MBA for product management?

I’ve been a PM by trade for several years, with industry experience at a major tech company, so my core strength has been on the technical side. I recently joined a new FAANG company, leading a small team of product managers. I’ve seen that many of my peers have MBAs, and it’s leaving me to wonder if there is a skill set I’m missing that can help me succeed and get to the next level.

Those that have MBAs or have contemplated a similar question, do you recommend it, especially given the time and opportunity cost? If not, what are some good alternatives that are not as expensive, both financially and in terms of time commitment?

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