Placement

Though an MBA degree may not impart much practical experience, the students receive a lot of training in preparing Powerpoint presentations and speaking with the right accent.

While this may not ensure long term business success (as indicated by the collapse of the investment banks in USA ), these skills are valued in professions which lay a lot of emphasis on superficial aspects. The investment banks were major recruiters of MBAs as they had to create a favorable impression on their wealthy clients, so that they would invest their millions in the financial instruments (and Ponzi schemes)