freshers in Bangalore, I am not aware of the success ratio because I recently relocated to Bangalore with family. Should I look for a job or pursue higher studies?

Ans: Hello,

To begin with thank you for getting in touch with us. In these competitive times, pursuing further education is crucial. Yes, you can apply for a Master's degree in the UK. The program lasts a year, and you may be eligible for a Post-study Work Permit afterward. We would strongly advise you to submit an application for a Master's degree at one of the reputable universities in the UK. For the past 30+ years, we have represented a number of universities in the UK, and our knowledgeable team can assist you in achieving your objective. For comprehensive step-by-step instructions, kindly contact us via phone or email. Thank you.

For more information, you can visit our website.
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Workplace Expert - Answered on Jan 09, 2024

Asked by Anonymous - Jan 09, 2024Hindi
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I am doing a Bachelors in Computer Engineering from Mumbai University (Swami Vivekanand College), and am considering doing a Master's in Computer Science from USA. Would you recommend that I take some work experience before joining the Master's course, or should I immediately join the Master's course after my degree here?
Ans: The decision of whether to gain work experience before pursuing a Master's in Computer Science from USA depends on various factors and personal preferences. Here are some considerations to help you make an informed decision:

Pros of gaining work experience before Master's:
1. Practical Skills: Work experience can provide you with practical skills and real-world knowledge that can complement your academic background.

2. Networking Opportunities: Building professional networks during work can be valuable for your future career. Networking can open up opportunities, provide mentorship, and offer insights into the industry.

3. Financial Stability: Working for a few years can help you save money and make you more financially stable, which can be beneficial during your Master's program.

4. Clarification of Goals: Work experience can help you clarify your career goals and interests, allowing you to tailor your Master's program accordingly.

Pros of pursuing Master's immediately:
1. Continuous Learning Momentum: Going directly into a Master's program maintains the momentum of academic learning. If you feel motivated and ready for more advanced coursework, this could be an advantage.

2. Timely Entry into the Job Market: Completing your Master's earlier may allow you to enter the job market sooner, especially if your desired career path requires an advanced degree.

3. Fresh Knowledge: If you're concerned about your academic knowledge becoming outdated, pursuing a Master's immediately can ensure you are equipped with the latest skills and technologies.

4. Specialization: If you have a clear idea of the specialization you want to pursue and your Bachelor's program did not cover it adequately, going directly into a Master's program can allow you to focus on your specific area of interest.

Factors to consider:
1. Career Goals: Consider your long-term career goals and whether work experience aligns with them or if further education is more beneficial.

2. Financial Situation: Evaluate your financial situation and determine if you can afford to pursue a Master's immediately or if working first would be more practical.

3. Industry Requirements: Some industries may prefer or require candidates with work experience, while others may prioritize advanced degrees.

4. Personal Readiness: Reflect on your personal readiness for further education. Are you motivated and prepared for the academic challenges of a Master's program?

Ultimately, both paths have their merits, and the right choice depends on your individual circumstances and goals. It may be helpful to speak with professionals in your desired field, mentors, and academic advisors for personalized advice.

..Read more

Latest Questions
Janak

Janak Patel  |41 Answers  |Ask -

MF, PF Expert - Answered on May 25, 2025

Asked by Anonymous - May 15, 2025
Money
I am 36 years old, earning around 1.6 lakhs per month, I have car loan for 7 years and paying 25000 per month, I bought a land property 3 years back and its current evaluation is 35 lakhs, I have a ulip plan of 2lakhs per years and the premium was for 7 years ( completed) and holding period is 3years, total fund accumulated is 22 lakhs. I have a liquid reserve of 20 lakhs. Can u tell me if I have to accumulate 8 crore at the age of 60 , what should I do?
Ans: Hi,

Lets look at your investments and see what you will be able to achieve at the age of 60.

ULIP - This is a insurance + investment product and as you have completed your premium term of 7 years you should be able to access this amount (now or 3 years later). It may seem to be a good product but I believe on both Insurance and Investments there are better products. First the insurance cover is not substantial and the charges are quite high. They will manage to invest the amount just like a Mutual fund. Its better to split insurance and investment. If you are looking at this amount like an investment, then the amount of 22 lakhs is available as a starting point, over the next 24 years if invested at 12% rate (typical returns in Mutual Funds), you will be able to accumulate 3.33 crores. You can buy a term life cover of a high value (much higher than the ULIP cover), for a very low premium and you should definitely get that and com out of the ULIP.

Savings of 20 lakhs - I suggest you keep about 10 lakhs aside in some FDs as your emergency fund - to be used only for any unexpected/emergency situation. This will grow to 40 lakhs at 6% over the next 24 years.
The remaining 10 lakhs should be invested in Mutual funds and at a 12% returns after 24 years this will accumulate into an amount of 1.51 crores.

Thus you can accumulate approx. 5.25 crores with these 2 amounts invested as above for the next 24 years.

To achieve 8 crores, you need to accumulate another 2.75 crores. If you invest 16500 monthly into similar investment (Mutual fund SIP) and assuming same return of 12%, you can accumulate this amount.

In this process we have not considered the land property you have, as its difficult to calculate its value without knowing its location and usage/type. So you can get some estimate for it in future then you can accordingly reduce the monthly SIP requirement.

Mutual Funds are a good investment option when you consider its long term benefits - as its managed by professionals. Its important to construct a good MF portfolio and with time of your side, you should be able to achieve your goal comfortably.

Consult a fee based Certified Financial Planner/Financial advisor who can help and guide you for this.

Thanks & Regards
Janak Patel
Certified Financial Planner.

...Read more

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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