Many organisations treat the ATPL as a degree equivalent. Where I work, a degree is a minimum qualification for an ex-pat work visa, but the ATPL is treated as the equivalent of a degree- which is just as well, as there wouldn't be many pilots here. And I'm currently studying for a MSc without having a previous degree. The entry standards for my course are 'a good science degree, or considerable industry experience backed up by qualifications'. My ATPL was acceptable. The Spanish seem to be formalising this. Good!