> And the value of a credential is to permit job hopping. People who work their way up in a company don't need a credential to prove their worth.
Many large companies prefer to promote from within, and require an MBA for promotion above a certain level. Many encourage their employees to get MBAs and help them pay for it, often with a commitment from the employee to remain at the company for some time after finishing the degree.
I suspect that's even worse. Requiring everybody to get 2 years worth of education is a lot, especially when it's same degree fresh-faced 25-year-olds get so they can join the ranks of management. A well-run company could look at an individual and say, "You should really improve your knowledge of X, go take this course." But requiring external validation of something they can evaluate internally is a sign of poor HR processes and poor personnel management.
Many large companies prefer to promote from within, and require an MBA for promotion above a certain level. Many encourage their employees to get MBAs and help them pay for it, often with a commitment from the employee to remain at the company for some time after finishing the degree.