Baldwin, I'd advise you to work out what you want to do and then work out what you need to get it rather than thinking, 'I've got x qualification so I can apply for job y'.
In the end, if you don't like engineering, the motorsports 'glitz' (god it doesn't last long) won't keep you doing it.
Degrees are becoming more and more common and I can unfortunately see masters degree becoming the norm in future (I personally didn't see the point in 1 more year of debt when I had firm job offers).
Some of the best designers I've worked with don't even have a degree. However, I'm afraid times have now changed and it is optimistic to apply for certain jobs without. Even then, you'll find the majority of prospective employers will just check whether you have a decent degree before reading the rest of your cv to see what you are really about.
Without being disrespectful to oxford brookes, there's a big world out there and I'd check the top 20 in this list first before deciding firmly on brookes (no.51 :p)
http://extras.timesonline.co.uk/tol_gug/gooduniversityguide.php?AC_sub=Mechanical+Engineering
I'm a bit disappointed to see strathclyde has slipped from the 4th it had when I was there ;)
Finally, you need to note that motorsports businesses rarely have the time or inclination to train people up (nature of the beast I am afraid). Most people will leave uni and get a graduate job of some kind in mainstream industry (aero or automotive is advised) to get some kind of experience. Very, very few will go directly into motorsport. So if you really have this as an ambition, you need to keep this in mind.
Please don't find any of this disheartening, It's all possible! It's just down to how much you want it.
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