I'm a business major in a top 10 undergrad b-school now and they still don't teach networking unfortunately.
They just throw networking and recruiting info sessions DAILY, but they don't teach you how to network. They don't teach you how to explore your passions and interests, research companies working on those kinds of problems, and how to approach them for internships, jobs, etc.
Business schools succeed when they send a lot of students to corporations, so that these corporations come back and sponsor programs and stuff for the B-School. If you're interested in other jobs besides corporations, you have to find them yourself!
Sounds like they're teaching it "trial by fire." My undergrad and grad EE days: 12-hour workdays (nights?) in a dungeon-like room.
I often say to mentored students: engineering is 80% banging your head against a wall, 10% cursing, and 10% progress. It's a long, hard slog to become an expert. Daily networking events sounds like that to me (and frankly, even more unpleasant!)
I take it you've never been to business school. Sometimes it felt like they taught nothing but.