richardhutnik said:
What does it say about MBAs being a useless degree when it is THE degree program that is often used by corporations to select people for management positions? |
It says that they are useless if there are vastly more degrees than jobs available in corporations.
Here is the data:

Now think about the likelihood of careers available in these fields.
Here is an additional list that is more exhaustive:
http://nces.ed.gov/programs/digest/d10/tables/dt10_282.asp?referrer=list
Looking at the list, you find the top 5 types of degrees granted at the bachelors level in comparison to 1980's as follows:
- Transportation & Material Moving - 1,877% (I think this is because colleges barely existed to serve this field in 1980)
- Parks, Recreational Studies and Fitness - 446%
- Legal Studies - 387%
- Gender Studies - 203%
- Communication Technology - 183%
And the worst-growing (the total number of bachelors degrees given since 1980 has increased 50%, so that is the average among all fields):
- Library Science - -80%
- Physical Sciences - -6%
- Education - -6%
- Architecture - 7%
- Engineering - 9%
And growth in terms of raw numbers of degrees given - 1980 vs. 2009:
- Business - 147,000
- Social Sciences & History - 69,000
- Psycology - 53,000
- Journalism & Communications - 49,000
- Visual & Performing Arts - 47,000
What does that tell you? It tells me that the growth of degrees is heavily skewed to specific fields that likely did not grow with the number of degrees given, thus a major issue in terms of job availability vs. available population.
Back from the dead, I'm afraid.







