I do know that for me, the fact that I had a Bachelor's Degree meant that I started out at a little higher pay when I started my current job, and also, two of the promotions that I've received since I've been with the company required a Bachelors Degree in addition to experience. What actually got me in the door though was the fact that I also have a Vocational School Certificate for Office Management and Computer Operations.

The fact that my degree is in social services, and I work in Marketing/Web Development, has prevented me from receiving further promotions. I'm a self-taught web designer, I've been creating websites for 17 years, I've been working at my current job for 12 years. It took 5 years before I was even considered for web development and then only part time, and it has only been since January that my role has change to primarily web development. If I had the right degree, I would have been there much sooner, and I'd be making significantly more than I do now. So, the right degree can help you reach your max potential, the wrong degree can get you more pay.

That said, not all careers need a degree. It's really a matter of research, what do you want to do, and what type of training do you need to get where you want to be? Having the wrong degree has made it difficult to get where I want to go, but it's been better than not having a degree.