I think one thing that people disregard when discussing the pro's and con's of an 'airline managment' degree or whatever, is that fact that all of these 'pilot degree's' are coupled with a full atpl course.
No less than 6 months ago, I was looking at doing one of these degrees myself. Okay, I lied, I was looking at doing an fATPL and getting a degree for it

However, I was quickly put off by speaking to people on these courses. I heard from one person that year one was a few videos and a maths and science lesson (+ppl), year two was atpl ground school and then there was the optional third year of actual degree work for the top up bit (when you did the cpl+ir etc in your own time).
Now its easy to see why these degrees hold little credibility (without starting the perpetual atpl's should be recongnized qualifications argument).
If this recession wasnt upon us and I had the money to do the atpl, I would probably be on one of these degree courses, however, I am sitting here still thinking about what to do in
the current economy and
my current economy...