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Old 29-05-2012, 05:47 PM
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If salary (i.e. money) matters a lot to you, it's easier to build up a small consulting business WHILE working toward your PhD in that 4-6 years.

8-9k is not a lot, considering the amount of effort put in, the risk of NOT getting a job, and the risk of NOT getting tenure after serving as asst prof.

In CS algo, you have approximations, numerical solutions and suboptimal but fast workarounds. In IT, you have backups. Similarly, in your academic career, you need to have a backup plan.

Someone told me that most of the profs in Stanford actually have hugely successful businesses outside and they are there only because they are passionate in the research work and can network with super intelligent people / students.

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