Thanks for your comments Carl. You’re right — a degree or experience is needed to get the foot in the door.
I would argue that a whole lot of time and money is saved by going doing the “experience” route.
It may well have been that your initial entry job required a degree but, more so these days (in the UK at least), firms are opening up their doors to school-leavers and these programmes are growing in size. I would also argue that — even when you entered the job market — there would have been other ways of getting in, that might have been a little outside of the box.
Nina and Raghav’s examples (in the article) both benefited from the internet’s power, but I would argue that — even at that time when you were entering the job market — there would have been ways to develop the skills and get an interview/conversation with someone at the firm, thus circumventing the application process. I’m not saying it would have been easy at that time, but certainly possible. Today, with the internet, you can easily seek out the relevant manager(s) in the firm and tangibly demonstrate your value / fit for the job. Isaac Morehouse and Praxis talk a lot about this.
A degree does have some benefits, but I question the time and monetary investment — especially in the world we now live in.