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Knowing how to party and to play golf is important when you are going to spend the majority of your career socializing with the aristocrats who have nothing but free time and money.
I suspect MBA’s will get less popular over the next 10-15 years as generalists who just partied for 2 years won’t be valuable to firms anymore
True but over simplistic. For example, in the US, we have not made any major “changes” regarding MBA hiring. But over many years the proportion of non-MBA hires has fallen slowly in favor of experienced professionals, other advanced degrees, and BAs.