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Codesmith posted an "Early Look" into 2023 outcomes w/ 2022 comparisons. My personal opinions and anlysis. Notable to me is both that median salary was $130K in 2022 and that it was $115K in 2023. Placement rates are missing, but I would guess much lower, for a double whammy 🥺

r/codingbootcamp

u/michaelnovati posted · ★ FEATURED
Codesmith posted an "Early Look" into 2023 outcomes w/ 2022 comparisons. My personal opinions and anlysis. Notable to me is both that median salary was $130K in 2022 and that it was $115K in 2023. Placement rates are missing, but I would guess much lower, for a double whammy 🥺 SOURCE: [https://www.codesmith.io/blog/early-look-2023-outcomes-and-analysis](https://www.codesmith.io/blog/early-look-2023-outcomes-and-analysis) DISCLAIMER: These are my personal opinions about the data. I'm human and I make mistakes, but I'm giving my quick personal thoughts and opinions the most open and transparently I can, comments and corrections with sources are appreciated. I have a long history of being around this sub and giving my opinions from the FAANG angle, and the bootcamp angle (having worked with hundreds of bootcamp grads from all kinds of bootcamps over the years). I'm the co-founder of an interview prep mentorship platform that works with people with 1+ years of SWE work experience, so I don't consider it a competitor to any bootcamps, but I'm disclosing that so you can evaluate my biases. OVERALL: We're still awaiting 2022 numbers from CIRR but we got some unaudited 2022 and 2023 numbers and as expected, they are much worse in 2023! **Main missing piece is placement rates**. I keep harping on this because almost all of the data is less meaningful without. Like if median time to offer increased by 4 weeks, but it for example 20% fewer people got offers at all, and you put them as infinity, then the median time to offer could be months longer for all we know. Despite giving fairly interesting, detailed data, they are not providing placement rates, which they have, and if I was a prospective student I would ask them and be tough if they are too vague. 2022 salaries were higher than expected and the drop in 2023 was a little more than I expected. I expected way fewer people to get jobs , but for the people who got jobs for their salaries to be the same. This is telling me that people took much lower paying jobs at less prestigious companies and it took longer to get them, so they also weren't grabbing early offers instead of waiting for a higher paying one. (LINE BY LINE DETAILS TO COME)