Is music theory only beneficial to musicians?
No. Many studies have concluded that those who study music and the arts excel in school, career, and in life. A degree in music is most always a liberal arts degree and therefore does not limit one to just being a musician. There are many career paths one can pursue with a music degree. A person who understands music theory will typically pay close attention to the music they are listening to. Musicians will listen for rhythm, melody, harmony, note juxtaposition, point counterpoint, dynamics, etc… The better someone listens and can understand the nuances in the music they are listening to, the more they can enjoy it.