Although I do have an electronic engineering degree, and I am sure it opened a few doors at the beginning of my career, I learned very little of any practical use during my time at university. Indeed, in some cases I knew more than the lecturers, many of whom were of the "those who can't, teach" variety, and then most weren't exactly very good at teaching either.
Spending more days than strictly necessary in freezing cold garages in the middle of winter with soldering irons meant there was little left to teach me, in a practical sense. The only useful course I did was one on Pascal which formally taught pointers and data structures. Indeed, I think that the use of data structures is sometimes a way to separate a self-taught programmer from a formally taught person. Not always, but sometimes. True, there was a bit of maths that occasionally has proved useful, but mostly because it showed just another way of doing what I'd already done at A level (national UK exams for 18 yo's).
I could easily have completed my degree without ever having picked up a soldering iron or used an oscilloscope, and indeed I'd say most of my peer group were in that camp.
That was 30 years ago. More recently in the UK, everyone and their dog has a degree, it seems to be a rite of passage nowadays. My concern with graduates in the UK these days is that as well as being two-a-penny, some think that the world owes them a living, and their magic piece of paper is a passport to that. I had one new grad working for me who refused to send a fax as he felt they should have someone do it for them. (When he did finally do it, he sent the same fax half a dozen times, customer phones up say all they were receiving was blank paper each time, it didn't dawn upon him he'd put it in the ADF the wrong way round). Needless to say, we fell out.
I'd far rather have someone who's keen with demonstrable real world practical skills, is honest and reliable, communicates reasonably well, doesn't bullshit, knows how to use a shower and can be put in front of a customer. Sometimes there is a correlation between that bit of magic paper and my preferences, but not always. Of the hundreds of projects I've been on, I have only ever once had to provide a CV as a consultant on a project when working through someone else, to this day I have no idea why.