Tuesday, May 3, 2011

Lesson #5: Choosing a Profession

In an age where multinational corporations are giving a person pay packages that are more than enough to make individuals happy it becomes extremely difficult for individuals to choose their careers.Given below is a list of the most money making professions:

Doctor: A Doctor is one of the highest paid people in the world. However, not just any doctor can make millions. It is essential for you to specialize in a certain field for instance neurology  and garner loads of experience. Only then will you be able to actually end up making loads of money. There are however certain problems with being a doctor. The first and the biggest is that a doctor's job requires him to be available 24 hours 7 days a week. Hence, most doctors even though they have the money don't actually have the time to go and spend it.

Engineer: In a day and age where everyone wants to become an engineer and get into an IIT I think it is actually very stupid if individuals actually go about trying to become engineers. The basic problem is that if everyone becomes an engineer then there wouldn't be people in other professions. Hence, chances of making millions gone down the drain.


Lawyer: It is one of the most promising professions specially in a country like India where it is rumored that foreign law companies would be entering the market relatively soon thereby expanding the market. The only problem is that you need loads of experience as in the case of being a doctor and pay can be initially low unless you go about and establish your own practice.


CEO: In order to achieve this position it would take a person roughly 10 to 15 years thereby lies the biggest problem. Moreover, the amount and tensions that a CEO takes is quite a significant amount and the chances of actually becoming a ceo of a corporation are quite low.


Architect: With the amount of real estate development and housing projects that the Indian economy is seeing Architects can actually make a living. However, the biggest problem is to actually get work as the competition is neck to neck and loads of references and experience are required to make it big in this profession.


CA: Perhaps the only profession which gives you the most peace of mind. The biggest challenge is to become a CA. It requires extreme hard work and discipline and is not meant for everyone. But if an individual is able to become a CA then there is no one stopping him from becoming a millionaire, billionaire or even a trillionaire. In my opinion this amongst all of the above professions is the best.



Business: Refer to lesson #6.
 
Best of Luck with career choices

-Doodle