I suspect this has a lot to do with Nepotism still "You can't just hire your friend's son for that job, it needs credentials" "Oh it's fine, he has his MBA"

I suspect this has a lot to do with Nepotism still "You can't just hire your friend's son for that job, it needs credentials" "Oh it's fine, he has his MBA" Where MBA is a relatively easy degree to get that even a pretty average person can coast through