Considering today's Job Market, Is it necessary to be a Graduate ?

Degree definitely does not, especially with all the new job titles that don't have any degrees yet, like social media or data analysis.
It will take the academic world a while to catch up.

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Yes.

Being a Graduate grooms you to a certain level of academic maturity in the faculty you choose. And, what might appear on the surface of so called today's job market and fancy title, people always hire someone who is more educated then other. 

It's an asset. There's a lot you learn from text books, but much more from everyday experiences. However, everyone wants to be labeled "educated". 

Wouldnt Enlightened be more appropriate considering the type of so called Educated we have these days around us ?