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- 2008-7-16
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Everyone trades off many things. I know what you mean about high cost. I frequently ask whether these two years have been worth the cost I've had to invest into it. I suspect that because of the high (almost prohibitive) cost of business school, many people find themselves going into certain industries- almost as much out of necessity as of choice.
Are you interested in these industries? (you know which ones they are). If so, business school is a much easier choice (and, btw... LUCKY YOU!). If not, then it's good that you're thinking about this now, because you will continue to second-guess yourself over the next two years, and perhaps even after you graduate.
I am not interested in the traditional business school industries. But I tend to think in longer time periods. I think over the next 10, 20 years, I will be thankful for the skills I've picked up here, for the experiences I've gone through, and for interacting with the wonderful people I've met. Can I put a dollar value to that, and say 'it's been worth the investment', and that the NPV has been > 0? Probably not. I have no idea what the NPV is. But just because I can't measure its worth, doesn't mean that my education and experiences here have been worthless.
I am a person who cherishes my experiences, so this has been worthwhile personally- although the cost has indeed been high, since I have no desire to go into, nor will I do well, in the industries that typically pay enough (at least for the next few years) to cover the high cost of business school. So yes, I'll be living poorly, and I'll be working very hard in my dream industry and the money will be going back to paying for my experiences in the past two years for much longer than many of my classmates. But would I do it again? Yes. In a heartbeat. And I wouldn't have had it any other way. Only you can decide if this cost is too high for you. Many people think the cost is indeed too high, and either decide to sacrifice their dreams and go into some of the industries that pay enough, or simply choose not to go to business school.
Lucky, lucky is the guy who is suited to go into industries that pay well out of business school! But we often cannot have everything in life- we must trade things off. So I bear the high-cost, and continue to pursue my dreams. Of attending business school, and of working in the media, in a earn-very-little position.
Good luck with your decision, and feel free to contact me if you have any other questions about W! I don't envy the hard decisions you'll have to make, but I envy the chance you have- to go through the two amazing years that I've just been through!
cheers, Jason |
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