u/Top-Measurement-7216 wrote (the comment Michael replied to):
Hardly deceptive. Codesmiths CIRR 2022 H1 results were 80% jobs placed and a $127k salary average. Their H1 2022 part time program had a **$137k average with 83% jobs placed.** People diminish H1 2022 results as if those grads somehow completely missed the tech freeze. Wrong.
u/michaelnovati replied · ★ FEATURED
I'm intimately familiar with month to month and week to week trends and how many Codesmith people graduate each month and when their 6 month clock starts and ends and then even account for fellows, whose clocks are delayed for 3 months (or however long their fellow contract ends up being)
I know for a fact that outcomes for CIRR H2 2022 are significantly worse than H1 2022, about 15 to 20% worse, being generous.
July through August 2022 saw strong hiring at Amazon and Capital One, whom were filling out remaining headcount.
The market was terrible in November and December as headcount ran out, freezes continued, and people decided to wait until next year.
Because of the cadence, which you understand as well, that means only one or two cohorts from each coast were impacted super bad and had terrible placement rates that were somewhat cancelled out by the stronger earlier ones.
January and February saw a little boost as people came back from vacation and a handful of non-FAANG companies released headcount for the new year. It was no where near July/August but at least some people were hired.
The came March through May - which was like end of 2022. Then June/July 2023 things are picking up to Jan/Feb levels but FAANG is hiring again and smaller companies are starting to fail. Some of those people hired in H1 2023 are actually being laid off from those smaller companies failing... but it's quiet because those.are small companies that aren't in headlines and it's a few people.
So for CiRR H2 2022, the best cohort is like 70% and most are around 50%, and it levels off to about 60 to 70% or a 15 to 20ish percent drop.
How do I know all this? I track Codemsith specifically because and have an extremely larger amount of data on them, but I also see hundreds of people interview every month at hundreds of companies and see interview and offer trends in a very structured way.