What do you think a 'distinguished degree' is?

I posted this in another forum but I'll post it here too "It was said that Distinguished Degrees are degrees that showcases what that specific university is known for. As such your sims will need to have some skill of said Degree to even be considered for it otherwise they risk being turned down and rejected if they apply without any skill for the degree they are applying to. I believe they also stated that the rewards of the Distinguished Degrees are more than regular degree. You'd be able to jump to a position in your career better than non-distinguished. Get better pay, more PTO, and etc. You'd essentially be more highly qualified in the career of Engineer if you get a Distinguished Degree from Foxbury against someone who's gotten their Degree at Britchester."