Gladys Carter, an eminent Canadian nurse holding a "Boots" fellowship at the University of Edinburgh, in 1954 set out lucidly the ways in which the nursing profession would benefit from an increase of university graduates among its members. Since then the University of Edinburgh has been playing a prominent part in conducting courses at undergraduate and intermediate degree levels and a considerable number of nurses have obtained M.Phil. and Ph.D. degrees by research. There are now many other institutions of tertiary education which provide the opportunity for nurses to study for degrees and an increasing number of graduates enter colleges of nursing for nurse training. Using the Edinburgh experience as a starting point, the article discusses the value of degree courses to individual students and the potential value of graduates to the nursing profession. It is distressing, however, that graduates themselves do not appear to have career aspirations commensurate with their qualifications and that the profession in the United Kingdom still fails to find graduates to fill senior posts. Those who studied for university degrees after having established themselves in nursing appear more likely to be promoted to senior positions than those who have taken degree courses in nursing. The contribution of graduates to the establishment of a body of nursing knowledge and the role that the universities play in the research endeavour is discussed.