About 20 years back, having a graduation degree was a hallmark of excellence in academia. A graduate had a specialized knowledge and it was fairly easy to land up on a high paying job. As a matter of fact, it was quite common to first start on with the job and learn about the role subsequently in those days.
Believe it or not, few months bank i got to know about an individual who has a masters degree and working as a janitor. When he was awarded with the degree, his ambitions had no limits.