u/SeaworthinessAway432 wrote (the comment Michael replied to):
Its very strange to say the least but if it works and they seem to have built a very successful business from it so its hard to hate on them. But you basically spot a codesmith grad immediately by taking a quick glance at the "work experience" section of the resume. ​ A
u/michaelnovati replied · ★ FEATURED
Yeah CIRR does two things:
1. Sets a standard and set of rules and definitions everyone agrees to follow
2. Requires reports to get audited
CIRR is a business league, founded by SkillsFund (now Ascend) and supported by a Course Report.
The results themselves are meant to have high integrity and I trust the numbers. BUT it doesn't mean the whole process and the rules don't have biases in them.
CIRR represents the bootcamp industry, it's a business league with the charter of supporting the industry the members are in. So it's in CIRR's interest for bootcamps to succeed, it's in Ascend's interest for bootcamps to succeed and for students to get loans from them. It's in Course Reports interest for bootcamps to succeed and get page views on their review website and higher valued sponsorships, it's bootcamps interest because more enrollments = more business.
People reading my comments: CIRR is not a scam, it can be trusted, it just means the RULES THEMSELVES are set to try to help the member companies. For example
1. Why is 90 days and 180 days magical milestones for getting a job? You go to a bootcamp for like 12 weeks after waiting 3 months, to start. In the entire 180 days after the bootcamp, someone can come to Formation and get a job and it would count in this stat for the bootcamp's success. Why not add 0 days, 90 days, 180 days, or 30 days, why not 365 days. I totally get you have to choose something but these two numbers: 90 / 180 aren't some magical numbers.
2. Graduation rates + placement rates hide the real completion rate. So placement rates are the percentage of people who graduated who get jobs. The salaries are of people who graduated, got a job, and who reported their salaries. So 90% graduation rate means that 10% of people didn't get jobs for sure to start with. Then there are people who might have ghosted and gotten a job according to LinkedIn (which counts as a % placed) but not have a salary reported so the salaries will exclude them. So it's A FALSE STATEMENT that the median Codesmith student makes $125K base. It's a TRUE statement that the median Codesmith graduate who is placed and reported their income makes $125K base. For Codesmith's H1 2021 LA, about 80% of people got who started got jobs in 6 months so the median of THOSE people is $125K base, not the median of all students who START. Part of this is because CIRR starts with absolute numbers and then switches to percentages... so you have to do the math yourself.
Sorry, I timebox my answers because I'm busy and ran out of time, have a lot more to say lol.