Confused on if I should get an MBA

Hey everyone, seeking some career advice here. So, I've been grinding away in the risk domain at a big financial services MNC for about 2 years now ( have total experience of 5 years from similar companies), pulling in around 30 lakhs INR. Recently, I got a bit curious about what else is out there, so I started poking around. But here's the kicker – every HR rep I chat with says my pay is cool, but they're eyeing up MBA grads from fancy schools for the budget I'm looking out for. Thing is, I know my stuff. I've snagged awards, jumped up the ladder faster. But now I'm starting to sweat about whether my lack of an MBA is gonna bite me in the rear down the line. Plus, with all the chatter about layoffs, I'm low-key freaking about whether my gig here is as solid as I thought. Any advice on how to navigate this maze? Should I bite the bullet and go for that MBA, or stick to my guns and trust that my track record speaks for itself? Appreciate any wisdom y'all can drop!