Dancing David
Penultimate Amazing
In fairness, Malcolm's point is that many (maybe even most?) folks in IT are self-taught. I'm a software engineer; I have a degree, but it's in Anthropology, not CompSci. A couple of my coworkers have no degree at all. IT, as an industry, moves much more quickly than academia can account for; by the time you graduate with a degree, the skills you were taught getting that degree are woefully out of date.
Not in my area, which is IT support and maintenance.
We maintain a network and the data support services. Almost all of the two hundred or so businesses in my area, and some are big name recognition businesses, want degreed/credentialed candidates. So maybe if you are in programming (I can't say) then that is true, but seriously all the high end employers and mid level employers want degrees, credentials and experience if possible. The number of us who do learn on our own is the same as most IT, but that will not fly with most employers in my area. (Which is what is is, certainly not silicon valley)