u/incredibleEdible23 wrote (the comment Michael replied to):
I’m not the one downvoting you and I’m not sure why that is happening. But I’m not sure I agree the placement rates will TANK. I think it’s actually more likely that salaries (for codesmith grads) will go down a bit. I’m sure placement will too as some folks are willing to be p
u/michaelnovati replied · · edited ★ FEATURED
So almost 1/3rd of the people in H2 2022 have already hit the 6 month window (or fellows from H1 with 9 month window) and from what people have said, the placement rates for those cohorts are hovering around 50% and a number of people have ghosted and disappeared. I'm sure the top 20% will get jobs quickly and proudly fill out this spreadsheets with how great they did, but it's the silent people to watch out for.
When CIRR comes out I'll look with a fine tooth comb because there is one giant loophole: the auditors can use LinkedIn to validate if someone has any job listed and mark the person as placed but not have any salary to report.
So if someone ghosts the program and becomes a salesperson at BestBuy, they can be a placement but not bring down the salary metrics.
The number of people in this bucket has to be reported in CIRR and if we see this number go up from previous cohorts, it means something fishy is going on.