I don't know about the University of Waterloo, but at the University of Canterbury, we had separate Computer Science and Software Engineering degrees; you could

I don't know about the University of Waterloo, but at the University of Canterbury, we had separate Computer Science and Software Engineering degrees; you could get either a B.Eng (hons) in Software Engineering or a B.Sc in Computer Science. Software engineering students had to do process and design papers, they (theoretically, at least) learned about agile development, UML diagrams, and all that other SDLC bullshit. As a computer scientist, I instead took fun papers like computer graphics and cryptography. All the things I missed learning because I did computer science, I picked up as I needed at work. Learning how agile development works doesn't take a semester of reading books, and what you learn in theory about the SDLC at university doesn't reflect reality in any company.