<p>The NY Times story was nearly worthless BS. It focused on some 4th tier school I never even heard of before–Radford??. You know what–most Radford students are not all that great nor do they study much nor do most of them really belong in college with an average SAT of around 1000 or a 20 ACT. It is considered among the worst state U’s in Virginia. Why not focus more at UVa, W&M, James Madison and a few others before you get down to Radford?
Now take any Top 25-50 rated undergrad business program and you will see a much more focused and ultimately successful group. Also NYT mentioned an average business salary of around $60,000 after working some time. What they skipped over were the finance, accting, marketing and a few other majors that actually compromise the vast majority of business majors and the much higher pay they were earning–generally in the top third of the entire list with finance near the top overall. </p>
<p>The biggest problem with most LAC based business programs is the limited recruitment on campus. Of course the top 10 or so get recruited by Wall Street etc. But after that it really drops off. Most Top 50 schools will get 200-400 firms a year coming to recruit. I doubt most LAC based programs for those schools that are not very well known get even 50 firms. I’d want to see their placement data before paying $40,000+. </p>
<p>Also these are not the 60’s or 70’s or even 80’s where companies had training programs and did recruit all majors for their programs. Or the DotCom days where they hired anyone with a pulse and a personality. I’d guess the number of company mgt training programs has declined 90%.</p>