I don't think you can say one is more important than the other unless you know what field you'll be working in. A MBA is more generalized but can be tailored to a specific field of study. For example, I'm currently pursuing a MBA with a concentration in Finance, Strategy, and possibly Real Estate. There are MBAs in Technology, Marketing, Health Care, Accounting, Supply Chain, and numerous other fields. A CFA on the other hand is specific to investment analysis. While possessing a CFA doesn't mean you have to work on Wall Street analyzing securities, it does however focus on just one thing. So again, depending upon what you want to do with your career will determine how important either one is to you.