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for academic value, you do get an education, but as a hiring manager i'd prefer to see a masters in an engineering discipline. a thinking professional i can teach the business side, but an mba i can't teach how to think.
where mbas can be valuable is in forging the basis for career-long business relationships. if you impress your fellow students that you are worth having on their team, or trustworthy enough to do business with, and keep in touch with them every 6 months, then you will have a very impressive rolodex down the road.
THAT's why you get an mba. it follows that an mba from a top school is VASTLY more valuable than an mba from a non-top school.
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