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What happens if you can't find a job more than a year after finishing a bootcamp or career accelerator?

4 of Michael's comments in this thread · View thread on Reddit ↗

u/michaelnovati replied ·
I can speak on the side of a "career accelerator" / interview prep platform. I can't speak with the perspective of a bootcamp though. So the TLDR: It highly depends on the program. The platform I started works with people until they get a job, so it doesn't "end" ever - there's someone approaching 2 years and still doing technical mentorship every week. That said, you might feel like you got the value after a year and want the job and just having support until you get a job might not feel so great if you don't get the job after a year. If the program ended after a year and sent you on your way (which is what most bootcamps offer) then I totally understand the frustration. Feel free to DM me more about the program you did and I can give you advice or comments. Again, can't speak for bootcamps, but on the career accelerator side with Pathrise, Interview Kickstart, Coachable, Outco, I can give my thoughts on each one and give my opinions on what might help now. Finally, you attended in 2020, the market has changed 3 times over since then and any good program will keep changing 3 times over to match. So if you went to a program promising big tech jobs in 2020 and "ended" in 2021, and are still looking, I'm sorry to say that you might have to rebuild some new skills and techniques to refresh yourself for the market, rather than expect to be ready to interview still.

u/metalreflectslime wrote (the comment Michael replied to):

My brother paid $17,780 to attend Hack Reactor Remote in 2016. He could not find a paid SWE job. He went to C0d3, a free coding bootcamp, then he found a paid SWE job. After jumping to a startup, he attended Outco (he paid $0 upfront + 10% of his 1st year's salary). Then he g

u/michaelnovati replied · ★ FEATURED
Yeah I know when Formation started, Outco was a big player, along with Pathrise and IK, but a lot of benefited from the tailwinds of the market. In the toughest market, we had a notable drop in top tier placements (down to about 50% of placements from 70%ish) and first year TC increases dropped to 80K on average. I think our numbers still justify the cost of the program for us, but we can't change the market, I wish we could, but we're way too small! But that said, I can see how it's harder for the teams to say focused and motivated. Employees might leave or do new things, or there might be layoffs. I know a couple of people that did Outco that came to my company later on and they felt like it didn't have the heart in it that they expected from the past (completely anecdotal personal reflection, ask people for yourself). It's why every program is different. Like me and my partner haven't gotten a penny of salary in four years and we're all in on what we do. Are we perfect, absolutely far from it, but the heart is there at least and I hope we can make a difference.

u/that_tom_ wrote (the comment Michael replied to):

If you’re not earning a salary maybe you should try attending a bootcamp so you can get a good paying job. Turn your passion/hobby into a career!

u/michaelnovati replied ·
I don’t earn a salary from Formation but my Meta stock went up 200X from when I started which gives me the savings to not be motivated by making a salary now and the ability to dedicate my time unencumbered to what I care about to the fullest extent possible.

u/that_tom_ wrote (the comment Michael replied to):

Sounds like you’re great at stock pics! Maybe that’s a career path for you.

u/michaelnovati replied ·
I'm 50/50 on the handful of stock picks I've made. I got incredibly lucky joining Facebook when I did, and performing well enough to be granted discretionary equity several times early on. The best thing I could have done was work so hard at what I'm good at - i.e. being the #1 code committer at Facebook, and get granted special stock, rather than guess on the market haha.