- In the UK, a lot of people have degrees, but it doesn't seem to matter what the degree is in. You have English and History grads trading bonds. You used to be able to get an options trading job straight out of school (some of my old bosses joined at 16, and are now the movers and shakers in certain option markets) but not anymore.
- In Switzerland (which I think is somewhat similar to Germany) not that many people have degrees, but everyone appears to be trained for their industry from a young age. My private banker is around my age, but started as a banking apprentice at age 16. He's a major asset for his international bank, and seems to know everything that folks in London know.
What are the pros and cons? I suppose if you do a degree in the UK, you can find a job in many different industries. But you'll probably have a steeper learning curve, since you won't be learning about bonds until you land at the desk. In the Germanic world, you'll somewhat hit the ground running. But you might find it hard to change industries, which is a problem at the moment for finance folks (major job cuts at the two Swiss investment banks).