There seems to be a proliferation of dubious Masters degrees that, although not as fake as this Pakistani diploma mill still seem more like money-making schemes than worthwhile credentials.

I know a number of people who were in high school with me, who, although academically quite average, and lacking Batchelors degrees are getting "fluffy" masters degrees from overseas universities, including MBAs.

It looks like we are moving from the era of grade inflation to the era of degree inflation.