You will want to download VS 2022 latest version for use with UE 5.3:
Please Regenerate VS Files After Installing VS 2022
Please Make Sure To Delete Intermediate/.sln And Regenerate Project Files, after installing VS 2022 (right click uproject, switch engine version or Generate VS files)
Reason: If you upgrade to 5.3 and generate VS files before installing VS 2022,
Then install VS 2022 after <~~~
Then try to compile, now with the curious Blend of an older .sln + the Fancy Hot Newness of VS 2022,
The Behavior of VS Is Indeterminant <~~~
And Microsoft VS may very well trigger an accidental link via the Azure Cloud that causes a satellite to aim Your Unreal Engine Project Code at the Rings of Saturn,
And only You can possibly know what will be the resulting High Frequency Emission Patterns (HFEPs) from the Rings of Saturn, based on what kind of game you are making!