Among the people participating in the young mage's magic competition, only top 360 mages would be able to go to the third stage. As many mages were able to pass the first stage because of the low threshold, the second round focused on choosing only the absolute bests among them to continue with the tournament.
The first round was something like a qualification round. Anyone passing the first round would at least be able to mention that to their workplaces and that would be their proof of competence. But big and famous places did not put much importance on the first round as it was completely theoretical with no practical value.
On the other hand, they did pay a lot of attention to the people who would be able to qualify for the third round. That was because the second round was completely practical and anyone doing good in this round was definitely experienced and would be useful for any organisation.