Yes, may be there is a perception that there isn't a lot of money for management grads in small cities.
Or perhaps, 'management education' serves as an escape (to the 'good' life) from the very places which direly need management acumen/skills.
Sometime back, I read that the Chinese government deployed a significant number of management grads to work with the farmers in the hinterland.
Jeff Rubin hints farms are where the future of the world lies. I am near the farms. I can choose to work there. :)