Hello Nitin,

I have answered that question once before in this big stack of questions and answers, but recognize that it may take some time to find the answer. In my opinion, both the MBA and CFA have both important overlaps, as well as differences. I have both my MBA and CFA. Lots of data shows that a CFA is more valuable to prospective employers of financial pros than an MBA, and as you pointed out, it is also cheaper. Also, your local CFA society provides a very valuable network that is comparable to your MBA network. However, if you do want to be a research analyst (either on the buyside or sellside), an MBA really helps you to understand businesses and the concerns they face on a daily basis. This is invaluable as an analyst (to know and understand a company from a company's perspective).

Best wishes for success!

Jason