There’s a widening gap between grads who struggle and those who succeed.
Some economists believe that this is the new normal, not just a temporary
bump. They propose that the gap will widen between new grads who possess
in-demand majors and skills and those who don’t.
Indeed, many unemployed or underemployed new graduates are enrolling
in coding boot camps so they can compete for the abundant jobs in the
technology industry or in technology-related careers in just about every
industry.
Unlike academe, in the coding boot camps, the emphasis is on crash
courses tailored to the specific skills industry is looking for and rapidly
training students for a well-paying job. The number of computer science
graduates from the coding schools is estimated to be about one-third of
the total number of computer science graduates from American universities
in 2015.
The code schools get it. They know what skills are in demand and teach
them so the boot camp grads are highly employable. Unlike academia,
where the model in most universities is to educate and drop, many code
camps have corporate relationships so they can train and place students in
high-paying jobs.
The job placement rate at Galvanize, one of the largest
coding camps, is 98 percent. To quote its CEO, Jim Deters,
“Graduation here is you get a job”