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In fact, a university degree may not be enough to get a job, so it is necessary to acquire skills as well. According to my country, people with work experience are preferred over university degrees. However, university degrees are evaluated in some job fields, but those positions are very limited. And experience is preferred in company jobs. Those who gain experience in any work do not have to be unemployed, but those who get a degree sit unemployed if they don't get a job. And despite having a university degree in our country, it is difficult to get any government job without bribery.
That is from your own point of view, their is know point for discrimination between degree and skills both are very important stage one needs to acquire because they help in gaining financial stability among people. Some people doing well now are people without skills but educational qualification while some also are not academically balanced but have skills that transformed their life for good, so inconclusively both are important level one needs to attain so as to put you ahead of your pairs.
It varies from country to country.As we belong to developing country, most people here focus on obtaining high degrees. They often spend lot of amount on getting higher degrees. In developing countries, having the higher degrees increase the chance of getting higher jobs. Because here many people are still unaware of importance of practical skills.
Whereas the developed countries emphasize both on degrees and skill equally. They usually train the student at university level , so by the time they graduate, they already have the skills. When they enter in the market they play better role as compare to us.
Personally I believe that both degrees and skills are important for the career success