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Anonymous

11 Jun 2019

βˆ™

Career

Should I attend University or just continue working full time?

I am currently earning about 4-6k/month by teaching music, and I've got a Uni placing with full scholarship which starts this August.. I find it hard to give up my students on one hand, and on the other see merit in getting a degree..

I've got a pretty high qualification in music (2 levels higher than a diploma)

Discussion (10)

What are your thoughts?

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Hey there anon!!

Here's what I think after analysing your scenario:

1) Assuming the scholarship covers your school fees and gives you a small sum as allowance too, it definitely helps you in potential student debt.

2) Will the total sum of scholarship be as high as whatever you're earning from teaching? Maybe yes, maybe no - you decide on the answer as I don't know the exact value of your scholarship.

  • If no, then continuing the lessons might seem more worth it, aye?
  • Additionally, if yes, you get to value add to these students' lives too, right?

Seems like everything is in favour of continuing the lessons and earning the 4-6k/month right? Yes (in my opinion), but short term wise. Here's why I think so:

1) Long term wise, the investment in the degree would pay off - literally, it'll give you a better pay as a music educator for sure!

2) Long term (or short term wise - up to you to decide) a recession is coming. Being educated while under a scholarship would be to your advantage than being employed and at multiple risks from the economy.

3) While studying, i'm sure you can still teach part time during the weekends or on your free days! I've had 3-day work weeks in uni before. I'm sure your past clients would continue hiring you or recommend you to others too! Especially given your prior teaching experience.

In short, I'm team uni based on what you've presented. Then again, I'm no expert in the music industry or 100% understand how the high qualification you currently possess stands in your industry compared to getting a degree. These are my two cents worth of opinion based on the facts you've presented. Maybe consult a senior in the music indsutry/school too!

All the very best in whatever your choice is! :-)

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Andy Yew

11 Jun 2019

Portfolio Manager at Phillip Securities

Steve Job’s 2005 Stanford commencement video helps me a lot in life/career. Maybe you can watch it on YouTube. (I watched more than 20 times πŸ˜‚)

Some summary here..
1. Follow your heart and trust that it knows where it's going.
2. The worst thing that could happen might turn out to be the best thing that could happen.
3. If you live each day as if it was your last, someday you'll most certainly be right
4. Time in life is limited. Don't waste it living someone else's life
5. Stay hungry. Stay foolish (my interpretation.. hungry to improve yourselves and foolish to fall forward)

Is your scholarship based on a music-centric degree course that can help advance your music career l...

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