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I have an undergrad business degree, and a lot of the criticism in the piece is fair. Most of what you learn is common sense. There's a reason there are plenty of people in history that have been able to build multimillion dollar businesses without very little formal schooling, it's simply not as difficult as engineering or chemistry.

I was a marketing major, and really there is no value in the credential past an undegraduate level. The journals that professors publish in have no relevance to people working in the field, and are borderline gibberish. To have a masters or PhD in marketing is entirely useless unless you want to become an academic.

There's also a lot of make work in the business school. I studied political science as my minor and found the papers had a lot less "work" from a volume point of view, but I learnt a lot more and was challenged to think a lot.