I went to college and did a bootcamp.
College - 212K tuition (current) - 4 yrs - no job guarantee
Bootcamp - 18K tuition - 3 months - money back if no job within a year
Can you spot the scam?
College - 212K tuition (current) - 4 yrs - no job guarantee
Bootcamp - 18K tuition - 3 months - money back if no job within a year
Can you spot the scam?
It's as if I compared your average college with a crappy bootcamp. Let's not cherry-pick.
The number I want to see is the percentage of college grads with a BS in CS who get a (decent) job within a year, vs the percentage of people who complete a bootcamp who get a (decent) job within a year. I suspect the numbers will favor college, but I honestly have no idea.
Getting your money back sounds like a good deal, but you'd still have spent a whole year without a job, and nothing to show for it.
As someone who went both to an average university and one ranked 3rd in the country, I can tell you: The name doesn't mean much in the engineering discipline. Certainly, a CS degree from CMU will likely get you into more interviews, and they probably earn more in the long run, but the person who got his BS in CS from an average state school with a good GPA will almost certainly get a job within a year. Very few exceptions. With bootcamps, I expect that percentage is a lot lower.
As a data point, I work in a top tech company and while people from big name schools are slightly overrepresented, the majority of folks are not from big name schools. Certainly plenty of people from my average state school here have senior positions.
Personally i think neither are a scam (although 212k is ridiculous, glad i dont live in usa) just make sure you understand what they are selling and that it matches what you want.