Indeed, I felt this point had already been covered/established; that MBA's are for business in practice and that they are increasingly less valuable as the supply has exploded while the quality of them has degraded. I was expanding the conversation to include a point about their utility being further reduced by the issuing authority also not placing a high value on their own degrees. Then I speculated on why the universities would do this and I posited a financial incentive, particularly in all these new programs in non-ivy league and non-endowment based universities.

Honestly, it could be a stretch, I think there is some case for the universities issuing these coursework masters MBAs as a case of arbitrage. They found a worthless product to sell which has a high cost and demand. The additional institutional cost is very limited as they simply hire a few more adjunct professors and use already build/under utilized classrooms to run the courses. All they have to do is stamp their seal of approval on a degree document, pay something like $1,000 per student for space and teaching, then collect $20-30,000. The universities found a way to print some extra money; even if the jig is up on something like an MBA, other coursework based masters programs will continue to rake in the money.