From PZ Myers:
The Chronicle has a challenging proposition: Business Schools Have No Business in the University. The author makes a good case, and I agree with him. Business schools are incoherent, have no consistent curriculum, and I suspect that even most of their graduates would agree that the skills to succeed in business are ones you learn in real world practice. The sole reasons they exist are to give rich people a certificate of intellectual accomplishment — a kind of Wizard of Oz game — and to give them a place to send their kids that aren’t too challenging and give them the pretense that they’re fit to step into Mom or Dad’s shoes. There’s no better example of this function than our president.
Unable to truly create a profession of business, business schools more often function as finishing schools for the new junior executive. The finishing-school role that business schools have always played can be summarized this way: Donald J. Trump went to Wharton.