[chrischen]

To be fair IQ tests would probably be weighted less in relation to other things on the resume than a college degree is relative to other things on the resume.

But since a college degree is perceived as a more raw evaluation of skill/potential skill than an IQ test (which is more speculative as it only evaluates potential and evaluated in a short test), the degree is often given too much weight.

IQ test: speculative evaluation of potential but requires virtually no money/wealth to master. College degree: can/must be bought with (sufficient) money or (semi) inherited (in the case of legacy admissions). Both are bad.