How To Improve Your MBA Odds If You’re 30+ (2024)

How To Improve Your MBA Odds If You’re 30+ (1)

Overcome the b-school age bias and improve your MBA odds if you’re 30+

Twenty-somethings don’t have a monopoly on talent, energy or the audacious pursuit of world-changing excellence. But to scan the class profiles at the world’s leading full-time MBA programs, you might think they have a monopoly on business school.

On average, students starting their MBA class at most top US business schools are 28. At Harvard Business School, Stanford GSB, University of Michigan Ross and University of Michigan Darden, it’s 27. Only a handful of top-20 US schools, including Duke Fuqua, are attracting a slightly older class averaging 29. European schools tend to skew a bit older; INSEAD’s average is 29, with a range of 25–35 years; IMD’s class averages 29.9 and for HEC in Paris, it’s 30, with six years of work experience at both.

Why 20-Somethings Are The Majority

There are a lot of reasons why accepted MBA candidates cluster so closely in their late 20s. Some of that is built into the programs; business schools are looking for candidates who have enough experience to grasp the course material but are not yet so set in their ways that they won’t apply what they learn.

The class demographics are somewhat driven by the expectations of the industries that feed candidates into MBA programs and hire them when they get out. Some of the trend is also self-selection: the bulk of applicants are in their late 20s, because they are at the point in life and in their career where they are ready to gain more business acumen and take their careers to the next level. Still, all of this can feel disheartening if you’re ready for an MBA but are over 30.

But talent is talent, and behind the averages, schools are admitting applicants over a considerable age range. For example, the Class of 2025 at Columbia Business School ranged from 22 to 40. “You’re never too old,” NYU Stern’s longtime Associate Dean of MBA Admissions and Program Innovation Isser Gallogly told us at the CentreCourt MBA Festival a few years ago. “It comes down to work experience, it depends on what your background is and what your goals are.”

My colleagues at Fortuna have noticed that most of the top 10 US schools and some European schools no longer share age statistics in their class profiles on their websites. This could be due to concerns about potential claims of age discrimination; more optimistically, we think it could be a signal that they are indeed open to a broader range of applicants and don’t want to discourage older candidates.

Seasoned applicants who can make a powerful case for why they want an MBA and why now — along with a well-reasoned and compelling career vision, competitive test scores, an impressive track record and a clear sense of fit with the school — are still very much in the running. And if that’s you, then you may be better-positioned than the 20-something wunderkind.

How to Optimize Your Admissions Chances as a 30-Something MBA Candidate:

Explain your timing.

Think about how you will explain why you are applying at age 30 and beyond. There are reasonable circ*mstances for why you’re applying now to a full-time MBA. You may have been completing a military tour of duty or another advanced degree. Some career paths may lead to candidates applying later than the typical finance or consulting track candidate. For instance, if you’ve been immersed in a start-up for several years and just got it to IPO stage, you may now have time to go back to school. It’s not uncommon for some international candidates to be older because of the educational system in their home country and the age at which they graduated. Many MBA programs make exceptions for these, but you must make sure to communicate these in your application.

Show realistic career plans.

Make sure that your career goals are consistent with what’s realistic for an older student. For instance, don’t expect to work for McKinsey if you already have 10+ years of work experience. The career vision is even more critical for older candidates, as the schools expect you to have an even more solid plan than younger candidates. They’re looking for good reasons to believe that you won’t struggle with your job search. You don’t want the school to have any doubts about how you’ll impact the job placement stats.

Showcase your imminent success.

B-schools are looking for candidates who will be successful, make an impact, and give back to the school and the alumni community in meaningful ways. As an older candidate, you may be a few years closer to that success —and to that stage where you can give back. Find a way to convey your potential for success and your willingness to contribute to the school in meaningful ways.

Show your fit with the community.

You should also focus on how you can convey that you’ll be a good fit for the school’s student community. Turn your extra years of experience into an advantage and underline the value of your additional experience and the deeper perspective that you will bring to the program.

Emphasize your level of engagement in the community. Show how you will get involved and contribute, perhaps by joining or leading a club or group activity around a particular passion or hobby. As noted above, adcoms may have some concerns about how more experienced candidates will fit in with a class of mostly younger students, so look for examples you can share that demonstrate that you collaborate or socialize comfortably with groups of different ages.

Finally, at Fortuna Admissions, we recommend that you talk to admissions representatives at the schools you’re considering, to make sure their programs are a good fit for you. There are plenty of opportunities to attend information sessions for a range of MBA programs, including part-time and Executive MBA programs; taking these steps can help you be sure which program really meets your needs best at this point in your life.

Whether you’re 22 or 40, admissions success comes down to making a great case for who you are, what drives you and why you want an MBA, how you will use it to make an impact, and what unique factors you will contribute to your MBA. For more on what is behind the predominant student age and extra tips on how to position your extra years as an asset, see a blog from my Fortuna colleague Matt Symonds here.

Fortuna’s expert coaches have many years of experience in guiding 30-somethings to business school. If you could use some help making your case for admission when you’re a little bit outside the typical age range, we’re here with the insights and advice you need. Book a free 30-minute consultation to learn how we can help.

How To Improve Your MBA Odds If You’re 30+ (2)Judith Silverman Hodarais the former head of MBA Admissions at Wharton and Co-founder and Director of Fortuna Admissions, a team of former admissions directors and business school insiders from top US and European business schools. For more free advice from Fortuna Admissions in partnership with Poets&Quants, check out these videos and articles,and for a candid assessment of your chances of admission success at a top MBA program, sign up for a free consultation.

