Comment MS (Score 1) 260
I just completed my MS in Software Engineering this June. I got a BS in Computer Science in 2000 and in 2006 decided to go back to school to get my MS for several reasons. At the time I felt my job was getting to be brain-dead grunt work and I wanted to prove to myself that I could still handle the complicated stuff. So I went back part time - it was a 45 credit program and took about 9 a year (3 courses). My employer reimbursed about half of it so I considered it to be a pay raise.
It was a lot of work and I often grew fed up with it, but pulled through and am finally done. As for a PHD, I'm not considering one yet. Maybe in another 6 years...