Frankly, any degree or educational qualification is nothing more
than a statement that you met the requisite standards for the
award. So, it does help, say open doors but whether you make it at
the workplace or in life is not dependent on a degree. Many of the
world's richest and most successful, do not have very high
qualifications. If that is the case, we can churn up successful
people by making them go thru universities!
To me, a qualification does indicate that you make the effort (or
struggle) to learn (whether by rote or otherwise), and you met the
examiners' standard. But for many, they think that when they
obtained the degree, the world owes them a job, or certain salary,
etc.! That is the old school of thought. With globalisation, it is
talent and ability beyond mere possession of qualification. Who
really cares what you studied or where you studied if you can prove
beyond doubt that you can do the job. This should be the mindset of
employers but unfortunately, we are still stuck with the civil
service mentality - scholar mindset of linking qualification with
performance.
