having more education, training, or experience than is required for a job or position.

1950–55; over- + qualified

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World English Dictionary
overqualified (ˌəʊvəˈkwɒlɪˌfaɪd)
having more managerial experience or academic qualifications than required for a particular job

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
He was overqualified for this seemingly simple task.
But he had no money and, in fact, was overqualified for any kind of a job
  available to him.
The jobs once occupied by high-school kids trying to make some pocket change
  have been usurped by the overqualified and the aged.
He is probably a lot of people, not doing the job you want to do, doing a job
  he's overqualified for.
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