u/oe_enthusiast wrote (the comment Michael replied to):
LOL any post on this subreddit with the word ‘Codesmith’ is literally the Bat Signal for that Michael guy 🤣
u/michaelnovatireplied·· edited★ FEATURED
🦇 I actually get notified for every single new post in here ;) not JUST Codesmith ones
I have a really good understanding of Codesmith and it's a well rounded one. I have had several former employees, fellows, and students tell me how spot on my analysis is. It's a bit unfair because I don't have this depth of knowledge of other programs. I know a significant amount about Lambda School/Bloomtech, and I know Rithm pretty well, then Hack Reactor okay, Launch School okay. I have Youtube videos running the background of talks from all kind of programs, bootcamps, schools, mock interviews, etc... and naturally pattern match! I also have like 8 years of quite in depth FAANG experience + 4 years running a program, and I have pretty good insight to read between the lines and connect those dots! I also have good computer skills and you'd be surprised what programs have publicly that they might not know they posted publicly from over the years that also helps paint a picture.
u/incredibleEdible23 wrote (the comment Michael replied to):
I’m sure Michael will chime in with a detailed (and valid) answer to this question soon, lol, you’ve basically just put up the Bat Signal for him.
But here are my thoughts as to why the CS starting salary is so high, as a recent Codesmith grad….
1. First and foremost, because
u/michaelnovatireplied·· edited★ FEATURED
This is pretty spot on, I don't have anything to add!
Edit: actually I have one thing to add...
The fellow program does impact the numbers a bit. You'll noticed that Codesmith's time to placement isn't particularly fast, and about 10% of people become "fellows" (kind of like a TA role) on 3 month contracts, and Codesmith delays the graduation clock for these people. So they are actually job hunting for up to 9 months to be included in the "6 month" window on CIRR.
This combined with number 6 (and to some extent 5 and 3), that Codesmith tends to attract people that had moderate to high success in another career, with substantial savings, and lifestyle support to make the 11 hour days + 6+ month job hunt work, while taking your time only aiming for "mid level and senior" roles.
Edit 2: one more thing.... related to 4.
The medians reported on CIRR are 1. of people placed only, and 2. of people who reported salaries.
So it's not like the median person who STARTED got that salary. First like 93% of people graduate, and then 85% of THOSE people get jobs, and then 95% of those people report salaries... so like the median of 70% of people who started is X.
As someone looking to join a program it is **false** to say "I have a 50% chance of making $130K!".
u/incredibleEdible23 wrote (the comment Michael replied to):
Check their outcomes for the central time remote immersive, it isn’t materially lower.
The fact is that soooo many jobs are remote you can get a pretty high paying job from anywhere.
u/michaelnovatireplied·
\+1, I don't think HCOL areas matter than much right now.
I do think their H2 2022 outcomes will tank in terms of placement rates (but their H1 2022 coming out this month will be ok still.
u/CenZen wrote (the comment Michael replied to):
Yeah, capital one stopped hiring people with less experience in December, the person making 123K in my cohort actually got hired there in a mid or junior position? Not actually sure.
u/michaelnovatireplied·★ FEATURED
Yeah everything in this thread is truth, not sure why I got downvoted. Whoever is downvoting that comment... show me the numbers and prove otherwise... nothing wrong with a 40% placement rate within 6 months, just be transparent and explain what you do and don't do.
A Codesmith alumni came to Formation and got a true senior job at C1 - due to their own hustle and drive - but it's correct they are not hiring people with no experience at entry level roles right now.
u/incredibleEdible23 wrote (the comment Michael replied to):
I’m not the one downvoting you and I’m not sure why that is happening.
But I’m not sure I agree the placement rates will TANK. I think it’s actually more likely that salaries (for codesmith grads) will go down a bit. I’m sure placement will too as some folks are willing to be p
u/michaelnovatireplied·· edited★ FEATURED
So almost 1/3rd of the people in H2 2022 have already hit the 6 month window (or fellows from H1 with 9 month window) and from what people have said, the placement rates for those cohorts are hovering around 50% and a number of people have ghosted and disappeared. I'm sure the top 20% will get jobs quickly and proudly fill out this spreadsheets with how great they did, but it's the silent people to watch out for.
When CIRR comes out I'll look with a fine tooth comb because there is one giant loophole: the auditors can use LinkedIn to validate if someone has any job listed and mark the person as placed but not have any salary to report.
So if someone ghosts the program and becomes a salesperson at BestBuy, they can be a placement but not bring down the salary metrics.
The number of people in this bucket has to be reported in CIRR and if we see this number go up from previous cohorts, it means something fishy is going on.
u/incredibleEdible23 wrote (the comment Michael replied to):
I’m not the one downvoting you and I’m not sure why that is happening.
But I’m not sure I agree the placement rates will TANK. I think it’s actually more likely that salaries (for codesmith grads) will go down a bit. I’m sure placement will too as some folks are willing to be p
u/michaelnovatireplied·
2 years later - placements rates tanked from 70% to 40%, I was right, and this person's account is suspended from Reddit. Please all - stop listening to these Codesmith garbage accounts.... it's enough.