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I have not been in a lot of projects recently where Ive had to do a lot of designing from scratch. I am seeing a lot of projects where the project is in the maintenance or upgrade mode, so there isnt a lot of scope of using a lot of the knowledge that you could gain from learning for the certifications. And I also love the "aha" feeling of finally getting something, really getting something that I get when studying the theory. So, theres definitely a case for certifications even for programmers who probably can code( who knows! maybe someday *I* will actually need all those design patterns ive been reading about!)