As a graduate of the traditional program, I am in a different situation than you. I do not have any limitations with my transcripts and can apply to any masters program. The probelem that arises for you, i believe, is that you will be planning on "bridging" to a BSN degree. The Bridging is what complicates things because of the way the Mount sets up their transcripts. The same problem would occur if you failed out of the Mount's program, and wanted to attend another nursing program. From my understanding, Westcoast University is the only school with a nursing program that will accept our transcripts for a person who fails out. I am unaware of whether they have an RN-BSN program though, so you may want to check that out.
Fortunately, you can apply to bridge from an RN to BSN at the mount. In that case, you would complete your ADN at the Doheny campus and then you would complete a final year at the Chalon campus with the traditional BSN senior class for that year. At that point, you should have no difficulty in obtaining a Master's degree at another institute such as UCLA or Azuza Pacific, etc. I would recommend looking into the RN to BSN program at the Mount.
As for your other question about jobs, well that is complicated. We've been told that there is a nursing shortage, but due to the economy, there aren't many new grad programs since it is expensive to train us. As a BSN you would have an easier time finding employment. Certain hospitals will not hire ADNs due to their magnet status, ie UCLA, Cedar-Sinai, Children's Hospital, Veteran's Administration. That being said, the 3 RN to BSNs that were in my section at the Mount all had jobs witht their ADN only. White's memorial, northridge hospital, and torrence memorial will hire ADN nurses and have a preference for mount students. I was fortunate to get hired at my #1 choice, UCLA. While nursing school is challenging and time consuming, it is important to be involved in your community (help at church, join a nursing society at the mount, feed teh homeless). This looks great on resumes and shows that you are well rounded.
I hope i answered all your questions. Let me know if i need to explain anything further