The value of the US MBA has declined significantly over the past 15 years, with graduates from top schools such as Wharton ...

It is a stunning admission from one of Wharton’s most successful alums. When Winters graduated from the school in 1988, the MBA program was ranked fourth best in Businessweek’s first MBA ranking.

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I got an MBA later, but that was a waste of time," Winters said of his own education. A representative for Standard Chartered said the firm had no further comments on Winters' remarks.

Wharton didn't respond to a request for comment from Business Insider. Winters graduated from Colgate University in 1983 with an international relations degree.

With AI taking over more routine business and tech tasks, experts say the value of a liberal arts degree is set to rise.

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