I would like to add that in ancient chinese education (esp. Imperial examinations), there were also classifications of scholar ranks. Different scholar genre/ranks such as Xiucai, Juren, Jinshi were almost equivalent to today's degree ranks such as Diploma, Bachelor, Masters, PhD etc.
However, one big difference between ancient chinese education and today's university's education is that ancient chinese education focused alot on general 'humanities' education, rather than professional/specialist education. It trained the chinese to be like '
generalist' rather than specialist. This type of "generalist" education is known in chinese as "tong cai 通才" (literally means "skilled and talented in all fields").
Today's university education was meant to train an individual to be a specialist only in a certain profession. Outside the professional course, an individual probably knows very little or nothing about other fields of knowledge. If we were to use ancient chinese scholar standard, these types of "modern-day specialists" are not considered 'true scholars'.
In contrast, ancient chinese education focused more on training an individual to be a '
super knowledgeable generalist'. A Jinshi scholar in ancient China is probably expected to be 'extremely-knowlegeable' in many fields of studies and probably "knows" everything from literature up to astrology. For this reason, it is not surprising that scholars in ancient China spent many years studying a wide range of subjects just to pass the Imperial exam, obtained a scholar title and become a scholar bureaucrat. A Jinshi scholar is for instance extremely talented and knowledgeable in various fields including music, chess, calligraphy, painting, poetry and literature, philosophy etc. He could fulfill various professional roles in ancient China. Thus, a scholar could be a poet, but at the same time, he could also be a politician, a strategist, astrologist etc.
The Song dynasty Scientist (scholar) Shen Kuo 沈括, who was one of the leading chancellor of Han Lin Academy (somewhat like chancellor of a university), was for instance "super knowledgeable". He obtained his Jinshi scholar rank at 33 years old after passing the Imperial exam. He excelled and was knowledgeable in various fields of studies such as geology, astrology, archaeology, mathematics, pharmacology, magnetics, optics, hydraulics, metaphysics, meteoreology, climatology, geography, cartography, botany, zoology, architecture, agriculture, economics, ethnology, military strategy, music, divination. He fulfilled various excellent role such as being an Engineer, Militaralist, Diplomats, Politician etc. (See
http://en.wikipedia.org/wiki/Shen_Kuo ). That's the "high standard" of a true scholar in ancient China.
Today, I don't think any scholars in China could match that kind of 'high standard' of being 'super knowlegeable" in all fields of studies, largely because of today's modern university education.