Covering the business of education and training

It seems that American fopros are not the only schools being attacked for selling degrees, giving an 'education' for profit.

A veteran professor of Concordia University in Canada is attacking Canadian schools as well for - "selling MBAs to generate revenue for their ravenous budgets."

The finance prof suggests 5 ways that Canadian MBAs have been diluted:

1. a dramatic decline into mediocrity because of lax entry requirements

2. worse overall results because of fast-tracking programs - the material cannot be learned in under two years, the prof says.

3. too much emphasis is placed on age and experience

4. there are too many partnerships with U.S. schools to offer two-for-one schools.

5. practically nobody fails when a failure rate of less than 10% is suspect.

So, what about Canadian schools or any school for that matter that wants to churn out students with MBA degrees? A similar phenomenon is happening in China.

There is a general wisdom - if it can be achieved easily and quickly, it must not be worth much.

Is this true of MBAs, too?

what do you think?