Difference between going to Business School vs going to Graduate School
A JC classmate and I graduated from college the same year. He went on to Business School two years after I started Grad School, and received the MBA 2 years before I got my PhD.
He is now at a major investment bank that survived the bank failures of 2008 and is set to receive record bonuses for this year. I am an academic postdoc, and have just received email from Payroll that my income for the next year 'may be subject to a temporary reduction due to the extreme financial emergency facing the University'.
His base salary alone is about 4 - 5 times what I am earning now. Sure we can both say our work suck, but hey at least he's better compensated than me, and he has bonus payouts. I will be lucky if I don't get a paycut.
We had identical O- and A-level grades. Such is life and the options we chose earlier have financial consequences.
