About 150,000 MBAs graduate each year. Our graduate schools have accommodated demand for the degrees.
It’s
easy to come up with what 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. Schools are a growth industry, after all.
So
we get a happy medium. Lots of students, and graduates. All with
degrees, which in the real world of business and finance, have become
relatively useless.
Except
for their use in a resume. However, we are reaching the stage where
there are simply too many MBAs to attract the attention they formerly
did. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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