Nobody deserving of the name "engineer," or more generally anybody who is actually mentally capable of any kind of creativity or innovation, gives the slightest shit about those worthless credentials and bureaucracy other than to be irritated by having to waste time obtaining them.
OK, now you're talking about actual skills and not what credentials you have. I do respect those skills. It's just that if I took the time to learn those things, the odds that I could do it are close to 100%. On the other hand, if you asked me to:
1. hire and retain the top performing aerospace engineering team in the world
2. make suggestions for major engineering decisions that that team actually ends up using