I have completed a BS in computer graphics focusing on animation/modeling.
I have four years of Maya and 3 years of 3ds Max, but still cannot get a foot in the door with a company. Seems everyone wants only people who have worked on shipped titles.
This seems like a catch 22, where to get the job one needs experience, but one cannot get the experience without getting the job, but cannot get the job for lack of experience.
I can see the need for experience, but also see the need to culivate new talent with an eye to the future.