GoGo or Not

Dear all, I applied to a little less than 6 Ph.D. program at Princeton, Columbia, UCB, NYU and etc, but got rejected by them all. My GPA is 3.8 in my last ma program in IR. Toefl: 107/120, GRE V156/Q169 However, I received 2 consolation MA admission by Columbia Unversity (one year I guess) and NYU (3 semester to 2 years), without funding. Now the dillema is twisting and making me pretty dismay as I'm deeply afraid both of the programs are so-called cash cow programs. As I'm looking forward to work in NYC or broadly the US, I don't know if these two programs are adding value to my job prospect. So I'm really looking forward to comments and suggestion by anyone who knows about these programs in terms of the quality, the evaluation, both academic and from the perspective of job market. Really appreciate it!