Now we know why London is home to so many high-flying Australians.
A survey of Australian bosses has found that having an MBA means little when it comes to getting a job.
According to the survey by The Executive Connection, a mere five per cent of employers placed any value on the degree when recruiting and fewer than a quarter even felt that an MBA was "advantageous".
More than half (54 per cent) said candidates with an MBA did not stand out from the rest of the pack, and 18 per cent said it was not valued at all.