There's a Bootcamp for That!

Today in the US, we have a big problem with higher education. Web dev bootcamps like the Flatiron School have emerged in the past 2 years to produce job-ready junior developers. Where did these schools come from? Do they work? And what do they imply for the future composition of our industry, i.e. software engineering?

Transcript

1. there’s a bootcamp for that!
   

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2. there’s a bootcamp for that!
   How (& Why) Web Dev Bootcamps Are
   Transforming Our Industry
   

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3. there’s a bootcamp for that!
   How (& Why) Web Dev Bootcamps Are
   Transforming Our Industry
   @mecampbellsoup
   

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4. there’s a bootcamp for that!
   How (& Why) Web Dev Bootcamps Are
   Transforming Our Industry
   @mecampbellsoup (follow me… i’ll wait)
   

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5. show of hands please!
   

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6. have you heard of a
   web development
   “bootcamp” before?
   

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7. “Education is the most
   powerful weapon which
   you can use to change
   the world.”
   

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8. let’s discuss what we’re
   going to discuss…
   

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10. 4 STORIES.
    

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11. MY STORY!
    

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12. Higher Education’s
    Story.
    

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13. The Web Dev
    Bootcamp Story.
    

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14. Our Story!
    

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15. Part 1:
    My Story
    

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23. Make Yourself Useful.
    

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27. what does my degree mean
    for me today?
    

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28. Part 2:
    HIGHER
    Education’s
    Story
    

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29. Brace yourselves for this
    economic 1-2-3-4 punch!
    

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30. 1. Per-student
    debt levels
    continue to climb.
    

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32. 2. The % of
    students taking
    out loans to pay
    for college
    continues to rise.
    

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34. 3. Student debt
    climbs, while
    expected
    earnings slide.
    

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35. (This is really the
    problem with the
    higher education US
    system today in one
    chart.)
    

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37. 4. Relative to
    other goods, the
    cost of education
    is skyrocketing.
    

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40. We just saw costs
    are rising while
    expected earnings
    are falling…
    

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41. Well, these
    numbers
    don’t look
    so bad…
    

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42. Note: The system is
    NOT broken for the
    MIT’s and Harvard’s
    of the world…
    

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43. It’s broken for the
    remaining 90% of
    American college
    students.
    

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44. Ouch.
    

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45. Quick Facts on US Education
    ❖ Nearly 1/3 of those who take out such loans eventually
    drop out of college; they must still repay their debts.!
    ❖ Overall, the six-year graduation rate for four-year
    institutions is only 59%.
    

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46. Taking on debt
    without obtaining a
    degree = dangerous
    financial recipe.
    

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47. Quick Facts on US Education
    ❖ Half of all graduates said they would
    choose a different major or school
    

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48. if we could go back in time, who
    here would choose a different
    college major?
    

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49. Think of some jobs that do
    NOT require a college
    education…
    

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50. guess: what % of college
    graduates end up working
    jobs like that after college?
    

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51. 42% of recent graduates are in jobs
    that require less than a four-year
    college education
    Source: McKinsey & Co.
    

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53. So…. Why are people still
    going to college?
    

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54. It’s the only option!
    

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58. Going to college is first class.
    Not going to college is second
    class.
    

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59. High school seniors who can't
    declare they are college
    bound are made to feel like
    failures.
    

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60. Part 3:
    The Web Dev Bootcamp Story
    

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61. A WEB DEV WHAT?!
    ❖
    What is a bootcamp?
    ❖
    How does a bootcamp work?
    ❖
    How has the bootcamp industry grown?
    ❖
    Show me some performance metrics
    (industry avg., Flatiron School…)!
    

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62. WHAT IS A BOOTCAMP?
    

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63. Coding bootcamps are intensive, full-
    time, months-long programs designed
    to train students for a full-time job as
    an entry-level developer.
    

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65. Imagine combining all those sleepless
    nights in college where you would cram
    before the exam or work for 14 hours
    straight to finish your coding project.
    

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66. That’s what a bootcamp is — intense
    learning with very little wasted time,
    and perhaps more importantly, no
    wasted information.
    

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67. Bull$%*^!
    

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68. NUMBER OF
    HOURS
    WORKED
    MATTERS
    

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69. 504 VS. 720
    

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70. 504 VS. 720
    NYU Bachelor’s in Marketing Degree
    • 12 credits
    • 1 credit = 3 hrs. / week * 14 weeks = 42
    hrs. / credit
    • 42 hrs. / credit * 12 credits = ~504 hrs.
    total
    Source: New York University website
    

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71. 504 VS. 720
    Flatiron School Ruby on Rails Web
    Development Bootcamp
    • 12 weeks * 6 days / week = 72 days
    • 10 hrs. / day * 72 days = ~720 hours total
    Source: Personal experience & peer survey
    

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72. HOW DOES A BOOTCAMP
    WORK?
    

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75. WORK HARD.
    

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76. BE NICE.
    

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77. HOW HAS THIS INDUSTRY
    GROWN?
    

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80. In 2014, bootcamps will
    graduate one student for
    every eight computer
    science graduates.
    Source: Course Report Bootcamp Market Size Study, 2014
    

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81. BUT ARE GRADUATES
    GETTING (GOOD-PAYING)
    JOBS?
    

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83. 48 qualifying
    programming schools
    

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84. 432 responses from
    graduates
    

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86. 42% of recent graduates are in jobs
    that require less than a four-year
    college education
    Source: McKinsey & Co.
    

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88. that’s some serious dough.
    

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89. what would you do with a
    44% raise?
    

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93. So what’s going on here,
    why are these well-known
    companies hiring
    bootcamp graduates?
    

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95. 5 DEVS FOR THE
    PRICE OF 4!
    

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96. Full-time offer for
    new Flatiron
    graduate is ~$70,000.
    

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97. Full-time offer for
    graduate + 3-month
    internship is ~$90,000.
    

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98. According to the
    market, if a company
    hires a grad for $70k,
    they have a dev worth
    $90k after 3 months.
    

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99. Company A hires 4
    experienced devs
    for $90k each.
    

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100. Total dev team
     cost base ~=
     $360k.
     

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101. Company B hires
     5 graduates for
     $70k each.
     

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102. After 3 months, they
     have 5 experienced
     devs with a cost
     base of ~= $350k.
     

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103. 5 devs > 4
     devs.
     

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104. $350k <
     $360k.
     

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105. But why do WE care? I
     don’t care about costs…
     

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106. It’s all about teams.
     

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107. The days of
     isolated
     developers are
     gone.
     

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108. We’ve become too
     important for the
     businesses that
     we’re a part of.
     

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109. Bootcamp
     graduates are a
     diverse group.
     

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111. For comparison,
     today the software
     industry is composed
     of only 16%* women.
     Source: “Women in Software Engineering: The Sobering Stats”
     

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113. What does it mean for
     your career?
     

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114. More people will
     have the skills, so
     what does it mean
     to be “senior”?
     

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115. What is it going to mean
     to be GREAT at your
     job, when today you can
     be incredibly sought
     after and well-paid for
     just being competent?
     

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116. Obrigado!
     

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117. Questions?
     !
     Comments?
     @mecampbellsoup
     

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118. …
     

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