For the first ten years of my career, earning those degrees (I have two) was actually a problem. Try as I might, I simply could not respect anyone at work who was not educated as an engineer. If the company president was an ME or EE with an MBA, I was fine. But, if he was some chump with a Political Science undergrad who took a few business courses in grad school, I looked down on him. Needless to say, I quit a lot of jobs early on.
All that changed when I began managing. I quickly learned how little cost content engineers applied to a given project, department, company, etc. It was rather eye-opening to stare at a 10 million dollar budget and see that engineering was only 15% of the job. Sales, purchasing, shipping, accounting, skilled labor, material, etc. ate up the other 85%. So, I consulted with my dad. He said something to the effect that he was pleased to see me see the light and realize how much damage my arrogance and lousy attitude toward others had done to my potential.
Ironically, I now look at engineers as obstacles to getting a project completed on time and within budget. But, at least I understand why they do it and why I shake my head when I see it.