A couple of month ago, I read an interview with Jonathan Privett (Head of 3D at Rushes).
The tenor of what he said was, that from his point of view, degrees are a MUST, and that even most artists WITH a degree are just not good enough.
To me it seems that they are looking for young, fresh graduates with 10+ years of industry experience who have mastered every existing major 3d package and like to work long hours for minimum wages.
Ok, maybe I'm a bit too harsh and it's not that bad, yet it's bad enough.
Well...
Subdivide and conquer!
Free your mind, and your ass will follow!