u/StephenScript wrote (the comment Michael replied to):
I have no incentive to defend any given establishment that would be mentioned on this subreddit. I have noticed that a disproportionate amount of your posts do pertain to Codesmith, and much of the message of those posts are laced with negative undertones that go beyond unbiased
u/michaelnovati replied · · edited ★ FEATURED
For the past year we don't accept anyone without a year of SWE experience, and literally a handful of people who appeal to come in with say 6 months of experience but are clear on their goals and aligned, so no one recently does them back to back.
We've had way more people come back to Formation twice and pay us twice (or three times) than we have people who have done Formation immediately after graduating Codesmith.
The fact that people come back to Formation multiple times and pay us each time is a very clear indication we are not remotely anything similar to Codesmith. We don't teach anything.
The personal trainer analogy is much stronger. Hire a personal trainer, get into shape, good for a few years, have new training goal, get into better shape again, good for a few more years. Have a kid, need to make routine changes, get into shape again.
\`I think it is very difficult to objectively communicate its value\` - EXACTLY MY POINT! That's why we don't publish bootcamp CIRR reports. The value people get is hard to put into a number and one of the strongest signals is people COMING BACK AGAIN and giving us industry high NPS scores (i.e. they recommend us to their friends at a very high rate). The gain in first year total TC is the most normalized number we have so far to communicate value.
How do we prove it works? BENCHMARKING. We conclusively prove people's skill level has increased and you see that as a Fellow on a weekly basis. It doesn't work for everyone, but it works for most people and our job is to only let in the people it will work for.
But again, this isn't a CIRR report and it's not dollar value, it's skill improvements and there's no standard for that, closest thing is the GCA and it's iffy.
P.S. People don't get $500K offers without having 6+ YOE and being at the canonical FAANG-Senior E5/L5 level correct.