I find the key factor the be company size. When I worked for a Fortune 500, credentials mattered. Possibly more than competence. I'm working for a much smalle

I find the key factor the be company size. When I worked for a Fortune 500, credentials mattered. Possibly more than competence. I'm working for a much smaller company now and it's significantly closer to a meritocracy (or a "who will generate the most obvious value - even if it means working 90 hours per week" ocracy).