Are programming bootcamps lying about their average graduate salaries?
-
According to Hackreactor, their average graduate salary is 110k. According to App Academy, their average graduate salary is 91k. However, according to payscale (links at bottom), if you filter by years experience: Rails developers <1 year make 60k on average. 1-4 years make 72k on average. Javascript developers <1 year make 55k on average 1-4 years make ~60k on average How can this huge discrepancy exist? Both companies were founded in 2012 so graduates must have <2 years of experience. It makes a huge difference on whether one should take a bootcamp if the average salary after graduation is only 60k whereas the tuition is ~ 12-20k depending on which bootcamp you take. http://www.payscale.com/research/US/Skill=Ruby_on_Rails/Salary http://www.payscale.com/research/us/Skill=JavaScript/Salary
-
Answer:
Nathan's answer explains away the glaring discrepancy between JS engineer salaries country-wide, and those employed in the SF Bay area. I can speak in a little more depth on how to interrogate the statistics we publish. In doing so, I'll try to answer in a style that encourages fact-checking, minimizes dependence on faith, and provides a framework for invalidating the claims upon which our statistics are based. Graduates of Hack Reactor are not only highly skilled, but benefit from a career development support system that allows them to represent their skills accurately and competitively on the market. It's also helpful that several employers have publicly highlighted the caliber and productivity of our graduates. Just a few days ago, a http://www.forbes.com/sites/anthonykosner/2014/02/15/web-apps-raise-the-ceiling-above-html5-as-famo-us-recreates-facebooks-paper/ was headlined by a single graduate's work at http://Famo.us, rebuilding Facebook Paper using an alpha framework in under a week. The best way to dispel suspicions of dishonesty with outcome statistics like this is to follow Eric's advice: "go to the source". While individuals will largely keep their salary information confidential, a tenacious investigator could use a quantitative approach to reconstruct a reasonable picture of our graduate outcomes with just a little bit of sleuthing: We will start with the twin claims on the http://www.hackreactor.com that 98% of graduates get hired, and that their average salary is $110,000. This was the premise of the original question. Next we need to understand what the 98% number means, and how it relates to the $110,000 number. I wrote about how we arrive at the 98% figure , and I also outlined the many ways in which this type of number could be fudged by bad actors. 0 - 2 students per cohort drop out for reasons including health, family, academic intensity and other related circumstances. We don't publish data on these individuals out of respect for their privacy. As for everyone else (graduates of the program), whether or not they count in the "98%", they are listed here on the http://www.hackreactor.com/students/page of our web site, along with where they currently work, and self-curated contact information. While a graduate could theoretically elect to be removed from this page, this has yet to ever happen, and as of the date of this answer, it contains everyone who has ever graduated. From this source, we can validate where everyone works through LinkedIn stalking, or in the case of a diligent reporter, by contacting all companies concerned. Once we know where everyone is working and what their job title is, we can use more targeted sources than PayScale, such as AngelList or GlassDoor, to discern the salary ranges of employees who are hired for similar positions. This would allow you to estimate most every graduate's salary at worst with a margin of error around +/- $20,000. It's best that I don't post links in this section, or suggest example companies, so as to avoid tainting the value of the exercise. Once we have everyone's estimated salary with this degree of accuracy, we can then take a stab at re-calculating the average graduate salary. This method is reliant on two claims we make: 1. That our list of graduates on our web site is comprehensive; and 2. That our total attrition rate is 0-2 per cohort. If we were found to be hiding people who graduated and have poor salaries from our directory, or if it was discovered that three or four people failed to complete a single class for any reason, then this would severely embarrass our program. With ~30 participants in every cohort, there are plenty of potential witnesses to such deception. For those approaching this question out of curiosity rather than skepticism, there's a lot of anecdotal evidence worth looking at, such as testimonials by our graduates both on http://www.yelp.com/biz/hack-reactor-san-francisco and . Consider, for example, in which he observed that among his cohort "six figure offers were the new norm". On our part, we've compiled data that gives a little more context: Included in