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.