Well I'm not the one who does resume sorting, so usually if it makes it to my desk I know there's a good chance they're qualified. If you give me (personally) two resumes, one with a master's degree from almost anywhere, and one with two years of experience doing /exactly/ what we do, I'll choose the latter first. At this point, master's degrees don't carry the weight they used to in my mind based on (1) people I've interviewed (2) my coworkers and (3) my friends and acquiantances.