this graph is everyone who performed anything resembling a job search, in any city around the world, including those in other countries and locales with lower US$ salaries than the SF Bay Area. Simply put, it includes everyone listed on our web site who received job offers of any kind. No one who completed Hack Reactor is in an internship. Most did not have previous programming experience when they applied. We are very much aware that these are extraordinary claims, and take the burden upon ourselves to present extraordinary evidence in support. That said, the old hedge fund disclaimer applies: "past earnings are not to be construed as an indicator of future performance". Hack Reactor is not a 'school' in the traditional sense. We don't guarantee anyone a job, certain salary or any other outcome. Those who complete our program do not leave with a degree, certification, diploma or qualification of any kind that is recognized by any employer or licensing body in any field. We consider ourselves fortunate to be able to play a part in helping people who put their faith in us to combine rewarding work with economic empowerment. Whether you are considering Hack Reactor or any other program - including far more costly undergraduate or post-graduate computer science or software engineering degree programs, I would encourage you to do some research. Don't accept claims, including ours, at face value. Reach out to graduates of recent cohorts. Dig deep into publicly available information. Look for holes. If you find anything suspicious, do raise questions on Quora for the benefit of others, or alternatively, feel free to reach out to me directly. Most importantly, however, we don't recommend that anyone look to our program with financial motivations alone. The true value in what programs like ours provide is an environment for those curious or passionate about writing software to collaborate with like minded individuals from a variety of fascinating backgrounds, wherein we all grow together as a guild of dedicated professionals. The fact that 98% of graduates who seek work in engineering find it, and are compensated with six figure salaries, is simply the clearest for of validation that we are accomplishing that over-arching goal. Edit: Our moving average has changed to $105K as of the most recent cohort update.
Ruan Pethiyagoda at Quora Visit the source
Other answers
Individual schools will have a variety of average starting salaries, but at Course Report, we did an independent https://www.coursereport.com/resources/course-report-bootcamp-graduate-demographics-outcomes-study. We found that, on aggregate, the majority of graduates of coding bootcamps are finding full-time employment, and 75% of graduates surveyed report being employed in a full-time job requiring the skills learned at bootcamp, with an average salary increase of 44%. We found strong evidence of salary growth, with respondents reporting a $25k average increase in their first job after attending a programming bootcamp. The average salary of a bootcamp graduate was $75,965. You can see other info about coding bootcamp demographics inhttps://www.coursereport.com/resources/course-report-bootcamp-graduate-demographics-outcomes-study Don't hesitate to reach out to me liz[at]coursereport[dot]com with questions about specific bootcamps!
Liz Eggleston
I went to a coding 'bootcamp' called CodeAstra in Hyderabad(India). I was in one of their last batch. I can't write a single thing which was good about the course because literally there was none. There is no infrastructure, it runs of out of utterly congested flat that smells like public toilet and there is nothing like bootcamp there. The main instructor (also the founder) seems to be disillusion about it. In span of 3 months he took 4 sessions and rest he gave us the videos to complete. That was it. Everything is ad-hoc there and most of the time he is not in campus to address the issues or clear doubts.No internet, No water, Stinking Washroom, Poor Course structure, No Guidance or mentorship and on top of that the instructor does not make effort to teach students. The first batch of codeastra was IITians so with little to no guidance they did quite well but next batches are absolute mess.My rating for code astra is 1/10.I would not recommend this Course to anyone!!!! Stay Away.
Anonymous
Payscale depends on different factors like location, experience, etc....our placement director can give you a detailed expectation of your salary after graduation based on your profile.
Lawrence Reaves
Some bootcamps have big asterisks next to their numbers. One trick is to only count "self-reported" salaries towards averages. So, they're not lying per se but you can do the math...(!) The reality is that bootcamp grads are entry-level. So, most are going to make less than the averages reported for devs. What's more interesting for them is what they'll command as devs with 2-3 experience. For them, switching into the tech industry is a smart move.
