Many regionals state a preference for a 4-year degree. Whether they actually apply this depends on current supply and demand. The type of degree is irrelevant at the regional level. The one cfi at my old flight school who did not have a degree got left behind when several others and myself got regional jobs. He ended up doing a year of night cargo, then got a regional job.
At the major level, the degree is essentially required, and a hard science or engineering degree might be more helpful. A masters is even better. Essentially ALL military fixed wing pilots have degrees, and usually pretty competetive academic histories. Also the military encourages advanced education and pays for it, so many ex-military guys will have a masters.
Yes, get a degree. It should also be one that can get you a job if aviation turns south (no underwater basket weaving). Avoid aviation degrees at all costs unless it is an actual engineering degree.
Since you already have the 4 year, focus on quality flight time. Get a masters if you can work it in along the way.
Last edited by rickair7777; 03-29-2006 at 07:40 AM.