u/InTheDarkDancing wrote (the comment Michael replied to):
I don't much care for the back office issues. It can be the worst company structure in the world, but as long as outcomes hold it's okay with me. On the other hand, you can have priests and nuns running a competing bootcamp, but if people can't get jobs what's the point? I think
u/michaelnovati replied · ★ FEATURED
RE: Outcomes, I summarized my threads a bit to respond to that. So what has been publicly stated is that average cohort size is down 25% from full capacity, people are being accepted until immediately before a start date, on their first interview, resulting in reported "lower bar" (a handful of reports from more "advanced" students who feel like they are working with more people were let in later, completed an accelerated pre-work, haven't been working for months in the Codesmith ecosystem before, and are struggling to "write basic code" as it was put) I don't have numbers on this but it tracks with the trend that Hack Reactor has done by making a "beginner" track (the 19 week one) as the enrollment of advanced people is down there too.
Placements are at not as strong companies as in the past. Their own data that was shown at an info session, albeit with the caveat of the presenter saying something to the effect of 'I don't know if I'm allowed to show this but I will and hopefully it doesn't end up Reddit', that their own tracking of mid-level placements was down about 15% or so this year. I still don't agree with their definitions of mid-level, but even their own tracking showed people taking "lower" roles in 2023. The non public data here is that placements are shifting to geographically distributed smaller and non-tech companies, agencies and contract jobs. Far fewer people receiving stock, RSUs, options.
From second hand but reliable data: in the past 2-3 months there has allegedly been 1 Capital One, 0 Meta, 0 Google, 0 Apple, And it's not the market... I've seen 2 Capital One, 2 Google, 2 Meta, 3 Apple placements at my company during that time - which is lower than we would like too - but also numerous more people finishing up onsites. All of these were for "mid level" roles, so it's not a fair comparison to Codesmith grads - as they are aiming for entry level roles at these companies, other than C1 - but I'm making a point about the market.
The summary here is that just going off of public info with a sprinkling of inside info about placements, there is enough to warrant a "hey everyone things are changing at Codesmith, ask questions and make sure it's a good fit for you right now in end of 2023 instead of listening to arguments on year old information. go to info sessions and ask these questions directly. figure out HOW people get placed because those strategies might not work in this market, even if the past outcomes were great"
And I keep saying this over and over, because on Reddit, one off success posts don't change the narrative above that I feel is fairly clear and even more clear with non-public info.
AGAIN, NOT SAYING IT'S THE END OF CODESMITH HERE, I TOLD TWO PEOPLE NOW THIS WEEK TO GO THERE! I'm just saying understand how it works and join for the right reasons.