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If you are already quite skilled in your domain then having an MBA should be treated just an added advantage rather than a must have. Your domain knowledge, analytical skills, people skills matter more and these can be achieved without MBA as well. MBA definitely helps in getting the first job when you are out of the college but after that it mostly depends on how you shape your career.
Pro
Yes there are certain things an experience person brings in with his domain and experience and certain things a MBA graduate brings in. I think there should be a mix of both in May organization but seems there is a huge difference.