Still I think there should be some needed post-grad accreditation for software engineers if they want to actually be called engineers.
Everywhere in the world people flock to careers with prestige and money. Chasing cash in a developing country makes even more sense because being poor there sucks even worse than being poor in a developed country.
Which will depreciate just as fast for the same reason.
This would reduce the need for crazy interviews for those that have passed it, since it proves a level of competence above scraping by for a CS degree, etc! Maybe you need a few years of real work experience to have a chance at passing the Software Engineer accreditation. Just like if you have a long work history at GoogAmaFaceSoft, it's assumed you're already pretty capable.
That's just the opposite of what works. I personally find looking at github or whatever personal project the person had to be the best indicator of whether he/she actually liked/is good at programming - for someone coming out of school or claiming little/no experience otherwise.