tag:blogger.com,1999:blog-9605787.post5777243183066539477..comments2023-12-24T01:23:48.970+05:30Comments on Youth Curry - Insight on Indian Youth: Career query of the weekRashmi Bansalhttp://www.blogger.com/profile/17447667745099994241noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-9605787.post-86550598663048159082010-07-06T11:38:07.987+05:302010-07-06T11:38:07.987+05:30Nice conversation. I would suggest this guy to go ...Nice conversation. I would suggest this guy to go for a PhD if he is willing to devote some years of his life, without worrying about money, towards the research and thesis. He should not be thinking in terms of opportunity cost at this stage.<br />There would be no bigger opportunity cost than not pursuing an education that one loves.<br />Money will follow...passion should be there.<br /><br />Happened to read this post on the right day as today morning I was contemplating about starting a blog on making education-and-career related choices.Anish Goyalhttps://www.blogger.com/profile/15285271285367447821noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-11583106046282095992010-06-29T17:45:36.677+05:302010-06-29T17:45:36.677+05:30The non-chalant way in which u've spoken abt n...The non-chalant way in which u've spoken abt not to worry abt house loans and not worrying abt living in a house of ur own.... is simply put quite amazing!<br /><br />It takes a lot of convinction in ur abilities to understand that ur good enough to purchase a house later in life!<br /><br />Love this attitude, normally which is not easy to find or establish! I'm sure any young person going thru this post would get hope and would believe in their ability, take afew risks realizing that unless that is done.. their potential would not come out!<br /><br />Thank for the post ma'am, reaffirms my faith in ur thought process and justifies my following your blog! Kudos.. :)Chirag Shahhttps://www.blogger.com/profile/05854602506021416047noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-18412072091704173692010-06-25T18:16:51.452+05:302010-06-25T18:16:51.452+05:30A Phd is a very big commitment. Cons when it comes...A Phd is a very big commitment. Cons when it comes to Phd.<br /><br />1. Your degree is dependent on one person - your advisor. If your equation sours with that person, your entire degree may be in jeopardy. <br /><br />2. The pay that you earn as a Phd is much less, than what you will make as a techie. I would say it is comfortable, but you cannot afford luxuries (especially if you get married and your wife is a dependent), such as a trip to Vegas.<br /><br /><br />3. If you live in a teeny - tiny university town, you will see people coming for MBA/MS depart after 2 years, and therefore you may be left with no constant friends. <br /><br />4. Phd involves research. And research has no guarantees. If you do not get good results soon, you may not finish in time. I know people who have completed their Phds in 7 years. <br /><br />My husband is doing Phd, hence the 2 cents of advice.tilohttps://www.blogger.com/profile/17866579428136535967noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-39617982808713477432010-06-20T12:37:41.132+05:302010-06-20T12:37:41.132+05:30i am an IIT grad, and doing a Finance PhD abroad (...i am an IIT grad, and doing a Finance PhD abroad (end of year 5), drop me a mail at tanmay.satpathy@gmail.com for questions.Tanmayhttps://www.blogger.com/profile/03838280306835688133noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-14001710608724084132010-06-18T17:42:38.999+05:302010-06-18T17:42:38.999+05:30Hope my suggestion makes ur life easy lil bit.
I’...Hope my suggestion makes ur life easy lil bit.<br />I’m a B.Tech graduate from IIT Madras and currently pursuing MS in Mathematics(Industrial) in Germany. Hopefully I’m also moving to USA by next year to pursue some courses like MS in financial eng or Mathematical fin (coz currently m working in the same field.)<br /><br /> Dear Young man from your conversation it’s nt clear whether u r passionate abt making money (get-rich-quickly type) or u’r really passionate and ready to give it everything type for some path-breaking innovation in technology or better in finance or if I narrow down the option it’ll straightaway hit financial mathematics domain.<br /><br />1.If you wanna make money then it’s nice path but aftr a while u’ll feel it like a mundane job with coding everyday or drawing comparison graphs etc etc and reporting type.But it pays you good. <br /><br />2.For real breakthrough and to be a quant u cant afford to skip all those pure mathematics which sit at the heart and soul of every applied mathematical area.Like you need to know things like Topology,algebrain geometry(partially),heavy functional analysis,stochastic calculus ,numerics ,variational formulation ,Ergodic theory etc etc(All of these require a strong 4 years bachelor in mathematics program type…) …Hence if you really wanna come to these area give up everything else and start building a sound background in mathematics from now onwards…Then pursue PhD in any applied mathematics with computing flavour and then jump to finance..<br /><br />Else if you wanna make money fast then do MBA and later on with some executive program you can come to this sector to be a trader but not a quant…Unknownhttps://www.blogger.com/profile/01252352701492374553noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-79228749971211380652010-06-18T15:45:46.312+05:302010-06-18T15:45:46.312+05:30I am enlightened my reading the post!I am enlightened my reading the post!Karan Agrawalhttps://www.blogger.com/profile/16949202657516921625noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-3050643183645144292010-06-18T12:13:15.371+05:302010-06-18T12:13:15.371+05:30Regarding EMI, I think I did a smart thing. At 25,...Regarding EMI, I think I did a smart thing. At 25, I own a flat in Bangalore. But I made sure that EMI doesn't bother me too much. So I chose a sub-25 Lac one so that I have to pay EMI of 17.5K I bought a 850 sq ft flat. Neither big nor small.<br /><br />So even if I want to go for studies later, I can recover 50% of EMI by renting the flat and the rest 10K for 2 years, approx 2.5 lac from my savings.