Here is the sentence simple english:
I would say that the statements were very exaggerated, if so many professors did not think an advanced degree is the same as talent or skill.
Vocab - Here are a few words and what they mean in the sentence:
Hubris - exaggeration, arrogance
*Extraordinary * - very great, remarkable, huge
*Commonplace * - common
Equate - think of as the same, make equal
Virtue - skill, talent
The sentence is made up of and independent clause and a dependent clause.
- The first part is a independent clause and makes sense by itself.
I would say that the hubris of these statements was extraordinary
The author is saying that the statements he is talking about were extraordinary exaggerated.
- The next part is a dependent clause which adds detail to the first part
were it not so commonplace for professors to regularly equate the possession of an advanced degree with virtue.
He states that professors commonly and frequently think that a person with an advanced degree is better than someone without that degree.