It's a troll toll. It'll get you a software engineering job with a roman numeral in the title at a company you've actually heard of. But if you're almost done then there's no reason not to stick with it.
The early years of my career were quite a slog, having taught myself to program. I started out on freelancing websites, competing with devs from the third world who worked for pennies a day. I lucked into my first salaried job, got hired through my cousin.
I will say, having some theory knowledge does come in handy occasionally. You might never have to write your own hashtable, but being able to understand the implementation of the structures you're using helps a lot to make informed decisions about how you organize and access data, especially when you're trying to optimize for performance or memory usage.
One piece of unsolicited advice you might have heard before is to not discount the power of networking. The best written cover letter in the world can't hold a candle to knowing someone who can put in a good word. Make friends with your professors and classmates, you never know who might think to look you up one day when their company is hiring. My old boss still offers me a job occasionally, more than five years later.