I'm in the finance industry and I'm Financial Manager and I hire and work with analysts. So here's how I see things... a lot depends on the position/profession. If you were a dog catcher for 10 years, then went to school to get an economics degree, then applied for analyst position with me... I'd probably pass in favor or a different candidate.
However, if you were doing something in the field prior (lets assume you were applying for an I.T. role with my group) and you went back to school to become degreed in your field, i.e., computer science, etc. and you were applying for an advanced programming positon with us... then you'd absolutely be considered.