The future of MBA education

The Financial Times talks about the apparent soul searching currently going on at Business Schools.

Personally, I subscribe to the opinion of the Richard Cosier who is the Dean of the Krannert School at Purdue who is quoted as saying:

Saying schools should not teach complex financial models is erroneous, he says. “That’s like saying you can’t teach chemistry because you can make things explode . . . People make their own decisions.”