<br /><br />As I get into job after my studies, I can continue paying my EMI. <br /><br />This way I need not compromise on flat or studies.MS Vivek Chaitanyahttps://www.blogger.com/profile/11838830648309636873noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-34487485687813794692010-06-18T12:01:03.674+05:302010-06-18T12:01:03.674+05:30Awesome advice on EMI. Live without fear. Thank go...Awesome advice on EMI. Live without fear. Thank god someone out there has same thoughts as mine. Instead of having materialistic wealth at 25, I prefer to increase my thirst for more and more knowledge and learning. Thanks Rashmi!!Anonymoushttps://www.blogger.com/profile/13937365759339701946noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-27382090492662046152010-06-18T11:22:39.588+05:302010-06-18T11:22:39.588+05:30Very Good website. I like the contents. From www.e...Very Good website. I like the contents. From www.expressflowershyderabad.com.sonihttps://www.blogger.com/profile/12274537024512038274noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-54121893610173679652010-06-17T23:05:09.075+05:302010-06-17T23:05:09.075+05:30Hahaha! Funniest post in a while:). So tell me dea...Hahaha! Funniest post in a while:). So tell me dear Phd path, since you mentioned somewhere in between that If money was not a factor you would love to do advanced studies and research. <br /><br />Here is a little hard fact: If money is NOT a big factor, you would like to excel in your PHD and do the very best for the one thesis you will work on whenever in life you get around to doing it. The income to pay off your upcoming emis will happen, a Nobel....maybe!<br /><br />Now please admit that money is indeed your greatest motivator at this early juncture in life, and proceed to queue for an M.B.A. from a tier 1 school.u_chillhttps://www.blogger.com/profile/09085885553005337585noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-76675507199799099752010-06-17T20:52:11.078+05:302010-06-17T20:52:11.078+05:30I would like to congratulate Rashmi for helping pe...I would like to congratulate Rashmi for helping people like this chap here. We need more blogs like yours which promotes a healthy discussion about ones career choice.<br />I am currently working on my PhD from George Washington Univ. in engineering. I am a working professional in US and I am doing this as part time. Although I am part time but this course is highly paced cohort and heavier than full time PhD. I did my MS from US (UNC) as well and can tell that PhD in three years with MS would be one hell of a task. I doubt if any advisor from top US School would let you do that. For PhD one has to first qualify as a PhD candidate and for that only it takes at least 2 years of persistent work on top of course work. Qualification for PhD candidate from Top US school require at least one peer reviewed Journal article which would take minimum 6 months and that when you already have identified an acceptable research topic to your advisor and research committee. <br />I no ways I am saying PhD would be tougher than MBA or MS in financial engineering, I am not in a position to make that statement since I have no clue about MBA. BTW phdcomics strips (piled higher and deeper) are sometime very relevant to a Grad student life working on their research!abhihttps://www.blogger.com/profile/11676015179569680683noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-57284942511190887202010-06-17T15:25:16.320+05:302010-06-17T15:25:16.320+05:30what he hasnt indicated is whether he likes to sit...what he hasnt indicated is whether he likes to sit poring over books on and on for over 5 years.. if u can, then u shld..How do we knowhttps://www.blogger.com/profile/01763488475931737293noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-89623748003374821882010-06-17T12:48:56.143+05:302010-06-17T12:48:56.143+05:30Hello Rashmi mam..!! Kindly tell me where should I...Hello Rashmi mam..!! Kindly tell me where should I post my career query..??Aficionadohttps://www.blogger.com/profile/12940663388512739959noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-70850129180888657712010-06-17T12:42:54.273+05:302010-06-17T12:42:54.273+05:30Frankly, I haven't come across anyone who has ...Frankly, I haven't come across anyone who has pursued Ph.D. because it offers better career (validity of that argument itself can be questioned.) They have done it because of the interest in that field.<br /><br />I'm also surprised that you talk about finishing Ph.D. in 3 yrs. Typical duration that I know of is 5 yrs. More over, almost 50% of students enrolling for PhD in US don't complete it. And, these are all 3.9/4.0 GPA students in their undergrad studies. (Check<br />http://en.wikipedia.org/wiki/Doctor_of_Philosophy#Time )<br /><br />Given how difficult earning a PhD is, you need a very strong motivation to do it. Great career is a rather weak reason.<br /><br />As an alternative to MBA, you can take up a job that fits in your long term career path, even if you have to take a small cut in pay right now. Doing something that you don't want to do in long run just for the sake money is also an opportunity cost.Shashikant Korehttps://www.blogger.com/profile/02867331057985056674noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-47991809825776173752010-06-17T12:28:53.404+05:302010-06-17T12:28:53.404+05:30nice conversation .. it was a recall for me about ...nice conversation .. it was a recall for me about me taking a decision in my life..<br />Today you can achieve even more and not for working for some one else... Work for self..love to help people.. you make good money..<br /><br />Satya<br /><a href="http://www.srishtiindia.com" rel="nofollow">srishtiindia</a>Satyanarayan G Nhttps://www.blogger.com/profile/07285950322455916346noreply@blogger.comtag:blogger.com,1999:blog-9605787.post-64210907165023921022010-06-17T12:13:49.816+05:302010-06-17T12:13:49.816+05:30EMI is really a sword hanging always .Even if a ma...EMI is really a sword hanging always .Even if a man earns ^5-6 P/A its qutie difficult as the house costs more than 25 laces and monthly heavy expenses are also there.<br />There is always insecurity in life whether he is a PM or CM.<br />He can choose any one whatever his conscious allow because one can give the best advice onself as he knows all his pros and cons.<br />Whatever he does MBA or Ph.D. he must forget second one as chasing two rabbits means getting neither.<br />It seems he is quite inteligent and higly ambitious.<br />Go ahead fith firm faith and never look back dilemma is always fatal.<br />He is going to win sure his battle of life.Rajhttps://www.blogger.com/profile/06597387983342640399noreply@blogger.com