The push for more higher education has led to an excess of business degrees

#1

Post by clp16 » Fri, Dec 31, 2010, 3:20 PM UTC

Was the explosive growth of business degrees what was envisioned when "everyone gets a college education?" It's not that degrees are useless, but that there are too many of them, while the growth rates of many other degrees fields have stayed more or less stagnant. Shouldn't a push for higher education aim to lift all ships?

The push for more higher education has led to an excess of business degrees
nces.ed.gov

Re: The push for more higher education has led to an excess of business degrees

#2

Post by clp16 » Fri, Dec 31, 2010, 7:27 PM UTC

So much for encouraging people to get college degrees. If they all end up getting the same degree and flooding the market, what was the point? I hoped that the growth would be spread out between many fields, but everyone just piling in and getting business degrees doesn't help.

Re: The push for more higher education has led to an excess of business degrees

#3

Post by tdfx » Fri, Dec 31, 2010, 10:13 PM UTC

Those are some pretty strange groupings. I suppose they're counting Economics and Finance degrees as business? I'm also pretty surprised about the amount of social sciences/history degrees that are being pursued. What exactly were these people planning to do? Certainly explains the law school problem.

Re: The push for more higher education has led to an excess of business degrees

#4

Post by clp16 » Sat, Jan 01, 2011, 1:22 AM UTC

tdfx wrote: post #3

Those are some pretty strange groupings. I suppose they're counting Economics and Finance degrees as business? I'm also pretty surprised about the amount of social sciences/history degrees that are being pursued. What exactly were these people planning to do? Certainly explains the law school problem.

What's the law school problem? I'm not familiar with it. This link breaks the groupings down into more distinct pieces: http://nces.ed.gov/programs/digest/d09/tables/dt09_271.asp

Re: The push for more higher education has led to an excess of business degrees

#5

Post by whathappenedto » Sat, Jan 01, 2011, 4:38 AM UTC

Is there newer data? The latest data is 2007-2008 and now we're in academic year 2010-2010. A lot has changed in 3 years.

Re: The push for more higher education has led to an excess of business degrees

#6

Post by clp16 » Sat, Jan 01, 2011, 5:19 AM UTC

whathappenedto wrote: post #5

Is there newer data? The latest data is 2007-2008 and now we're in academic year 2010-2010. A lot has changed in 3 years.

http://nces.ed.gov/programs/digest/ is the original report where the numbers were compiled. It seems like 2009 was the last report and that 2007-2008 academic year is the latest data available that the report used when dealing with degrees conferred.

Re: The push for more higher education has led to an excess of business degrees

#7

Post by tdfx » Mon, Jan 03, 2011, 10:37 PM UTC

clp16 wrote: post #4

tdfx wrote: post #3

Those are some pretty strange groupings. I suppose they're counting Economics and Finance degrees as business? I'm also pretty surprised about the amount of social sciences/history degrees that are being pursued. What exactly were these people planning to do? Certainly explains the law school problem.

What's the law school problem? I'm not familiar with it. This link breaks the groupings down into more distinct pieces: http://nces.ed.gov/programs/digest/d09/tables/dt09_271.asp

The "law school problem" is that there's too many law students and not enough jobs. People are increasingly using law school as their "I don't know what to do with my life" card, whereas those people used to just get a business administration degree and trip into some element of the corporate ladder after undergraduate studies.

The "problem" is that they're incurring another $80k of debt for another degree that doesn't make them particularly useful to anyone.