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MBA at 30+ is it good choice ?

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MBA at 30+ is it good choice ? [#permalink] New post 28 Feb 2013, 18:35
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Hi GClub,
Can somebody shed some light on opting for MBA at 30+ age? Choosing to go for MBA in the peak of my career 8+ years in IT and with tons of responsibility?I m confused and looking for people in similar sitaution...
Wanted to know the options we have for scholarships/funding and the time we spend in MBA and post MBA career and job market
My intention is not to get a one line answer but wanted to know the ground reality and the challenges...


Thanks,
Prab
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Re: MBA at 30+ is it good choice ? [#permalink] New post 28 Feb 2013, 18:59
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First of all, check out the blog http://www.mbaover30.com

The biggest thing you need to ask yourself at this point in your career is: "Do I need an MBA?" If you're satisfied with your career trajectory and can promote without it, and MBA may be unnecessary.

Generally speaking, people get an MBA to either change fields (like me, military --> brand management), enhance their current career (common in consulting), or to get into the business side of their field (i.e. an engineer who's looking to go into technology management).

FWIW, I did 10 years in the military, am over 30, but think the MBA is worthwhile since I see it as the perfect complement to my leadership experiences in the military, which will open up a world of opportunity as opposed to military-tailored programs corporations have that tend to pigeon-hole veterans.
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Re: MBA at 30+ is it good choice ? [#permalink] New post 28 Feb 2013, 19:40
I'm also over 30 and have found the MBA experience very worthwhile. Scholarships and funding are hardly based on age. I received merit scholarships at 2/3 schools that I was accepted into. Scholarship/fellowship awards are based on factors such as GPA, GMAT, work experience, leadership, nationality, ethnicity, career goals, etc. MBAover30 also received funding at each of the 3 schools he was admitted to as well. I wouldn't look at your age as putting you in some special category with it own rules, procedures, and resources.
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Re: MBA at 30+ is it good choice ? [#permalink] New post 01 Mar 2013, 14:43
prab2012 wrote:
Choosing to go for MBA in the peak of my career 8+ years in IT and with tons of responsibility?I


Really? You feel you have reached the peak of your career?
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Re: MBA at 30+ is it good choice ? [#permalink] New post 01 Mar 2013, 15:12
Ducksworth wrote:
prab2012 wrote:
Choosing to go for MBA in the peak of my career 8+ years in IT and with tons of responsibility?I


Really? You feel you have reached the peak of your career?


Dear Ducksworth,
I feel i could see how my future roles will be and where i will be landing up :)
This made me say that....
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Re: MBA at 30+ is it good choice ? [#permalink] New post 01 Mar 2013, 15:24
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prab2012 wrote:
Dear Ducksworth,
I feel i could see how my future roles will be and where i will be landing up :)
This made me say that....


Oh I see :) Btw, I am also 30+. My intention for doing an MBA is to learn better skills that I feel I will find useful immediately but also for the remaing 30 years-ish of professional life I still have ahead. Actually, even in terms of salary, INSEAD average salaries are below what I make now so this is not really a motivation. The cynic in me also thinks that a year out of work can help me understand better what I want to do. That plus, a year around the world with my future wife sounds like fun!
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Re: MBA at 30+ is it good choice ? [#permalink] New post 02 Mar 2013, 19:30
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Ducksworth wrote:
prab2012 wrote:
Dear Ducksworth,
I feel i could see how my future roles will be and where i will be landing up :)
This made me say that....


Oh I see :) Btw, I am also 30+. My intention for doing an MBA is to learn better skills that I feel I will find useful immediately but also for the remaing 30 years-ish of professional life I still have ahead. Actually, even in terms of salary, INSEAD average salaries are below what I make now so this is not really a motivation. The cynic in me also thinks that a year out of work can help me understand better what I want to do. That plus, a year around the world with my future wife sounds like fun!


After a long successful career, I wanted a BREAK!! Break does not mean vaccation, something that is different but still very much useful. I could not find anything better than an MBA and I am much older than you all. Average salary of my school is less than half of my current package ... so those are definitely not motivation.

