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Sushil

Sushil Sukhwani  |322 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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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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Ashwini

Ashwini Dasgupta  |64 Answers  |Ask -

Personality Development Expert, Career Coach - Answered on Feb 06, 2024

Asked by Anonymous - Dec 22, 2023Hindi
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Dear Ashwini ji, I returned from Gulf after a decade, my work was partially data analysis using advanced excel. Now, I am 40, unemployed, almost about to complete online Msc in data science from an indian university (now I am almost well versed with different tools). Should I start looking for work in India now?, with a cut throat competition, if I am lucky I'll end up with a fresher salary! Or should I go for another masters in Germany (cost ain't issue), return to India and then look for job? Firstly, what if after 2 years (I'll be older!) market conditions are worse? Secondly, I had earlier career gaps, so even after masters from Germany, I am guessing major MNCs wont ever consider me? Waiting your answers.
Ans: Hi Sir/ Madam,

Sorry for the delay in the response.

Given the current situation it contains several factors hence you will have to consider your goal, market conditions and your own preferences. There is no direct solution and importantly it has to be your own decision.

As you have already completed MSC Data science (niche field) please check the current market situation.
Speak to experts in the similar industry and do your own assessment.
Before joining MSC course you would have thought of something why you want to pursue the same. What is the goal you have in mind.
Before pursuing the course in germany understand that it will involve cost and time. Again what is the goal of doing.
On the career gaps you mentioned- be prepared on the responses by having some rational around the same as to why you have those gaps. Responses should be compelling.

While they say age is just a number it does have its own cons during job hunt. Be realistic, practical and do pros and cons either ways. At the end the decision should be yours alone depending on your personal circumstances and career goals.

Hope this helps


Thanks
Ashwini Dasgupta
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Aashish

Aashish Sood  |100 Answers  |Ask -

CAT, Management Expert - Answered on Mar 08, 2024

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I am Asish Kumar Singh Staying in Bangalore, completed my secondary education in Kolkata from CBSE and Higher Secondary from NIOS as I was not able to pass exam due to my mistake as I missed to see that 6th subject is not entered in my admit card .after wasting 2 years decided to pass from open schooling.Came to Bangalore due to my father new office joined.Joined Degree College in Bachelor of Commerce completed in 2020 (Corona Batch ) .As the market condition was bad I got offer from domestic customer support which I joined after working for 1 years 6 months I decided to further studies for which I joined Online MBA as I also wanted to work and again looking for job and got opportunity from HSBC for UK process but as the process was tough I was able to work only for one year.Now I am jobless and decided to upgrade skills by doing Data Analytics Courses . Please tell me ia this a good decision
Ans: See sometimes there is no good option. You just deal with the cards that you have been handed down

I would say that you took the best course of action that was available to you.

Could there have some other path? Yes. Would it have been better? Maybe or maybe not!

Coming to latest updates, Data analytics is a rapidly growing field, with businesses across industries increasingly relying on data-driven insights to make strategic decisions. This has led to a surge in demand for professionals with expertise in data analytics.

By acquiring skills in data analytics, you open up a wide range of career opportunities in sectors such as finance, healthcare, marketing, e-commerce, and more. Roles could include data analyst, data scientist, business analyst, or data engineer, among others.
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Career Coach  |34 Answers  |Ask -

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.
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Sushil

Sushil Sukhwani  |322 Answers  |Ask -

Study Abroad Expert - Answered on Apr 26, 2024

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Sir, my daughter is going to finish her BA with Psychology Honours from Indraprastha College for Women, Delhi University. She has received an offer to pursue her MSC in Organizational Psychology from University of Manchester, UK. We would like to know more about the future prospects of this course and the employability. Also, we would like to know how different it is from an MBA in Human Resources?
Ans: Hello Rohit,

To begin with, thank you for contacting us. I am glad to hear that your daughter is going to complete her Bachelor of Arts (BA) with Psychology Honours and has received an offer to pursue her Master of Science (MSc) in Organizational Psychology from the University of Manchester in the UK. To answer your question first, I would like to tell you that your daughter will be offered a solid basis in understanding human behavior in the workplace as well as real-world abilities in fields viz., talent management, employee evaluation, and organizational development through pursuing a Master of Science in Organizational Psychology from the University of Manchester. Students pursuing this degree are provided with the information and skills required to tackle different difficulties that organizations encounter, viz., leadership effectiveness, employee motivation, and team dynamics.

