Some kids here forget they are comparing completely different degrees. Msc Management is a pre experience degree for 20/21/22 year olds seeking for their first employment after graduation. Those coming from UE countries will understand the importance of a masters degree if you consider working in the UE but outside the UK (where a bachelors degree is enough). In that aspect, and for that kind of profile, MSc Management is the best degree in in its kind in Europe (competing with HEC, Bocconi, ESADE and so on) and in the world since the US ivy's don't accept pre experience peop in their MBA programs, despite what some proclaim). Furthermore, if you look at MBA's class profiles, most students did management studies before attending the course.
MBA/MFE are comparable degrees because they aim similar profiles. That is: people with bachelors (or bachelors+masters) + work experience. YES, work experience ! I can't believe you didn't even bother checking the age average. 29 years old !!!! against what.. 22/23 for the MSc?? the big difference lies in the 5 years of work experience in the middle and that explains 1) the better job prospects 2) the higher wages.
As for the general/specialized degree, that's a crap argument anyway. How specific do you think an MBA at Harvard HBS is? Msc management is general, even if at LSE they try to make it more strategy/consulting oriented. MFE is probably more specialized because finance degrees usually are and when you are 29 and stopped working to take back study, you usually know what you want and general stuff you already know is not on the list. However, it's not a degree as popular as an MBA. MBAs finance oriented like they have at UChicago are far more difficult to get into and that's how you explain a poor 60/290 ratio at MFE Haas.
MFE at Haas is
Profile of MFE 07
Students Applications Received: 243
Number of Admits: 91
Enrolled Students: 59
Women: 15%
Men: 85%
Countries Represented: 16
Average Age at Enrollment: 29
Average Years of Post-University Experience: 3.78
Undergraduate Institutions Represented: 48
Average Undergraduate GPA: 3.65
Graduate Institutions Represented: 43