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In my opinion, the MBA (in general) will offer a wider variety of options and "backup" opportunities. Even though you have a fairly focussed short and long term plan, things can go awry, you can discover new passions, etc. The MBA degree I think is much more widely recognized in the business world than an MSc. Even though you're looking at an MSc Finance, that degree, while a lot more specific than an MBA, might not communicate its worth as well and and as widely as the MBA.
Through my MBA experience and exposure to finance, I've learned that it can be dangerous to silo up business functions. Even though the traditional organization is: Finance/Accounting Dept., Marketing Dept., HR Dept., etc., ... I think in this increasingly globalized world that every businessperson should have been exposed to most, if not all, business aspects regardless of their concentration. This is why I think an MBA will give you greater flexibility and appreciation for your career.
Of course, you have to then look at each individual program to make that final choice, and see if the program as whole will fit your goals and aspirations.
Usually direct entry to PE / Distressed debt etc. does not happen even after MBA from top tier schools unless you already have an I-Banking background and network your backside off. For a career switcher its near next to impossible. The best way is to get into I-Banking, doing your time and when the market picks up again, make the switch. However, you'll need the basic degree (MBA or MSc) as your launching pad into I-Banking. So make sure the course you are attending places enough people into I-Banking.
A graduate from MsF might be recruited as an analyst, the fundamental level in IB. A graduate from MBA is eligible of being accepted as an associate, the supervisor of analyst. Usually, an analyst will spend three years of time to obtain the opportunity to be promoted to be an associate. Some analysts seek a MBA degree to accelerate the promotion progress of being an associate. Just for your reference.