From what information I can gather you appear to be a member of a Southern Baptist church. As noted, Baptist churches can be very different in what they required, including Southern Baptist. However, I think most Southern Baptist churches today are looking for a man who has at least some sort of Masters level education. That's not always the case but I think it's true of the majority.
At Maranatha church, the pastors that they had in the past were mostly uneducated in theology and ministry. The church is still bearing the scars from that experience. I'm not saying if these men were biblical scholars they would have been better men, but I believe they would have made better decisions and could have better led the church.
I'm the first Pastor they have had who has a seminary degree and who seeks to continue to learn and to share with the church what I have learned. Whether from personal reading and self education or formal seminary classes/seminars, I believe the man of God will continue to grow, spiritually and academically. When we stop learning and growing, we die.