The background:There was a time when I was adamant about NOT getting an MBA. I don't want to be in a traditional corporate job so I didn't see the point in pursuing what I saw as a corporate degree. My friends were (and still are) getting MBAs left and right while I stood firm in my "No MBA for me position."
I was looking into pursuing a Masters in Communications. I'd taken the GRE, was working on a writing sample, and had figured out my school list. My sorority sister had graduated several years ago from one of the programs I was looking at and I wanted to get her perspective on the program. She was in the process of getting her MBA from Stern and told me to go for the MBA. Why did I listen to her? Because she'd been where I thought I wanted to go so she had personal experience to validate her advice. She told me to research schools and take the GMAT just to see where I landed.

My Reasons:
I found that I was kind of like the character in Green Eggs and Ham. I kept saying how much I didn't want an MBA, but I'd never actually researched the degree. When I took the time to do so, I realized that the MBA is EXTREMELY flexible. People used the MBA from a wide range of industries. Plus programs seemed to allow for taking a few classes in other schools at the university. I realized that I could tailor an MBA to my interests. I was also surprised to find that classes within the MBA programs also piqued my interest. The exposure I could get to my new industry through clubs, recruiting, and a summer internship also appealed to me. Doesn't hurt that the MBA positions me better for higher management level roles and can help me secure an even higher salary. So if the degrees basically cost the same, why not go with the degree with the higher earning potential?
Basically, I want the MBA because it gives me so many options to change my career. I can have a great time away from the rat race for 2 years. Most importantly the male/female ratio is heavily in my favor :-p
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I presume you have seen this post: the-true-value-of-your-mba-v-74335.html
Not answers your question directly but relevant

Also: the-evolution-of-your-b-school-pursuit-56765.html
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BB, once we take out MC, IB, PE out, the P&L gets more interesting Anyhow, my question is more about the non-monetary factors.

Unfortunately all the MBAers I know are still studying. The ones who graduated (from various EMBA) specified only network and network events.

I am not challenging a decision, rather trying to dig out the real, realistic reasons.

Pursue the MBA if it fills gap.

Current position -------------- GAP ------------------- Desired Position.

Desired position could be anything : salary, job profile , dream company...anything.

If some other degree can also fill and that too in easier way, do not hesitate to follow your dreams. MBA is not a tool to convert a low salary to high, but a sacred education that would yield wonderful experience and knowledge.

In my case this Gap can be filled by MBA only
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Gmat test review :
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Coming from the military, a lot of people like to blow sunshine up your ass about how in demand and marketable you are, but the reality is while we have great leadership experiences at a young age, we seriously lack industry and business knowledge. That's where the MBA comes in.

A lot of companies have "Government consulting" divisions or "Junior Military Officer" rotational programs which aren't attractive to me because it pigeon-holes military officers, and quite frankly, I'm not getting out of the military with hopes of working with a bunch of other former military guys - I want to be working in the "mainstream" areas. Going to school with people from all walks of life helps with this matter and prepares someone in the military for the transistion.

The bottom line: The MBA enables me to do what I'm interested in and doesn't restrict my career opportunities to my past experience. I'm highly marketable in the government arena, but I have zero desire to do that. There are plenty of Junior Military Officer headhunters that are no better than scummy sports agents as their goal is to clearly land you the best paying job they can based on your experience so they can take their cut. The one I spoke with couldn't wrap his head around why I wanted to go into marketing even though I had an engineering background. He thought I was nuts for wanting to get an MBA to make a career switch. Needless to say, there are a lot of people who don't understand the value of an MBA.
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http://www.youtube.com/watch?v=9fWvub_WBho

What he said. Thanks for making me look like a long-winded blowhard by cutting right to the point
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http://www.youtube.com/watch?v=9fWvub_WBho

There are a few main reasons for me:

Pivot. I've been steadily gaining experience in real estate marketing. I like to think I'm pretty good at what I do. But if I stay the course eventually that'll be all I can do. I want to explore, see what else is out there and what else I can do. The MBA gives me more options.

Learn. Not only do I not have all the answers, I'm don't even know all the questions! With an MBA I'll get to learn outside my niche and learn to solve problems that I didn't even know existed.

Accelerate. I'm not just tuning up my resume, I'm installing a better engine. With an MBA I'll be able to move my career forward faster and accomplish more sooner. There's all this talk about how having a Bachelor's just doesn't cut it anymore. And with so many countries developing so rapidly and much faster than the USA, what guarantee do I have that I'll be competitive in 20 years? With an MBA I'll always have something valuable to bring to the table.

For me it's simple and straight forward.
I wanted to be a Product manager in Mobile Technology domain. My current education and current experience stream can get me my desired role [but takes several years]. An MBA would put me in that role in 2 years time ! ...... #accelerate