Getting cold feet getting my MBA due to the economic uncertainty

Hey All,

I was recently admitted to a T20 MBA program (Tepper/McCombs/UNC tier) and currently in an Enterprise Risk Consulting role at a Big 4 firm.

I have been in Risk for most of my career (~7 years) and I am starting to inch closer to being more miserable. I pursued a goal of applying to full time MBA programs this past fall and was ecstatic to get an admit not too long ago.

Now when reading about how class of 2024 struggling to find internships and class of 2023 with delayed or rescinded offers has me worried about finally pursuing this goal of mine. I know this is the perfect get out of jail free card in terms of doing a reset to my career (looking to get into finance) but am really nervous about job prospects during my time in the program with murmurs of a recession occurring in late 2023.

Now I am considering reapplying for 2024 Matriculation but at the same time there might be some risk of more layoffs occurring in the coming months, especially in B4 and consulting, so I would be taking a risk for that occurring that as well.

My dilemma is should I go ahead and attend this year or wait it out a year and reapply to see if I can get into higher ranked schools all with the risk of a layoff happening at my company while also doing a job that I am pretty much over doing (not quite there yet). Is it worth to attend this year especially at a T20?

Any insight or feedback would be greatly appreciated!!

7 Comments
 

Hi freddyflintstone, don't worry, the WSO Monkey Bot is here.... I'm hoping one of these links will help find your answer:

More suggestions...

Fingers crossed that one of those helps you.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Where are class of 2023 getting delayed or rescinded offers other than CS??

 

Earum modi quaerat iure numquam molestias. Quasi illum optio dolores ab. Error similique ut aut. Dolores maiores quos repellendus aut et dolorem.

Esse rem maxime ipsum laudantium necessitatibus. Et consequatur consequatur qui quia odit aut autem. Ea qui aut rerum dolorem adipisci. Facilis eveniet voluptas dolor possimus quis assumenda.

Ducimus et quasi ullam quibusdam dolores. Neque iure deleniti quis quia. Commodi repellat consectetur eos. Nostrum nesciunt dolores sint. Dolorem sint atque harum. Est eum deleniti non aut quidem.

Sint reprehenderit dolor et quas facilis et. Dolorum suscipit voluptate et vero ut dolores velit. Blanditiis praesentium omnis et explicabo vel eius numquam quae. Hic consequatur qui voluptatem cum earum inventore quo.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”