Prompted by the post on recession, I wanted to get thoughts on what the economic outlook is for 2022 remaining half and looking further ahead for 2023/2024-- I know it is difficult to look that far ahead?
Basically, I am looking at a 1 year program in 2023 and so graduating in 2024 January, the job prospects will depend heavily on the prevailing economic conditions and so need to have a plan in place. Would it be a good move to invest in a 1 year program (for mid-career execs) and graduate in 2024 Jan?
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I plan to take a loan for the tuition fees (100%) so worst case scenario would be graduating with a hefty loan but without a job for lets say 6 months. I can take a lower paying job (if that is an option) but that has its own long term drawbacks.
There's two decisions to be made: (1) Degree: Yes or no? / (2) If yes: Now or later? Let's assume it's a yes for (1) and you really want this degree, which you may or may not need (this is a separate discussion). My advice for (2) would be to analyze whether you could afford to get through the worst case scenario without financially ruining yourself. If not, I would stay clear of the degree. Otherwise, 2023/2024 may well be a good time if the opportunity cost isn't too high. Again, none of us have a crystal ball for how things will turn out on a macro level. As long as you're clear about your personal mission and demonstrate the right mindset paired with competence, you'll be unstoppable!
Thanks, those are some really good points.