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!
2. there’s a bootcamp for that! How (& Why) Web Dev Bootcamps Are Transforming Our Industry
3. there’s a bootcamp for that! How (& Why) Web Dev Bootcamps Are Transforming Our Industry @mecampbellsoup
4. there’s a bootcamp for that! How (& Why) Web Dev Bootcamps Are Transforming Our Industry @mecampbellsoup (follow me… i’ll wait)
5. show of hands please!
6. have you heard of a web development “bootcamp” before?
7. “Education is the most powerful weapon which you can use to change the world.”
8. let’s discuss what we’re going to discuss…
10. 4 STORIES.
11. MY STORY!
12. Higher Education’s Story.
13. The Web Dev Bootcamp Story.
14. Our Story!
15. Part 1: My Story
23. Make Yourself Useful.
27. what does my degree mean for me today?
28. Part 2: HIGHER Education’s Story
29. Brace yourselves for this economic 1-2-3-4 punch!
30. 1. Per-student debt levels continue to climb.
32. 2. The % of students taking out loans to pay for college continues to rise.
34. 3. Student debt climbs, while expected earnings slide.
35. (This is really the problem with the higher education US system today in one chart.)
37. 4. Relative to other goods, the cost of education is skyrocketing.
40. We just saw costs are rising while expected earnings are falling…
41. Well, these numbers don’t look so bad…
42. Note: The system is NOT broken for the MIT’s and Harvard’s of the world…
43. It’s broken for the remaining 90% of American college students.
44. Ouch.
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%.
46. Taking on debt without obtaining a degree = dangerous financial recipe.
47. Quick Facts on US Education ❖ Half of all graduates said they would choose a different major or school
48. if we could go back in time, who here would choose a different college major?
49. Think of some jobs that do NOT require a college education…
50. guess: what % of college graduates end up working jobs like that after college?
51. 42% of recent graduates are in jobs that require less than a four-year college education Source: McKinsey & Co.
53. So…. Why are people still going to college?
54. It’s the only option!
58. Going to college is first class. Not going to college is second class.
59. High school seniors who can't declare they are college bound are made to feel like failures.
60. Part 3: The Web Dev Bootcamp Story
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…)!
62. WHAT IS A BOOTCAMP?
63. Coding bootcamps are intensive, full- time, months-long programs designed to train students for a full-time job as an entry-level developer.
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.
66. That’s what a bootcamp is — intense learning with very little wasted time, and perhaps more importantly, no wasted information.
67. Bull$%*^!
68. NUMBER OF HOURS WORKED MATTERS
69. 504 VS. 720
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
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
72. HOW DOES A BOOTCAMP WORK?
75. WORK HARD.
76. BE NICE.
77. HOW HAS THIS INDUSTRY GROWN?
80. In 2014, bootcamps will graduate one student for every eight computer science graduates. Source: Course Report Bootcamp Market Size Study, 2014
81. BUT ARE GRADUATES GETTING (GOOD-PAYING) JOBS?
83. 48 qualifying programming schools
84. 432 responses from graduates
86. 42% of recent graduates are in jobs that require less than a four-year college education Source: McKinsey & Co.
88. that’s some serious dough.
89. what would you do with a 44% raise?
93. So what’s going on here, why are these well-known companies hiring bootcamp graduates?
95. 5 DEVS FOR THE PRICE OF 4!
96. Full-time offer for new Flatiron graduate is ~$70,000.
97. Full-time offer for graduate + 3-month internship is ~$90,000.
98. According to the market, if a company hires a grad for $70k, they have a dev worth $90k after 3 months.
99. Company A hires 4 experienced devs for $90k each.
100. Total dev team cost base ~= $360k.
101. Company B hires 5 graduates for $70k each.
102. After 3 months, they have 5 experienced devs with a cost base of ~= $350k.
103. 5 devs > 4 devs.
104. $350k < $360k.
105. But why do WE care? I don’t care about costs…
106. It’s all about teams.
107. The days of isolated developers are gone.
108. We’ve become too important for the businesses that we’re a part of.
109. Bootcamp graduates are a diverse group.
111. For comparison, today the software industry is composed of only 16%* women. Source: “Women in Software Engineering: The Sobering Stats”
113. What does it mean for your career?
114. More people will have the skills, so what does it mean to be “senior”?
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?
116. Obrigado!
117. Questions? ! Comments? @mecampbellsoup
118. …