In my experience, the degree has not been a factor at all when it comes to value in industry. I have seen people that didn't have a degree produce more maintainable code in a more productive manner. I also have seen coworkers with bachelors outshine others with masters. I have climbed the corporate ladder at my company and now with my power to influence hires, I rarely take the level of degree in consideration.
Strangely, I have seen the attitude problem with new grads that possess a masters or doctorate. I even had one tell my manager that he had a masters and that meant he shouldn't ever have to do support work, and that he was smarter than my manager. He was a fresh 23 year old grad and eventually left for a larger company because he believed they would appreciate his masters. To add salt to the wound, we found that almost every bit of his code either broke our current projects or just flat out wasn't done correctly because he knew better than everybody so there was no reason for him to ask a senior dev or even a BA any questions about what he was doing.
All that to say, no matter the shop, no matter the degree, business is about money, and we, as coders, produce value which is why our salaries are high. A coder that is seen as valuable will always do better in there career and most of the time his coworkers will see his value and respect him for that.
Strangely, I have seen the attitude problem with new grads that possess a masters or doctorate. I even had one tell my manager that he had a masters and that meant he shouldn't ever have to do support work, and that he was smarter than my manager. He was a fresh 23 year old grad and eventually left for a larger company because he believed they would appreciate his masters. To add salt to the wound, we found that almost every bit of his code either broke our current projects or just flat out wasn't done correctly because he knew better than everybody so there was no reason for him to ask a senior dev or even a BA any questions about what he was doing.
All that to say, no matter the shop, no matter the degree, business is about money, and we, as coders, produce value which is why our salaries are high. A coder that is seen as valuable will always do better in there career and most of the time his coworkers will see his value and respect him for that.