Concerning your query regarding the future prospects and employability, I would like to tell you that with businesses recognizing the significance of comprehending and maximizing their manpower, the demand for organizational psychology continues to rise. You would be glad to know that your daughter can choose from many different jobs including talent management, training and development, human resources, organizational consulting, and other positions with this degree. Remember that organizational pyschologists are respected for their ability to use psychological principles to enhance productivity in the workplace, employee satisfaction, and efficiency of the organization.

Next, coming to your query as to how this course is different from an MBA in Human Resources, I would like to let you know that an MSc in Organizational Psychology in comparison to an MBA in Human Resources generally places a greater emphasis on the psychological facets of the behavior and growth of organizations. Although topics associated with managing people within organizations is also covered in an MBA in Human Resources, it frequently adopts a more comprehensive corporate viewpoint encompassing fields viz., strategy, marketing, and finance.

I would like to tell you that your daughter's interests and professional objectives play a key role in deciding between an MSc in Organizational Psychology and an MBA in Human Resources. An MSc in Organizational Psychology would be a better choice if your daughter is interested in studying human behavior in the workplace and wishes to gain expertise in fields viz., leadership development, employee well-being, and organizational culture. On the contrary, if your daughter wants to acquire a deeper understanding of business management with a concentration on Human Resources (HR), and aspires to work in more general management positions within organizations, then an MBA in Human Resources may be an appropriate choice.

Remember that both paths can result in lucrative employment prospects. When making an informed choice, I would suggest that your daughter carefully takes into account her strengths, personal interests, and future professional objectives. Moreover, in order to acquire valuable information pertaining to the prospects following the completion of either degree, I would recommend that your daughter conducts a comprehensive study on particular labor markets as well as gets in touch with experts of both the domains.

For more information, you can visit our website.
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Sushil

Sushil Sukhwani  |322 Answers  |Ask -

Study Abroad Expert - Answered on Apr 26, 2024

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Dear Sushil, My daughter is 23 years old , finished her MBA from KIMS and got a job in Kirloskar Pune as a HR BP ( Management Trainee)in Jan 2024. Her results were good throughout. Topped 12 from Aditya, BSc Botany from Lady Brabourne kolkata ( 1st class first). Sir, we can't manage funds for going to abroad. Kindly guide us about her next step so that her career escalates. Sanchita
Ans: Hello Sanchita. Thank you for connecting with us. Congratulations to your daughter on her academic achievements and securing a position as an HR business partner (management trainee) at Kirloskar Pune. It is evident that she has a strong academic background, leading to promising career prospects ahead. It is understandable that there are financial constraints at the moment. Furthermore, let me tell you that there are educational loans that would be available for your daughter’s education abroad. Given your daughter’s excellent academic background, she can be eligible for scholarships and financial aid, either fully or partially. This would help your daughter manage her finances well abroad.There are some universities that come with financial aid packages like grants, loans, and work opportunities. This is specially designed to cover tuition fees, living expenses, etc. In addition to this, there are work opportunities as well, which would also be a good option for your daughter. By carefully planning and prioritising expenses, financial challenges won’t be an issue.

All the best to your daughter in her future endeavours.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.
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Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

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Sir my age is 25 and I am earning 29000 per month.i am in govt sector.i am investing 20000 per month in sip in the following funds Motilal Oswal midcap fund 3000 HDFC s&p sensex index fund 4000 Motilal Oswal Nasdaq ETF 3000 Axis small cap fund 2000 Nippon India small cap fund 2000 ICICI prudential nifty 50 ETF 2000 US S&P 500 SPDR ETF 4000 And lastly 1000 in bitcoin but that I don't count because it's very risky and I may lose my money in bitcoin so I consider 20000 as my sip amount instead of 21000....sir kindly check my sip distribution if needed any changes..I will stay invested in market for 20 years and I want my wealth to grow so that I can retire at 45.. kindly provide me your valuable suggestions
Ans: Your commitment to investing at such a young age is commendable and lays a strong foundation for your future financial security. Let's review your SIP distribution to ensure it aligns with your goal of retiring at 45 and maximizing wealth growth over 20 years.

