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Good news. These programs are cash cows and the vast majority who apply for MBA do it for the wrong reasons (networking and a big name school on their resume). There are lots of MBAs from elite schools in my company and the gap is huge. Some are great but some are completely useless. Anyone can have an MBA from an elite school. You just need the money and be willing to spend it on a degree. (sorry MBA graduates, I know you gonna downvote this comment :))

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>Anyone can have an MBA from an elite school. You just need the money and be willing to spend it on a degree.

This is not true at all. Regardless of the value of the degree/experience, elite MBA programs are still difficult to get into and have low acceptance rates.

Yes, saying "everyone can get into" is an exaggeration. However, low acceptance rate doesn't mean much given the pool of candidates who compete to get in is limited to people who are able and willing to spend $100K on an MBA.

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