<p>The answer is complicated. There is no cut off, prestige is a complicated thing and depending upon the region and field some degrees carry more of it than others, in ways the man or woman on the street would not expect. But prestige is of value. It’s true that within a company it matters little, but few people stay with a single company for their whole careers and headhunters are impressed by impressive acadmic credentials because they think employers will be. And sadly many employers are too.</p>