It's possible to do the MCSA in 14 months as that only entails four exams. Three and a bit months per exam is doable if you are motivated and a good learner.
from click here ...'The MCSE is seven exams, hence only two months per exam. That is a tight schedule. When I did my MCSE it took me 3 years full on study and I had 7 years experience as a network admin. One exam took me a year (ISA elective) before I felt ready to sit it. Another 70-216 (nicknamed *the beast*) I failed after 6 months study. Some of the MCSE exams are tough as hell to pass. Do not underestimate the complexity of them.
I think MCSE is over the top for anyone that hasn't had at least a years experience supporting/administrating server products. That is Microsoft's targeted audience.'
You may wish to read the rest of the above forum as they give good advice especially click here.
However...many IT jobs are going abroad (BA recently relocated the whole of their IT dept to India) and there is stiff competition for even the most basic IT jobs from much younger people with more experience. If you have the spare cash by all means have a go but IT jobs are few and far between, they are heavily subscribed when they appear, tend to be rubbish starting pay and cobblers to the age discrimination laws, your age would not help.
I believe the course costs £4500, if you have the cash available fine if you have to get a loan or CDL.....I would think long and hard and possibly ask them to supply a list of their placement 'successes'.