While the degree is still the most important factor for getting a job, it is certainly not the only one.
If you have worked while studying online, the experience that you have gained will also count towards your application.
In fact, this can be a great advantage when you are competing with traditional college graduates with no work experience.
It is also possible for you to secure employment while you are studying and get a promotion at the same company when you graduate. This is a highly beneficial option which gives you employment and income security.
Overall, an online degree can be as valuable as a traditional one. It all depends on your choices and on your strategy.