[prajjwal]

I wouldn't mind doing homework that is related to what they need me to do on the job. Make me code. On a real computer. With a compiler. With an internet connection. On real problems, even if they're conventionally hard to solve. I wouldn't mind rejection if I can't produce something satisfactory in a real life setting. Sometimes, they ask things that are too far removed from what they need from you, and I just don't get it.

It's not about learning algorithms. If you do the Stanford MOOC on algorithms on Coursera, which is one of the best MOOCs I've ever come across, you'll find that the instructor emphasizes understanding over rote learning and implementation details. If you understand what data structures and algorithms fit where, you can look them up and apply them as and when you need to. Memorizing every nook and cranny of CLRS so you can reproduce it quickly in an interview is a terrible waste of time, imho.