This question can't be answered in general. However, what you can conclude in general is that capitalism has ruined universities. They have become a degree printing subsystem within the whole corrupt system that we live in. In most universities, the standards are lowered to retain and pass the largest amount of students possible. This is especially true of private universities. To make matters worse, the same kind of degree between two universities is often incomparable. One university is very difficult and will produce a good workforce, the other will produce quacks who don't know anything and are lazy. Additionally, there are many degrees and programs that are useless and should not exist at all.
If you study something productive, useful or difficult then the degree is worth it. If you study something subjective and useless, it is not worth anything.
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Having a degree is very important because it shows that one has gone through a perpetual learning under a specific discipline and this is what could be used to identify the specialization of each profession, additionally, we also needed to improve on the aspect of learning skills to help back up our experience both theoretical and practical aspects in other to be able to deliver to the society.
It does not show shit. Most universities are very easy these days, and most people that pass and get a degree are terrible and undisciplined workers.