I would like to ask for maybe a bit of advice based on your experience (or just awareness) with reference to employment based on the reputation of your education. I know employers look more at work experience in the industry and less maybe on academic achievements. Of course both are important and have their place, but I am at a point where I need to make a decision towards the latter.
I am contemplating at applying for a Masters programme in Software Engineering (or Computer Science with strong SE emphasis) at a university in the UK. Due to my existing commitments, I am interested in an online degree. For example, I was looking at University of Liverpool MSc S.E. at a higher cost and 2.5 years part-time only available (ranking in university tables around 30th), vs University of Hertfordshire MSc Computer Science (S.E.) at almost half the price and 1.5 years full time or 2.5 part-time (ranking in university tables around 60th).
One is cheaper and maybe of lower reputation in rankings but good connections with businesses, the other higher cost (will need to dig in my own pocket as student loans not enough to cover costs) but bigger name and more reputable throughout. Modules covered kind of similar, not sure about quality and depth.
Again, I know work experience is primordial at job interviews but I would appreciate if answers/advice would be geared towards the academic side of things I am asking about. Very much appreciated your input.
*Edit: As noted in some of the comments received, I omitted to mention I the professional direction I intend following the Master. My Bachelors in CS related and worked as a developer on small projects for a couple of years following graduation. I intend to continue along this line but with a stronger academic CS/SE background. I am not discussing the value of a Masters vs just continuing without - I will still continue to work freelance and small contracts during the Masters but want to top up my education at the same time; that's why I am opting for the online option of study.