Hi Anshul,
As per my opinion both passion and degree from premier institute complement each other, yet there are many cases where only passion can do miracle.
Passion is the basis of one’s growth and performance. Without passion, one can never achieve flying colors in his professional life, no matter how qualified he is.
But we must admit, for many reputed companies a degree from a premier institute is very important-but that doesn’t means such HRs are hoodwink.
It also highly dependent on what role you have at organization. Many reputed companies have sponsored programs where they send their brilliant professionals to higher study (off-work) on company’s cost so that they excel in their field and deliver more performance with the passion as well as the expertise knowledge.
For corporate positions in bigwig companies, only IITs/IIMs are entered in. It’s also a perceived fact that the people who come from such premier institutes are refined with the knowledge or leadership or other skills a corporate look for. Whereas the opposite ratio is comparatively less as compared to other institutions.
Have a look at stats, each other many people even working at senior position leave their job, pursue higher studies from premier institutes in India/Abroad and then join back corporate with high energy , increased knowledge and high level.
Education is a boon for all. It no doubt gives you a leap from others.
You question is something, for which there can’t be a static answer, it varies…Above were mine.
Best Wishes!
Arti:)