Wednesday, November 22, 2006


Career Hotline

Ensure a career in insurance
Pervin Malhotra

Q I have completed my graduation. How can I become an insurance broker (both life and general).

Nitin Kumar

A To gear up for the spurt in demand for trained insurance professionals, both for insurance and brokerage firms as well as their intermediaries (market projections peg the demand at 25,000 additional jobs), several institutes have emerged that offer courses at all levels.

Almost all the big companies impart in-house training to their freshly recruited advisors to equip them for the mandatory IRDA exam.

At a higher level, a typical course in insurance and risk management covers the fundamentals of risk and insurance, managerial accounting, strategic management, insurance-related laws, etc. Other than the regular MBA, you could consider some of the following:

  • Guru Jambheshwar University, Hisar. Course: Master’s in Insurance Business

  • Kurukshetra University, D/o Correspondence Courses. Course: PG Diploma in Insurance Business Mgt.

  • Asia Pacific Institute of Management, New Delhi (www.asiapacific.edu) Courses: 1) Practical Training for Agent’s Licence (100 hrs for Life/Non-life; 150 hrs for combined)

  • Amity School of Insurance and Actuarial Science, Amity Campus, Noida (www.amity.edu)

  • Birla Institute of Management and Technology, Pushpa Vihar, New Delhi

  • Bajaj Capital Business School, Bajaj House, New Delhi

  • CMD School of Insurance & Actuarial Sc, (Dr KN Modi Educational Trust).

  • CME (AIMA), Delhi.

  • Delhi Insurance Institute, 76 Janpath, New Delhi

  • Graduate School of Business & Administration, Greater Noida. (www.gbsaindia.com)

  • India Insurance Business School, NOIDA (www.indiainsurancehub.com).

  • Instt for Integrated Learning in Management, New Delhi (www.iilm.edu)

  • Lal Bahadur Shastri Institute of Mgmt, New Delhi (www.lbsim.edu).

  • Aligarh Muslim University, Aligarh 202002 (UP).

Preparing tax returns a job to count on

Q I have completed Maths (Hons) but am unable to find a suitable job. I would be very grateful if you could give me some details regarding a new scheme being launched by the government for tax return preparers.

— Varun Makkar

A Filing Income Tax returns can be a nightmare for most people. To facilitate matters, the government has recently launched a scheme to train a batch of professional tax return preparers (TRP) to help small and medium tax payers prepare their tax returns. This has opened a window of opportunity for self- employment for unemployed / under employed youth.

The Income Tax Department plans to provide training spread over nine days for TRPs in collaboration with the NIIT. A 15-day self-study programme will precede the actual training session to smooth out the rough edges and prepare the candidate for training.

However, as a TRP you will not be allowed to charge a fee from individuals whose income is below a specified amount (the exact figure will be determined shortly). From the rest of the tax assesses, a trained TRPs can charge up to Rs 250 per tax return. The government will pitch in by paying 3 per cent of the tax collected from new assesses in the first year as remuneration to the TRPs. In the second and third year, the remuneration will be two per cent and one per cent, respectively.

The eligibility criterion for undergoing training is a bachelor’s degree in Commerce / Law / Economics / Maths / Statistics or Management. The scheme will be launched in 100 centres spread across 80 cities. The government is fairly optimistic about this scheme and if all goes according to plan, the 5000 trained TRPs will receive their certification by February, 2007.

Nanotech the new-age choice

Q I will be completing my Class XII with PCM as subjects. I am interested in studying nanotechnology. Can you please tell me the prospects and where one can pursue higher studies in this subject?

— Chetan Kalia

A Use of nanotechnology opens the doors to a futuristic world that is usually associated with fantastical, science fiction movies. By applying an ultra thin coating of silica and plastic particles to a sheet of glass, MIT scientists have solved the problem of fogging of glass.

Chemists at the University of Edinburgh have built a molecular machine that is 80,000 times smaller than the width of a human hair that could act as artificial muscles or for targeted drug delivery in the body.

A new interdisciplinary subject combining physics, chemistry, biology and engineering, nanotechnology involves working with matter at the scale of one-billionth of a metre (1 nanometre) i.e. 5000 to 50,000 times smaller than the diameter of a human hair! The subject combination required for postgraduate studies are a Bachelor's degree with Major/ Honours in Physics/ Chemistry/ Life Sciences and PCM as subsidiary subjects.

Applicable to various fields - electronics, medicine, biology, mechanical engineering and computers, nanotech and nano science are set to revolutionise all industries. Attracting billions of dollars of global funding scientists have come up with some mindboggling breakthroughs. Although America is in the forefront in nanotech, Japan and Europe are also moving up very fast. India’s Central Scientific Instruments Organisation (CSIO) in Chandigarh is one of the 38 labs set up by the CSIR where exciting research and development in this field is under way.

While most universities in the west have started nanotechnology departments, only a handful of Indian engineering colleges offer nanotech at the M. Tech level. The number is bound to increase in the coming years as infrastructure improves.

IIT-Guwahati, Guwahati-781039, offers nanotechnology as an elective in the B.Tech course in the Department of Chemistry. (http://www.iitg.ac.in).

IIT-Bombay, 400076 (www.iitb.ac.in): 
Course: Dual degree B.Tech + M.Tech in Engineering Physics with specialisation in Nanoscience (through JEE).

No soft option, this

Q Please tell me about software testing and its scope. I have done MCA and am working with an MNC.

— Dhruv Kalia

A Software testing is used to evaluate a system, by manual or automatic means, to test the specifications and coding of software developed by the programmer in order to remove the bug or defect in the software. These tests play a critical strategic role in upgrading the quality of the software development process while keeping the customer’s needs in mind. All products must get a test sign-off on product quality before intermediate and final releases.

ST professionals work closely with software design engineers and programme managers to understand product requirements and functionality, design appropriate test plans to verify features and functionalities.

Software testing is a growing industry in the IT field. There was a demand for 25,000 ST professionals in 2006 itself. The software testing business in India is set to hit the $700 million to $1 billion mark in 2007.

Demand for quality STs is set to open up in a big way since Indian companies can offer testing facilities at a very low cost as compared to their global counterparts. However, do remember that software testing is quite different from software development. Testing has emerged from the shadow of programming and can be treated as a separate career path. Professional training is required to start a career in software testing.

Check out the following:

  • International Software Testing Qualification Board (ISTQB), A108-B, Sector 58, Noida-201301 (UP) http://india.istqb.org

  • Quality Assurance India (Q A I) (www.qaiindia.com nDOEACC (www.doeacc.edu.in).

  • Centre for Development of Advanced Computing (CDAC) (www.cdacindia.com )

The writer is a noted career consultant

Please send in your query, preferably on a postcard, along with your full name, complete address and academic qualifications to: Editor, Jobs and Careers, The Tribune, Sector 29, Chandigarh-160030, or at careers@tribunemail.com