Top academics in wealthy countries have good salaries.

In the business, top leaders make way more than top academics, good performers the same as top academics.

So the chance in an academic career being wealthy is way lower than in the industry and surely an academic cannot be rich any time.

The trade-offs are your personal interest, opportunity to travel, teaching, and the lower stress.

You can pursue both careers. I led companies and worked in the business for 18 years. During that period I also earned 3 MSs, an MBA and a PhD. Later, I decided to quit and start an academic career, so I earned another PhD and now I am a scientist. I worked in 12 countries and lived in the EU, US and now in New Zealand.

https://www.linkedin.com/in/robertradics/

I think the opposite order also works, start an academic career, and think about your own business.

http://boostingbusinessconsulting.com/

Top academics in wealthy countries have good salaries.

In the business, top leaders make way more than top academics, good performers the same as top academics.

So the chance in an academic career being wealthy is way lower than in the industry and surely an academic cannot be rich any time.

The trade-offs are your personal interest, opportunity to travel, teaching, and the lower stress.

You can pursue both careers. I led companies and worked in the business for 18 years. During that period I also earned 3 MSs, an MBA and a PhD. Later, I decided to quit and start an academic career, so I earned another PhD and now I am a scientist. I worked in 12 countries and lived in the EU, US and now in New Zealand.

https://www.linkedin.com/in/robertradics/

I think the opposite order also works, start an academic career, and think about your own business.

http://boostingbusinessconsulting.com/

Dear Alireza

I support what Roberts says because I also have worked in both, first in the industry for more than 35 years, and later in academics. From my point of view at least, I believe that I was economically better off in the industry, however, the academis life gave be many more satisfactions not measurable in economic terms.

As Robert says:'The trade-offs are your personal interest, opportunity to travel, teaching, and the lower stress'. and I plenty concur with it

Dear Robert Istvan Radics

I am very glad to hear from you. Your experience is very valuable. Also, your many motivations and abilities are inspirational.

Thank you so much

Regards

Dear Nolberto Munier

Thank you so much for sharing your great useful experience and idea.

Regards.