It completely depends on the individuals. I for one, always wanted to an entrepreneur. But felt that I need certain skills. I needed to learn things like pricing model, forecasting, project management, supply chain management, accounting and data analytics the theoretical way via MBA. Also, I wanted to strengthen my marketing and networking skills. I took the MBA route and am very happy I did that. I am confident of the above things now. Even though I might not be doing all/any of the above, I can at least understand what my employee is doing and be realistic in expectations (I also have 3 year software development experience btw). On the other hand, someone would already have figured these out wouldn't have to put money and time into an MBA program. Reiterating - it completely depends on the individual.