What companies expect from a 2+ years experienced Java programmer?

Yes...This is the only question comes in my mind...when I return back from the interviews...either for my technical experience doesn't meet their expectation or their offered package does not meet my expectation.
I joined in my current company as a fresher two years back. Till now, working under the guidence of module lead or project lead. So, like most of the other companies, I was never given that much freedom to take my own decisions while writing a code. We as a software engineer, do not have that much business knowledge behind the project. We are simply managed by our leads to maintain or writing codes. We were just informed about the client requirements after the leads used to have meetings with them. But what was the scenario, why the changes has to be done..we were never encouraged to know that.
Now whenever I appear for interviews, everywhere I am asked such technical question which I have never encountered while writing codes. And the most terrific question they ask - whether I can handle the code independently or not. If this will be their expectation then their offered packege and designation should also satisfy a candidate. But nowhere I can feel my satisfaction. Still everyday I hope to get a good oppertunity where I can use my technical knowledge, learn...and able to reach my career goals.