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I must say, I agree with webby 
I was quite lucky in that I did one year of uni, wigged out, quit and became a chef for a couple of years. Whilst doing so, got to know the computer manager at a TAFE where I did a 6 month chef course.
After 2 years of being a chef, I was very sick of it. Crap pay, crap conditions, no holidays, and a completely crushed desire to cook anything 
Luckily I got a call from the computer manager wanting to know if I wanted to be a Network Admin, which I took on the spot. Got outsourced to Unisys a year-and-a-bit later, and worked my way up to 3rd level tech support for NT/Novell/Unix/Lotus state wide.
Fun fun fun 
Then I quit, came to sydney and became the firewall admin for a bank.
Throughout this whole time, I have been consistently paid more than my uni graduating friends.
But now I'm seeing that glass ceiling approaching ...
in IT at the actually-doing-real-IT-work level, there's no real need for a degree, experience wins out every time. But you can't do that forever ... well, you can, but who the hell would want to?
Sure, I'm getting paid quite a substantial amount now, but I want out of the industry.
So, in the next couple of years I'm going to head to uni and start into a psych-ish degree of some sort (an area that holds great interest for me, and having worked in a psych faculty at a uni fixing computers, I'm also quite aware of what it actually entails ... and the fact that I've got a HD in stats at uni before helps )
It's not so much that I want to work in the area specifically, more that having a degree of any sort will be valuable, and psych degrees are applicable to pretty much any job.
Yeah, I wish I'd finished my first attempt at a degree in some ways, but in no way do I regret the path I chose in its place. There was no way I was mature enough when I went to uni to put in the necessary work.
Did I even manage to find a point? Or was I just procrastinating before downing a server so I can leave work early....
oh, and Paulie: Chin up! You'll find a job, either through luck, nepotism or just plain hard work! And when you do ... god, you'll wish you were back at uni doing a second degree Good luck man!
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I'm running! I'm running! I'm running! ... I'm naked!
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