As I see it, companies will want some sort of artifact that tells them that the person has some basic knowledge in their field of study, which would make us come back to the same system that many detest.
Otherwise we'll just end up with Samsung Korea's version of the entrance test[1] which is like the SAT but for getting a job, which only a handful of companies can realistically do, and as such there is very little appetite for it in the "West".
