Well this is 2019, not 2014. The requirements for any typical software engineering grad to apply straight into a FAANG company is still fierce I'm afraid. A BSc is not good enough to fend off the competition of other BSc holders when the hiring managers at these companies still prefer a masters grad over a BSc if they can.
So the competition to apply for FAANG companies for a new grad position in the last 5 years is still very high.
People involved in hiring at these companies put almost no weight in if you have a post graduate degree when hiring SDEs. Most of the weight is put in the interviews, they'll interview almost anyone esp Facebook, Google and Amazon. They hire at such a high volume that they don't have the luxury of targeting post-grads.
As someone who worked for one of those companies for 5 years this is completely wrong. Most SDEs there only have a Bachelors degree and as someone who was involved in the hiring process most of their new hires were also those with just a bachelors degree. On all the teams I worked on I only worked with 3-5 people who had a masters that I knew of in my 5 year tenure at that company.