> it's also rather difficult to provide the same level of quality of courses to the masses than say select few undergrads.

I agree

> master's degree - and these programs don't affront the same level of prestige and opportunities in the same way the other programs do (BS/BA, PhD, MBA, MD, JD).

I'd throw MBA in there too (unless from the top dozen biz schools, Stanford, Harvard, Wharton, Booth, Kellogg, Sloan, Haas etc.)