When do you see the need of planning finances as an ENGINEER?
As a student, though your parents may make major efforts to pay your college fees, you as a student would have to plan your finances. Right from paying for a paid seat in college vs a free seat to funding your fresher party ticket amount, your parents take care of it. The accepted culture in this aspect is ironical. When parents face this task of spending money, they crib yet pay for their children. Once it is paid somewhere a false ego of parents bloats and the act of paying for such merry gets justified. This note is for parents and students who want to state a difference and are ready to approach finances practically.
- Personal finances: Planning personal finances at college seems next to impossible. When we inspect into the money we spend on various things and prepare a log of it, we understand how much mismanagement of money takes place. Especially in urban India, youth are not introduced into the habit of recording expenses. However, inculcating this habit would prove purposeful and useful in your career days.
- Further education: The herd trend among engineers in India is that, after their engineering course, students either tend to pursue MS in a foreign country or get into a job. Irrespective of, whether you are following this trend or not, you need to plan your finances for further education which could masters in science, MBA or PhD as you proceed in life.
- Your future and Career: Most students who step out as engineers engage is different worlds and turn out to be something fascinating. Youth at this juncture are seeing dreams with eyes wide open. To fulfill these dreams you need to get into the habit of financial planning.
- Contingencies may manifest in any form. Sometimes they are harsh to handle. Spare some money aside to handle them boldly.
For your career, at a later time, you will feel that your world has expanded. You need more to survive. You opt to join a job to accomplish many personal aspirations as well as those coined with your family’s aspirations.
- Career learning: As you start your career, you would realize that the skill sets acquired at college are not enough for you to excel. With this realizations starts your second round of learning. This includes certification courses, management programmes and other professional courses. This again demands money.
- Living: In Indian culture children and parents are together irrespective of age. Now the trend has set in where girls and boys are building their mini forts by staying on their own to pursue their career in different cities. With this you become the owner of your life, which means you will have to pay for your living expenses like food, water, utilities, telephone and so on.
- Your family: One fine day you have to take complete responsibility of your family and that is the day you will be proud that this article prepared you to plan your finances. You family will demand your presence as well as your material assets. So watch out and preparing from today.
HAPPY FINANCIAL PLANNING!
Courtesy: US News
All jobs aren’t created equal. In fact, some are simply better than the rest. U.S. News 100 Best Jobs of 2013 are the occupations that offer a mosaic of employment opportunity, good salary, manageable work-life balance, and job security. Some careers offer just the right mix of these components—for instance, our top tier is filled with tech and healthcare jobs—but the list also includes strong showings from occupations in the social services and business sectors. Even construction jobs enter the fray this year. Read more on how we rank the best jobs, and check out our full list.
Should universities utilize alumni more for career development for current students? Alumni is a great resource to be used to connect with the students of a college. The students who have passed out of college, step on their journey of discovery while settling in different careers.
How can Alumni be used for the benefit of students?
Case study: Some of the students from alumni would be able to help by sharing the ongoing industry stories and provide a great bank of case studies.
Industry exposure: Colleges can build tie-ups with the companies in which alumni are associated with. Students could be provided first hand experience of the pertinent industry updates and trends.
Guest Lectures: Colleges scramble for speakers. Alumni settled in good jobs could be invited as speakers for guest lectures and college events.
Internships: Access to companies where alumni is placed is easier versus a new company. Such access could be used to generate more fruitful and well designed internships.
Mentoring: As mentioned earlier alumni could be a capable source to provide industry exposure. Hence, some of the alumni could be recruited for an ongoing programme to mentor students on projects, subjects or any other industry related assignments.
Placements: With a strong industry network it becomes achievable for colleges to place students in good companies.
- Is internship earning or learning? (hobbycollegecareer.wordpress.com)
A glaring trend in the Indian student community, in the recent times is “Internships”. How far is the student troop marching towards true value for internships. Why is this trend gaining more and more attention among colleges?
Why do companies offer internships?
- To fill temporary gaps
- To build an ecosystem within the industry
- To screen for full-time careers in their firm
- To promote innovations
- For academic research
With these reasons and a lot of other companies are more and more willing to encourage internships.
What should students expect from internships?
Internships typically last from a month to an year. 4 to 6 months is a reasonable duration for a student to achieve an internship’s objectives. Students should opt for internships when they need
- A learning environment
- Exposure to industry
- Easy access to the right employer for a permanent job
- Some exclusive time to experiment their skills
- Free mentoring and a professional experience
- Lastly, a stipend for their pocket money.
Internships have to be looked at as opportunities for both learning and earning.
- Design interns, design your career (hobbycollegecareer.wordpress.com)
- Top 5 internships in 2013 (hobbycollegecareer.wordpress.com)