2. Because of that, and for any of a number of other reasons, we may generally be overestimating how effectively these kinds of schools are educating people.
3. It's an open secret that hiring in the technology industry isn't based on aptitude, but rather on credentials and hazing rituals. Something like 3 decades of cultural development have trained developers that the most important risk they face in hiring is accepting someone underqualified, rather than passing on someone who is in fact qualified.
Given all these problems, it's not surprising that a school with a model of charging a 4-5 figure tuition in exchange for attempting to increase the likelihood of graduates employment would fail.
I actually looked at working for a boot camp once. To do so would have required more than a half pay cut. If I'm going to do that it will be as an underserved public sector educator, not a for profit company.
This was in Chicago.
Another was talking about $80K/year...in freaking Ohio.
I would love to teach more than I do, and I'm starting to work on some web courses because I've learned from corporate training that I'm good at it, but the money doesn't make sense at all.
I don't get this sentence, is this good or bad? I grew up in Ohio and for the majority of people I know there, they would be absolutely thrilled at that salary. The cost of living is nowhere near SF levels.
The "freaking Ohio" part, yeah I can understand that for a lot of parts of Ohio, but it's highly dependent on where in the state you're talking about.
Maybe I'd consider it if I owned the company. Other than that...eh.
I blame the easy investment cash that is often given based on the surface impression your company can make than on its efficiency and GAAP numbers. This promotes overhiring and reduces the role of a single developer to a point where the professional duties take a vanishingly small amount of time, so the efficiency (and hence aptitude or experience) is no longer an asset, while the ability to entertain the earlier hires becomes one of the most important requirements.
New manager training is an even bigger hole in most orgs than on-the-job entry-level engineer training.
Small companies usually have a lot more leeway here, I've been the replacement employee for a guy who only lasted a month and a half at a startup before.
After getting past my initial uneasiness around dealing with poor performers (defining poor performer as "someone the rest of the team feels is a net negative and can't trust with important features"), I'm less afraid of a not-good-enough hire (effort and conscientiousness in looking for the right solution is the most important thing I look for there), and withhold my "definitely not" calls for people I think would be truly toxic to the team's rhythm.
Why? If their hire doesn't work out, they've got a much better story - "Our hiring processes are really strict and everyone got on board with it, it must've been something else that went wrong". And when the hire does work, people at the company get to self-congratulate about how "elite" they are.
The costs of extraneous interviewing and leaving positions unfilled is borne more by the company, while the costs of making a bad hire is borne more by the hiring manager, so the hiring manager makes choices that offload costs more onto the company. Principle-Agent problem.
Could also just be saturation in general. This is not the first closing announcement in recent weeks.
The consultancy I used to work for passed on quite a few Iron Yard candidates because we were too small to have a place for them.
Good educators cost a decent amount of money, so if you have a high quality bar you're looking at a lot of (mostly fixed) costs. Add building rent + admin costs.
Public schooling costs $10k/pupil on average, and I imagine most of these code schools have a slightly higher bar.
1. Are willing to put their career on hold to teach
2. Are capable of communicating in that capacity
3. Can deal with the intensity of a code-bootcamp for very long
Does anyone in industry really count a 6-month course, no matter how intensive, as 'qualified'? It's hard enough breaking into your first job after a 3-4 year degree, most places still want more experience for their 'graduate' positions. I can't imagine it'd be easier for someone changing tracks mid-career with only a few months' coding experience.
I read a great quote once to the effect that a scalpel isn't better than a bread knife, it's just a different knife, for a different job. Don't hire a scalpel to cut bread.