"You can tell the witches by their propensity to gather with one another - which is proof indeed they are witches, and must be burned, lest they infect the rest of us good people!"
My. God. Man.
The amount of misunderstanding, arbitrarily 'made up stuff' and naive speculation on this thread ... it's just ridiculous.
It's kind of general professional designation, and valuable education for those with no business background (though likely not useful unless from one of the better schools). I'll gather that more than 1/2 of them come from hard professional backgrounds (i.e. CFA, Finance, Eng, Science, Econ) and that they may not be directly oriented towards a specific 'role or trade' frankly is not that important.
Almost everything that has been specifically said in this thread is a bit ridiculous (almost comical), and a lot of it kind of petty as well.
"Those sneaky manipulators!"
"Their priorities are this or that!"
And really, really weird the amount of hyperbole here.
I'm going to guess that maybe you don't really know MBA is (that's ok, it's not an insult, most people don't), and because you don't speak the language of finance, macro/micro economics, marketing, you may be inclined to assume that those things 'are not irrelevant', which is and oddly peculiar form of ironic glibness.
It's a generalist designation.
Some of them are good, some are not.
It's not that big of a deal, and it's not at all like what some people are implying here.