There’s not that much in an MBA program that one couldn’t learn through a combination of experience and/or independent reading. But wouldn’t you like to learn this stuff in 1-2 years instead of taking 15 and thinking “if I’d only known about this stuff back then, I would have made much better decisions???” Of course, 15 years from now, you’ll say that anyway, but at least you’ll be saying it about really really deep stuff, instead of basic stuff.
bchadwick, I view the question as the value-added of an MBA after a CFA charter and xxx other degree. I’m not sure the value-added is there for someone who dedicates herself to learning the material from an MBA that’s not covered in the CFA or their degree. But if they don’t want to go into finance and they don’t have a CFA and they have some degree unrelated to business, it can make sense because there’s quite a bit they would need to learn.