The M.S. Degree vs. Everything Else?

salad_fingers writes "It has been said that the Bachelor's Degree is the new High School Diploma: everybody has one. It is taking a greater investment of time, money and effort on behalf of the individual to give oneself that needed edge in the professional world. I have noticed that in technical fields, specifically engineering, employees are flocking in droves to MBA programs to capitalize on the upcoming retirement of the Baby Boomers, and have largely considered pursuing a graduate degree in a technical field as a waste of time and effort. What does Slashdot see as the future of the M.S. degree versus other available and somewhat non-traditional degrees? What path should engineers pursue for maximum future employability?"