Right. The article talks about this. 'Top' universities are filters for high degrees of talent or money. It is not their value-add then, which makes their graduates employable, it is their pickiness choosing with students to allow to buy their services.

But I partially agree: certification programs need to indicate degree of attainment, not just pass or fail. I disagree that SAT entry requirements is particularly important to an employer. If I wanted to make sure a candidate had a certain SAT score, I could ask them for it, couldn't I?