Comments on: Focus on a Side Hustle or Go to Grad School?

By: silenciodays

silenciodays — Thu, 09 Oct 2014 20:11:23 +0000

*exceptions apply both ways of course

By: jsinfonico

jsinfonico — Thu, 09 Oct 2014 20:05:48 +0000

I will disagree with your idea that it doesn’t make sense for entrepreneurs to go to grad school. One of my best mba courses was a management course on lean startups that really challenged us to examine product market fit and explore different business models for our ideas, among other topics. Plus there is the bonus of having instant access to experienced advisors and resources. If you already have a lot of experience and/or have the perseverance to discover & grind through books and articles on your own, great, then maybe grad school isn’t for you. But if you’re new to business or are looking for easy access to the latest thoughts, then grad school might be more help than this article gives credit. At least looking on how I approached side hustles before grad school and today.

By: StaplerConfessions

StaplerConfessions — Sun, 02 Feb 2014 22:03:26 +0000

As someone who invested in a pricey graduate degree, I agree with you that you should focus on your side hustle before deciding to pursue an MBA. I don’t have an MBA, and feel like there is a lot about business I should know, as we develop our start-up, but I have been learning as I go and have only been learning the things I need to know. Whereas, with a degree, I would be learning the things other people think I should know, for a wide variety of business jobs — not necessarily the business job I’m actually doing. I say pursue the side hustles, which will lead you to pursue your interests more, instead of painting yourself into a financial corner with student loans and will direct you to the jobs the school values — not necessarily the ones YOU value. (Not sure if B School is like that, but in law school it’s all about the Big Law job, when that’s really not the right job for everyone).

By: Eyesonthedollar

Eyesonthedollar — Fri, 31 Jan 2014 14:30:03 +0000

Higher degree does not guarantee higher pay. I think we have been conditioned to believe that more education will lead to a better job, but I know quite a few people who went back to school during the recession thinking they would find a good paying job and all they got was more student loans. I could not do my job without a graduate degree and Jim got a really nice pay increase after his second master’s but almost nothing after the first one. I think you are making the right decision because you have legitimate side income and a desire to be the boss. You can always change your mind later.

By: DC @ Young Adult Money

DC @ Young Adult Money — Fri, 31 Jan 2014 05:21:10 +0000

In reply to deardebt. deardebt It's always tough to know whether it will pay off or not. You could have a solid plan and everything point to something paying off, but there's no guarantees. Same with side hustles. This is one of those really tough questions.

By: DC @ Young Adult Money

DC @ Young Adult Money — Fri, 31 Jan 2014 05:20:20 +0000

In reply to moneycone. moneycone Yes, that's the plan. One or the other.

By: DC @ Young Adult Money

DC @ Young Adult Money — Fri, 31 Jan 2014 05:10:00 +0000

In reply to BrokeMillennial. BrokeMillennial Oh absolutely the network is the biggest benefit. In my case I would go part-time so I'm not sure the network would be worth quite as much. At this point I think I would be much better-off not putting the time towards an MBA.