Unless you want to stay in academia to teach for crappy salary, well if you progress, then you might get just under 70k (might take you 20 years for that), just leave the academia ASAP. People invest too much energies in getting through a PhD programme and do not think at all about what happens after they successfully obtain a PhD.

I have seen applicants who left the PhD programme half way through. To us, it doesn't make much difference whether a candidate has a Master's or a PhD. I care a lot about the relevance of your most recent degree (because it demonstrates your interest and commitment) and the grades. I don't give a **** about your grades in A-level Art or History, or for that matter a 49 in Paradigms in the Twentieth Century Sociological Thought from a top university. The HR might have a different view on your transcript.

What is your first degree? You should never apply for a Master's to get an entry level job unless all your attempts (finding employment) have failed and been exhausted.

A Master's degree ex MBA is supposed to be an optimal qualification for an entry-level job - you have to have a relevant Master's though. So what is the point in doing a 2nd Master's degree? It adds no value at all to your CV.

If you studied Statistics as a undergrad and you have a Master's in Banking and Finance and now want to work in a gallery or something, then it might be advisable to get a MA in a relevant subject.

If you do decide to do a MBA, it is not uncommon for MBA applicants to have a Master's degree. But speaking as a person who has completed a MBA in a top tire business school, my advice is before you enrol on a MBA, do everything you can to achieve your objective (of changing an industry or job), talk to headhunters, talk to your friends and look at the websites of companies. If all attempts fail, then a MBA might be a good idea but only in a school where you have a realistic chance of expanding your network and meeting recruiters from companies you wish to work for.

Some of the posts on this forum are in general a bit too idealistic - since most are academics you can understand why. The job market is a lot harsher than they think.