MBA in early 30s?

Question

Hi -

Have any of you done it? Is it worth it? What are the chances of being accepted? Looking at one-year programs.
I'm currently doing investment banking.

Thanks!

eskimoroll · Answer

Hi ob,

I'm 30 right now and I'll be attending b-school this fall. While I definitely am a little older than most of my classmates, it's the right time for me and my career so I didn't give it a second thought. Don't let age get in the way if the MBA is what you believe you need at this point in your life.

icemanjs4 · Answer

I'm 31 and will be attending either HBS or Kellogg this upcoming year. Point is - you can get in regardless of age, even at top schools. The question is - is it the right time for YOU! If the answer is yes, then just craft your story and tell it. If it's real, it will be an easy sell.

(ok maybe not easy - but you get my point)

(ok maybe not easy - but you get my point)

thmgoodw · Answer

I am matriculating to Kelley's full-time in the fall, and I'm 35! Obviously the story is important, but life is too short to not do want you want to do.

brainhurt · Answer

Heading to Cornell this fall and I'm 34. Getting into any top school is tough, but get your story straight and tell it in a compelling fashion, And you'll have a shot.

Zarthul · Answer

Need a little bit more than your age to make that determination!

anstance5 · Answer

Being in the same boat, I appreciate this post. It's been a big struggle for me to decide whether or not it would even be worth it >> eg, get CFA / CPA / CAIA / FRM instead? Just try to get another promotion at work or move to a different role? But the more I think about it, the more it seems like all that is a waste of time compared to the value-add an MBA brings, especially from a top program. And you only live once, right? Thank you very much for posting the topic.

anstance5 · Answer

how-to-gauge-realistic-chances-112921.html#p914503

Although I'm grateful to Alex for his candor, I guess this was a bit of a downer. I'm still going to try, but I thought this would be a useful thing to post here. (Please don't shoot the messenger!) Just one of those things where one hopes against hope and then hopes some more for the best, what can I say? Oh well, at least there's one thing I can do about it right? GMAT studying like my life depended on it is then! (Because that may just be the truth.)

mrblack · Answer

Have you guys considered getting an EMBA instead? Why take 2 years off when you can continue work while getting the degree?

icemanjs4 · Answer

Because an EMBA is great if you want to stay in your current profession and move up a little more quickly. However the experience is completely different from a full 2-year degree where you are completely immersed in the school. Quite frankly, an MBA is about the interaction with your classmates, and stepping out of your comfort zone, far more than it is about the finance, accounting, and strategy education itself.

mrblack · Answer

Why do you think EMBA allows you to only move up "a little more quickly"? I would hazard to guess that most EMBAs are already working in jobs that MBAs want to get post graduation. I completely agree with you about stepping out of comfort zone, interaction with your classmates...etc. but unless you're a career switcher, getting an EMBA may make sense if you're already in the right role and are looking for additional sources of intellectual stimulation.

icemanjs4 · Answer

I agree. I guess you hit the nail on the head - it's about career switching. If you're happy in your current career, EMBA is a good alternative. For most of us, however, we're looking for something different. It's unfortunate it took us until our 30s to realize we needed this though.

mrblack · Answer

Better late than never! Finding true love is priceless.

mainhoon · Answer

Well I have heard EMBAs managing career switches too.. But of course that is not what EMBA is designed to do.. The downside of the 2yr FT MBA is $ however, the experiences are going to be completely different. I wonder about a question though:

When a 35 yr old gets done with a FT MBA, and goes through campus recruiting, what kind of jobs and salary can one expect? I hear that most FT recruitment is mostly for entry level positions, would the recruiter honor the experience behind the person?

As far as experience is concerned I don't think one will argue that the FT experience would be worth it compared to the EMBA, but the question is at what cost? I think most people going into FT MBA may not have an absolutely clear idea of what they will do post-MBA(though I understand that the application needs credible goals).. People probably find out what they would like to do during the 2 years too. The EMBA does not afford the luxury..

arnaudl · Answer

I completely agree with icemanjs4.
I am 36 and I will attend LBS full time MBA class starting in August this year because this is the right time for me now !

timmyd · Answer

I am currently studying for the gmat, two days before my 34 birthday. I sure hope this is the right time for me. My brain is slowly getting back into the study mode. It's not coming easy though. Good luck to all of you that are 30 plus!

anjanadeepak1 · Answer

Appreciate the post.
I am in the same boat... but targetting for 1 year course, options are ISB, insead, IIMs. I am yet to take GMAT.
Is anyone who has similar experience? 
the only reason i didnt want to do 2 year is its hard to be away from my 4 year old.

johnca · Answer

I'm 32 and getting ready to take the GMAT in the Fall. Don't let age deter you, if anything use it to your advantage. Good Luck!!!

WStrat · Answer

I got into a top EMBA program at the age of 29. Having spent a year in it, I feel very lucky to have chosen this path, vs. the full time path. I get access to career services and on-campus recruiting, I keep my salary (which is higher than the average graduating salary of my program for full time), my classmates are incredibly smart and further along in their careers, and even though we only meet every couple of weeks, there's only slightly less camaraderie and immersion than the full time program. Our class is much smaller than the full time, so we get to know each other on a far deeper level. In addition, full timers tend to be young, extremely competitive, and very green. My program is a load of fun, but I'm surrounded by a couple of CEOs, CTOs, doctors, lawyers, PhDs, consultants, VC guys, PE guys, and others who simply "get it", and aren't trying to claw their way to the top.

Having said that, I don't think an MBA is worth it unless you get into one of the top programs (ESPECIALLY EMBA), simply because beyond the education, the network is incredibly important, and I'm not convinced that anything below the top 15-25 schools is worth the price of admission.

Having said that, I don't think an MBA is worth it unless you get into one of the top programs (ESPECIALLY EMBA), simply because beyond the education, the network is incredibly important, and I'm not convinced that anything below the top 15-25 schools is worth the price of admission.

ariz3260 · Answer

I am 29 now and will be applying for next year. Had an epiphany at work and decided its the right time to do this. Age might be a factor for some elite programs but not for most. As long as you have compelling reason to go for an MBA now and is able to communicate that in your essays you definitely have a shot. If anything I'd say being older gives you an edge on the essay section where you'll likely have more WE, more leadership experience, and have a better persepctive in general, qualities younger applicants lack. So play up your strength! I know I will

MBA in early 30s?

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