MBA degrees

I used to work at London Business School.
This consistently scored in the top 10 worldwide and top in Europe, but was very expensive - about £35000. Students were typically 50% American, 25% British, and 25% other. Typically they were on high 5 or low 6 figure salaries before they even started the MBA and expected to walk into £250k+ jobs after graduation. I cannot imagine that many of them had earned this kind of money on talent and merit.

A higher than average proportion of the MBA students I dealt with coupled staggering idiocy and ignorance with outstanding arrogance. A decade ago this didn't matter as an MBA was a magic ticket to fat-cat status. But as MBAs became more common and you could get them anywhere and this kind of attitude made the worst of them quite difficult people to place in employment after they graduated.

A friend of mine did a course at LBS for a term, it was one a module for the MBA and all the other participants except for himself where on the MBA. His impression was that the course content (at least the one he did) was crap but the entire point of the it seemed to be the schmoozing. The point to him seemed to be not what you learned but the people you could get to meet.