I think you’re on the right track. First, especially with your experience, do the work and become the doctor you want them to be. And buy a Porsche.
Second, how much work did that person do to earn the degree? How much debt did that person incur?
I’ve seen many times where a person with lesser education outperforms a “superior.” It’s not really fair, but getting the degree and then the job…that’s just the way it is.