Definitely agree that you don't need an MBA to become a Product Manager - the training for Product Management can be quite different to most of what you learn in more traditional Business Administration courses.<p>That said, I do feel that one can benefit the other - MBA's teach a lot about practically running a business, background learning that can really assist when running a product development and management cycle or team, even if only for the fact that it gives you a better ability to understand and build relationships with other areas of the business.