Pros of Oxford:
- 1 year program: you will be out by September 2023 and ready to go back to the grind.
- Living in the UK for 1 year exites you.
- Global brand
- Cheaper at 100$ price tag?
Cons:
- You want to go back to the US (you might change your mind once you are here though)
- Not as strong as US schools
- Economy heading to recession, would next year be a worst recruiting year? (no indication of this though, labour market is HOT right now)
Pros of reapplying US:
- Strong OCR
- Better if you want to stay in the US
- Economy might clear by 2025, and recruiting might be better?
Cons:
- $200k price tag
- 2 years program means you will be out by September 2025 => 1 year reapplying + 2 more years in school, are you ready for the opportunity costs?
- Reapplication stress: application + interview prep
- Wait 1 more year means you are getting 1 more year of work, do you have a plan to improve your profile by then? The schools will definitely ask about that, especially for reapplicants.
If I were you I'd just go to Oxford now, and start the new page of my life instead of waiting for another year, but I am in the UK and will be staying, so might be biased.
Let's see what others say.