Is it worth getting an MBA in your 50s?
There will be fewer years left to reap the career and salary benefits of an executive M.B.A. degree, meaning the return on the tuition investment could be less for a 50-year-old than for a graduate in his 30s or 40s. The degree could prove especially valuable to people hoping for a major career change.
Is 55 too old for an MBA?
MBA admissions directors say that you’re never too old to get an MBA. For a lot of folks that’s okay, because they’re really looking to make that pivot [into a different career] through an MBA.” Admissions directors say that they’ve certainly witnessed success stories of older students thriving in full-time MBAs.
What is the average age of an Executive MBA student?
At the University of Chicago, the 2017 incoming class of executive MBA candidates is 37 years old on average, with 13 years of experience. For the past five years, an average 31 percent of the incoming class of executive MBA students have been age 40 or older. By contrast, its 2018 full-time MBA students are an average age of 28.
How old do MBA students have to be to get an MBA?
Students who enroll in the classic full-time, two-year MBA programs tend to be about 28 years old at top universities. Yet one-fifth of students ages 40 and older sent their GMAT test scores to full-time, two-year programs, according to GMAC’s 2017 exam data.
Which MBA programs attract the most older students?
Another program that draws many older students is the global executive MBA at Duke University’s Fuqua School of Business. Over the past few years, 42 percent of students were ages 40 and up when they applied.
Is a late-career MBA right for You?
“A late-career MBA decision is more often a personal choice than for other reasons,” said Tierney Remick, the Chicago-based vice chairman of board and CEO services for executive search firm Korn Ferry International.