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the problem is that DS/Algos interview questions, besides deep in low level programming, have little relevance in real life work scenarios. The only thing of value that my formal CS education gave me in respect to my day to day, really is the ability to problem solve.

Also, the reverse can be said about this - that individuals who had a more formal CS education are feeling bitter that more and more people are starting to realize that their time spent in "coding challenges" prove to be of low value in their work, so they keep hammering them in the only place they can - interviews.