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I really like kmcmom's advice. It's fair and sounds accurate to me.

It would be interesting to know the percent of people who work in audio engineering and producton who have college degrees and the percentage of those who's degrees are closely related to what they do. It's probably not nearly as high as one would expect.

I think that the biggest advantage of having a college degree in a field like audio engineering or production is upward mobility. Ya, one might could get a job as an intern with just a good ear and no college, but college often helps with promotions particularly if all other factors between to candidates are equal.