Yes! It is super competitive out there, and despite what some of the more optimistic members of these "fora" claim, that will not change--at least any time soon.

I am doing an online MSA in aviation safety. It is cheap at $20k (including texts), I am learning a lot pertaining to SMS, TEM, HFACS, situational awareness and decision-making and other valuable aviation subject-matter, and I can use it to position myself so that I can acquire a job with the NTSB, FAA, airline safety department or a pilot training facility such as Flight Safety in case that I should unfortunately lose my medical.

You will have to evaluate what your goals are in regard to why you want it (personally, my desire to know more motivates me to carry on with the program; without that impulse, it would be hard to pursue it through). Another consideration is how much time you have available. I find myself utilizing much of my time off studying instead of doing other things which I would enjoy recreationally. If you are time-constrained, it could be an issue if you fly too much or have other responsibilities.