Wealth or Waste? Rethinking the Value of a Business Major

Apr 18, 2012

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.

Read the rest of the article from the Wall Street Journal.