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No, the exam would be standardized. There would be no need for a CS degree and you would need to take the exam even if you do have a CS degree.

that is what university is for

Most of the best developers I hired never went to a university.

And if they did, there’s a strong element of being self-taught.

No, it’s not. At all. But it’s what they’d like you to believe.

Development teams benefit from both self taught and university taught developers.

Self taught developers bring a different perspective.