The Canadian, who began 61 F1 races for Williams with a career-best results of seventh within the 2021 Hungarian Grand Prix, has stayed away from the highlight since losing his seat at the end of last year.
Having determined that he didn’t need to swap to different racing classes within the brief time period, he has now revealed that he plans to do one thing fully completely different.
In a submit on social media on Tuesday, Latifi stated that he has spent this 12 months weighing up his profession choices and determined that he needed to step away from racing fully to go research.
“I made a decision very early on within the 12 months that I would not have any racing plans for 2023,” he wrote. “It undoubtedly felt very unusual not having the identical routine I might been in for over half my life.
“Figuring out that I would not be behind the wheel of a race automobile this 12 months, I had clearly begun to consider what could possibly be subsequent for me, whether or not that concerned racing or one thing fully completely different.
“I made a decision that for the instant future, I needed to take a while and pursue a distinct avenue and give attention to one other path.
“Rising up, I all the time had a eager curiosity on the earth of enterprise, and I all the time stated it was one thing I might’ve studied at college had I not gone the racing route.
“With that in thoughts, and understanding I could be taking a break from racing, I made a decision that I need to pursue an MBA diploma and give attention to one thing that might rework the following section of my life. An MBA was all the time one thing that I had contemplated doing post-racing life, even when that had been into my late 30s and early 40s.”
Nicholas Latifi, Williams Racing
Photograph by: Sam Bloxham / Motorsport Images
Having made the decision to go for an MBA, Latifi stated he frolicked researching the place the very best place to review was and making ready his purposes, along with his bid to go to London now accepted.
“This was not a straightforward course of and took many months! Anybody who has skilled the journey of making use of to a enterprise college is aware of how troublesome it may be,” he stated.
“After a five-month journey from beginning the method, I’m happy to say that my candidacy was accepted for a spot within the MBA program at London Enterprise Faculty (LBS), which I might be beginning in August of this 12 months.”
Whereas Latifi would have had loads of choices to return to competitors, he felt that having misplaced his place in F1 meant that now was the proper probability to pursue his different profession curiosity.
He added: “This choice could appear shocking to lots of people. Transitioning to a distinct racing class may need appeared the obvious transfer.
“Nevertheless, I knew there would all the time be a life post-racing in some unspecified time in the future, and I made a decision that now could be time to organize myself for that.”
And whereas the MBA might take up his life for the following few years, he has not dominated out finally getting again behind the wheel.
“This isn’t essentially a goodbye to the racing world without end,” he stated. “Racing has been my life because the age of 13 and remains to be one thing I’m extraordinarily captivated with.
“I have not missed watching an F1 race but this season! Nevertheless, I felt like this 12 months was the best time to discover and pursue different avenues in my life.
“I am very a lot wanting ahead to this subsequent journey and need to thank everybody who has supported me all through my profession so far. I hope I can proceed to have your help as I take a while to pursue a distinct path.”