I am currently 23, a year out of school and considering enrolling in a full time MBA program at 25. Is this too young of an age to be pursuing a MBA full time? I am currently in a Finance & Accounting development program in the banking industry and would like to make a switch to consulting/ibanking. Thoughts?
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I also did an MBA a bit young, and I regret it. I suggest you do not do so. I went when I was 25 and it was still too young.
Why?
1) you have a chance to explore more and have more unusual experiences before you "settle in" to a post-MBA career track. No more chance to go teach English in Japan/China/Korea after MBA. No more chance to (insert cool travel idea here) 2) you will be competing for jobs against other, older, and more experienced applicants and you won't be as well suited, and you will blow your bite at the apple. 3) why not go start a company, and learn those lessons? Once you've saddled yourself with $100k+ of debt it will be harder to turn down that big post-MBA offer to pay that debt.
Wait a few years, do some interesting stuff, then consider MBA. And maybe you can join a company that can pay for it, or you can go part time The whole taking on $100k+ of debt is not something that should be done without very deep consideration, and not something a 23 year old should do.
Want to prove you have the finance chops? Do the CFA. Much cheaper, somewhat quicker, and can be done alongside other pursuits.