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by monkmartinez 3569 days ago
Chance of nice pension and a job for life = Check (not so much for a failed startup)

I am not saying one is right or wrong; the pension could "poof" go away with legislation for example. However, I will say there are compromises/choices to be made. I am quite indifferent to the matter as we all choose a path... The difference lies in how much we think we control vs. how much we actually control.
1 comments
khuey 3568 days ago
Chances of a nice pension and a job for life are pretty low in academia these days.
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j7ake 3568 days ago
A quick back of the envelope calculation of the value of a $150000 salary over 30 years is 2-4 million (depending on what you assume as your interest rate).

What are the chances that a person doing a startup will leave the startup with 2-4 million dollars? How does it compare with the chances of getting tenure at a university that pays $150000 on average?

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