Basically - the countries have a number of slots for a profession they are looking to fill or that they expect demand for. They create that many university places that create eligibility for the position. Getting into these spots can be ridiculously difficult and the standardized exam is weighed MUCH MUCH more heavily than in the US (with it's "holistic" approach).
Whether or not this merit based / tracking based approach (which actually starts earlier in high school and before for many countries) is what leads to excellent outcomes is a question. But the tradeoff with free education is that the really expensive education has lots of criteria before you get it for free.
Spots are awarded very heavily based on points that anyone can calculate.
"Admission to the LAB University of Applied Sciences is dependent on scores earned either in the entrance examination or in SAT-test. Eligibility in itself does not yet guarantee admission. Student selection will be a competitive process in which the best Finnish degree certificates or entrance examination results or SAT results produce a place of study. See the studyinfo.fi -page for more information about student selection.
The applicant with the highest points score will be offered the first place, the second highest will be offered the second place, and so on until all places available have been offered.
In cases of equal minimum admission scores applicants will be ranked on the following ground:
all students with the same score will be selected."
Not disagreeing with you at all. Just wanted to point out another facet of the debate.
So what's better to learn as a child, an easy to learn language or a really difficult one? Or maybe an easy one orally but a difficult writing system? I have no idea, but it's an interesting question indeed.
https://www.theatlantic.com/national/archive/2011/12/what-am...
If I remember California State Colleges have a bunch of placement tests to gauge what level of classes to put beginning students in. I think I'd be happier with a system that throws a net wide and than deals with the result on an as needed basis. Than a hyper meritocratic system that excludes large segments of society.
Pet peeve: There is no European system. At least every country has their own unique system.
They don't care that you were the captain of the fencing team or can play harmonica.
What many countries do, unlike the US, is having life-defining entrance exams. Unlike the SAT/ACT which are just one factor of many, these tests determine whether a student gets in to a university or not.
The SAT may not be a great test, but at least it's not the sole factor in determining admission. It's absolutely better than what most European systems use.
Finland has been the poster child in pre-university education now for almost two decades due to the good PISA results. Maybe less so recently as Finland's results have been in a slight decline.