Friday's Headlines: Business Majors Pay More Tuition and Top Schools Might Not Pay Off
Business school degree buyers beware: Undergrad business majors are picking up the tab when universities face budget cuts, according to BusinessWeek. Of the 74 public universities that launched differential tuition programs through 2008, 52 applied to undergrad business programs, a mov schools justify because the major is in high demand, graduates have a high earning potential, and recruiting top faculty is often expensive.
This only adds to the pressure to students to scrutinize the cost-benefits of their degrees. InvestmentNews just published a fascinating look at lifetime earnings for various educations and found that a plumber will make nearly as much as a physician who attended top schools.
BofA to Merrill advisers: garden leave and broker protocol don't apply to you.
Wells Fargo on the prowl for wealth management buys. [InvestmentNews]
Talks with regulators progress in NYSE-Deutsche Boerse deal. [Reuters]
Elliott Management pushes its Iron Mountain to become real estate investment trust. [DealBook]
Aussie Macquarie acquires L.A.'s boutique Regal Capital Advisors. [Reuters]
Russia's state Sberbank moves to investment banking with recent Troika Dialog buy. [BusinessWeek]