Hi krisgnair,
It is well worth asking for hard information about where MSc or MBA graduates find employment and how much they earn.
However, the schools are reticent about giving that information. I would guess that the salary and career expectations of such courses are, in reality, pretty mixed. If you are expecting a big hike in your earnings and responsibilities post graduation I suggest you take a more cautious attitude.
A few years a ago I considered an MBA and was offered a place on a prestigious course. Eventually, I declined the offer and completed the City University Air Transport Management and Air Safety Management programmes. The course was excellent but it did little for my career prospects.
A neighbour of mine spent £50,000 on the Sloan course at the London Business School. After two years out of work he is re-training as a school teacher just to find employment. LBS could not give him hard information on salary expectations when he asked . . .
The bottom line with any of these courses is that you should really only read for the degree if you have a passion for the subject and can afford to take a career break.
You really should pester the college for details of alumni earnings and prospects. If they won't give you hard information then ask to speak to a graduate. If the college are unhelpful there may be a reason for this.
Remember, slick marketing exists within academia and they need bums on seats just like the airlines.
Check out the desination before you buy the ticket !
Good luck.