Understand, this isn't the entire lot. I've also hired some good ones.
And no, the degrees aren't meaningless because you can't even get in the door in most companies without one. It's a requirement. MBAs are truly valuable in the right context.
Mostly, you can tell a lot about a kid's upbringing. People just don't raise their kids anymore. Too many kids are ignored or "befriended" by their parents, and they have excuses made for them at every turn. It's the participation ribbon effect.
But there are still good ones out there coming out of college. Just have to look harder and screen them better.
Funny, but after all these years, a proper handshake and intent look in the eye is still very telling. I can't tell you how many dead fish handshakes are out there.
MBAs are not valued. Not statistically or financially as compared to past generations.
They largely qualify a person to enter a mgmt in training type program that pays for crap.
My niece and sister both have MBAs(Tech and TAMU).
MBAs with good experience often can soar but it is based upon factors long after college.
Places requiring an MBA in the door or the ones who have to hire 100 guys to find 10 good ones. It is is a stupid policy.
They'd be far better off recruiting talent for the specific field with marginal education but great work experience.
All that said elite business schools do very well. But elite anything does well.
My BA is in English with a double minor in History/Philosophy. My initial aim was Law School but then I met my wife and had kids and being an IT engineer paid too well to leave for school. I've also interviewed a ton of people and mentored a number of college grads.
The degree'd ones are slightly better on average but often cost more and have less potential for growth.
Only 15% of CEO's are MBAs alone. Engineering degrees come in first with 25%. Law degrees represent 11%.
The numbers are somewhat misleading because there are simply so many more MBAs handed out.
Back in 2000 MBA was what was advised as opposed to the pointless general BA but nowadays the general BA degree is doing just as well if not better.
MBA are a dime a dozen.
The average MBA will get out of school after one low level internship and grab a PMI cert for project management.
They can lead meetings and gather requirements and understand process.
They generally provide zero new solutions however.
New solutions are where the actual value is to a company.