All I see in this thread are people with chips on their shoulders and the misapprehension that a "career" is somehow important.
Err, how about the people who enjoy study, do it because it's fun and a personal challenge? Why does a degree have to be regarded as an open and shut experience? Why did we let Universities become corporate training institutions? They're supposed to be about people sharing ideas within frameworks that encourage openness. Ban MBAs and watch the calibre of universities go up.
The "University of life" thing is utter bullshit. The "University of life" is often used as an excuse for parochial ignorance, while anyone who claims that their university education makes them better than anyone else deserves to go to heaven when they die and be confined to socialising with CEOs.
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