This is a pretty garbage take. Goldman Sachs is easier to get into as a software engineer than any FAANG. And every FAANG I know takes the majority of their new grad hires from public universities which, at least in California, are banned from affirmative action and legacy admits. Despite the UC administration's best efforts to remove merit from the equation by not counting standardized test scores admissions into a top UC is still merit-based.

Software engineering is not investment banking or law.