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.