There are a lot of active people on here from both Hack Reactor and Codemsith who have completed the programs in the past few months so hopefully they will chime in with direct experience. From my observations it's not good for bootcamp grads and new grads.
It's very easy to follow Codemsith OSP projects on LinkedIn and it's loud and clear when new releases come out. Keep in mind, 6 months from graduation is a long time for CIRR and GRAD... you have to look at graduates from June 2022 to get a fair, 6 months window. The hiring market was still okay back then. People who graduated in Nov/Dec have until spring to find a job to count as a placement.
I pulled up one project Svelvet on LinkedIn that has 18 employees listed. Of those, 2 had jobs listed. Now the people who finished in October still have a few months to find a job. Anyone who was a fellow at Codemsith has an extra 3 months on the clock. So even though 2 out of 18 sounds terrible you can't really judge anything until spring to see how it shakes out.
Now from my personal experiences, canonical FAANG is much harder to get interviews at as a zero experience engineer. There are little nooks and crannies here and there but it's hard. There are several top tier companies hiring that are approachable to zero experience, but very competitive. There are a bunch of very strong new grad engineers who had rescinded offers at FAANG or layoffs that are competing for those top jobs. Bootcamp grads can compete, but need to be stronger.
That said non-tech companies are hiring engineers more than ever and there are a lot of winners in bad economies that need engineers. Hedge funds and quant firms are chugging along. Usually after layoffs there is some hiring as well. So it takes more preparation, and understanding of the market to have a chance.
Maybe an analogy is going to a theme park on a super busy day. Most people who don't over prepare show up at busy times, wait forever, wait in the 60 min lines, etc... you might have a good time but you are kind of just doing your thing without a care. Whereas if you want to not wait on a busy day, you have to arrive a bit early, get your fast passes lined up and a route planned to hit the right rides at the right time. It takes a lot of preparation, experience, and trial and error to navigate that park without waiting in as many lines as the masses. But a busy theme park is a busy theme park and you'll probably have to wait a bit no matter what you do.
u/InTheDarkDancing wrote (the comment Michael replied to):
Regarding the OSP, most people aren't going to change jobs on LinkedIn until they get hired, so it should be the case 100% of the employees listed for an OSP don't have jobs (or haven't updated LinkedIn) which isn't by itself valuable information. You'd have to see the history of
u/michaelnovatireplied·
Two people on that list have new jobs. The people tab has both current and former employees sorted via an algorithm.
18 people seems right around correct for 4 cycles of Svelvet, but you could find out internally if this is correct or not, I'm just going off LinkedIn
It's definitely possible some people entirely remove it from their profiles after getting a job because it's not really a company/employment and can cause issues in a background check.
u/InTheDarkDancing wrote (the comment Michael replied to):
My understanding is the 18 people all actively have Svelvet as their current company. I went to the website where they have a list of all the contributors (https://www.svelvet.io/) and looked at the first six and three have jobs.
u/michaelnovatireplied·
I count 23 people there and 5 with jobs and yeah there are some with jobs don't list the OSP anymore on LinkedIn and don't show up on LinkedIn yeah but some people there with jobs show up on the people tab more me on LinkedIn.
People might not list their new jobs for a while though but the placements rates don't seem great right now.
u/pitotTubes wrote (the comment Michael replied to):
What are the top tier companies that are approachable with zero experience?
u/michaelnovatireplied·★ FEATURED
At Formation I just pulled upcoming interviews in Jan/Feb of all experience levels which have more than one person interviewing at: Airbnb, Bloomberg, Palantir, Uber, Microsoft, Google, Realtor, Flatiron Health, Travelers, Upwork, Autodesk, Reddit, Patreon, Expedia, Flexport, Hashi.
For people with zero experience: Palantir, Bloomberg, Realtor, Google, Reddit, and numerous people interviewing at smaller companies.
Sorry don't have great data for just this but I tried, timeboxed to a few minutes.
u/pitotTubes wrote (the comment Michael replied to):
Thanks for pulling the data. For 0 experience people does that include bootcampers or self taughter people?
u/michaelnovatireplied·
Bootcamp grads, CS grads, and self taught, but there aren't any obvious patterns between those in our small sample size
u/-01001000-01101001 wrote (the comment Michael replied to):
For people with zero experience, does Formation help/support them in any way in getting interviews?
u/michaelnovatireplied·
We have two goals. First, we want to get your skill level up to the top tier technical bar and behavioral bar. so whether you have a hard time or easy time getting interviews, you'll be able to pass FAANG level technical interviews (unless you choose to leave earlier). Second, we try to help you find the best paths possible to your target companies and try to find good fits for you. There are a lot of ways to be referred to a company, could be to a hiring manager, could be to a recruiter, could be a friend submitting your resume to a general system. Many, engineers will also come in with recruiters proactively messaging them and they need help navigating those conversations but they don't even need referrals. So it's really case by case but we don't guarantee specific interviews or have quotas or anything like that or pre-arranged positions. We have a crazy strong network of hundreds of years of FAANG level engineering and recruiting experience and no people at most companies so the strategizing and the job hunt alone is valuable, because finding the right path to a company is a lot more useful than random referrals.
That said, It's definitely much harder when you have zero experience and people tend to get positions in all kinds of ways. Sometimes referrals if it's the stars aligning. Sometimes online assessments as a screening step and doing unbelievably well on that can help. Sometimes a former bootcamp mate will be able to refer you. Sometimes it's just brute force applications. Sometimes It's the high pressure strategic application for the perfect aligning position and messaging the right people.
So TLDR; there's no magic way to get a job and our job is to leverage this immense amount of experience that we feel that you can't get anywhere else to help you in that process.
u/-01001000-01101001 wrote (the comment Michael replied to):
I see. So basically, do everything you can as an applicant to reach out to people/companies and apply, while leveraging all the support/strategy and network Formation offers. Sounds good.
Do you have any data or metrics on ‘success’ rates of fellows with zero experience? I just
u/michaelnovatireplied·
We're working on that but we don't have it right now. We work with people with full mentorship and training every week until you get a job.. like continuous sessions, tasks, a team of staff in your private channel dedicated to you. In addition, you can ramp up or down your workload week to week, take pauses, be full time or part time, and everything is scheduled around your availability. Even people with zero experience often have part-time jobs and other fields or our primary caregivers. So it's really hard to "placement rates" that make sense. I want to avoid people comparing us to bootcamps which traditionally give these 6 months after graduation rates. We don't have graduation and we don't have cohorts either.
All things considered it takes people 1 to 12 months to find a job, and usually around 6.