MBA after 30? What are your thoughts?

posted 3 years ago in Career
  • poll: Is getting your MBA a good idea after you are 30?
    Yes : (43 votes)
    77 %
    No : (3 votes)
    5 %
    Depends... I'll explain below : (10 votes)
    18 %
  • Post # 3
    Member
    42472 posts
    Honey Beekeeper
    • Wedding: November 1999

    @Sasha2011:  I would say that probably 75-80% of the candidates in local programs are not just over 30, but over 45. Most of them are lucky enough to be at least partially sponsored by the employers. Education is a life long need.

    Look at it this way. In 2 years you are going to be 34. You can be 34 with an MBA or 34 without one.

    Post # 4
    Member
    2052 posts
    Buzzing bee

    Mine is depends.

    I’m 30, just graduated with my BA and I’m considering if I should get my Masters in Anthro…or the non undergrad business masters.

    I’ve researched both and for ME personally, I’m hoping to get engaged/married in the next 2 years and hopefully start trying to kids right after.  I’m a bit concerned that getting an advanced degree could hinder this…I see that you are married and I’m not sure if you have kids or are considering kids.

    Having a masters can make you more competetive for sure, but for me, I would also have to work full time and go to school…and having just finished school while working full time I will admit that it was quite exhausting.

    Good Luck!

    Post # 5
    Member
    408 posts
    Helper bee
    • Wedding: November 2013

    @Sasha2011:  Wait, what’s this magical age cut-off? 30 seems so young to be no longer considered “worth it”. Unless you’re rich and planning on retiring early, you still have another 33ish years in your career, right? I say, go for it. In this job market, any leg up can be the difference between getting a job and not getting one! As pp said, education should be a life-long goal!

    Post # 6
    Member
    11772 posts
    Sugar Beekeeper
    • Wedding: May 2013

    @Sasha2011:  My Grandma earned ALL of her PhDs after 30! (She has a TON–3 or 4, I think!)

    So I vote that it’s never to late to further your education!

    Post # 7
    Member
    259 posts
    Helper bee
    • Wedding: September 2012

    An MBA is a very big investment. Are you going to take out student loans for this? Age is no issue, I know people over 30 with MBAs, sure maybe you won’t party as much but its not as significant as you think.

    Before choosing to continue on with an MBA, I think you need to have a game plan. What exactly are you going to do with your MBA? Its not pointless to do it after you’re 30, you just need to have a plan what to do with it before taking on student loans or sinking in a large amount of money. Though, if you continue on in a government capacity, you may be able to take advantage for the student loan forgiveness plans if you take out federal loans.

    Most people who use an MBA are career changers, E.g. you’re in government but you want to go into investment banking, consulting, or management position in industry. So if you want to go back into government in a managerial position, are you going to be paid enough to recoup your losses? Starting pays for i banking/consulting are 180,000 and 130,000 this year vs. a government job. Are you willing to move to the high cost areas where these jobs are? E.g. NYC, SF? I banking and consulting are incredibly stressful jobs, are you willing to work that hard? Does moving up in government require a MBA or some other type of degree? Would a masters in government or public policy help you more?

    If you want to change jobs from government, given that you don’t have private sector experience, you will need to do an internship. Once you get into MBA school you will need to be on top of your A game to get a summer internship that will give you a foothold into those jobs.

    Finally, a MBA at a no name university will not give you the same returns..you should try to aim for top 10-15…Havard, Wharton, Stanford, U of Chicago, Columbia, NYU, Cornell, Duke, MIT etc. Or..if you really want to live somewhere..e.g. Texas. Then taking an MBA at a Texan University may give you an advantage recruiting in that area.

    Ideally, the best solution will be to get your employer to sponsor your MBA. But go into a MBA with a water tight game plan as you’ll be competing with alot of very ambitious people.

     

    Post # 8
    Member
    240 posts
    Helper bee

    I went back to school at 31 to get my master’s degree and am still working on it! I think it’s still relevant and will be useful; and actually, I’m thankful I waited to start working on it, as I have now have some great professional experiences to bring with me. I think it’s helping me get more out of the experience.

    I’m curious as to what people are telling you about it being pointless. Why do they say it’s pointless after 30?

    Why don’t you get your master’s in public administration, since you want to work in government?

     

    Post # 9
    Member
    4468 posts
    Honey bee
    • Wedding: April 2013

    @Sasha2011:  Why would it be pointless?? Agreed with pp- it’s never too late to get a higher education:)

    Post # 10
    Member
    4817 posts
    Honey bee
    • Wedding: September 2013

    Yeah most people who get MBA’s are over 30. Executive MBA programs require 8-10 years of work experience, so you basically have to be 30 or older. My husband is applying and he’s 38 and right about average for the programs he’s looking for. Being 30 is certainly not a reason to do it! We will probably have our first baby while he’s in an MBA program (assuming he gets in and decides to do it).

    Post # 11
    Member
    324 posts
    Helper bee

    @Sasha2011:  What @julies1949:  said. Most people in MBA programs are older- in their 30’s. A MBA is a degree you get after working for a while. I have literally dozens of friends who all knew through undergrad that they wanted to get their MBA, and are now taking 5-7 years off so  they’ll start their MBA programs at close to 30. Go for it!

    Edited because my iPhone detests proper grammar on this site 😉

    Post # 12
    Member
    968 posts
    Busy bee

    I’m doing my MBA now, and I had a very hard time finding programs that I could apply to (I’m 24, 2 years work experience) because most good (top 20) programs want 5-10 years of work experience. So I think after 30 is not only okay, but the recommended time frame!

    Post # 13
    Member
    5697 posts
    Bee Keeper
    • Wedding: August 2012

    I don’t see at ALL how getting your MBA after 30 is pointless. In fact it’s probably the most common time people get them. It’s about that time you really start thinking about advancement and what else it will take to get you where you want to go. And if you think about it, you’ve only worked 10 ish years so far out of a 40 something year long career span! If you want it, can afford it somehow, and feel it will be beneficial to your career you should absolutely 100% take on that challenge!

    Post # 14
    Member
    2 posts
    Wannabee
    • Wedding: December 2012

    It is NEVER too late to go back and further your education. There are students in their 50s in my graduate program! Go for it!!

    Post # 15
    Member
    536 posts
    Busy bee

    That is so strange, I’ve never heard that it’s not worth it after 30! I call bullshit on whoever said that.  I did a part time program and the average age was 35.  The oldest person in our class was 63!  So yeah, it’s never too late in my opinion.  These days especially it feels like you need the MBA or other graduate degree to stay competitive.  A LOT of people went and got their MBAs during the recession, so it’s almost becoming a given that applicants have it.  I say go for it!

    Post # 16
    Member
    3222 posts
    Sugar bee
    • Wedding: April 2015

    @Sasha2011:  Considering what area of gov’t you work in, an MPA would serve you much better than an MBA. Since worthwhile Canadian MBAs (Ivey, Schulich, Rotman, Desaudel, Sauder) will set you back nearly 6 figures, and since you don’t have a clear career path, I would advise you to really carefully consider your options.

    An MBA is not just “higher education” — it’s not a certification process. It’s a strategic career move. If your career thus far has been gov’t staffer positions and with no management experience, you will more than likely be bottom rung if you manage to get into a reputable program. I have experience with Rotman, and it would be very rare for someone that lacks at least low-level management experience to get into the program. 

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