Moving from ER (functional) to Strategic role in finance

Generally, the first role of a finance undergrad would be as an ER analyst but later on he/she might move to higher positions in the strategic role or after several years of promotion, move into a position of VC or MD for finance domain. That role would also need some additional knowledge of other sectors of the company in addition to finance. So, how do you acquire those skills ? Do you decide to go for an executive MBA again or learn on the job ?

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