Is Business School Turning Into Drunken Debauchery?

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John Byrne, editor-in-chief of C-Change Media, just posted an article on his LinkedIn page that is sure to get the attention of business school students, administrators and prospects.

Byrne pieces together a number of recent articles and events to make the case that MBA programs are becoming more like raves and less relevant as prep for C-suite jobs.

There is "a growing feeling by many that MBA programs have devolved at many top schools into two years of boozy partying, hookups and travel - with a job search thrown in," the article asserts.

Apparently, platinum programs such as Harvard Business School are gaining reps for "decadent, alcohol-infused parties and lavish travel."

Jeffrey Pfeffer, a professor at Stanford University, told BloombergBusinessweek that the MBA experience can be easily summed up as "booze, cars and houses."

Any thoughts on this? Is there a class divide in business school? Have MBA programs disintegrated into a big social scene?