More from Judith:Should Women Apply for the MBA Differently than Men?,The ‘Introduce Yourself’ MBA Essay,Top Tips for MBA Recommendations: How Much Does Prestige Matter?,Wharton Team-Based Discussions – What To Expect And How To Prepare,Smart Guidance For Round Two Applicants

Questions about this article? Email us or leave a comment below.

How To Improve Your MBA Odds If You’re 30+ (2024)

FAQs

How To Improve Your MBA Odds If You’re 30+? ›

For younger students in their 30s, the credential could help propel you into higher-level roles earlier in your career. Making a career change at 40 with an MBA is definitely possible when you leverage your education to pivot into a completely new field—or move into a leadership role.

Is MBA worth it in 30s? ›

For younger students in their 30s, the credential could help propel you into higher-level roles earlier in your career. Making a career change at 40 with an MBA is definitely possible when you leverage your education to pivot into a completely new field—or move into a leadership role.

How to increase chances of MBA? ›

Seven Tips for Boosting Your Odds of MBA Admission
  1. Master the GMAT, GRE, or EA—or Secure a Waiver. ...
  2. Take an Online Course. ...
  3. Demonstrate That You Are a Good Citizen. ...
  4. Pursue Leadership Opportunities. ...
  5. Start Considering Your Recommenders. ...
  6. Get to Know Your Target Business School. ...
  7. Craft Great MBA Application Essays.
Nov 14, 2023

What age do most people get their MBA? ›

The average MBA student is around 28-29 years old, with most students ranging from mid-twenties to early thirties. However, the average age of MBA students varies a lot and many applicants above and below this average age are admitted to MBA programs.

Is 29 too old for an MBA? ›

Based on previous years' data, the average age of MBA students at top business schools is around 28–29. However, this doesn't mean that if you're 25 or 32, you're automatically disqualified.

Is 35 too old for a full time MBA? ›

You're never too old,” NYU Stern's longtime Associate Dean of MBA Admissions and Program Innovation Isser Gallogly told us at the CentreCourt MBA Festival a few years ago. “It comes down to work experience, it depends on what your background is and what your goals are.”

Is 30 too old for Harvard MBA? ›

According to this Poets and Quants article, most top MBA programs had an average age of 28 in the 2019-20 intake, and relatively few incoming students were over the age of 30. For example, only 12.5% of Harvard's incoming MBA students in 2019-20 were over the age of 30.

Will an MBA increase salary? ›

Generally, you can expect a nearly 50% increase in your salary after completing an MBA. A study from Transparent Career showed that MBAs reported about a 46% increase in salary after earning their degree, with a $41,000 average higher salary, and $95,000 extra in total compensation.

Does an MBA accelerate your career? ›

Whether you are hoping to secure a higher position within your existing organization or take your career to a new level with a different company, you will find that an MBA makes you more qualified for some of the top positions at the best businesses around the world.

How competitive is it to get an MBA? ›

Yes, students have found getting into an online MBA program easier than an on-campus program. In recent years, full-time MBA programs have reported a 52% acceptance rate, whereas part-time and online learning programs, noted a 78% acceptance rate, according to the GMAC.

Is MBA worth it after 40? ›

Very few schools put an age limit in the eligibility criteria. Rather, the fact that you have decades of experience can bolster your chances of admission. Whether you plan to apply for a better job, negotiate for a raise, or improve your business acumen, an MBA is a worthwhile investment.

Is 38 too old for an MBA? ›

In Conclusion: Age is Not a Limit, but a Perspective

Whether you're considering an MBA at 36 or beyond, clarity of purpose, confidence in your unique value, and choosing the right program are key to navigating the journey successfully.

What is the oldest age to do an MBA? ›

And how old is too old? Really, there is no age limit. While many people in their 30s opt for a part-time program or an executive MBA (EMBA) in their late 30s or early 40s, there are always exceptions.

Is MBA worth it after 30? ›

Pursuing an MBA after the age of 30 is a significant decision, but it can be a transformative step in your career journey. While there are challenges, the advantages, including your experience, maturity, and clear career goals, can make this journey rewarding.

Is 31 too old to start an MBA? ›

There is a saying, “ you are never too late to start a new beginning, “ which applies to you too! So whether you are doing an MBA at 30+ or 40+, you can always start from the beginning; you can always switch your career; you can go and sit with a class full of people in their 20s!

Is a Wharton MBA worth it? ›

Over 98% of Wharton MBA graduates are extended full-time job offers. An MBA also helps you build business leadership skills, as well as a professional network. Wharton graduates are part of an extensive alumni community — over 99,000 strong in 153 countries. Learn more about the value of a Wharton MBA.

Is an MBA worth it later in life? ›

Most MBA graduates confirm the degree is worth it, leading to better quality jobs and better-paid jobs. When deciding on an MBA program, it helps to look at the return on investment (ROI); the salary obtained from a job once graduating compared to the cost of the program.

Is 38 too old for MBA? ›

In Conclusion: Age is Not a Limit, but a Perspective

Whether you're considering an MBA at 36 or beyond, clarity of purpose, confidence in your unique value, and choosing the right program are key to navigating the journey successfully.

How much does an MBA increase salary? ›

Apply for an MBA loan

Generally, you can expect a nearly 50% increase in your salary after completing an MBA. A study from Transparent Career showed that MBAs reported about a 46% increase in salary after earning their degree, with a $41,000 average higher salary, and $95,000 extra in total compensation.

Is getting an MBA worth it in 2024? ›

March 27, 2024, at 4:19 p.m. A master's degree in business administration can be a great asset when looking for jobs but applicants should weigh the commitment of this opportunity. Earning an MBA is always a significant time investment. Consider career goals and costs before enrolling in an MBA program.

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