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HindustanTimes Tue,02 Sep 2014
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UGC to outsource NET exam to CBSE

UGC
The University Grants Commission (UGC) has decided to outsource the National Eligibility Test (NET)  for lecturers to CBSE.

Indian Institute of Management, Indore

Eligibility: The candidate must have a bachelor’s degree or its equivalent and must have completed at least five years of ­managerial/professional experience. The ­programme is open to candidates of all ­nationalities.

Monash International Merit Scholarships in Australia, 2015

Monash University is awarding up to 31 merit scholarships for international students. These scholarships will be awarded to undertake full-time undergraduate or postgraduate (coursework) degree at a Monash campus in Australia.
 
Q.
My daughter is pursuing a dual degree in actuarial science from Amity University, Noida. She scored 10 CGPA in Class 10 and 94% marks in Class 12. What are the career prospects after finishing this course? She is also considering BSc honours in maths from Panjab University. —RK Khanna
-8/27/2014 12:46:00 PM
A.
The integrated programme of BSc plus MSc in actuarial science is a good programme if your daughter is ­definitely interested in a career in ­actuarial science and wishes to work in the insurance sector. This is a four-year programme in which she will be studying subjects such as actuarial risk management, statistics and probabilistic modelling for life insurance, principles of actuarial process, liability insurance etc that will prepare her for a career in insurance and actuarial science. On the other hand, the BSc in math will give her a broader base with many options to pursue further, including actuarial science. After graduation in math, she can go in for market research, specifically quantitative research, or take up MBA, and make a career in the world of business, finance or insurance using mathematical modeling and computional methods to solve problems in these areas. She can also consider options in careers such as chartered accountancy, cost accountancy, chartered financial analysis, stocks and securities or any other related areas, where having a numerical skill is an advantage. In addition, if she still wishes to take up an actuarial job in the insurance industry she can take up a master’s degree in actuarial science or clear the exams conducted by the Institute of Actuaries of India. ----- Usha Albuquerque
Q.
I am a civil engineer working with a renowned group. I have four years of work experience and now I want to do MBA in marketing through distance learning mode because my ­company specialises in ­marketing. Please advise me which college would be best for an MBA through distance mode and which is also approved by the University Grants Commission and the Distance Education Bureau. —Sumit Kumar
-8/27/2014 12:45:00 PM
A.
An MBA education through distance learning is ideal for a working professional like ­yourself, as your work ­experience will help you with the study course and give you the skills required to improve your job prospects. Today, there are several good MBA programmes through distance learning, many of which provide learning centres for help with your studies, as well as some counselling and tutoring in a classroom environment which can help a student evaluate his progress. Some of the well-recognised institutes providing MBA courses through distance learning and approved by the All India Council for Technical Education and UGC include –

  • Institute of Management Technology, Ghaziabad – One-year postgraduate diploma in marketing ­management 
  • Narsee Monjee Institute of Management Studies, two-year ­postgraduate diploma in marketing management 
  • Symbiosis Centre for Distance Learning – two-year postgraduate diploma in ­marketing management 
  • All India Management Association, Centre for Management Education - postgraduate diploma in management with ­specialisation in marketing 

There are several other institutions, including Indira Gandhi National Open University and ICFAI University, Hyderabad, that offer MBA in distance mode. The distance education ­programmes of IIMs are also available at three centres – IIM Kozhikode, IIM Calcutta, and IIM Bangalore. ------ Usha Albuquerque
Q.
My daughter is a Class 12 ­commerce student with 9.2 CGPA in Class 10. She has to appear for the chartered accountancy test in June 2015. She is also thinking of taking the Common Law Admission Test (CLAT). Please ­suggest which is a better option for her? —Sujata Sharma
-8/20/2014 2:45:00 PM
A.
Both CA and law are excellent career options, but you also need to consider if they are suitable career options for your daughter. The CA programme is a very challenging and a strenuous course of study and suitable for those with good analytical and numerical skills and who enjoy accounting work. If she clears CPT, she would then be starting study for integrated professional competence course after Class 12, which includes practical training (articleship) with a practising chartered accountant for a period of three-and-a-half years and one-and-a-half years (42 months). This is like full-time work and is aimed at imparting practical knowledge to the students pursuing CA course along with the theoretical education. During this period, she will not be able to take up any other full-time degree programme in college.

If required, however, she can do BCom through distance learning/correspondence. She will also have to train in information technology for 100 hours during the first 15 months of her articleship with the institutes accredited by the Institute of Chartered Accountants of India. After this, she will have to appear for the professional competence examination (PCE) conducted twice in a year, May and November. Level three is the final course which she will need to pass after undergoing a general management and communication skills course. If she is interested in pursuing CA, it is advisable that she also study BCom alongside through correspondence. BCom will not only add value to the CA study, but in case she does not complete CA, she is eligible for other options like CS or CWA and so on.

Law continues to offer excellent career prospects and is in fact becoming as popular a career choice for students as business management. With so many multinationals streaming into the country, lawyers dealing in corporate law and international collaborations are much sought after. To become a good lawyer you need to have above average intelligence, analytical abilities and excellent communication skills. There are other career options too, including banking, mass communication, business management. So she should really explore those that interest her and match her abilities.

Moreover, if she is still undecided after Class 12, it may be wiser to take up a good graduation course such as BCom, BA (economics) or BBA and defer the professional course to postgraduation, when she is more sure and confident about her future career goals. Both CA and law can be done after graduation in any subject. -------- Usha Albuquerque
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