>By the same accord, without titles, buzzwords, etc as an engineer I won't be able to differentiate between resumes of a regular graduate level physics educator and one who is capable of nobel prize level research.

if you're in the position to make a hiring decision and can't make such differentiation - well, yep, that is what we have in software engineering. In physics the situation seems to be a bit (though not much) better, in part because of CVs, in part because the network is smaller.