CFA v/s MBA. Or both and why ?

So i finally signed up for CFA Lev 1 after almost a year of agonizing over its utility. Im already pursuing an MBA (accounting, entrepreneurship and finance) from perhaps the best business school in the world - bar none. IMHO - so dont flame me. So what finally tilted me down this path ?

I was thinking the CFA would end up being double work. Two of my concentrations in the MBA are finance and accounting. So im pretty much AWARE on most of the topics in Econ, FSA, investments and quant methods. Yea - ive done full-on DCF(and APV) valuation, modelling and even structured a merger deal in my M&A Accounting class. So why a CFA ??

For one, MBA classes tend to be 10 weeks long. its just 10 weeks of intense accounting and move along to the next topic. If the next topic ends up being something in HR, you lose complete touch with the subject. You're aware of the topics, but its not your focus.

For another, since i do not work in finance / accounting/banking etc etc, there's nothing to keep me in touch with the subject.

Also (and i know its bad grammar - so shove it), i agree with a lot of the forum posts: an MBA is a generalist degree.... and it should be. It taught me a lot of business planning and competitive strategy. No matter how nazi one is on going into finance, one still has to understand that one operates in the real world of business. While making models, Ive discovered that there is no substitute to understanding "business economics". Those skills are a lot more important than simply creating a model. So an MBA IS important. I can tell you a 100 reasons why but we would digress at this point.

But if you're interested in a deep dive into topics like Corp fin and fundamental analysis, i think a CFA is the best thing to do. I think i would spend a lot more time working on topics that are of my interest than just what an MBA provides.

So where do i stand on the topic of "versus". I guess it depends on where your interests lie. If you want to understand fundamental analysis or share my vision of getting an investor. Id say get both. Of course, this is only if you can afford the time and cash (and im lucky enough to say, at this time I can afford both). If you just want to get a generalist degree get an MBA (stay tuned for my philosophy on an MBA) .

There is some truth to the matter of employers screening for a CFA but ill say from my discussions with my peers who work in the industry, they look at a lot other factors. So be judicious on this subject because your efforts on the CFA might just end up not helping you reach your goals in this environment.