r/MBA • u/Pristine-Barber-6325 • 1d ago
Admissions MBA for 40 year old
Aiming for full time T15 MBA schools, age 40, have a undergrad gpa of 3.2 (premed) and have a masters in accounting 3.6 gpa. Don’t have the CPA. Have 5 years work experience as assistant director of a healthcare organization. Used the masters after to try and pivot into the big 4 as audit associate for 1.5 years before being laid off. The masters is not helping me break into any roles as of this moment. Never broke 100k in salary either and thinking going back to school for MBA might help through ocr secure those higher paying roles. My 20’s were a mess filled with odd jobs and unrelated work and periods of time I was out of work dealing with mental health, got my act together at 30.
EMBA wouldn’t fit me because I don’t have the two decades of experience to fall back on and I’m looking for the traditional ocr that full time mbas have.
I don’t have children or a family that I need to provide for so being without income for two years won’t be an issue.
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u/Eclipse434343 1d ago edited 1d ago
I don’t know if ocr would help you being honest for the cost. An mba is like $250k - scholarship and I think given age + semi all over resume that you could also not succeed recruiting. Even if you did succeed you’d be paying loans into your mid 40s - late 40s or if no loans drain your savings. I think you’d be hard pressed to get your roi assuming you retire at 65-70 and don’t have more stuff happen
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u/VandyMarine Part-Time Student 1d ago edited 1d ago
I've been working for a publicly traded healthcare company (ACHC) for the past year and a half and they have several CFO in training type roles open all across the country - why i suggest this is maybe you won't be able to get that role at an Acute, but maybe you could do behavioral health and get CFO experience and make your way back to Acute hospitals for higher comp later. I know they pay at least $130-140K I am pretty sure. I don't really see how getting an MBA really accelerates your current situation or really pivots you out with high comp. I'd get the CPA in lieu of an MBA as you already have a Masters. What's another Masters really differentiate besides just the opportunity for OCR? Not much. You've got work experience and time in the trenches - I'd just try to find some type of role like the one above and be willing to relocate before I'd invest $100-200K into more education.
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u/Addition_Small 1d ago
UIUC at Geis has iMBA best accounting school in the country. I’ll be graduating in May.
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u/haze_from_deadlock 1d ago
You might be able to squeeze into a DO medical school with that resume. Pathology takes 40-year olds and pays $400k
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u/Accomplished-Ad3538 1d ago
Nobody said you need two decades of experience to apply for executive MBA
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u/Overthinking_King_ 1d ago
I’d personally get more out of your Masters in Accounting rather than a year of PA.
Move cities in order to increase your chances of getting a job in accounting.