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I work for a tech/telco company in London and all the seniors agree that CS degrees now are totally useless and don't make you any better at CS.

You might want to consider forming a perspective on this topic with some basis other "what the senior developers at my company say".

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Since it's seniors who hire, i'de say it's pretty important whether they value it or not. And a lot don't, especially for networking since CS has almost no networking in it (by the 2nd year most undergrads still have difficulty working with binary, i.e. netmasks, cidr's, wildcards, etc.).

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