In THIS economy? Not really. I wouldn't have gotten my job without a Bachelor's, but current position doesn't require the MBA I have. In fact, I pretty much had to be a bit mum about the MBA to not be "overqualified" for most available positions.
The good news is, I like the company, and the job is pretty commensurate with my experience, and there is a lot of opportunity for growth and mobility within the company. Downside is that it is an hour commute each way, but one of the pitfalls of living in a rural area.
It's a pretty cool working environment, like a mini-Google type place.