u/luccat1004 wrote (the comment Michael replied to):
Some thoughts on #5. There will be a surge in complaints and negative sentiment * There is a lack of transparency in the industry. Students need information to make an informed decision, and negative sentiment is an important signal to their chances of getting a job in this mark
u/michaelnovati replied · · edited ★ FEATURED
u/ludofourrage might have some comments about NuCamp, which relies on satisfaction and effectiveness ratings over placements outcomes.
I feel pretty strongly that bootcamps shouldn't be judged by job outcomes and should be judged by education quality value for the cost. It will improve the quality of education, which is what most of the employees at the bootcamp work on.
CIRR encourages bootcamps to be judged purely by placement rates and salaries and I think that not in a great direction. I think it's a piece of the puzzle and useful information, but not the sole way to judge a program.
I also think bootcamps play a part in this by having the "wall of logos" on their websites and advertising the placements in bold. Stanford doesn't have salary numbers of graduates on their homepage in giant numbers like BloomTech does.
I don't think career accelerators like Pathrise, Outco, Interview Kickstart, Scaler, Coachable, Formation (disclosure: co-founder) fall into the same bucket as bootcamps. They will have their own host of challenges this year but they should be judged by whatever they promise. For example, Interview Kickstart offers (as of last year) 6 months of support after a fixed program. Pathrise cancels fees after 12 months if you don't get a job (as of last year). Coachable only charges you if you make 100K. Formation has no length and keeps working with you until you get a job. Whatever something promises, they should be held to and judged by that. At Formation we are constantly adapting our messaging, training, mentorship, etc... on an ongoing basis as the market changes, and I hope it reflects a strong value for any market.
People at career accelerators are often making large salaries with complex compensation and a difference of a few thousand dollars of salary miss the point if trying to compare them with forced disclosures. You have to do a deep dive into which experience is right for you.