MBA Graduates Take Entrepreneurial Plunge
Earlier this year, business-school student Andy Mulkerin faced a tough choice: Take the safe route after graduation with a prestigious consulting job, or pursue a riskier path at a start-up with a friend. A heap of school-related debt valued at about $160,000, including undergraduate loans, didn't make the choice any easier.
The lure of the start-up was strong. "We make all our own decisions, we get to be as creative as we can be - that's attractive," Mr. Mulkerin said. But he worried about financial security. "That was one of the hardest parts," he recalls. "We don't know what our monthly paycheck will look like. There's the excitement and freedom you get from being able to plough your own course, but on the negative side, there are real bills to pay and the path to paying them is a lot less certain."
McKinsey offered more stability, but whenever he thought about not pursuing the start-up, he felt "pangs of disappointment." Furthermore, he knows that even with his loans, now may still be the best time to take a risk. He has a girlfriend, but isn't married, has no kids and no mortgage. Failure with the start-up might be tough on his own finances, but he wouldn't be risking his kids' college education.
In February, he turned down McKinsey. This month, he is in China scouting factories for clients. The company is called Nicobar Group; Mr. Comiskey's wife is the third founder
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