Even in large churches we see this trend. Congregations believe in order to be successful, (however the word "successful" is defined by them), a formally, multi-degreed pastor is needed. I've spoken to a couple of pastors who told me they would never refer a man to a congregation who doesn't have a theological education. I personally believe that this mentality is cloaked in spirituality, but is really just another form of worldliness. The world demands a formal education for certain positions, and the church bit the bait, and now we demand it.
Please understand that I am not against a formal education. On the contrary, I am for it. However, I am also convinced that there are capable men that are equipped for the ministry who attained their education by personal study of the Word of God. A degree from an institution does not in itself equip a man for ministry. Unlike the world, Christian men are taught of God. No truth of Scripture is believed and adhered to apart from the Holy Spirit's revelation. When Peter declared the deity of Christ, Jesus told him that flesh and blood did not bring him to that conclusion. The Word of God tells us that the natural man can't even receive the truth of Scripture apart from the Spirit of God. The Scriptures are, unlike other text books, Spiritually discerned, and that discernment can only come from the Holy Spirit.
No, I'm not against a degree from a Bible college or university, but all too many men have stumbled over the very degree they earned. We have a great number of universities today, but more divisive theological positions as well. We have many more pastors with degrees today, but more immorality in the pulpit. We have more Doctors of Divinity, but the church is still sick, and people are sent away to die instead of being healed. A degree from any university is earned by giving your professors the answers they want to hear, but that right answer for one professor can be a wrong answer for another. Certification does not mean qualification.