...now it seems that any tom Dick or Harry (no offence or pun intended DT) can have a go.
OK, my name's Richard, so we're now up to 4/5, and I guess I'll take a nibble of the bait.
I come from a long line of public school and university folk. On my dad's side they're all lawyers or army officers, or military lawyers; on my mother's they're historians, archaeologists and teachers. All have used their studies in their chosen professions, and have been quite successful in their fields. My degree was in a more nebulous subject, and some of that academic stuff gets used in my day job, though a lot of the technical aspect of the field I work in was learned on the job.
Interestingly the company I work for does have apprenticeships, we take on a bunch of them each year. Some see it through and end up working with us, others decide to go elsewhere. Those that stay tend to end up in the production/technical side of things and have no apparent desire to move from that role. The more admin type roles (sales, marketing, R&D, operations, etc.) tend to be filled by university graduates, e.g. me, sales director.
I can't say that we would necessarily presume that someone with a 3rd class degree from an online Uni in the "comparative narrative structures used in Australian soap operas from the 1980s and 1990s" would be a prime candidate to come work with us, but I wouldn't discount a university education altogether...