I have a BS in Computer Information Systems and just a Red Hat Certification... needless to say I'm the only person on my team (system admin) with anything that pertains to computers. Two of the guys have a degree in photography/graphic design type stuff, another guy in aerospace dynamics, and the rest have nothing. When interviewing people they pretty much laugh when someone comes in and is proud to have all kinds of certs. I have mixed feelings on whether having a degree/cert in the IT field helps because it seems to me all everyone looks at is the number years of experience.