Well we all PFT'd for our ratings (unless you were military) if you think about it...but not everybody bought their job flying a turbine aircraft!

Single nav holding and short field landing ability don't make a competent 121 pilot, but they sure as heck make a well-rounded pilot that knows more than "gear up speed mode, heading mode, autopilot on".

Aviation universities are great...but people who don't do any flying outside of those programs (and there are alot that I personally know that don't) are doing themselves, their future captains, and their future FOs a GREAT disservice by doing so.