I never said the degree was a benefit itself! Just that it might satisfy "Most successful people have X"

(Although, here in the UK at least, the quality of degrees genuinely does vary by university in a way that roughly corresponds to their rankings. I know that's an unfashionable observable but I have seen enough degree programs at different universities to know it's likely true unless I happen to have seen an atonishingly unrepresentative sample. Partly this is self fulfilling because lower ranked universities are forced to take less good students and the level of the programme has to be adjusted accordingly, but part of it really is to do with quality of teaching.)

It does vary when I worked at BT, one of our students doing a year out had lectures from one of the people who built the Manchester Baby.

On our team we had a guy from ENA and he was the son of a French diplomat and a British mother - we quickly learnt he did not need any hand holding.