This article (via Manan Shukla) gives a thumbs down answer to that question. We are graduating more MBA's in a period in which they are in lower demand. Consequently, salaries are lower for new graduates and some have difficulty getting a job. Most MBA programs are designed to prepare graduates for middle level management jobs in large corporations. Only a few of these programs prepare graduates to be an entrepreneur, or to work well in a start-up.
The top five MBA programs attract a lot of recruiters, and most of their graduates will get a good return on their investment. Most of the second tier MBA programs don't attract recruiters and they may not be as good of an investment as they were many years ago.
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