Is getting a FT MBA worth It for me? Good stats (770 gmat and high gpa) but a few years older than average.

Are you doing this to 'check the box' before you feel like you lose the chance or do you really think the degree will help meet your career goals?

I'm going to assume you recruit for consulting, since I don't see the point of a full time MBA to go back to your industry. That's exactly what part time is for.

First, if that's what you want to do, have you considered just lateraling now to a post-MBA role?

If that's not in the cards - at 32 (34-35 when you graduate), resumes matter. For school recruiting and for employment recruiting. You seem to check the boxes, but be aware that you're evaluated differently than a 25 year old. It might matter depending on your career interests. Consulting won't care what you did, just what you did while you were there.

Most post MBA roles are a grind. You've got a family. Are you really, really sure you want to target a consulting job where you'll be away from your family four days a week, on call the other three, burnt out when you're home, and treated like a bitch by people your age (or younger!)? There will be people 2-4 levels above you by the time you graduate that are your age or younger. Like, your peers in age will be competing for partner, and you'll be stapling their powerpoint decks. You wouldn't be the first to do it, but it's something to think about. I'm doing this in my 30's, but I'm not married and I literally took some leadership opportunities here specifically to get comfortable taking instruction from someone 10 years my junior when I finish school. It's a pill to swallow.

There will only be a handful of people your age in the program. That being said, the 'married' community at both Booth and Kellogg is pretty good. Location can help socially. If you don't have the option to move neighborhoods, you'll be missing out on a lot of the full time experience.

I'm very confused as to why you're discounting part time programs, especially if you're looking to potentially remain in OTC.

First, you say the cost of part time doesn't seem worth it but full time might. If you go full time don't get a role in consulting, how would you feel with a corporate etc that paid $100-150k? I had a backup plan I was comfortable with and confident about and knew I'd be doubling my pre-MBA income either way.

Second, you would be in more of your peer set going part time. You can work while in school - if you make $100k and spend 60k on school, but would have made $0k and spent $100k going full time - if you actually care about a Booth or Kellogg degree, I wouldn't call that a waste of time. Especially if your firm will help foot the bill. You are fortunate to live in a city with TWO of the absolute best part time programs out there. They pour an incredible amount of academic resources into these programs. Will you lose out socially? Yeah, but as a 35 year old married man I'm guessing you don't want to be slamming beers at 3AM on Thursday anyways. Half your classes would still be full time students at Booth, we can take night classes (I don't know about Kellogg). Will you lose out for OCR? A little bit, but the consulting firms all still look at the part time candidates, and your GMAT will set you apart from the pack while you'd be average at best for full time recruits. It'd be interested to hear about why you think full time is the better option for you.