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I am an MA graduate from NYU and am in a PhD program right now. Here are my quick thoughts:
1) If you are thinking about the business sector - it's better to get an MBA.
2) If you are thinking about international development/government you should seriously look at MPAs at Columbia, SAIS, Harvard, Princeton, etc . . .
I think the MA at NYU helps people with weaker undergrad backgrounds be more competitive when applying for PhD programs. If you take this route, be sure to get to know two full time faculty members in order to get recommendations - these count for a lot!
Those who are doing development and are either thinking PhD or possibly evaluation work should probably really look into the MPA-ID program at the Kennedy School - top notch and you have lots of options aterwards.
Good luck to all.
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