Aditya-

Great questions, all. The most critical question you ask is: MBA or MSMGT? The answer to your question really lies in your post-grad school plans. If you truly want to be a consultant, particulalry in the finance arena, you will be much better off with the MBA. Why? It's the calling card for consulting firms who recruit to hire their associate level consultants. Try to reverse engineer your career and through research you will discover that most consultants for the top firms have MBAs. You would find it challenging to differentiate yourself with many of the tried-and-true hiring practices which are very well established and in some cases, even visit only specific schools to fish for newly minted MBAs. Ask around and investigate which firms you would like to work for an then find out at which schools these firms recruit. Don't rush into your grad school plans. Better to get a couple of years under your belt and have a better shot at a top school than to get in a degree program now that may inhibit your dreams. having said that, don't forget that schools look at overall leadership and work experience of all kinds, so if your time with the non profit firm was impactful and substantial, you could end up convincing a committee that it will add value in the classroom just as much as your full time WE. It's all in how you packgage yourself. Let us know if we can help.