Madison is a great town, and if you already work on campus, you have some potential assets in terms of contacts and familiarity that can really help your application.
As others have said, it's important for employment to have passed the PANCE, and to take the PANCE you need to graduate from a PA program that is accredited by the NCCPA or the PAEA or whomever. Madison's program is all set. Plus, the planned switch to an MPAS* could, depending on when the change goes through, mean you would be grandfathered in. At some schools that have switched over, students entered into a Bachelors program and wound up graduating from a Masters program.
Because all PA programs have to meet the same standards, BS vs MS is sort of irrelevant from an academic point of view. The one thing that is truly different from one to the other has to do with federal financial aid. The maximum per-year as well as the maximum lifetime a person can borrow changes as you get into graduate school, so if you are maxed out on federal aid (or close to it), it could theoretically make a difference.
I checked out Madison too, back in the day. I think their web page has a link to the U of Nebraska online Master's thing for PAs. If having the MS becomes important for your career trajectory later on, that could also be an option.
Good luck with your meeting!
* As an aside, I really like what Yale and some others do: they offer a "Master of Medical Science" degree, which means that PA is your job title and it's your professional designation, but your degree has the word "Medical" right in it. My school grants the "Master of PA Practice," which to my mind is better than "Master of PA Studies."
I mean, if you get a Master's in English, it's a Master of Arts... in English. It's not a "Master of English Studies," which I find to be recursive and weird. Plus, I'm studying to practice as a PA, after all. That's a pretty random rant, to be sure, but it's something that bugs me about PA education and it's a shame new Masters programs don't try to break out of the mold.