ShiftingBits writes "I dropped out of school 12 years ago because work was more interesting (and paid too darned well). I eventually rode that wave to a director level position at a mid-sized company, managing over 20 people, and making over $150,000 per year. Nine months ago I was down-sized. I've been doing well working as a contract programmer, but the last month has been almost completely dry. I apply for contracts that I'm completely qualified for, but rarely get any type of response. I don't really want an actual employee-type job, but I've been applying to things just to keep my options open — again, only things that I've got the resume and portfolio to back up. And still I can't even get an interview. Now maybe it is the economy or maybe I'm suddenly a lousy resume writer but I'm thinking about going back to finish my degree — maybe get an MS or MBA while I'm at it.
The question I pose to you, oh great slashdot community, is: Do you think it is likely to pay off in the long run, or am I just delaying the inevitable? Meaning if I can't get a job with all of the experience I already have, will a degree actually make any difference?"