Is 45 Too Old to Get an MBA Degree?

Getting a Master of Business Administration (MBA) can open doors for new and exciting careers. Older students may be wondering if it is worth going back to college to earn an MBA, and the answer is quite simple. 45 is not too old to get an MBA, because there is no age that is too old to gain a new qualification.

An MBA is a useful and widely applied degree, so it can be a great qualification for pursuing roles across a variety of industries.

Reasons To Earn Your MBA Degree at 45

There are many benefits to earning an MBA at the age of 45.

Qualify for Management Positions

MBA graduates have many sought-after skills that recruiters look for specifically for management positions. Some of these skills include:

• finance
• marketing
• management
• human resources knowledge

Prior Work Experience

One of the major benefits of getting an MBA at 45 is that you already have a good amount of work experience that you can apply to your education. Earning this qualification with prior work experience can put you ahead of job applicants with no work experience.

Increased Salary

Qualifying for more senior positions can also increase your earning potential. Management positions typically have a higher salary, so moving up within your company can help you to earn more. This makes earning an MBA a worthwhile investment.

What Will I Learn In an MBA Degree Program?

An MBA covers advanced topics in business. Here are some common subjects you will learn about in an MBA program:

• ethical leadership
• managerial accounting
• finance
• data analysis
• economics
• strategic decision-making
• marketing
• interpersonal communication
• organizational leadership
• business law

Many MBA programs offer concentrations or specific tracks that allow students to earn a more specialized qualification. Common MBA concentrations include:

• marketing
• management
• accounting
• finance
• international business
• business analytics
• human resources
• health administration
• supply chain management

What Can I Do With My MBA Degree?

Here are some popular roles for MBA degree holders.

Chief Executive Officer (CEO)

Becoming a CEO, or Chief Executive Officer, involves overseeing the entire operation of a business or organization. You spend time thinking about the 'big picture', making important decisions, and maintaining good communication with all stakeholders.

Marketing Manager

Marketing managers oversee all activities related to marketing, such as:

• campaign planning
• social media accounts
• paid advertising
• managing a marketing team

They work to increase their visibility and write copy to connect with their intended audience.

Data Analyst

Data analysts would benefit from an MBA program because MBA programs teach students to analyze data and interpret findings. Most MBA programs will include several classes on statistics and probability. MBA graduates will be able to help businesses analyze data and make informed decisions.

Human Resource Manager

The skills gained in an MBA can also help graduates succeed in human resources roles. MBA graduates will have a strong grasp of:

• organizational leadership
• employment law
• interpersonal communication

A career as a human resource manager can be exciting and rewarding for students who enjoy interpersonal communication.

Business Consultant

Ambitious students with a comprehensive grasp of the business landscape can become successful consultants who help businesses optimize a range of processes. Business consultants will benefit from strong strategic decision-making, interpersonal communication, and quantitative skills.

Business Operations Manager

A business operations manager ensures that an organization's processes are optimized for long-term profitability. Business operations managers will analyze supply chains, logistics, and other aspects of commercial enterprises. Skilled business operations managers are highly sought after so gaining qualifications in this area can lead to career stability.

FAQs About Starting an MBA Degree at 45

Learn more about common questions about starting an MBA at 45.

Are There Benefits To Starting My MBA Degree at 45?

Yes, increased professional experience and maturity can allow older students to take full advantage of an MBA. At 45, students will have a clear sense of purpose and be able to use their education to gain a competitive advantage in the job market.

Getting an MBA can help you improve your salary as well as qualify for leadership and management positions. Earning an MBA at an older age can also offer you a sense of accomplishment and give you a renewed passion for your work.

What If I Already Have a Degree in Another Field?

Holding multiple degrees can create unique skills and valuable crossover knowledge. Students can use their multiple degrees to find a unique area of personal expertise and market themselves effectively. Some degrees that may benefit you in your MBA include:

• finance
• marketing
• communication
• data analysis
• information technology

How Do I Decide If I Should Go Back to College?

Going back to college is a major decision that involves years of your life. Ensuring that the degree contributes to meaningful personal or professional goals is a key factor to consider when deciding whether to go back to college. Students who have identified key areas of development and selected a program that targets those areas will typically feel they have made a wise decision.

Can I Apply Life Experience Credits To Earn My MBA Degree?

Yes, some universities allow you to apply for Credit for Experience programs where you can get credit for relevant work experience. Taking advantage of these programs can help reduce the cost of tuition as well as help you graduate faster.

Universities with credit for experience programs will be an excellent choice for older students who have relevant professional experience that can be turned into college credit.