I think this is mostly true. IT/Software in general are a lot less focused on proxies for success than other fields, I think that is largely because it is much easier for individuals to learn skills outside of a professional setting, it is also much easier to validate knowledge and competency than in other fields; and, of course, there are many other factors such as a more progressive workforce, etc.

I was very lucky to have a professor who pulled me aside and steered toward IS. Once I got my first post-degree job, the company I worked for was happy to help me develop technical competency.

Things have definitely changed for the worse in the past few years. You won't hear anybody with a similar story coming into the field today.