Michael Girdley
Hi there. Thanks for your question! For the past year at General Assembly, graduates of full-time programs across all global campuses have been asked to opt-in to share data about their salary when they accept their first full-time, paid role post-graduation. The average starting salary for graduates of our immersive programs is in line with typical starting salaries in their fields, ranging from $65K-$85K depending on their market & field. While salary increase will vary based on graduates professional background, the average salary increase our students see is 22 percent. While it is certainly possibly to earn more after our full-time programs, (weâve also seen some grads earn over $100,ooo in their first role post-course) since this isnât always the norm we make an effort to share average salary instead. Because we do not charge a placement fee to the company or the graduate, our sole focus is coaching our graduates to find the best opportunity of their choice. At General Assembly, the https://generalassemb.ly/outcomes is dedicated to seeing full-time students take control of their career aspirations by helping to communicate their skills, make valuable connections, and identify ideal career opportunities. This support continues throughout the course of the job search, and includes negotiation assistance as grads consider which role is best for them. Our graduates are now working everywhere from Fortune 500 companies, to growing startups, or even businesses theyâve started on their own.
Emily Pope
We recently did a comprehensive 2015 http://coding%20bootcamp%20survey/ on switchup for demographics/outcomes of the coding bootcamp industry and found: 1) 57% of graduates reported a salary increase and about a similar percentage worked in the tech industry afterwards. 2) 86% of graduates were satisfied 3) female/male split is 40/60 4) median age 27 - a few years work experience 5) 80%+ bachelor degree holders 6) less than 30% have technical STEM degrees 7) median salary was around $70k for a coding bootcamp grad Demographics of each cohort at different schools and the outcomes are also drastically different - be sure to do research extensively before hand.
Jonathan Lau
From my perspective, as a prospective bootcamp applicant, the figures offered by bootcamps are respective of the rates paid i) in their local area and ii) to graduates of those bootcamps you've picked out. The Payscale.com rates appear to be nationwide for the US, so it's understandable why there would be a gulf between those rates. The site itself shows a figure for San Francisco that is in line with what some bootcamps suggest. I'm of the impression that there's an additional premium paid to staff in the SF/ SV area, because of the candidate demand there. A lot of candidates are filtered out by the more-established bootcamps. It's in their interests to ensure the quality of candidates, because some are paid a referral fee for student hires. Other bootcamps in areas outside of SF have highlighted lower salaries. Software Craftsmanship Guild mentions a junior developer role making $40-60K in their region (http://www.swcguild.com/FAQ). I think 'lying' is a bit of a strong insinuation to make in this instance.
James Page
There are a few factors that help make sense of those numbers. Below I've outlined the questions I would suggest asking the bootcamps as well as the factors I'd use to compare outcomes between bootcamps. Location What are the average incomes for jobs in your area? It could be that $110K is standard for the micro geography. San Francisco is notoriously expensive, whereas Austin is significantly cheaper, so you would expect salaries to be very different. Ask them for the job titles that its graduates have in their roles right after the bootcamp, and then look at salary guide websites like http://www.salary.com/, http://www.payscale.com/, and http://www.glassdoor.com/Salaries/index.htm. Factoring for job title and location, how do the bootcamp graduate incomes compare to local averages? Prior Skill Level What skills did they already have when they started the bootcamp? Were they starting from scratch, or had they already completed a high number of MOOCs, courses like Treehouse, had been working in technical roles, and had an education in CS or something similar? At Launch, we admit people based on drive, internal locus of control, collaborative abilities, learning velocity and commitment, rather than solely prior experience. We want the best students, which often means we prioritize enthusiasm, focus, and humility. Some programs are 0-60 while others are 30-90; find out which is the best fit for you. This differentiation is important as it will skew salary numbers- which at that point arenât really the most important KPI (reviews and job retention would take priority in that case). Job Descriptions What were the job responsibilities that these