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> I think degrees are remaining a requirement because a hiring manager and recruiter at a large company are risk averse.

My take is more judgmental:

Our current hazing rituals persist because people can't imagine how it could be otherwise.



I agree completely. We just can't imagine doing things differently.

Fun anecdote: when I was 16 (with a couple years of experience as a developer) I was working for a company on some PHP codebase and they hired someone with a master's degree in computer science to work on it with me.

10 minutes after the first meeting he set his Skype status to "HELP: can anyone teach me PHP programming"




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