[Kristin AGD]

My opinion on the three points...

1 - You learn nothing from an MBA that you couldn't in a 1 week program. Okay. This statement maybe be extreme. But I agree with the sentiment.
2 - Those in the top 10 schools for MBAs earn more money, get better jobs, get promoted faster, learn from better teachers and share experiences with smarter students. Not always, but yes this is the case for the majority of graduates.
3 - Unless you're dying to work for some place that just requires an mba from your local grocery store, then an MBA from a school that isn't top isn't worth it. At that point you should analyze the costs and benefits - why would spending that much money on a worthless program where you learn little and work in a crud job be worth it? NO! Dont' agree at all. Most MBA grads have been in the workforce, and go back for a reason. And having their MBA come from a top 10 school might be great. But a degree from another school is not worthless. In some business sectors this is the difference between a job that pays $50k and one that pays $100k. I realize this is not huge money. But I think the investment in the MBA would be worth it for these individuals. Also it depends on locality. SMU is not a top 10 school. But in Dallas, SMU is the equivalent to any top 10 school when it comes to networking and prestige. If I planned to stay in this area, that would be my top choice.