This is a very subjective answer. Personally I studied computer engineering which is essentially the hard classes from computer science combined with the hard classes from electric engineering. I suck at algorithms. I have a hard time with abstract theories. I contribute to open source not too much but I do. I started in .net and now try to stick to JavaScript and node or rails. I have held titles of architect, director, and team lead. My favorite title though is "engineer".

The answer to this question is very simple. It's not school vs self-taught. It's PASSION and I fucking love programming :)