The MS in MGT degree was renamed MBA. So we did have the degree...
Would a Latin major pick on a dance major? Could a history major tell an international affairs major that s/he was choosing the easy road?
Pick the major you want to study, and please pay no mind to people who think there is some pecking order of majors. Do what is right for you, and hope that those who must step on others to make themselves feel good (and justify why they are staying in a major they don't like) grow up at some point.
If someone picks on your major, just smile, say, "It was so nice to meet you." and walk away, knowing that person isn't someone you want to spend much time with. They just made your job of sorting out who your friends will be much easier.