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Should not be much of a problem. Diversify to include LBS and Insead in your target schools, if Europe is not much of a problem, both these schools are not biased against older applicants - which may be a problem with some of your target schools. Do check it out with current PHD student profiles - are available on school website.

Your key in SOP will be to justify why you want to do PhD now. So do make sure you have a good line on that !

Best of Luck
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