I have never seen anyone I would consider really smart who took these tests seriously.
Even so, most of the discussions about IQ are about individual scores and a lot of pseudoscience.
I consider myself a person of average intelligence who learned very early on that preparation can set me ahead of the group.
I practiced interviewing, public speaking, coding, writing, test taking, etc, and it's helped immensely. I mean, most tests tip their hand later, which allows you to go back and revise earlier answers. most writing is formulaic, you just have to find a good example. any system that you are evaluated by can be learned.
To prep for grad entrance exams, I wroke up early every Friday, got ready, drove around, sat down and took a timed practice exam at 930 sharp. all to emulate my Friday 900am exam appointment. I got the score I wanted.
Going to University doesn’t affect IQ much, IQ is not learned.