FYI Jock, in a lot of countries who use points based immigration schemes such as Australia / New Zealand, an ATPL licence is given the same number of points as a Master's degree.
Yes you might argue that it's physics at the 15 - 16 year old level, but you know what, these days you can go to a "community college" and smoke pot for 3 years while you study underwater basket weaving or organic kaftan designing and end up with a "degree", so I'd argue the ATPL is just as valid if not more so. I know I put a damn sight more work into my ATPL than I did into my B.A. ( philosophy major
) so it seems only fair