Re:Spend $120K in angel investing instead of MBA studies
by priv_acy on Monday July 05, 2010 @10:35AM
(#1488267)
I had two of the best years of my life at B School. I met lifelong friends, learned a ton, and got to push the reset button on my life.
But business school is a bit of a scam, and the willing victims are the students. They sell glamor and wealth on Wall Street and throughout corporate America. "You'll be making half a mil in 5 years, what's $160k in debt?" Everyone is going to be a master of the universe. Except it doesn't work that way, even if you play by all the rules. Even at Harvard, Stanford, and Penn. Correlation is not causation.
Would I do it again? Hell yeah. But I was fortunate enough to go to a highly ranked public school for a fraction of that. I find it incredibly hard to believe that Stanford is worth 3-4x what I paid at Texas.
BUT... blowing $120k on angel investments seems like a very, very poor substitute for the B School experience. Yes, spend a crap ton of money educating yourself outside of school, but don't piss it away on angel investments. Spend it trying to do something.
But business school is a bit of a scam, and the willing victims are the students. They sell glamor and wealth on Wall Street and throughout corporate America. "You'll be making half a mil in 5 years, what's $160k in debt?" Everyone is going to be a master of the universe. Except it doesn't work that way, even if you play by all the rules. Even at Harvard, Stanford, and Penn. Correlation is not causation.
Would I do it again? Hell yeah. But I was fortunate enough to go to a highly ranked public school for a fraction of that. I find it incredibly hard to believe that Stanford is worth 3-4x what I paid at Texas.
BUT... blowing $120k on angel investments seems like a very, very poor substitute for the B School experience. Yes, spend a crap ton of money educating yourself outside of school, but don't piss it away on angel investments. Spend it trying to do something.