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Hello and welcome to the forum.
Academic market is 'rough'... I suppose that depends what you are comparing it to. Business PhD's in general are relatively easier to land an academic position compared with other fields. if your ultimate goal is to land an academic position, assuming top-10 program... , I very much doubt you will not find a position... if you are only willing to accept Top-10 or even T30 schools as a placement, then your potential job opportunities become much more competitive, and yes, it is 'rough'... however, to land simply somewhere should not be an issue if you are well trained and publish.
private sector 'fall-backs' are always an option for management PhDs, as many consulting firms would value research experience and high level stats training. However, the issue is if they can hire a master's degree candidate for less, why wouldn't they? The assumption is that you may want more simply because you have a PhD....
There are potential drawbacks to both sides... When all is said and done, if you ultimate feel the urge to pursue academic research for a career and can land a T50 placement, you (generally speaking) should be well trained enough to land some sort of academic position.
Without more details about your potential questions and concerns, it may be difficult for other members to pitch in better advice.
Best of luck with your decision.