First, I want to say that CompBanker’s recent article (here) was amazing and has really made me revisit my decision of not pursuing an MBA. While thinking about it, I stumbled across this article from Entrepreneur.com (here), which talks about the cases for/against an MBA as well as from this one Fox Business (here), which interviews entrepreneur Prasad Thammineni. After reading, I began to revisit a scenario I have often thought about…if I would choose to start a business or spend two years at BSchool getting an MBA. Either would be an amazing opportunity and the benefits for both are obvious, as are the risks. Personally, given the cost of an MBA (tuition + interest + opportunity cost), I think I could start a business and learn a lot from doing so, even if it was a failure. I also think that I would enjoy the MBA experience and being surrounded by people who are as passionate about business as I am…thus the dilemma.
“I knew Princeton would be around for a long time and that I needed to take advantage of the opportunity in front of me.” – Prasad Thammineni
So, if a dead family member left you 350k (tuition + opp. cost) would you use the next two years to get an MBA or to develop a business idea (not aposition) you have always had?
Which one do you think would be more beneficial? Enlightening? More fun? Best experience (for you)?