I'm not coming straight out of undergrad. I've been working for most of the past 5 years, and in the past 2 years I've been in the consulting industry.
Most of my senior colleagues at my consulting firm have MBAs. However, I decided (with help speaking with my bosses and others who know me) that business school wasn't something I felt comfortable with. I perceived it as essentially paying for a network and taking classes on subjects I would be better off learning about 'on-the-job'.
My approach to thinking about grad programs has been a compromise of sorts. I wanted to pursue a serious field and I have a strong affinity and interest in mathematics and statistics, but my interest isn't deep enough to commit the time for a PhD. My overarching goal is to improve my 'brand' as a potential employee, helping myself for the next few decades as it seems a graduate degree is becoming more and more 'typical' (for better or for worse). Hence, I don't feel TOO uncomfortable by the idea of going to a 'cash cow' program or a program where the faculty might be more transient (if I'm not looking for recommendations to a PhD program or research efforts on my CV - how much does that matter?). But that's not to say I discount that entirely.
Of course, the biggest factor (and the one I can't really ask strangers for help with) is how much tuition I can afford. But I want to make sure I'm considering all the right variables (job placement of past students, placement support, duration of program, faculty members) and asking the right questions.
A lot of the information out on the internet and in places like these forums seems geared towards people aiming for a PhD or people who have the goal of doing serious academic work, so it has been difficult to learn about the experiences of others in situations similar to mine.