I've been wondering along the same lines, though my situation's a little different. I'm employed full time at a software company, and I'm about 70-80% of the way through my bachelor degree. I've discussed it with a couple of people in the company who are in higher positions than I am, and they've both said that it's good to have it, just for the sake of having it. Managers (or HR) use it as a checkbox - a quick way of filtering out applicants. I was told the following by my manager yesterday: "If I'm looking at you and someone with the same skills, but he has a bachelor degree, I'm going to hire him. He's proven that he can stick with it, and he gets the checkbox ticked."
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