<p>I have four college degrees, engineering and science, (four and a half if you count half of an MSEE :"> ) and the best thing it has done is allow me to find a very narrow niche in a fun industry (consumer electronics) and wear two hats. I’m underpaid as heck for what I can do but the hours are good (French hours) and the job is a lot of fun. </p>
<p>Overall, tho, overeducated people are more ‘depressed’ as Marian above suggests. We occasionally hire PhD’s and at best they stay there for a few years on the way to something else.I interviewed a few of them for hiring and told my boss as such, and true to their words they bailed on us. Ironically, none to a better position, just a different company doing largely the same thing.</p>