u/ProfessorPlum168 wrote (the comment Michael replied to):
That’s the question though. When is it worth it? Is there a scenario where it is worth it? I personally think it’s a scam.
u/michaelnovati replied · ★ FEATURED
Well for Formation, the average placement **increases** their first year total comp by over $100K (see our website for how that's calculated).
Now granted most people are non-FAANG ->FAANG and FAANG -> FAANG is different.
But if you are a little lost or struggling on your interviews, then paying like roughly $10K to be handholded through the preparation process and then handholded through negotiations to increase your offer by more than $10K typically can be mathematically sensical.
The reason we don't charge $100K is because it's impossible to know what the same people would do on their own and presumably they can get prepared for free or cheap too, so how much of that is attributed to Formation? I don't know, that's up to you, but if they typical increase is THAT much and the negotiation support pays for it, it's definitely not a scam or insane to do it.
It's more a personal choice - if you want to do it alone, how much time and effort will it take and do you want to do that. A lot of people don't and they stay at their jobs and that's totally fine. A lot of people don't and want to cram Hello Interview and LeetCode for free, and that's totally fine too.