More CIRR H2 2021 results out! Codesmith included - with a lot to unpack! Overall lower placement rates and much higher salaries of those placed, and a few more fun things!

More CIRR H2 2021 results out! Codesmith included - with a lot to unpack! Overall lower placement rates and much higher salaries of those placed, and a few more fun things! Where to begin, so much interesting stuff in the part 2 CIRR results, focusing on Codesmith as it's the most interesting to this subreddit. Overall interesting notes (incomplete but tried to select a few things I found interesting): * By far the most interesting thing in East Coast (EC, formerly NY), salary growths were super large. Median is up to a WHOPPING $140K but more interestingly in H1: 18% of people had salary $140K+ and now \~52% of East Coast grads made $140K+, that's a massive shift! And similar to FTRI there is a dip to almost zero in $150 to $160K with \~20% in the $140K to $150K bucket and \~20% in the $160K+ bucket. So my hypothesis on this adding in my industry knowledge is that \~10 to 20 people got offers at Amazon/Capital One - who has high cash comp and was on a hiring rampage H2 2021 to H1 2022. Literally 5% of people were hired at Capital One as well based on the job titles reported. * On the other hand.... while East Coast grew like crazy in terms of salaries, West Coast remains flattish around $128K and very similar results to H1... Really curious to know this massive change in EC while flat WC. **I know everything is remote now, but there is no reason for WC to be so much lower than EC**... most of the $300K/$400K/$500K mega offers at Formation are WC based companies with WC located people (or people that move to WC). * Placement rates dropped a bit, somewhat as expected \~ 5% and graduation rates dropped a few percent but this isn't that huge of a drop. Why does this matter? Well presumably people who aren't placed are on the "lower salary" side of things. So if the zero experience market dropped off and the experienced placements were all the same, the overall numbers would go up without anything changing. * Specific note: % reporting salaries tanked for PTRI from 100% to 85%. So what this means is the percentage of people who were counted as a placement that ALSO reported their salary. Someone can count as a placement in CIRR even if they don't respond to surveys, if they can be confirmed as employed via LinkedIn. PTRI has a large growth in salary to $138K median, but it's missing 15% of placement's salaries so it's kind of meaningless.... if those placements were all low salaries (presumably they are if the people ghosted Codesmith) that would bring it back down to the old numbers. Future Predictions: * So these are people who graduated almost a year ago, it's a long time now. I think salaries in H1 2022 will be fairly similar to H2 2021, maybe a tad higher. Amazon and Capital are still hiring so I expect those base salaries to remain high... and hopefully the West Coast will catch up. * H1 2022 will start to see some people impacted by the recent market freezes. So while salaries should remain strong, percentage employed might drop 10% more. If people are taking lower paying jobs, then the percentage might stay ok, but with a bump in lower salaries. * The bar is getting higher and higher to enter as demand increases and number of spots increases less quickly. This will impact H2 2022 results. FTRI: [https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/fd518e03d92f46e5bddd5338656f888a/1/Codesmith%20Central%20Remote%20Immersive%20H2%202021.pdf](https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/fd518e03d92f46e5bddd5338656f888a/1/Codesmith%20Central%20Remote%20Immersive%20H2%202021.pdf) PTRI: [https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/d9ebbc1262f34ddcbe072ece08474441/1/Codesmith%20Part-Time%20Remote%20Immersive%20H2%202021.pdf](https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/d9ebbc1262f34ddcbe072ece08474441/1/Codesmith%20Part-Time%20Remote%20Immersive%20H2%202021.pdf) EAST COAST: [https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/a5eb9860d00545759690cb3008fc459e/1/Codesmith%20East%20Coast%20Remote%20Immersive%20H2%202021.pdf](https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/a5eb9860d00545759690cb3008fc459e/1/Codesmith%20East%20Coast%20Remote%20Immersive%20H2%202021.pdf) WEST COAST: [https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/e0e304b47f9543a2bad82d755cd889f2/1/Codesmith%20West%20Coast%20Remote%20Immersive%20H2%202021.pdf](https://static.spacecrafted.com/b13328575ece40d8853472b9e0cf2047/r/e0e304b47f9543a2bad82d755cd889f2/1/Codesmith%20West%20Coast%20Remote%20Immersive%20H2%202021.pdf) I might add more notes as discussion evolves. EDITS: From comment, breakdown of placement drops NY H12021: 94.7% graduation -> 89.4% placed in 180 days = 84.6% people starting getting placed NY H22021: 92.8% graduation -> 83.6% placed in 180 days = 77.5% people starting getting placed LA H12021: 94.8% graduation -> 85.2% placed in 180 days = 80.8% people starting getting placed LA H22021: 91.9% graduation -> 80.9% placed in 180 days = 74.3% people starting getting placed