I would encourage anyone who wants to, at any age, to study for a degree if they have the time and commitment.
But.
Make sure that you are doing it for the right reasons.
When I was 44 I sold my half of a computer business to my business partner. We are talking a few thou here not half a mill, OK? I did have a degree in chemistry from 1979, but I'd never used it and would now know which end of a test-tube to hold.
A few of my friends had done an MBA and it didn't seem to have done their careers any harm, so I "invested" (I use the term loosely) a very large sum of money and a year of my life to do an MBA, full-time at my local Business School. It has a good reputation, having been aroun 30-odd years.
The teaching was good, occasionally excellent. I was the oldest person on the course by 12 years. I was the only Brit. In fact there were only 5 WASPs on the whole Masters full-time course. With 47 people, from 17 countries, that made for the most fantastic cultural exchange I've ever experienced.
I worked my socks of, and had a great time. I now have friends all over the world.
But.
I graduated in 2003 and I'm still applying for jobs. I'm told I'm "over-qualified". I'm told I "don't have experience". After their nose stops bleeding, I point out that actually, I have a great deal, and very wide experience at that. It's just not the same as theirs.
The result is that I've had one Project Management contract (well-paid), one short-term job earning less than I was on in 1991, and one job earning nothing at all (but a promise of a share of the contract). The latter was the most promising, but the MD died soon after I started working with him.
So I have had 5 years of virtually no income. If I were not married to someone with a good job I would be outside Sainsbury's with a dog selling the Big Issue. Nick gives me as much work as he can, but it wouldn't begin to pay the bills. The problem is that everyone thinks that someone else is going to give me a job.
I really wish I could come up with a business idea. But, having been there once, I know that it's no good doing it just for when it is the Good Times, you have to be able to survive long term. We are seeing now just how many businesses are failing to be able to do that.
The only good thing to come out of all this is that I have finally learned what I want to be when I grow up, I just need to find someone who will let me do it. I have a job to apply for this week. It's local, too, so I won't have to commute weekly. I've no idea if I'll even get an interview. I've applied for many such jobs and in every case bar one they have gone to someone who is already in post, already has a job and doesn't need another one. In one case I came second out of 73 applicants. They didn't give me a silver medal.
Sorry, I didn't mean to go on so.
So if you want to do it for its own sake, you'll have a fantastic time. I've never had such great intellectual stimulation. But don't so it for your career, because it may well count for nothing.
I'm 51 years old, I wonder if I'll ever work again and I am slowly dying of boredom.
Read this quickly, I may well delete it.
S