I worked at a company that regularly hired recent MBA graduates, and maybe it was just the school, but I saw little value added to these kids. They got manager type tasks, but showed no skills related to management. Their life experience was so limited that I had to explain it to them that you have to schedule people far ahead of time in order to give them time to schedule their lives, and that you had to schedule them like humans because ... they can't work for 24 straight hours because it would take 5 minutes more to look at the spreadsheet and figure out a more optimal schedule.
Beyond internal stuff, even communicating with customer's took hand holding and teaching basic life lessons.
I often questioned how the candidates I worked with ever got into an MBA program (I'm guessing it was just open). I wouldn't trust some of them to work at a menial job without a great deal of supervision, let alone make decisions for a business / other people.
IMO an MBA just doesn't make sense without significant / proven business life experience for most people.
It really was the FedEx commercial IRL https://www.youtube.com/watch?v=NcoDV0dhWPA
Obviously there are people with MBAs with FAR more skills, but with other folks like I experienced I wonder if it has watered down the market for MBAs.