What are One’s options for a full time MBA after 30

Posted by Anas Yamin on May 8th, 2019

The following article has been inspired by the thoughts of Mr. Mayank Srivastava. He is the Founder of Experts’ Global, one of the world’s leading EdTech firms in the field of GMAT prep and MBA admission consulting

The typical professional approach, in India, has always been to complete one’s education and then begin building a career. As of late, however, the idea of returning to one’s education has been gaining currency. Many Indian professionals have been getting advanced degrees, after more than two years in the professional world. Many of these professionals even make this decision, after the age of 30. This is when they notice a plateau in their career growth and realize the value of further developing their skill sets. Even if such a realization comes late, there is still plenty of value in pursuing an MBA. However, past the age of 30, the opportunity cost of doing so is very high. This means that there is little scope for error and the applicant must think carefully, before making any major decisions. Here are some of the best MBA options, for aspirants over 30- presented in decreasing order of recommendation.

One Year Indian MBA

One year Indian MBAs are a very good option, for those who do not intend to leave India. There are a number of benefits to pursuing an Indian MBA. It is easier for Indians to secure education loans, to pursue them, and to gain employment with them. The networks that one develops, while studying, are also much easier to maintain and leverage. Pursuing an MBA from an Indian university also allows one to avoid the logistics and investment of a global MBA. These programs are offered by a number of IIMs and several other schools.

One Year Global MBA

Most MBA programs in Europe are only a year long. There are few such programs in America, Canada, and Asia too. These programs have a low opportunity cost but offer a number of excellent benefits, such as a global student body and excellent university reputations. The one major drawback to these types of programs is that they do not offer significant work experience. Without experience, it is not possible to find employment in leadership positions. That is why these programs are not advisable for those who are looking to switch careers. These are only for those who already have experience in the relevant field.

Two Year Global MBA

Almost all American and global MBAs are two year courses. These programs carry the most brand value, of any MBA programs in the world. These programs do not favor older candidates, as the school’s feel that younger professionals will be able to make the most out of their offerings. They also feel that students above 30 will not be able to keep up with the workload, the way that the 20 somethings can. These programs also carry a rather high opportunity cost, owing to their length and financial cost. However, they are still the best options for those who intend to shift to the US, change careers or want an MBA with the highest possible brand value. In order to gain admittance to one of these programs, a candidate over 30 will need to present a stellar profile and very strong reasons for taking such a step. The applicant will need to do some careful financial planning, as well.

Two Year Indian MBA

This program is not recommended for candidates above 30. The average age of the students in these programs is 23, with most having only one year of work experience. A student who is above the age of 30 will not be able to benefit from the experience of their peers, which is an essential part of the MBA experience. Furthermore, the companies that come to the campuses, to recruit, will not be looking for middle management profiles. This means that older students will not be able to avail of campus placement services, either.

Conclusion

It is not easy to take a break from one’s career and pursue further education, especially, at an advanced age. However, if one truly feels that an MBA is what one’s career needs, then one should not hesitate. What is important is to not chase after shortcuts; score high on the GMAT, and only apply to the best programs.