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The less competition point is a fair one, assuming hiring is constant throughout the year. If there's less competition, but also less availability of positions because of you're outside the recruiting calendar, then the timing ceases to be an advantage. Maybe compare the course plans you'd take under both programs? It's a big investment, so content would be the main thing I'd orient on, especially if I was early career.
The less competition point is a fair one, assuming hiring is constant throughout the year. If there's less competition, but also less availability of positions because of you're outside the recruiting calendar, then the timing ceases to be an advantage.
Maybe compare the course plans you'd take under both programs? It's a big investment, so content would be the main thing I'd orient on, especially if I was early career.