The true reason is, we all will be heading something BIG very SOON. It is a huge and huge responsibility. It is your moral duty to do the very best. To do the very best, you must have a very broad and comprehensive knowledge of all aspects of business. Your day to day 'on the job' experience may be practical but may not be the best way of doing the things. I hope the MBA experience will open the other side of the story and that will make me more balanced in my decisions and actions.
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Re: MBA at 30+ is it good choice ? [#permalink] New post 04 Mar 2013, 23:56
There are many b-school students at 30+ but only you can answer the questions if it's a good choice for you now. You can also consider EMBA programs which are more suitable for older professionals with many years of work experience.
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Re: MBA at 30+ is it good choice ? [#permalink] New post 06 Mar 2013, 11:25
I'm in the 30+ crowd and it's certainly on my mind a lot lately, especially now that I am starting to get a peek at some of my classmates. I will definitely be a bit of an age outlier. But I am hoping that the diversity that my age and experience adds to the program is some kind of asset to my classmates. (And I hope they see it the same way :) )
I also feel like it's the perfect time for me personally to go back, both for lifestyle and professional reasons. I feel a lot better equipped to succeed now at it then when I was 26.

The key isn't where you are in your career now but where you want to go and whether the MBA (or some other mechanism) will take you there.
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Re: MBA at 30+ is it good choice ? [#permalink] New post 06 Mar 2013, 17:21
french16 wrote:
There are many b-school students at 30+ but only you can answer the questions if it's a good choice for you now. You can also consider EMBA programs which are more suitable for older professionals with many years of work experience.


This. I am over 30 and looking to slightly change fields (financial services to corporate finance). For me an MBA is the best path. If I was already earning 90k+, I don't know...
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Re: MBA at 30+ is it good choice ? [#permalink] New post 06 Mar 2013, 21:20
The answer to this question is -- it depends.

Going back to school full-time is a huge investment to make at any stage of your career, but especially as you get older. Some schools have definite age bias and/or try to encourage 30+ candidates to pursue a part-time or executive option. However, if this is really what you want to do and can articulate your dedication to your studies through your essays and interview, then nothing should hold you back. Just do your homework as to which schools are most receptive and which ones are least receptive and choose accordingly.

Just one piece or advice. At Wharton we had much higher expectations for older candidates especially when it came to your recommendations and interviews. These are two aspects of your candidacy that you really have to manage to make sure that they are top of the class. The biggest reason we rejected 30+ candidates was based on their interview -- especially those who did not seem absolutely committed to their studies.

Good luck.

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Re: MBA at 30+ is it good choice ? [#permalink] New post 07 Mar 2013, 10:57
As someone who is in their late 20s and who is constantly exposed to MBA candidates (I work for a business school), I would say that you're never too old/experienced for more education. I meet EMBA students everyday who are not only completing their MBA part-time, but they're working full-time, and have wife/husband/kids at home. I often look at them and wonder how they do it, but the experience is always worth it, no matter the sacrifice.
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Re: MBA at 30+ is it good choice ? [#permalink] New post 07 Mar 2013, 14:05
prab2012 wrote:
Hi GClub,
Can somebody shed some light on opting for MBA at 30+ age? Choosing to go for MBA in the peak of my career 8+ years in IT and with tons of responsibility?I m confused and looking for people in similar sitaution...
Wanted to know the options we have for scholarships/funding and the time we spend in MBA and post MBA career and job market
My intention is not to get a one line answer but wanted to know the ground reality and the challenges...


Thanks,
Prab



I'm in the same 30+ club.I've been working for 10 yrs and feel that I need a change from technology(avid coder) and go into the strategy/business side of things,well atleast thats one of my goals and I believe an MBA degree will help me achieve that.Cliche as it this may sound,its very important to know your goals and how you see yourself post-MBA in the short term and long term.And looks like our life just became tougher considering the b-school scrutiny of 30+ folks :-D
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Re: MBA at 30+ is it good choice ? [#permalink] New post 17 Mar 2013, 08:25
I've had the good fortune to meet many 30+ year-old admits at top schools. I wouldn't worry too much about your age, honestly. Sure, there are fewer admits at age 30 than say 27, but I would be willing to bet that part of the reason is that fewer 30+ year-olds apply in the first place.
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Re: MBA at 30+ is it good choice ? [#permalink] New post 17 Mar 2013, 10:46
I am in the bandwagon too. You all have pretty much summed up most of the reasons, from career switch, to taking a break to get a future insight of direction, to remuneration etc. It is definitely worth taking a try. But what intrigues is the choice between EMBA/FT/PT programs - many reasons attribute to it. to leave full time job, to how future employers perceive this decision, to age factor playing a part in our career placements post academics vis a vis younger applicants, unless your aim is entrepreneurship....
But good thing, as mentioned in the thread, is the perception of most schools' admission councils, for intake of our age groups, on an average seems positive, unlike obviously a few schools.
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Re: MBA at 30+ is it good choice ?   [#permalink] 17 Mar 2013, 10:46
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