u/michaelnovati posted · · edited ★ FEATURED
Everyone's Favorite time of the half-year! H1 2022 CIRR Reports are starting to roll out! TechElevator, CodeUp and LaunchAcademy are live, Codesmith not live yet. First look at 2021 vs 2022 hiring climate stats and things don't look good :S
(will update as more results released)
IMPORTANT EDIT. See Tech Elevators comment below about an error on their CIRR worksheet that resulted in lower placement percentages. They claimed the percentages are actually very similar from 2021 to 2022 and the CIRR report has now been updated officially. I've stated numerous times about flaws with CIRR, for example that results are not audited before posting, or that auditors make mistakes.
**OVERALL: After Tech Elevators data correction, placement rates for H1 2022 are holding up and didn't crash that much yet! I expect H2 2022 to be much more impacted and we'll see in October.**
Notable changes Tech Elevator:
[H1 2022](https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/fe9108f4f78a4fc0a62beca2b2187c75/1/Tech%20Elevator%20National%20Live%20Remote%20Full-Stack%20Software%20Development%20H1%202022.pdf): to compare to [H2 2021](https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/eb51f850bfe841fbaed92c11b8fa5e15/1/Tech%20Elevator%20National%20Live%20Remote%20Full-Stack%20Software%20Development%20Audited-AUP%20H2%202021.pdf)
1. ~~Graduation rate on time dropped from 89% to 66%~~. IMPORTANT EDIT: TechElevator explained a mistake in CIRRs worksheet (reminder to everyone, auditing happens AFTER submission, so that's probably why a mistake could show up in CIRR). They clarified the real graduation rate in the 90s which is great and not a drop.
2. ~~A shocking only~~ (edit given context from TE) 73% of people of people said they intended to look for a job after vs 100% in H2 2021. That means that only 73% of graduates are even included in the salary and placement stats and those not intending to seek a job are excluded. IMPORTANT EDIT: TechElevator said that this number went down because many people being sponsored by their workplace to upskill. If that represents most of the people that explains the drop and is also a notable new direction they are moving in to upskill existing workers instead of training new people who are paying directly.
3. ~~45% placed in 90 days and 53% in 180 days in 2022 vs 67% / 89% in H2 2021~~ (edit given TE/CIRR error, data has been corrected on CIRR.org). This is notable because only 73% of graduates are even included in this section for H1 2022 from number 2 above. IMPORTANT EDIT: due to the error from number 1 in the CIRR worksheets, Tech Elevator clarified the actual placement rates **ARE THE SAME AS 2021, 69.1% at 90 days and 85.3%**.
4. 100% of people reported salaries/placement info so no games being played there. With CIRR, a placement can count if someone ghosts the program but is confirmed placed on LinkedIn, but their salary would be missing from salary stats and if a bootcamp is pretty sure the person is paid lowly but placed they could the bare minimum effort in contacting them for a salary, versus someone with a great placement who is ghosting.
5. Salaries for the most part were similar: median of $61K vs $65K in 2021, most notable difference is a very large drop in people earning over 90K, 15% -> 6%, which is a reflection of people taking lower paying or more junior jobs.
Notable changes Turing School:
1. Placement rates within 6 months dropped a bit (5% BE and 13% FE). So similar to Tech Elevator, placements haven't taken a large ding. The fact that backend dropped less than frontend might be a sign of the market preferring full stack generalists over pure frontend engineers for junior roles.
2. Although median salaries didn't increase that much (+$10K FE, flat BE) the distribution does appear to have more people making higher salaries.
We'll see when Codesmith releases how they have been impacted, I would expect ~~50% to in the 60~~% (edit based on TE's data error that is resolved) **\~70% to 85%** placed in H12022 and a drop to like 50% or lower in H2 2022 (which we'll see in October CIRR). I expect Codesmith salaries to remain pretty high in H1 2022, with a more pronounced spike between the lowest bucket and the upper bucket, as a number of people continued to get $140K+ jobs and more people will be taking lower paying jobs. But we'll see!!!
Note: I'm the co-founder of Formation.dev, which is not a bootcamp and we don't compete with bootcamps, (it's is a program for experienced engineers looking to level up their next job), but I want to disclose this to be transparent about bias I may have.