As a general rule, I don't think any particular degree or license is a guarantee of competence/incompetence. My current therapist is an MD and he's great, but I've seen terrible psychistrists in the past too. Two of the worst therapists I've ever seen were PsyDs with over 10 years of experience, as was one of the best. And I've known brilliant LCSWs, but have also encountered idiotic ones who shouldn't be doing therapy. There are a couple of masters programs in my area with bad reputations for shoddy training that I would hesitate to see someone from as a general rule, though.