Well, they are in alignment with the industry then, where the big players seem intent on hiring effective exam writers based on their technical screening proces

Well, they are in alignment with the industry then, where the big players seem intent on hiring effective exam writers based on their technical screening process. How do you pass your undergrad courses? Memorize data structures, algorithms, and definitions, and write code on paper. How do you pass a Google interview? Memorize data structures, algorithms, and definitions, and write code on a whiteboard. I cringe every time someone asks a question about interviews on /r/cscareerquestions and the inevitable reference to Cracking the Code Interview or something similar comes up. I cannot fathom that you can, and should be expected to, study or cram for an interview. It makes the interview the equivalent of an undergrad test, with the same value as a signalling device. I'm not sure which feeds which, and I'm sure there is two-way feedback in this system, but I don't think fixing undergrad education alone will fix the core of the problem, nor will encouraging more students to pursue engineering degrees as programs like MathMovesU attempt to do.