I'm currently in my second year and really considered going to business school and applying for round two this year. However, wondering if that's the right choice given they offered me a third year and said that a third year will be helpful for future recruiting and they're more likely to give VP return offers to third-year associates. Thoughts?
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You can always apply, see where you get in, and then make your decision from there. You might also be able to defer your acceptance for a year.
Just FYI, I don’t think HBS / GSB are letting people defer at all this year as they had made accommodations for COVID. From recollection, the HBS deferrals from 2020 were split between starting this year and 2022
If they like you after the third year, they'll like you after the second year.
If you get into HBS or GSB - just go.
Contrarian opinion: if you like your firm, they want you to stay, and they’ve signaled it’s good for your standing at the firm, then one more year won’t kill you, and it sets the stage well for your eventually ladder climb, in terms of relationship with firm leadership, skills acquisition, and embeddedness in firm network, deals, portfolio companies, processes, etc.
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