I will give you my experience and you can make your own conclusions. I worked for an regional airline, which I will not name, but was recently shut down. During my time there and unsuccessful in finding a job at a better place or moving up and upgrading(10 year FO's from my initial class when they shutdown) I went to school during while flying and graduated with a master in accounting. I found a much better flying job while in school and thought about not finishing my education, but after 3 years at the place which claimed in out indoc, "welcome to the last aviation job you will ever have", I was furloughed. I graduated and found a job in the accounting finance field. If you are looking for a degree which is universal to most all business this would be helpful. There seems to be many opportunities one you get the experience in the work force. To be honest like most of us that pursued a flying career this work is not as exciting as flying, but droning along at FL380 for hours gets boring as well.

Good luck in your career path.