[khetarpal]

As an engineering manager - I'm all for pursuit of knowledge and excellence. I could care less whether a person has a degree as long as he has the subject matter expertise. Multiple well respected engineers in my group don't have a degree.

I think its really a personal choice. You can get a degree and not have to keep justifying your choice, and how good you are even without it. Or, you can be a strong man and choose to ignore the mainstream perception. Either ways, the knowledge and subject matter-expertise is non-negotiable to succeed.