I never take ownership of a degree as competence in anything. It just means someone has attended university and managed to find the correct answers in the exams.
In the last few years we have employed a couple of people with degrees in electronics. One of them didn't know which way to wire up an LED (something I learned when I was about ten) and the other had a similar in depth knowledge of the subject.
I would hope these are exceptions to the rule but I hear similar stories from others.