Check. out. those Ed. D. numbers.... whoahhhhh-- is it just me, or is it more than a little bit appalling just how
far into the third quadrant those people were, here??
I was quite amused by business majors as well (figure 2).
It's not surprising when the standardized test for admission is elementary level for math! I once got into a debate with a prof who argued that our whole class was 120+. Business degrees are the biggest money grab since law school.
But, in all seriousness, there's a lot of heterogeneity of talent in the market across schools. The top schools have a quite deep talent pool. My class was mostly engineers, entrepreneurs, economists, mathematicians, bankers, and scientists with graduate degrees. Some of the smartest people I've met have MBAs. But, I'm biased.
He maintains that he could have told the authors that without any fancy data analysis, after living in a Dilbert world for so long. 