Aside from a handful of high profile business schools, the MBA is objectively worthless. And what makes a degree from Stanford, Wharton, or Harvard valuable is not the content of the coursework, but the fact that all the "right" people attend, so you get to rub elbows and exchange business cards with the optimates.
I once attended a w(h)ine-n-cheese gathering of the alumni from my business school and the desparation was palpable. It reminded me of a singles bar in the '70's at 3AM on a Sunday morning. The room was filled with people who were all at some level aware that they had just wasted two or three years of their lives and an equivalent tens of thousands of dollars, yet they hoped to be discovered like starlets at the soda fountain. Pathetic.
If ever you feel tempted to purchase an indulgence, or enroll in an MBA program, drop me a line and let me dissuade you. Your money would be better spent in day-trading or as seed capital to set up your own business. Or if you want to really improve your chances in the business world, spend the money on golf lessons and get yourself a membership in a toney country club.
My degree was a double major in management and information systems. At this point, I am so disgusted with the job hunt that I am researching the possibility of going into business for myself . . . as a tailor and costumer.
I've been doing MIS-related work for six years now. I'm currently in the process of trying to transfer to our company's woodshop. Might actually learn some skills that produce something to hold and be proud of. Working with digital-virtual-whatever is too abstract and endlessly frustrating for this brain. A serious pay cut would be in the works, but at this point I don't care. Life's too short to spend it reacting to the latest, greatest releases from every software vendor on God's green earth.