If the goal is to get a high-paying coding job as quickly as possible, bootcamps look good. Would be interesting to look at longer-term trends in a few years - career advancement, job type, management level, industry within tech, etc.
> CS graduates going into other fields [like finance]
Finance is just like every other high-professional industry, they train you for what you need to know because they are invested in your success. I worked in that industry for 6 years. Most banks run a 2-3 month internal bootcamp for fresh college hires. I was a math/econ double major and sat next to an english lit major in my class. My brother was a poli-sci major and went straight from college -> bootcamp -> Goldman Sachs as a developer.
I think people greatly overestimate the value of their major (excluding those going into academics). My personal experience in finance and tech is that Finance and CS majors are the absolute worst about overvaluing their education. 2 years of work experience^ erases any "superiority" of an industry-specific major compared to an art history major (all else equal).
^ I've done a fair amount of mid-level hiring. I've told people in the past that mentioning your major in an interview after 2 years of work experience is a strong strike #1 to me. If your major is still relevant to your ability to do a job, I generally assume your recent work experience has been worthless.
College:
30 weeks
40 hours per week
4 years
= 4800 hours
49 weeks
50 hours per week
2 years
= 4900 hours
This seems like a left turn from my comment. Nowhere did I say bootcamps are a replacement for formal education. I was comparing the value of time in the workforce vs. time spent in school. I was discussing finance majors who, shockingly, also do internships. I don't know anyone that took a bootcamp as a replacement to a college education, so I'm not sure where you pulled any of this from.
> I don't know where you work that a developer working "only" 50h weeks is "generous" but I hope I never find myself applying there.
Maybe my part of the world is unique, but I've never worked less than 50 hours per week in my 10 years and I honestly can't say I know anyone that does excluding people with "non-professional" jobs.
Some of the stats in the thread seem to indicate that a not insignificant minority do self employ or consult.
I say this as someone who just went to college because that's what you do and only got into software because my degree led to a $10/hr job which could not pay rent and student loans. If I had gotten 25 or 30 an hour there's a good chance I never would have had the impetus to teach myself anything
I wasn't, I explicitly said I can't speak for finance majors. My point I would not consider 2 years of work and a 4 year CS degree from a well-regarded school to be equivalent for technical hires.
(This is at a state school in the US.)
Seriously, that's insane. I've never heard of anything even resembling that.