Actually my anecdotal observation is that it's a little bit worse than that: they rank CS graduates from the top-10 schools at the very top, the next tier are the "gritty, self-taught boot-camp graduates" and after that are the graduates from any of the other thousands of universities. So if you don't get into MIT or CMU, you're actually better off skipping college entirely, at least if you're considering programming.
Actually my anecdotal observation is that it's a little bit worse than that: they rank CS graduates from the top-10 schools at the very top, the next tier are the "gritty, self-taught boot-camp graduates" and after that are the graduates from any of the other thousands of universities. So if you don't get into MIT or CMU, you're actually better off skipping college entirely, at least if you're considering programming.