The ONLY requirement (at least, as far as I've managed to tell in my 3 year job hunt) is to be GOOD.

Now, in pursuit of being good, schooling can help, but that's all it is. A means to meet an end. If you feel that you can get perfectly good on your own, have at it. In my opinion, schooling is a good thing. It will speed you up on your road to becoming "good."

As I stated before, one of the problems with everyone not finding jobs, is most are fresh out of school.

1 out of, maybe 100 get a job straight out of school. How? They were better than EVERYONE else. Again, how? They practically LIVED at the school. Not everyone is literally able to do that. After graduating from school, prepare to spend time building a portfolio of your own projects, rather than school projects. Prepare to continue to improve yourself by utilizing the knowledge you were taught.