u/dak78 wrote (the comment Michael replied to):
I think this is unnecessarily negative and disparaging and also disingenuously trying to diminish what was always a poorly funded nonprofit as a "marketing scheme". A student wanting to see **real outcomes that counts every student within a specific period of time is an understa
u/michaelnovati replied · · edited ★ FEATURED
Just to be clear, this post was a personal opinion and not one of Formation and not about Formation.
RE: Formation, I take that as feedback for sure, I don't think the 750K number is really effective too, but it's accurate and it's what our competitors do, so we took the easy there as we focused on other parts of our website.... Which I think is the fundamental reason we're on such different pages here, Formation isn't a bootcamp and CIRR-type data makes no sense. We've tried to cut numbers with artificial time windows for banks and loan providers and all those people love them and support us strongly, but we don't share them publicly because they used for math for finance people and don't help an individual understand their journey and likely would only mislead them because of the unique commitment and path that each person takes.... the timeframe is largely up to the person.
Not all of our placements are public, but there are a growing number of people who have been with us for 1+ years who intentionally paused or slowed their job hunt process in 2023 because of the market expecting to ramp up when the market bounced back. We kept out promise of supporting them indefinitely until they got a job, and a bunch are getting jobs, and giving us fantastic internal ratings in their exit surveys. I expect AND STRONGLY HOPE that we see way MORE people with us over a year getting jobs!
The key thing here is feedback. We change things every day and we listen. I've sent your feedback to our marketing team. We've been focusing more senior and have helped about a dozen people get jobs at Meta in the past few months in the E4, E5, and E6 level of experience, and we will continue to change and adapt in real time to the market and all we care about is people getting great outcomes and new jobs they love.