I am a final year student studying design. And now my parents are advising me to do an MBA. Because any person in any field at the top is an MBA. I don't necessarily feel it is required. Will an MBA make a big different in my career as a Graphic designer?

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I can’t speak from personal experience but it seems to be the best option to work for a little while before you do an MBA.
Top MBA programs will want you to have real world experience and hopefully if it’s mutually beneficial your employer will pay for you to get the degree.
I’m not sure that I’ve seen any MBAs I know/have worked with that went directly from undergrad into an MBA program unless they were a student athlete and needed to do some sort of school to keep competing.

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No

MBA before your first full-time career job is the biggest mistake you could make. You would lack the experience needed to come in at a typical post-MBA level, but also be seen as too educated to come in at the entry level. It’s a catch 22 that you need to avoid. Your parents are thinking with an ‘80’s mindset (as did mine, and I thankfully did not listen when they said I should do an MBA) — this will not help you today.

If you want to make it as a graphic designer, your book of work and the projects you’ve been on will be much more important to building your career. Your artistic talent and clout matter more to the artsy folks, NOT an MBA. I promise. Get in with the right crowd of trend-setters in NYC and find opportunities to work with them — that’s what will take you places in your field. If anything, wait a few years and do an MFA.

No, it will not make an immediate difference. Work for a few years and then you can pursue your MBA if you want to - it will be more valuable with work experience under your belt to apply it to.

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