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There is a general consensus in the industry that a person with greater experience will perform better than a person with a higher education. Sometimes preference is given to persons with experience even when they don't have relevant education.
Personally, I don't agree.
Whereas it is true when the comparison is to be between a fresh engineer with a bachelor degree and an associate engineer with experience, I think an engineer with 05 years experience can perform better than an associate engineer with a lot more experience. It is the approach that matters. There's a lot more that can be written but this is the crux.