In the parlance of signaling theory these [MBA] transcripts are known as screening devices. One personnel manager (of a financial services company) explained this to me candidly: “I have no doubt that economics courses, MBAs, etc. teach nothing I need my employees to know. If anything I need to reprogram them on the job. The courses they have taken encourage bad thinking.” “But then,” I asked, “why do you prefer to hire college graduates?” “Because,” he answered matter of factly, “if these kids were willing (and able) to pay large sums of money in fees; if they submitted boring assignment after boring assignment without fail, and did not complain vigorously in the process; then there is a good chance that they are the kind of people who will appeal to my customers and do as they are told.”
[1] https://www.yanisvaroufakis.eu/wp-content/uploads/2017/02/ag...