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Now when reading about how class of 2024 struggling to find internships and class of 2023 with delayed or rescinded offers has me worried about finally pursuing this goal of mine.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!!

Comments (7)

1mo 
WSO Monkey Bot, what's your opinion? Comment below:

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.

  • Associate 1 in IB - Cov
1mo 

Where are class of 2023 getting delayed or rescinded offers other than CS??

1mo 
masterg, what's your opinion? Comment below:

Quos voluptates rerum est animi. Similique voluptatem est voluptates quas animi a. Quia est amet adipisci provident. Sit eos ex sequi porro id. At voluptatem temporibus voluptate quo soluta. Et ad perspiciatis accusantium veritatis deleniti. Alias minus et expedita natus cum inventore. Dolores recusandae magni architecto adipisci amet et aut.

Ut similique dolorum eligendi eos numquam sapiente eos aut. Sed est exercitationem amet debitis. Perferendis sint eos aut accusantium omnis odio iste. Odio harum quo neque reiciendis ipsam. Laudantium officiis inventore neque dolorem.

Enim cum quas consectetur. Voluptatem est consequatur minima et nemo officia quibusdam. Laborum dolorem magnam facere et pariatur. Omnis facere et est voluptas mollitia consequatur ea nostrum. Quo quasi laboriosam qui eos.

Start Discussion

Career Advancement Opportunities

May 2023 Investment Banking

  • Lincoln International (▲01) 99.6%
  • Jefferies & Company (▽01) 99.1%
  • William Blair (▲12) 98.7%
  • Financial Technology Partners (▽01) 98.2%
  • Lazard Freres (+ +) 97.8%

Overall Employee Satisfaction

May 2023 Investment Banking

  • William Blair (▲04) 99.5%
  • Lincoln International (▲12) 99.1%
  • Canaccord Genuity (▲18) 98.6%
  • Stephens Inc (▲12) 98.2%
  • Financial Technology Partners (▲05) 97.7%

Professional Growth Opportunities

May 2023 Investment Banking

  • Lincoln International (▲01) 99.5%
  • Financial Technology Partners (▲03) 99.1%
  • Jefferies & Company (▽02) 98.6%
  • Lazard Freres (▲15) 98.2%
  • UBS AG (▲19) 97.7%

Total Avg Compensation

May 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (32) $396
  • Associates (147) $260
  • 3rd+ Year Analyst (11) $198
  • 1st Year Analyst (279) $170
  • 2nd Year Analyst (90) $170
  • Intern/Summer Associate (46) $166
  • Intern/Summer Analyst (205) $92