If candidate A and candidate B have the same training (ATPL) ,the same flight experience but one holds a university degree and the other not, then I think the one with the degree should get the job. Maybe the candidate without the degree is a better pilot BUT the other one has worked harder and managed to earn his degree.
With respect, I think that's a strange way to look at it. If one applies for the job as a pilot, the person who's best for the job as a pilot should get it. Recruiters aren't charity cases who are going to think 'oh, A is a better pilot but B has a degree which has nothing to do with his effectiveness as a pilot of my aircraft, but he did work hard for it, so I'm giving him the job.'