Thanks everyone for the thoughts. A couple answers/additional thoughts...
(1) I've thought about a top-tier MBA and decided against it due to my current situation and life goals (although I agree that there is ROI in these programs for the right person). I'm not opposed to job hopping in the future, but right now I like where I live, what I do and the company I'm with and have no desire to change any of those. Given I'm not trying to break into a new career or a NYC/SF/CHI/LA corporate scene at this point the cost and quitting my job to do it don't make sense. So it's definitely an affordable, night/weekend, local state school or online program if I do it.
(2) As far as how I see my career fitting in with my life, it is important to me but I would not put it at the top of the list. I'd like to progress in responsibility and comp from where I am now, but I see myself reaching a point where I would prioritize time/family over further advancement (want to have a family eventually). I'm not an extravagant person as is, so I don't see a bump to $300k motivating me too much when I'm already at $200k and would rather have more time back.
(3) While I do think I would find some the actual schoolwork interesting, if I'm being honest with myself, it's more of a career/financial ROI play.
So, essentially any benefit of getting the degree is allowing me to get to a point where I decide to make that prioritization decision sooner...whether that be FIRE, working part-time, or just saying I don't want to take on more responsibility in exchange for more time. The cost is any out of pocket cost (likely minimal, if anything) and the free time I would give up over the next few years.
Right now, I'm considering trying it for a semester and revisiting the decision after that.