bskewl

Wharts and All: Blogging the Full-Time MBA Program at the Wharton School

Thursday, January 20, 2005

Business School vs. Panhandling, an Analysis

Now that most of the big first round decisions have been delivered, everyone's checking the damage and assessing their options. Some people conduct their post-mortems in private, but some post them publicly so that we may all benefit from their thought processes. Here's a particularly brilliant analysis that I've decided to steal wholesale because I believe it to be particularly well-reasoned:

Let's ask the really hard hitting question here:
Should I go to Business School or become a panhandler in my hometown of Los Angeles?
Panhandling Pros:
  • Expected income of ~500USD/day, 125k per annum (two weeks off per year, no working weekends)
  • Southern California weather
  • no student loans, significant tax advantage
  • heavy emphasis on experiental learning (No case study, no lecture, no learning teams, no class)
Panhandling Cons:
  • Punk highschoolers beaning you with eggs after Homecoming/Prom
  • negative externalities (curbside orange salesmen, po-po, Governator) threaten access to customer base
  • weak brand
Business School Pros
  • showers
  • internet access
  • drinking on the job
  • undergraduates
Business School Cons
  • NPV: -120k USD
  • 240k POC (panhandling opportunity cost)
  • If you don't go to HBS, YOU HAVE NO HOPE TO GET A JOB OR GAIN RESPECT FROM ANYONE. EVER. PERIOD. END OF DISCUSSION. LOSER.
(Source: Business Week Forums)

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