Going to school and business career success

My parents have always told me to go to school so I can do anything I want when I grow up.....Luckily, I feel good knowing that any business would have a lot to benefit from hiring people who have a good college or university title......However, there are many people who mathematically feel that studying is not the best option to succeed and that connections alone will get you ahead....

Their logic is as follows (I do not agree with this, but it is a great application of Algebra)