Applying to Business-Schools is a beneficial judgment for the aspirants who are in an age range from 26-30 years. Along with the age, there are two things you should also consider while applying for an MBA:
- Need for an MBA degree
- A level of preparedness for an MBA degree
The candidature of an applicant from the age range of 26-30, is also evaluated by the admission committee based upon the parameters like how many years of professional experience one possess? the academic prowess, viewpoints and decision-making skills. And thus, if you think that you have gained all these aforementioned qualities you must go for it.
Statistical representation of age effect in MBA
In the year of 2014, Bloomberg surveyed more than 10,000 people who expected to join the graduate business school considering its ranking for full-time MBA programs. The ages and starting salary avenues for people who had jobs lined up when they graduated, plotted in the chart below, show that in one’s mid-20s, paychecks bump up for every year of age, which makes some intuitive sense—a 28-year-old might have more experience and education than a 24-year-old. Surprisingly, though, age stops giving graduates a pay advantage fairly quickly. Pay levels hover in the mid-$120,000s range between ages 28 and 34, peaking at age 30, and then begin to drop off steadily, falling to $110,000 at ages 36 and 37.
Image Source: Bloomberg
Three factors affect MBA decision in later ages:
According to various adcom members, when they are selecting candidates from the age range of the early thirties or late twenties, they considered them as the proficient aspirants to taken down to pursue an MBA. However, the aspirants need to toss the following factors.
- Career progression
The people who decide to pursue an MBA during their early thirties or late twenties are called as deep career switchers. At this stage of their career, they have gained the maximum beneficiaries from their career and their remuneration becomes constant. However, they can enjoy a higher position in the management hierarchy.
- Personal situation
As you get older you might end up with the interest to study, or it will be difficult for you to retain the points in your memory for a long time. Taking an education loan will be difficult as if you have incurred other debts before. More significantly, you might have families and you have loads of responsibilities to meet those.
For getting into an MBA, you have to crack an entrance test, it can be a bit difficult for you to study religiously. Since you’re in amid of career and there are certain responsibilities you need to meet for your company. Simultaneously you have a series of duties for home, so you might not prepare for the test devotionally.
Our recommendation is to start early for MBA to accomplish all the wishes for a gracious career.
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