I went back to university many years after I had given up academic life for the more exciting (and better paid) positions in industry. I had eventually realised that there was a point to all the theoretical work after all. In recent years I've been doing, post graduate studies in pattern recognition and image processing at The University of Western Australia and previously at Murdoch University. 
The benefit of part time study is that I get several of views of the engineering process; the practical realities of the commercial world complement the academic rigour of university work. I think that both points of view are necessary in order to get good quality results.
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