"I am naturally disappointed not to call on Barry's abilities and experience for the Euro 2012 qualification campaign, " said Levein.

BBC: Barry Ferguson confirms Scotland retirement

Trailing right behind experience as the highest valued qualification are strong resumes and cover letters, and interview performance.

FORBES: Experience Outweighs Educational Pedigree For Internship Candidates

Last year, the Department for Children, Schools and Families introduced the Diploma qualification in England which combines theoretical study with practical experience.

BBC: Q&A: Life in a harsh jobs market