In my office of 9 people (A small self contained unit inside a larger company) only two have degrees, the boss and a sub-contractor programmer. Everyone else was hired purely on ability, between us we do everything from IT support, software development, electronic repair and design. The line up :-
Dave the overall boss, Engineering degree, ran his own business for a while.
Mick Engineering manager, was a bus driver then moved into software development, now mixes that with managing.
Mark Project manager and database management/programming not sure of his history but has recently done an OU degree for his own amusement.
Shami, has a Degree, contract programmer.
Tony the hippy, programmer, came from the games industry originally.
Simon, programmer, customer support and some PCB and electronics design.
Rama, original one of our field techs but now IT support.
Adam, worked his way up through the ranks of a high street phone shop to area manager, now does Web development.
Me, Repair, fault investigation, PCB design, Electronic design and some programming.