I went to a decently-respected, and rather expensive, private college. Lots of wealthy folks sent their kids there (and the high tuition allowed the school to hand out big scholarships to kids like me, who couldn't have afforded it any other way). One of my friends was the son of an executive, worth more money than I or any ten people I know will ever be; once he was visiting his son, and being introduced to his friends. Anyway, at one point he said something that stuck with me, and given the mix of people he was talking to I'm pretty sure he wasn't just trying to make the liberal-arts folks feel better about themselves:

The thing about business degrees is this: I can hire someone who studied history or literature or whatever, and in six months teach them what they need to know about business. But if I hire someone who got a business degree, I can spend all the time in the world and never be able to teach them how to think.