Your current SIP allocation demonstrates a diversified approach, spanning various sectors and geographies. However, given your long investment horizon and goal of wealth accumulation, it's essential to consider a few aspects:

Risk Tolerance: While your portfolio includes both domestic and international equity exposure, it's important to assess your risk tolerance. Small-cap and mid-cap funds tend to be more volatile but offer higher growth potential over the long term. Ensure you're comfortable with the level of risk associated with these investments.
Asset Allocation: Evaluate your asset allocation to ensure it reflects your risk appetite and investment goals. Consider allocating a portion of your portfolio to more stable assets like large-cap funds or debt instruments to balance risk and potential returns.
Review Periodically: As your financial circumstances and market conditions evolve, periodically review your SIP distribution to ensure it remains aligned with your goals. Rebalancing your portfolio may be necessary to maintain diversification and optimize returns.
Emergency Fund: Building an emergency fund equivalent to 3-6 months' worth of expenses is crucial to mitigate financial risks and ensure stability during unforeseen circumstances.
Regarding your Bitcoin investment, it's advisable to exercise caution due to its speculative nature and lack of proven track record. Cryptocurrencies are inherently risky and have not stood the test of time like traditional investment options. Consider focusing on more established and less volatile investment avenues for long-term wealth accumulation.
As a Certified Financial Planner, I advise you to consult with a financial advisor who can provide personalized guidance tailored to your specific financial situation and goals. Together, we can refine your investment strategy to optimize growth and set you on the path to achieving your retirement objectives.
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Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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I am 53 years old. I have fd of 20 lakh, pf of 15 lakhs, ppf of 15 lakhs, stock of 55 lakh, mf of 50 lakh. I invest in 5 lakh yearly in a ulip scheme, 3 lakh yearly in lic pension fund and do sip of 35000 across different mf. Am i retirement ready? I am a single person. I have no dependents. After retirement i will need sbout 80000 pm and will need 7 lakh per year for travelling.please advise
Ans: Given your diversified investment portfolio and diligent savings habits, you're certainly on the right track towards a comfortable retirement. However, let's delve deeper into your financial landscape to assess your readiness.

Your FDs, PF, PPF, stocks, and mutual funds collectively form a robust foundation for retirement. Your annual contributions to ULIP and LIC pension fund further bolster your retirement corpus. However, to ensure your desired lifestyle post-retirement, it's crucial to evaluate if your current investments align with your retirement income needs.

Considering your annual expenses post-retirement, including living expenses and travel aspirations, it's prudent to analyze if your existing investments can generate sufficient income. Additionally, factoring in inflation and potential healthcare expenses is paramount.

As a single individual with no dependents, your retirement planning focuses solely on your own needs and aspirations. While your investment portfolio appears substantial, a detailed retirement income projection would provide clarity on whether it adequately meets your desired lifestyle post-retirement.

As a Certified Financial Planner, I recommend conducting a comprehensive retirement planning analysis to ensure your financial goals are met with confidence and peace of mind. Together, let's fine-tune your retirement strategy to ensure a fulfilling and financially secure future.
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Ramalingam

Ramalingam Kalirajan  |884 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 26, 2024

Asked by Anonymous - Apr 26, 2024Hindi
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Hi i am 40 years old and working in private sector. Current investments in SIP's are UTI index and I Pru next 50 @ 1000/weekly, Nippon Small Cap @ 1500/Weekly also HDFC Mid cap opportunites @ 1000/weekly. I also have monthly SIP's in Canara Robeco Emerging Equities @ 2000,Invesco Multicap @ 2500, Mirae Emerging Bluechip @ 2500, Mirae NYSE Fang ETF FOF @ 5000, Quant Small cap @ 2000, PPFAS flexicap @ 2500, UT Flexi @ 2500. Most of the SIP's have been started in last 2-3 yeasr.
Ans: It's commendable that you've taken proactive steps towards securing your financial future, especially with such a diverse portfolio of SIPs. At 40, you're in a crucial phase of life where every investment decision counts. Your commitment to regular investing reflects a thoughtful approach to wealth accumulation.

With SIPs spread across various sectors, you've embraced the beauty of diversification. But have you ever pondered over whether your current investments truly align with your long-term goals and risk appetite? It's crucial to periodically reassess your portfolio's composition to ensure it remains in sync with your evolving financial aspirations.

Remember, the journey to financial independence is akin to a marathon, not a sprint. Each SIP contribution represents a step forward on this journey, building wealth brick by brick. As a Certified Financial Planner, I appreciate your dedication to securing your financial future and encourage you to continue this journey with wisdom and foresight.

In the vast landscape of investment opportunities, your portfolio reflects a tapestry of choices tailored to your vision. But as with any masterpiece, periodic reflection and adjustment are essential to ensure its continued brilliance. Let's navigate this journey together, crafting a future that's both prosperous and fulfilling, one SIP at a time.
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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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