u/Realistic_Command_87 wrote (the comment Michael replied to):
I think bootcamps can be awesome under certain conditions, but they have a duty to disclose up-to-date and accurate information about the market and their placement rates to prospective students, and they should be subject to independent audits
u/michaelnovati replied ·
In all of my research, I've seen very interesting interpretations of what placement rates mean, and accurate information about the market.
One bootcamp, said in Sept 2023 that their previous highs had two offers s day, and in 2023 they were seeing 1 offer a day. In Nov 2023 they said they are seeing an uptick and should be back at the previous high in 6 months. Then six months later they published data showing about 0.8 offers a day... even lower than the above but they are celebrating it as incredible outcomes in a hard time.
I don't think people are falling for this stuff anymore, but I could very easily see someone misled into thinking things are good now when they aren't despite recent numbers being presented.