I recently got to sit down with a partner at a major MM IB firm (think, ) who was a history major in college and we worked our way to the question of what value humanities degrees hold in the marketplace today. He thought they're highly underrated, because unlike most quantitative degrees (engineering and CS aside), the humanities teach problem-solving and understanding of entire systems of argument while many econ/math majors come out and have to learn how individual pieces and parts work together to form the whole. This is good at the analyst level, but advancement beyond that requires a level of understanding that most analysts don't have at the start.
He also pointed out that many of his fellow partners don't necessarily agree and usually just want to hire the econ/math/CS majors because they can learn to model the fastest, and thus hit the ground running before the humanities kids can.
So what's your take--do the humanities have a place in investment banking, or have they been fully superseded by more quantitative fields? And if not, what should a humanities major do to make themselves more appealing?