Saving from the beginning of your career
We all have dreams about our first salary. Earning and becoming independent is a bridge to living the life you want. It is also a way to become responsible and start saving. Not everyone manages to save at a young age but if you save a little amount every month, it translates into a considerable amount after a couple of years.
There are many financial instruments that you can use for saving and investing such as mutual funds, fixed deposits, equities, bonds and insurance. Some simple short term options could be putting away certain amount of your salary in the beginning of the month, budgeting your expenditure and using cheaper modes of transportation. Colleges could also take initiative by teaching students the importance of saving and exposing them to various options. Here are some advantages of saving a small amount each month:
- Higher education: You can take up a job after graduation, gain some experience and then go for a higher degree after a couple of years. Saving for a particular purpose will also keep you focussed during your work years. You will start thinking more seriously about your future. It will reduce the financial dependency on your parents or a loan for your higher education.
- Dealing with a sudden financial need: Reserve money in the bank helps in dealing with financial emergencies such as medical situations. You may lose your phone and need to buy a new one or need to buy books before an exam. It could be unexpected travel or household repairs. It is always helpful to have a little buffer in terms of your funds.
- Comfortable middle and old age: By starting early, you will have enough by the time you reach middle age. You can have a more comfortable life then. Handling financial stress when you are younger is easier as you are not responsible for a family at this stage. You can work around a budget and manage your expenses. In old age your medical bills will be higher and you may have to employ people for domestic work as well. A considerable reserve of money is vital for a peaceful old age.
You may face certain challenges such as cutting down some habits and dealing with peer pressure. You can try motivating your peers to save too! This is not to say that you should be too hard on yourself. If you want to travel or pursue any hobby, find ways to do it. These may be things that keep you going, stress free and eventually result in your success. So don’t feel constrained and lead your life the way that makes you happy!
Talerang’s copyrighted curriculum was researched as a project Harvard Business School. Our training methodology integrates Harvard cases, proprietary assessments, interaction with guest speakers, industry exposure and personal mentoring for holistic professional development. Our programs offer exclusive opportunities to work with over 250 of the best companies in India including the Aditya Birla Group, Foxymoron, Teach For India, Mahindra Group, Avaana Capital, Z3 Capital and more. Our team is from McKinsey, Citigroup, KPMG, ZS Associates and our Panels include CEOs of top companies. Students get dedicated mentors and interact with industry stalwarts from our Young Leaders Panel and Senior Panel. Our Future CEOs alumni also get to access a network that is a close knit community of close to 1000 Future CEOs who are advised by young industry leaders and a panel of industry stalwarts.
Modeled on global best-practices
Talerang’s programs are different from regular trainings and courses due to the international approach to learning and the international curriculum. During the research at Harvard Business School, we interacted with Year UP, a U.S. based organization solving a similar problem. We further refined our learnings by visiting 100+ colleges and partnering with 250+ corporates who defined our training curriculum.
Our research shows that 6 key competencies - self-awareness, life vision, communication, working smart, first impressions and bridge to career help young talent succeed. Additionally, jobs of the future require a combination of 14 skills including research, analytics, digital marketing, finance, strategy, coding, communication and design. We ensure that you are learning in a planned and structured manner with a focus on being relevant for jobs of the future.
Proven track record
Talerang gets applications from close to 100+ premier colleges across India and has several rounds of selection. Our highly selective cohorts are academically bright, have demonstrated leadership and volunteered to impact their communities. Our previous students are articulate all-rounders including national level swimmers, debaters, festival organizers, entrepreneurs and performers. Over 4 years, we have placed 99% of our students and our proud that over 90% of them have been consistently rated as work-ready, with over 50% been given call-back offers for full-time jobs! The jobs and internships we provide are premium with a focus on quality.
As special projects, we have been invited by research teams from Stanford and Harvard to conduct trainings on their behalf and also been the organization of choice for pre-placement training for IIT Bombay, IIT Roorkee and IIT Madras in an official capacity. From Tata Trusts to Trilegal, various corporates have also invited us to on-board their entry-level hires.