Does Somebody need a MBA to work the ranks on Wall Street???

For further clarification I am asking if somebody who graduated at the top of their ugrad class from a non target school and took interns at banks/firms during school etc. When they graduated, could they land a job at wall street and work there way up the ranks at IB, hedge funds, brokerage firms, etc. My underlying question is do you need a MBA to make it in the big leagues and make a lot of money? Would you look downed upon?

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