It doesn’t require a PhD to steal, which is what 90% of the NYC Metropolitan economy is based upon.
I don’t mean those kinds of letters. I mean stupid corporate I.T. certifications: the kind that are a waste of time for anyone with half a brain and actual work to do 🙂
Even assuming that the finance industry is close to 90% of the region’s economy, try doing any business in the US without a working finance industry.