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https://techcrunch.com/2017/08/26/an-insiders-take-on-the-future-of-coding-bootcamps/
2017-08-26 10:30:13
How could two coding bootcamps close while employer demand for bootcamp grads grows? The answer, in the five years since their founding, is that some schools are still at Version 1 while others continue to innovate. Here’s where the market is going: Why bootcamps exist Code schools will graduate 22,000 students in 2017, about half as many as all accredited colleges and universities combined (despite a 200 year head start). The growth comes from millions of adults who picked majors that didn’t deliver a good career, a recognition that they weren’t qualified for the job they wanted, and that employers won’t fund switching careers. Coming innovation More risk sharing. Private loans from Skills Fund and others demand schools put in escrow around 15% of tuition until students succeed. The next wave of this kind of “risk-sharing” will be with Income Share Agreements, where students pay no tuition but a fixed percent of their next job’s salary. It’s an old idea but coding…
After five years as an education entrepreneur I’ve learned, perhaps to the chagrin of my gold-seeking peers, that success will come only from those who remain harder working than the competition, more optimistic than the critics, and more dedicated than those who thought it’d be easy.
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