programmers had in these jobs, and were they truly entry level programming jobs? Comparing the job descriptions of the grads to true entry level work will help you determine if the pay fits the output. You can easily find entry level job descriptions by going on the websites of tech firms in the area. Start with a site like http://inc.com to find companies http://www.inc.com/inc5000/list/metro/boston and then go to the top tech companiesâ career pages (google the name of the company and the words âcareersâ or âjobsâ to find those pages) and read up on the job descriptions. Prior Incomes What were the graduatesâ incomes and jobs before the bootcamp, and do their current roles leverage their experience (the two are correlated)? For example, lets say a programmerâs market value is about $x (for rounding and sake of argument) and a marketing analyst also shares a market value of $x. Now, what if the programmer is working for a VC backed startup making a next generation ad management platform and the employee is able to coordinate and collaborate with the product team, marketing teams, and speak with actual customers in terms they understand? Well, that person is going to be worth a lot more than $x. So, when youâre looking at those roles that people have, figure out how much their prior knowledge, experience, and ability to speak multiple business languages has an effect on incomes. For example, did they have backgrounds in medicine, mathematics, tax, law, statistics, or something else that combines well with programming and makes them more valuable? In Boston, having at least three years experience in biology, pharmaceuticals, finance, non-CS engineering (mechanical, electrical, hydro, etcâ¦), advertising, and statistics will get you a 20% to 40% income boost if you land a job with a company where your prior domain experience is relevant. Bootcamp Curriculum Design To what degree is the bootcampâs curriculum, teaching method, or âspecial sauceâ accelerating the learning and boosting incomes above what youâd expect? This one is kind of tricky to answer, but essentially what youâre trying to figure out is the difference between what a competent programmer would earn on their own if they just showed up in that community, versus what the school is teaching that is specifically geared to hiring companies it has relationships with. For example, here at http://www.launchacademy.com/ we maintain close relationships with a number of managers and leaders at hiring companies to make sure that our curriculum is aligned with the needs of the companies. When those companies show up for career day, they can assume that the risks and unknowns of interviewing (technical competence, cultural fit, adaptability, learning velocity) have been eliminated due to the curriculum. They also gain comfort in knowing that our smaller, more intimate cohorts which we hold one at a time and only quarterly, allow for us to have a more agile approach to our curriculum so that we are able to adapt to market and technology changes faster.
Evan Charles
I'm one of the Dev Bootcamp students Jonathan mentioned who was accepted into ThoughtWorks University (hey Jonathan!!!). My starting salary was in line with the bootcamp ad promises that I've seen, so I ended up getting the best of both worlds - competitive pay and a remarkable apprenticeship experience. Having said that, starting a career in web development has not been an easy undertaking for me. On the contrary, it has been emotionally, intellectually, and physically draining (especially during my first year as a junior dev, when impostor syndrome was at its worst). This is the why many programmers more seasoned than myself will advise you against becoming a programmer just for the salary. I don't want to dissuade you from learning to code or becoming a web dev. To be clear, I've never been happier in my career than I am right now. But the reason has nothing to do with my salary. My team and I are kind of like chefs, except we make recipes with 1s and 0s instead of stuff from the fridge. Thousands of people will consume the "dishes" we make with those recipes. If we do our jobs right, they'll love what we make and rave about it to their friends. "Chefs" like us have written apps that have reunited families, brought down governments, entertained millions of people, etc. There's honor in that. All of which is to say, I'll remember the impact I made long after I've forgotten the things I bought with my salary.
Richie Thomas
Related Q & A:
- What causes lower back pain when lying down?Best solution by cure-back-pain.org
- Is there a Job for Computer Science Graduate that does not do programming?Best solution by graduate-jobs.com
- Different doctors salaries?Best solution by eHow old
- Where to find non profit salaries?Best solution by ChaCha
- Lawyer Salaries?Best solution by eHow old
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.