I got a 4 year degree, but not before I spent several years out in the workforce, getting some experience under my belt. As far as I can tell, the modern employer values the degree much more than the experience. From what I've been told, employers see it as a sign of being motivated and self-directed - regardless of experience level. Honestly that's a load of BS. It tells the employer that you have 4 years of experience following orders, jumping through hoops, and not rocking the boat - like well trained lemmings. Sure, there are a few companies left that value innovation and independence in their employees, but those are few and far between. The experience gives me and advantage - it will get me hired before someone with a degree and no experience. However, in this day and age, one without the other is almost useless.