Business schools aren't, of course, primarily responsible for the implosion of global finance: On the list of culprits, they rank well below the bursting real-estate bubble, skyrocketing bank leverage, and the decline of regulatory oversight. Full Story »
Posted by Derek Hawkins
They quote Andrew Lahde, who seems to have had it right, but then turn around and swim away from the truth at full speed.
As a statistician with an MBA, I am torn. Most holders of MBAs only understand as much about probability and statistics as they are forced to learn in order to graduate. Preppies with influence, attitude, and ignorance rise to the top and go for short term profits while ignoring critiques of quantitative analysis. An MBA is an over-glorified degree in common sense, and some graduates do not even get that.
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