DislikedDegree doesn't guarantee victory in trading... I agree. Nonetheless, why a certified or a well educated person is required when a brokerage firm looking for a financial or credit analyst...?
Building up a successful system is, definitely, an important part for traders; however, for example, I had been doing degree in computer science it is definitely helping me out to write down my indicators or expert advisors in mql4. Well educated person has the tendency to do work efficiently and effectively.
Every thing has its pros and cons and I think while trading it is better to be an educated or degree holder rather have nothing. Secondly, the degree holder has the second option if he/she doesn't get success they can go back and earn for living...
The degrees brokers are looking for is as you said...for analysts. Analysts are quite often the worst traders. They have the sharp mind to provide an analysis of various financial instruments and economies. But that's why they have the degree...in order to understand the terms and theories that is the basis to their analysis. It's all academic. However, ask an analyst to take that analysis and put money on the line and you are asking them to step into unknown territroy. There is a substantial difference between an academic mind-set and a trader's mind-set
Degree or no degree, the market simply does not care.