the big n tech companies have the same problem as harvard, more or less. way more qualified people apply than they have headcount for, so how can they pick efficiently?
I don't enjoy leetcode interviews, but for these extremely competitive positions, I can't think of a reasonable alternative I'd prefer. you know in advance what topics you'll be tested on, and the interview prep applies to several different companies you might be interested in. I'd much rather do that than prepare a bunch of "tell me about a time when..." answers for each company's supposed values.
> In what other industries are the bars so high?
pretty much anything where you can start at $200k with a bachelor's degree? honestly what other jobs like that have a lower bar?