There are not as many data scientist jobs as the hype makes it seem. Maybe this will change in the future but right now there is not such a lack of qualified candidates to justify taking chances on lesser degree candidates.

All this hype makes it so everyone wants to be a data scientist. You get people who change careers to go into this new hot career. You also have a pool of people who have been working with data well before the hype with experience. The people trying to break into data science will have a very hard time competing with the people with experience over the pool of jobs out there.