About 150,000 MBAs graduate each year. As is the case with other aspects of education, our colleges, particularly graduate schools, have accommodated demand by manufacturing such degrees.
It’s easy to come up with what the Ivory Tower of Academe suggests a business executive or financial expert ought to know. At the same time, the educator must be certain not to make the course too difficult or classes will not be filled. The schools are a growth industry, after all.
So we get a happy medium. Lots of students, loads of graduates. All with degrees, which in the real world of business and finance, have been dumbed down and have become relatively useless.
Except for their use in a resume. And these days, we are reaching the stage where there are simply too many MBAs to attract the attention they formerly did.
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