I am in a similar position and am looking for suggestions. I have been in my current job function for almost a year now (mechanical design engineer for a top Automotive OEM Manufacturer). I have been thinking alot about getting my MS degree lately. I have been looking into one of these new "hybrid" degrees...MS in Product Development Engineering. I work about 10 minutes from the University of Michigan but unfortunately they don't have a masters program in product development engineering. The reason I want this degree is to blend business and engineering aspects into one degree which will allow me to be a better product development and design engineer. I have been looking at the online DEN MS program and University of Southern California in Product Development Engineering and this is looking very attractive to me. I will have the grades and test scores to get in here, the question is how would it be perceived? It's quite obvious that the degree is online because I work in Michigan and the school is in Cali. Should I just go for it? I mean, the curriculum/degree would allow me to be a more competent engineer and expand my skill and knowledge set. I wish Univ. of Michigan offered this degree but they don't, and all other schools in Michigan are too far away from where I work/live to effectively commute, work, and go to school. What do you guys think about my situation? USC is a very well known and highly regarded school with a well known, regarded, and ranked engineering school. At this point, I don't want to give up my job, which I love, or the salary, which I need, to go to school full time. Plus, work will cover most of the bill. Suggestions? Comments? Thanks in advance.