Ted Nelson, in his classic Computer Lib/Dream Machines
(1974):
'Swarthmore left me with an exaggerated notion of the extent to which
ideas are valued in the academic world; it took two graduate schools to
clear this up. After that, as far as I was concerned, Ph.D. stood for
Poophead.'
Ted is not always thoroughly in touch with academia.
BS is BullShit
MS is More of the Same
PhD is Piled Higher and Deeper
Several of my degrees have had unexpected very powerful impact on
employment in ways that I had never intended when I was in college.