Yes you need to tell admissions of the career move. They are basing their assessment of your candidacy on one set of assumptions and your candidacy has changed. However, you need to present this update in the proper context -- so that it is viewed favorably. The way you present this in the posting, it will not be that well received. Something simple as changing your tone can turn this from a net negative to a net positive. Also, remember that if you are admitted to a program, they will perform a background check and it is found out that you have left the firm you said that you were working for, this might cause some problems.
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