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Crossroads
kiterunner
#11 Posted : Sunday, August 28, 2011 3:19:32 PM
Rank: Member

Joined: 7/9/2011
Posts: 730
Location: Nairobi
a state university may not be such a bad idea, its quite demeaning to call it just a decoration, if all fails still try to get a college education as you set up your business, it is important
our goals are best achieved indirectly
wavidani
#12 Posted : Sunday, August 28, 2011 6:03:06 PM
Rank: Member

Joined: 6/17/2008
Posts: 36
'The only con to this argument is in Kenya, if you dont have a diploma people dont trust you to do business with them'- said who? I've never asked for one's qualifications(they can be forged) just the track record.Alot of this stuff is just in your mind!
the deal
#13 Posted : Sunday, August 28, 2011 6:56:34 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Success is found in the most unlikely places...i remember passing an opportunity to study @ the University of Cape Town...up to now everybody thinks i'm crazy...but if I look back I think I made a wise decision if I look at how much I have grown...
Cde Monomotapa
#14 Posted : Sunday, August 28, 2011 8:05:27 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Success is found in the most unlikely places...i remember passing an opportunity to study @ the University of Cape Town...up to now everybody thinks i'm crazy...but if I look back I think I made a wise decision if I look at how much I have grown...

Hahaha... I feel u man. I was on my way to Pretoria Wits...men..don't think i'd achieve/learn what I have if I went down South to read & not invest smile
Nabwire
#15 Posted : Wednesday, August 31, 2011 10:51:42 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Wow thank you all for your kind words, I really do appreciate it.
Mach G I totally hear you, the only thing constant in the world is change. I have read Who moved my Cheese, its a great book and had I known 10 years ago what I know now, I would be way ahead, but that book definitely reminds you to go back to the basics. About 2nd tier schools, I feel like I worked so hard to get into this particular school, and if you look at most of the Greats, they all went to first tier, whether they dropped out or not. The Us judges you based on what education you have. Plus, there is a little thing called Legacy admissions that I would love to give to my children, their chances of getting in would be amplified by roughly 50% just due to the fact that I am an Alumni. Plus networking, anyone in Business knows the importance of networking. Even for US citizens, they cant afford to just pay for Harvard out of pocket, at some point they have to live outside their means, coz they know the investment return that a Harvard degree will bring is priceless, what say you? So what choices did you make? Did you opt out of the Ivy league?
Mwanafunzi, Kiterunner and Wavidani, thanks for the insight. I am just being strategic, Kiterunner I am looking at the opportunity costs of getting a State degree, thats $30k that I could invest and quadruple. I already know most of the material that they would teach me, once again my thinking is a State will not provide me with any meaningful networking.
The Deal and Cde, do you guys mind sharing what you did instead of going to University in South Africa?? Did you opt to get your education in Kenya instead, opt to not get one, lets use this as a learning opportunity.
Rwathpuro
#16 Posted : Thursday, September 01, 2011 1:08:40 AM
Rank: New-farer

Joined: 8/28/2011
Posts: 14
Nabwire,

Here is my free advise- I work on wall street and I hope that this helps. But firsst some observations of your post:-

1. Kenyans are small minded - No coment
2. Average guy on w/street makes 10 times than a nurse - Not true

Here is my advise:-

Dont take a student loan- it is not worth it. Instead get into a good state campus get your first degree and look for a job on wall street- wall street is overated. Most employers on w/street or anywhere else offer help with school fees if you study and work-part of the benefits. If you are your GMAT is very good you could get admitted to columbia if in NY and get a scholarship - plus help from your employer- especially if you play your minority/gender card well enough. Save your mbesha for investments in Kitengela.

I hope this helps. Read the links below, they could also help


http://chronicle.com/art...lowship-Pays-24/127622/

http://www.jamesaltucher...-their-kids-to-college/

RP
Njung'e
#17 Posted : Thursday, September 01, 2011 1:31:40 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
This kid just got to me.....Straight from a Kenyan poly and armed with a dip in mech engineering and i advised.Go get yourself a coded welder Lloyds registered certification.....Cheap.It wouldn't cost an average Kenyan peasant his/her nguno cow.....and what would you want?.money or fame?....eff anybody.The kid makes 6K per joint and he can do 20 of them in a day in Kenya and around.How many are there in Sub-Saharan Africa?....don't even ask.Life is unfair to those who only see in one direction.I am an idiot for heaven's sake.....somehow though,i hate learned idiots!....Love me or hate me,this country is awash with guys who didn't do what the Jones were doing...You do not need a brain.
Nothing great was ever achieved without enthusiasm.
Nabwire
#18 Posted : Thursday, September 01, 2011 1:35:59 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Hey Rwathpuro, great insights there. Looked at the links, I had actually seen a documentary about college students being given money not to attend college, BUT you had to be in a very competitive school already. Nobody is giving those deals to people in mediocre schools. I hate to sound elitist but its the truth. I should apologize for generalizing Kenyans, actually Kenyans fare far better than my friends from a West African country that I will not name, who consider that someone with a CNA license has it made. So my apologies, I was just trying to make a point.
About average salary on Wallstreet, note that I said average, meaning the mean of the highest paid and the lowest paid. Plus it doesnt hurt that the mean salary of my dream company to work for is $622,000. http://www.boston.com/bu..._employee_makes_622000/ Suddenly shelling out $80k doesnt sound that foolish right? Ofcourse not everyone who goes to an Ivy league will make it to Goldman, but I love to dream, and dreams become reality, sometimes!
Thanks for your advice, I have a few months to ponder this through.
Nabwire
#19 Posted : Thursday, September 01, 2011 1:39:32 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Hahaha Njunge I'm not a learned idiot, I am an opportunist and a Capitalist at heart.
Rwathpuro
#20 Posted : Thursday, September 01, 2011 3:24:53 AM
Rank: New-farer

Joined: 8/28/2011
Posts: 14
About Goldman Sachs - you are so wrong and in for surprises. The average starting is 155k -200- depending on performance you are entitled to a bonus. No one earns an average salary. The average salaries reported in the press are skewed by bonuses paid to top traders. So if you have 100 traders earning 5 million each- that will definitely skew the salary of 1000 people paid mediocre salary. You will not starve with such a salary- but they work you so hard, by second year you are either out coz if you stay longer you will run nuts or you are kicked out if you are not promoted (it is basically a conveyor belt) Either way, if you have the money and the grit Imy advise is go for it- it is a great training ground.
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