Sadly, it is in fact very real. The difference in how you are treated as an architect vs an engineer [in the UK] is really quite astonishing.
And also perhaps with good reason, as an architect you are keeper of the magic and mystery of the 'queen of the arts', whereas as an engineer you are just there to fix the tv/computer/iphone/whatever. As an architect you are part of polite conversation about what the world is/was/could be, whereas as an engineer you would not even get an invite. As an architect your life is (supposedly) parties and beautiful people, as an engineer board game nights and trappist beer (steady now!).
Of course the tech boom has upended things somewhat, but, in the the UK at least, we have been managing to keep a lid on that particular nonsense.