Interesting thoughts, folks. I’m pondering this from dual perspectives.
One is that of one prepping the launching pad, so to speak; i.e., the perspective of one wanting to start a career with the Saturn booster strapped to their ass set on 11, as opposed to one contemplating where they might get to after ten or twenty years through alternate routes.
The other is that of different generations. As I said in the OP, when I went to school (1970s), it was get your Bachelors and GO!; very few thought of pursuing post-grad degrees outside of the traditional paths (law and medicine). MBAs started to appear then, and very soon after, many people did start getting Masters’, I think to a large degree to aid them competitively in starting off in a downturn.
Nowadays, we only interview college grads with, or near, a Masters. We’re not likely to bother with a Ph.D. OTOH, when they hired me (~5 years ago), nobody asked me if I’d even gone to college.
But that’s a different thing. They hired me based on industry reputation, and that only comes after some serious time in the trenches, with scalps to show for it. That route is, I believe, still possible, and will remain so.
I did have to satisfy the state board’s educational criteria to get licensed, but they were willing to evaluate my eclectic college curriculum rather than basing licensing solely on degrees recieved.
This makes me think of my father, who, with one year of undergraduate education behind him before he abandoned college as unaffordable, was the business adminstrator for a hospital in the late 1930s. Presently I’d guess you’d need something like a Masters in Public Health to even approach such a position.