From the Wall Street Journal (link)--excerpt:
Undergraduate business majors are a dime a dozen on many college campuses. But according to some, they may be worth even less.
More than 20% of U.S. undergraduates are business majors, nearly double the next most common major, social sciences and history.
The proportion has held relatively steady for the past 30 years, but 
now faculty members, school administrators and corporate recruiters are 
questioning the value of a business degree at the undergraduate level.
The biggest complaint: The undergraduate degrees focus too much on 
the nuts and bolts of finance and accounting and don't develop enough 
critical thinking and problem-solving skills through long essays, 
in-class debates and other hallmarks of liberal-arts courses.
Companies say they need flexible thinkers with innovative ideas and a
 broad knowledge base derived from exposure to multiple disciplines. And
 while most recruiters don't outright avoid business majors, companies 
in consulting, technology and even finance say they're looking for 
candidates with a broader academic background.
 
