Job Hunting and Business School

After accepting the job offer from Deloitte, I suddenly feel like a mountain has been lifted off my shoulders. I seem to like my classes a lot more and actually put in some effort into my homeworks. I pay a lot more attention in class, now that I don't think about the cover-letters I would be submitting at the end of the day.

All this makes me wonder, did the uncertainty in the job market destroy some of the value of an MBA? I am guessing that learning and gaining knowledge were one of the top reasons why most of us came to business school. The amount of work that is needed for job search and the sheer fear and uncertainty of being jobless are sure to distract us from our endeavor to learn.

Being in an MBA program felt like paying a glorified hiring consultant first, and a graduate school next.

And this makes me wonder... is there a better way to structure an MBA program? Or is this exactly how it is designed to be?