u/No_Entrepreneur4778 wrote (the comment Michael replied to):
Thanks, while the program sounds great for more seasoned engineers, pricing structure feel very steep at $2,500/month for someone without experience versus not accepted Flag Fellowship versus the core program at a set cost of $5,000 one time. Although I get it from a profit persp
u/michaelnovati replied · ★ FEATURED
There are a couple more nuances too that aren't on the website.
All of the details change a lot as we try to create a wide range of configurations to support more people, while being fair and rational about the options. So they are all in our contract and post application flow but not on the website.
1. We have a few bundles if you want to commit to 2 or 3 months at a discount
2. If you were eligible for unlimited and chose to do the month to month, there is a cap right now too, kind of around the average of what the unlimited package might cost.
All of that said,.there is an entrance bar to month to month because we have a fairly focused thing we do.... it's a super waste of money otherwise... we need to be effective and work more often than not to get positive word of mouth and support. So we strongly discourage anyone from doing month to month who isn't doing it for the right reasons. The most common reason is that someone has a couple interviews lined up for about a month from now and they want to cram as much practice as possible before then. It's absolutely strongly discouraged to join right now if you aren't able to get interviews already on your own and we are focused on preparing you for those.
The people with the least amount of experience (typically finished bootcamp/CS degree and did a job of some kind but it didn't go well) are the ones that have been with us the longest and take the longest to place. Despite taking in a month or two longer to be interview ready, they might take a year longer to get a job. We don't have stats (and I've been really trying to find something useful and haven't yet) but the average time is probably, if I had to guess, 8 months to a year (from starting Formation). The people generally take less prestigious jobs if they take them sooner, and generally want more legit jobs if they are going slower. Some people get too tier jobs faster and some people struggle for over a year just to get any job. Whereas for our more experienced engineers, the vast majority are getting top tier jobs within months.
I wish we had a magic wand to create jobs at scale, but we don't. We prepare people for top tier companies interviews and we feel we do a great (not perfect but great) job at that, that is usually worth the cost if you need support for those interviews.