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In this world of ours, education is very key and a degree holder is more liable to get job, especially a white collar job. Hardly will you see a company throw out vacancy without attaching the level of qualification an applicant must possess before applying.

I'm not saying an expert self taught computer scientist can get a job but mostly its jobs that doesn't require educational qualifications they get.

For example, it doesn't take any educational qualification for any developer to join steemdevs discord channel and you can land yourself a job there as a developer from project owners not minding your qualifications, So far you are good at what you do there is no limitation.

However, having degree helps in most cases to secure a better opportunity.

Landing a job: the college degree holders, in the beginning of their career.

Keeping a job: depends more on motivation, so both stand a chance. Companies will much more appreciate a self-thaught employee that is really motivated, than the highest degree unmotivated employee. 

Unfortunately, holding the degree is what opens the doors initially, unless you have several years of high profile experience.