I think all of the answers above hit the nail on the head -- ultimately it is important to research the school, and the requirements at that school. Not all BFAs look alike, not all BAs look alike. Some BFAs require students to take the full general education requirements, some do not. Some BAs have a large number of required courses in the major and many electives a student can take, some do not. If you go on a school's website you should be able to find the online course catalog... usually this is where you can find the specific graduation requirements for a degree at a particular school.
flhope -- "I wish I knew how much weight is placed on whether a young performer has a BFA vs. BA degree!"
This is just my opinion -- but I do not think that casting directors put a lot of weight on whether an auditioning actor's degree is a BA or a BFA (or BM - some schools also offer this degree).
However, when a student has just graduated from college I think they do look at the program the student attended. Having a degree from a school with a reputation for graduating strong performers can help a young performer get an audition appointment. In the end it is the audition that gets you the job -- but having a degree from a particular school can help you get your foot in the door.
Of course, a degree from one of the "top", well known conservatories will help in this regard.... but so can having a degree from the school that the Casting Director went to... or her sister went to... or her mom went to (for example).
When a young performer is first out in the world finding out this kind of information can help him/ her get an idea of where to submit him/ herself.
I teach in a BA Musical Theatre program, and we recently had an alum who has been very successful on Broadway and National Tours come back and do a master class with the students. What he said is that coming out the door performers from top conservatories do seem to have a bit of a leg up -- but ultimately that distinction fades away as a performers begin to make names for themselves in the business. There are successful professional performers from "top" BFA programs, performers who never went to college, performers from BA programs who majored in theatre or musical theatre, performers from BA schools who majored in other areas but kept on studying and performing through college.
