In the high 90's... which ironically and sadly is not great for a software engineering career. I would compare this to being a passionate artist and then realizing commercial art is the antithesis of creating good art. It's a contradiction that is born from the profit driven needs of businesses. That said, it's not all doom and gloom, sometimes companies find a space in which to prioritize engineering (or art in the example), and I think these are the companies that are ground-breaking and move the industry forward.
Also, in my defense, it seems the entire education system, especially higher education, does not mitigate against this. Doing well in a CS degree basically means you are passionate about software theory, and there is almost no mention of the pragmatic elements of business, the need for people skills, or the quirks of the market in which your career depends on.
Your observations are relevant. It's clear that the valuation of software engineering varies between companies, which can be frustrating for enthusiasts of the field. As for the education system, it does not seem to provide adequate preparation for the practical and commercial aspects of the profession.
Also, in my defense, it seems the entire education system, especially higher education, does not mitigate against this. Doing well in a CS degree basically means you are passionate about software theory, and there is almost no mention of the pragmatic elements of business, the need for people skills, or the quirks of the market in which your career depends on.