I've almost done my masters - I finished all the courses, but did not submit my graduate thesis in time - so I have what we call "absolutorium", i.e. finished the program without pursuing a degree. The other day, a friend from my alma mater wanted me to come and do a semester of programming classes as an "industry consultant". It was all arranged properly and I was getting ready with my lectures when, few weeks before I was supposed to give the first one, I became a political point in inter-faculty negotiations. People from one of the other faculties argued it's disrespectful to allow someone with mere BSc to teach students. Ultimately, my faculty had to let me go.
So yeah, that's the kind of bullshit that having an academic title may help you navigate. Whether or not it is worth the effort to get one is arguable, though.