Is 60 Too Old To Get an MBA?

Are you 60 years old and interested in pursuing an MBA degree? If so, you may be wondering if you're too old to get started.

'Is 60 too old to start an MBA program?' No, of course not.

Keep reading as we'll discuss some related questions you may have.

Is 60 Too Old to Start an MBA Program?

The average age for starting an MBA program among many of the top schools in the country is 28.

This is because most programs require or prefer a few years of work experience after obtaining a bachelor's degree, while also preferring younger students who will make more promising job candidates.

That said, it is never too late to apply for your Master of Business Administration (MBA).

There are different types of MBA programs available, and some even cater to older students and busy working professionals.

For example, many executive MBA programs are designed for business professionals with many years of experience under their belt. It's not uncommon for students of these programs to be in their 40s, 50s, and even 60s.

The important thing, as an older applicant, is to understand why you want to pursue an MBA, and then to communicate your goals and experience to program recruiters to help them understand why you're a good fit.

Will a 60-Year-Old MBA Graduate Get a Job?

If you're a 60-year-old business professional looking to enter a new field or move to a new company after getting your MBA, you may experience some obstacles.

Many companies prefer to hire younger candidates because they can generally work them harder, pay them less, and mold them to company ideals and processes.

The stereotype is that older candidates are more set in their ways, demand higher pay due to their years of experience, and are either unwilling or unable to work as hard as younger candidates.

That said, many companies are willing to hire older MBA graduates for the sake of diversity as well as the years of experience these candidates bring to the table.

As an older job applicant, it's important to share your experience through your resume and interviews. You'll especially want to highlight any professional accolades or accomplishments you may have.

Do all you can to demonstrate to the company that you are a strong leader, willing to be open-minded, and that your professional experiences make you the best fit for the job.

As long as you're willing to put in the work and demonstrate why you're a good candidate for the job, you should eventually be able to find one.

Are There Age Limits for MBA Degree Programs?

MBA degree programs don't have age limits but, as with applying for jobs, you may find you have a harder time getting accepted into a program as an older applicant.

Younger graduates of MBA programs usually receive a higher salary increase than older graduates. They are also more likely to get hired.

For these two reasons, schools may prefer younger candidates to keep their stats high. At the same time, they are also willing to enroll older candidates whose skills and qualifications show promise.

What's more, programs designed specifically for busy or nontraditional students are more likely to have a greater percentage of older students.

While most MBA students in most programs will be in their 20s and 30s, older students, even those in their 60s, are not unwelcome to apply.

These older students often have a lot to offer in the classroom due to their experience and the skills they have developed over time.

How Long Does an MBA Program Take?

MBA programs are master's degrees that require students to hold at least a bachelor's degree as a prerequisite. Many also require some previous work experience.

They are generally shorter than bachelor's degree programs, especially for students who study full-time.

Most MBA programs take about two years of full-time study to complete.

Some programs are more intensive, allowing students to finish in as little as one year.

On the other hand, executive and part-time MBA programs cater to the needs of professionals who may not be able to devote two years to full-time study.

These programs may take a little longer to complete because you will be juggling them with other work and family commitments. On average, they take two to three years to finish.

Should You Pursue an MBA Degree?

Still wondering if an MBA program is right for you?

As a 60-year-old, you may be weighing the potential benefits and drawbacks of pursuing this advanced degree, and this is a good thing.

As noted, getting your degree at an older age may be harder and take extra work; you may run into challenges getting accepted into a program or getting a job after graduating.

You won't be able to overcome these challenges unless you have a clear goal in mind.

If you are an older student, you may be interested in getting your MBA to pursue a particular promotion or gain a specific skill set.

Spend some time thinking about your goals and determining whether they are worth the challenges you will face.

If you are personally invested in your MBA, and completing the degree is important to you, it will be easier for you to stay focused and work through the challenges you face.

Get Started With Your MBA Program Today

Pursuing an MBA at age 60 has its unique challenges, but it is doable. If you decide that going for your MBA makes personal and professional sense for you, then what are you waiting for?

You're never too old to pursue a new degree or improve your skills and knowledge.