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I would look up current students on LinkedIn and schedule informational 1:1 chats with them. This will give her a lot of insight about recruiting , case interviews, etc

Also, the career centers at these schools will have placement stats - she should connect with them too.

An MBA would likely be better for product. Not sure which program, but a program that is explicitly targeting product may do better.

MS in Comp Sci or better yet in Data Science. You don't need an MBA to be a PM (Amazon may be the exception here). What you need is some technical chops, and broad customer understanding, and PM experience.
I got that through a bachelor's in comp sci, tech consulting at Big4 and PM experience at a startup. Once you have 1-2 years of PM, lots of PM doors open.

I would also try posting this question in the MBA bowl, lots of helpful folks there too

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