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Tldr; it's all bullshit
So software engineer here. I went back to school in my 40s and got my Executive MBA and graduated in 2024. I knew nothing about how businesses truly worked going in. I learned the basics for accounting, finance, marketing, strategy, entrepreneurship, org behavior, and more.
I'm glad I did it, I learned a lot, but overall it's like the sample platter of topics. I know enough to mostly understand the specialists when they speak, but I'm no expert in any of the topics above. I know enough to be dangerous if I was left to my own devices on any of the topics.
Let me save you all a lot of money. An MBA teaches you to view all business decisions through a finance lense. For non business people reading this, Finance projects forward in time, Accounting looks backward in time. The goal of a business is to maximize profit. You can maximize profit by increasing revenue and/or decreasing costs. If you list our all possible business projects, you pick a collection of projects you believe will maximize profit OVER TIME. Aka the time-value of money.
Now an executive MBA is basically the same as any other MBA program, but it's for people with over a decade in professional experience. I could easily see someone with less real world experience falling into Dunning Kruger. What business people fuck up is their assumptions on their "business opportunities" models. In other words, they don't account for some factor, grossly misunderstand a factor's influence, or don't give two shits because the timeline of a project will extend beyond their tenure. That last point is especially important to understand because on paper the finance might look great, but they won't be at the firm by the time the accounting of a project fully wraps up.
So yeah, the system is ripe for exploitation and bullshit. An incompetent business leader can make decisions that maximize short term wins, and split to another company before the long term losses land.