Should I do a Master's in Management?
I am in a dilemma on what to do next in my life. I've inquired friends and family on this matter already, but they all seem to be supportive no matter what I choose and I need some objective opinions.
For background, I have my undergrad from a target school in the UK (think Oxbridge/LSE/Imperial) where I studied Management/Business Management. I then worked in strategy/sales for 2 years at a fintech in London (left because of visa sponsorship issues), before doing an investment banking internship at a global bank (who sponsored my visa for the 3 months). Due to unlucky circumstances, there wasn't any headcount for an analyst after my internship, so now I'm unemployed again a year later. I'm 3 years out of uni and as a backup applied to the global master's in management programme at the same target school I went to for my undergrad (2 year master's in management, with a term abroad at a target uni).
The GMiM cohort seems to mainly be people coming straight from undergrad/people who haven't studied management before/people from non-target universities (so it seems they are getting some value out of this programme). In comparison, I don't know if I am adding much to my profile right now with this degree + I would be applying for entry level jobs with people 5 years my junior by the time I graduate. Also, given that it's an expensive programme (around £80k) it's unlikely I'll be doing another master's again. I always imagined myself doing an MBA at some point, so doing this programme would mean saying bye to that dream.
On the other hand, I've been trying to get a job for over a year (nearly 2 including my time at my first job), with barely any luck. I've gone on coffee chats, cold messaged hiring managers on linkedin, applied cold online and haven't gotten anywhere so far. It seems since leaving my internship the job market has also gotten significantly worse. Moreover, I'm interested in strategy focused roles/finance, so a master's might help me reset my application as an enrolled student. I've also built my life in this city for the last couple of years, have friends/family/a network, so it makes me a bit scared to leave all of that willingly.
I think I've got a good CV overall, but I've just been a bit unlucky with opportunities. I'm not sure whether to keep pushing and just go ahead with this next degree OR to pull out from it and try my luck with getting a job full-time + simultaneously applying to other master's elsewhere/of a different subject to expand my profile.
My dilemma is whether to take the opportunity I already have in hand or take a risk for something I would want much more but may not actually get.