More than 20 percent of undergraduates in the U.S. are business majors. That's almost double social sciences and history, the next most common majors, according to the Wall Street Journal.
School administrators and corporate recruiters are reassessing the worth of a business degree at an undergraduate level. The curriculum for undergraduate business degrees doesn't focus enough on problem solving and critical thinking, but instead focuses too much on the mechanics of accounting and finances, according to the article.
The difference between what for liberal-arts and what is taught for business degrees has hurt business students, William Sullivan, co-author of "Re-thinking Undergraduate Business Education: Liberal Learning for the Profession," told the Wall Street Journal.
"Firms are looking for talent. They're not looking for content knowledge per se," Scott Rostan, founder of Training the Street Inc., which provides training courses for new hires at a variety of investment banks, told the Wall Street Journal. "They're not hiring someone just because they took an M&A class."
In the coming fall, the University of Denver's Daniels College of Business will have a required course for first-year students on how to view business issues in a global framework, according to the article.