Do b schools have any standards for admission?

I cannot even begin to fathom how some post MBA associates have made it this far in life. Some of them have the most mediocre or nonexistent backgrounds that I don’t understand how an adcom gave them the green light. 
 

obviously the brightest mba grads are sponsored or headed to PE but wtf is the point of mba programs when the other 500 students are retarded and why the fuck do they have to end up here

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