While it may have 'specialisations', nothing at the undergrad level truly goes deep enough to be considered a specialisation.
Quite agree.
Not to mention employers don't really look at what modules you took and such. From the employer's perspective(which is what OP is asking), your specialisations don't really mean as much as your class of honours.
Most of the time true, I think.
All business degrees are general degrees. Even NBS specialisation is only 6-7 modules in that area.
Don't really agree. I think we may have some differences in our definitions of 'specialisation'.
For the NBS specialisations, I based my disagreement on the Actuarial Science track.
While I heard many from the Actuarial Science track did not gain full exemptions for the CT modules from the Actuarial Profession, the trainining from the 7 or more modules are deemed sufficient to qualify for the full exemptions, subjected to a certain marks being obtained. And Actuarial Science is a specialised trade.
Of course, one may argue that many graduates from non-cognate disciplines such as Engineering, Computer Science, Physics or Mathematics took the Actuarial Profession exams and went into the same trade. That, I agree. And I also agree that it is usually difficult for graduates from Business to switch to the abovementioned disciplines, or even allied disciplines like Economics. But to say the Business graduates from Actuarial Science specialisation are not specialised for its industry, I disagree. At the minimum, the industry recognises that.
That said, I was surprised that Actuarial Science was read under a Business degree programme in Singapore. I was under the impression that mainly mathematics and statistics courses, and only few Business-related courses, would be included.
TS mentioned Marketing, which is something specialised but often seen not as difficult in acquiring the knowledge. Hence, it doesn't seem to add much value to the graduates. Simply put, it is good to have one with Marketing qualification for marketing positions, but it's not necessary. Moreover, the professional societies for Marketing, internationally or locally, don't seem strong in campaigning for its field.
That's like saying if I take a minor(5 modules) in computer science, I am now specialised in comp science.
That's not really a good comparison, I feel. To sufficiently cover the required body of knowledge in Computer Science, it would usually need to include many courses in the commonly seen degree programme structures. Furthermore, Computer Science is not a cognate discipline to Business, while Marketing can be considered part of Business (or sometimes, Management).
TS mentioned Finance. I go along with you on this, as Finance, I think, emcompasses quite a lot of things. Many programmes will include mainly Business Finance or Personal Finance with some accounting courses to call the programmes a Finance major or specialisation, which may have its roots somewhere but I personally just don't really agree. Even as specialisations, Business Finance or Personal Finance, like Marketing, may add little value as an Accountant could do almost the same job.
My point is, again, while I do agree that many business degree programmes are indeed general in content, but I would take a further look into the syllabuses offered in the degree programmes before classifying them as general business degree programmes.