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In my opinion, Education and experience are both important, however, Education is more important in the sense that when a person has a formal education he is oriented with the basics to a more complex situation in an office/service/production environment.
There are subjects taught in college that would contribute to perform the job in the highest level of satisfaction.
Basic knowledge of course is the heart of all work.During work if anybody knows basic things he will get expertise in little time and fill comfortable to work.Hence Basic Education is necessary to be expertise in anyfield.More over experience will be gained on the work place as per norms of company.So in my opnion experiance is the latter thing after Basic knoledge i.e. Education.
a person with high level degree or education but without experience, how can he get a job?!! the most important is a person who have the ability to do the job. Each instutition must have HR to train the regitrer for a new job, to give them equal chance and then to choose who matth better with the job