You are eligible to 20000 cap using your advanced degree issued by a accredited US institution.
But you need a BS that is related to your field of employment in order to be qualified for H1b application.
http://www.ofwguide.com/article_item.php?articleid=289
Q: I have a master’s degree earned in the U.S. in a different field than my H-1B position. For example, I have a master’s degree from UCLA in history and a B.S. in Computer Engineering from the Philippines, and I will be working as a software engineer. Can I get the advanced degree H-1B?
Yes. The USCIS has stated that the advanced degree to qualify for the separate 20,000 H-1B visa category does not need to be in offered field of employment.
yes, you can use your different advanced degree.
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what if neither my master degree nor BS degree related to?
-duckcatch-
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01/08/2008 postreply
10:46:29
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then what will you use for H1b qualification?
-pharmacyelite-
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01/08/2008 postreply
10:56:26
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so i am not qulified to apply h1b?
-duckcatch-
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01/08/2008 postreply
11:52:54