Take 2 years to study masters full time or take 4 years to study part time while working?

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In a nutshell:
Pros of Full Time:

• Ability to focus fully on doing your masters. Speaking from personal experience, it is not easy given the number of papers to read and write, along with group work in some cases.
• Imagine if you were doing it part-time but cannot dedicate the full-focus it requires, some eventually drop-out due to no time and bad grades. Defeats the purpose of getting a masters.
• Would highly recommend full-time IF you have enough savings and investments giving a good yield to tide you through those 2 years.
• It is possible to juggle both a masters and a job that provides flexibility, but usually rare.

Cons of Full Time:

• The opportunity cost of income in the 2 years doing full-time masters could be detrimental to some, especially for those who don't have adequate savings.
• IF for whatever reason you are doing a full-time masters, and procrastinate all the way, then GG. Not only do you not earn income, but you are also wasting money on a masters where you are not learning.

I'm not at a masters level yet as I am pursuing a part-time bachelor's degree, but I assume it will definitely be more vigorous.
Working full-time while studying part-time is downright tiring. It involves sacrificing time that you'd have spent with your family and friends, sometimes even your hobby.
If for some reason, you tend to end work late or have late meetings, rushing to school can take a toll on your mental capacity to be attentive in class.
Plus, I'm not sure if the same applies for masters, I find that some of my modules are very touch-and-go. Like for example, maybe a full time degree would let students run a 'real' campaign for a public relations module? But for us, it was just on paper.
If I had the chance to start over and have enough finances to fund a full time programme without having to work, I'd take it.
Good luck though!

Will say full time.

Tried the part time stuff, you need to properly manage work + family + thesis/papers, which is personally very tiring. Especially with all the rushing from work to school.

As with most things, a compromise is necessary.

However, if you do have an understanding boss, work out an arrangement that suits you! Could be part time work or telecommuting, either way, it alleviates the stress of studying part time while working full time.