If you wait until code is merged into `master` before doing further testing, you're saving yourself 15 minutes of time, but when a problem is found everybody will be disconnected from the source of the bug.
If you, as a software engineer, pull down the branch and try running the code then you'll be able to find bugs, edge-cases, misunderstandings of the design (etc) and then literally point out where they occurred in the source code to your colleagues at the point of the review.
It saves a bunch of time to do it this way, because it only takes <15 minutes to pull down a branch and execute the code, and finding problems at this point reduces everybody's feedback loop and allows you to give meaningful feedback in relation to the diff of the source code. (Note: I'd not do this with trivial changes.)
(I think the only reason that people rest on "role separation" here is because they've never actually tried doing anything deeper so can't comprehend that it helps to find deeper problems.)
When devs would only write code and never click anything around in the system how can they implement anything good?
I don't believe in "efficient role separation" that is 100%. Devs still need to click the system around and still need to attend meetings that give business context. The same for QA, they should understand basic exceptions and know where to find logs to make good reports and not just make screenshot and say "not passed" and drop all troubleshooting on the devs or ops.
Best outcomes I see are when you have multidisciplinary team where team members work together. Of course you have Dev or QA specialists but you have to have people who don't throw stuff over the wall and are focusing on delivering togheter.
I know that more experienced people are able to notice bugs or edge cases due to having a lot of experience and understanding of prior art, but noticing incorrectly designed/implemented logic/behaviour is much easier if your review includes execution of their code.
If you leave this to some later QA stage or QA team then you're just making your reviews less effective and increasing the size of the feedback loop.