I think it’s more useful to know how a business operates, and to learn about financing, accounting, a little management, and marketing and some business law. You learn so much more with a business degree. Engineering is one part of business, and a very important part. But it’s an increasingly frustrating field to be in these days. They want you to do the work of 10 engineers or your butt will be outsourced and it’s not very rewarding any more.

With a business degree i am hoping for a safer job, and to learn enough about business to open my own some day.

Business schools are often very competitive though, and you need to maintain good grades. An MBA would be ideal, and this is even MORE competitive. But if you’re smart enough and work at it, I think it’s a good field for a “jack of all trades”. Sure you’ll need to be good with numbers, but you won’t need Calculus 3. You will need to be well-rounded with common sense and the coursework will provide the additional formal training you’ll need.