thanks Alex, amazingly insightful - I really appreciate your level headidness in advising people
If I may be so clingy, I'd like to share a doubt I have regarding my situation..
As you have already said, 26 year olds usually have 3-5 years of work experience and they apply at around this age for an MBA.
I was thinking of applying when I am 29 and at matriculation I would have:
- 1.5 years full time entrepreneurial experience (I know you have doubts about this but I would argue against.. in another post

)
- 2 years of consulting experience [analyst]
- 2-3 years of part time entrepreneurial experience (started something 3 months ago and it has good potential to grow over the next year)
- 1 year and a few months of internship experience and 2 of the biggest names around
Now, when you compare that with the conventional applicant - 26 years with 4 years FT WE or 29 years with 6-7 years FT WE, on paper it looks less strong, but I believe that I can meld the experiences well together in my essays and I will have strong academic credentials (GMAT 700+ and high GPA)
At this point you might be asking - why do you want to go to b-school? Unsurprisingly, I do not want to go because of a set career plan that I have had since I was 21 (duh!

) but I want to be there for the people I meet, the achievement of making it a top school (this is important for me and I accept that it might not be for others), the experience of learning with diverse and smart people, the network I would develop that will last for the next 10years+, the possibility of "catching up" since an MBA at 31 is close to the norm, and the opportunities of meeting similar minded people and possibly starting something with them at b-school or some time afterwards.
If we set apart the discussion on whether it is useful or not for my "career" (I admit that you are right about all the points you raised but I can always re-evaluate in a year or so when I apply), do you think b-schools can look beyond their 'expected' 29yr old candidate and see some potential in that personal history or will they just throw the app in the bin with a long sigh / giggle?

I just find it hard to understand how a couple of decisions early in life can rule you out of the running.. if you are advising me against applying because of career motives, than I understand completely and we can stop discussing this right now

thanks again for all your help, you've been really helpful and I'll definitely recommend you to some of my friends who are thinking of applying!