I graduated 9 months ago. In that time I've merged more PRs than anyone else, reduced mean time to merge by 20% on a project with 300 developers with an automated code review tool, and in the past week vibe coded an entire Kubernetes cluster that can remotely execute our builds (working on making it more reliable before putting it into prod).
None of this matters.
The companies/teams like OpenAI or Google Deepmind that are allegedly hiring these super juniors at huge salaries only do so from target schools like Waterloo or MIT. If you don't work at a top company your compensation package is the same as ever. I am not getting promoted faster, my bonus went from 9% to 14% and I got a few thousand in spot bonuses.
From my perspective, this field is turning into finance or law, where the risk of a bad hire due to the heightened skill floor is so high that if you DIDN'T go to a target school you're not getting a top job no matter how good you are. Like how Yale goes to Big Law at $250k while non T14 gets $90k doing insurance defence and there's no movement between the categories. 20-30% of my classmates are still unemployed.
We cannot get around this by interviewing well because anyone can cheat on interviews with AI, so they don't even give interviews or coding assessments to my school. We cannot get around this with better projects because anyone can release a vibe coded library.
It appears the only thing that matters is pedigree of education because 4 years of in person exams from a top school aren't easy to fake.