maybe where you are from CS degrees mean nothing. in western europe you don’t get a CS degree unless you actually have both the academic chops and can build working software. i completed many projects while still at the uni.

also, no other white collar job has these sorts of ridiculous demands. and no, engineering does not pay disproportionately well.

finally, most of these interviews test if you solve a very specific programming problem in under a minute. the only way to succeed is by having already solved that particular problem before. so the interviews don’t test if you are a good computer scientist. they test how far you are willing to go to get the job.