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@tom.
From my experience, vocational qualifications are worth more and are a quicker route to money.
If you want to be an accountant, say, get a really low job and train. You'll be doing the same qualifications as graduates after two years, rather than spending 3 or 4 years at Uni and not being guaranteed a job.
Obviously, this doesn't work for some things though (Doctorin', for example).