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Hey! Thanks for the interest! To my mind, we're not underpricing Dev Bootcamp. Our focus in pricing is to change the risk equation for students. We want to low
by ruggeri 14y ago
Hey! Thanks for the interest!
To my mind, we're not underpricing Dev Bootcamp. Our focus in pricing is to change the risk equation for students. We want to lower the barrier to entry for the tech jobs market. We also want students to know that we are really committed/invested in them.
The big difference from student loans: students only pay us if the course actually works :-)
Our first batch students are just beginning their final projects. You can check out what they have to say here: http://appacademy.io/alumni http://appacademy.io/alumni
- telephonic 14y agoThat's fair. But then why ask the student to pay, rather than the employer?
- rgrieselhuber 14y agoSeems reasonable, you're paying for retraining into what should hopefully be a better career, in as low-risk a way as possible.
- patrickaljord 14y agoWhy do you care so much that the student has to pay? And why insist that it's just a cheaper bootcamp? That plus the fact that your account was created an hour ago makes your negativity suspicious. Sorry if I'm wrong.
- jfarmer 14y agoIt's just unorthodox, is all. It also sets up a strange dynamic if a student can't or won't pay. It would be even lower risk for the student if the hiring company paid, which is a standard practice -- referral fees as a percentage of the referral's first-year salary. 15%-20% is the standard.
- pbreit 14y agoIf you don't find a job, you don't pay. And you pay in installments over 6 months (ie, 2% of your annual salary per month). This does not seem crazy. At all.
- mgamma500 14y agoI'll agree it's so crazy its brilliant! I have been trying to self train and make it into mobile platforms for over a year now and its not as easy or speedy as I originally expected. I have very little programming experience and am looking for a more specific career change from IT break fix to mobile dev. I think this model is the perfect way out of the current long term schooling or upfront high cost boot camp that may or may not deliver. Experience is the key and this style of class seems to have lots of hands on experience. It's the perfect mix of intense focus as far as I can tell.
- ruggeri 14y agoWe think the incentives align better with this model. We want our students to take the best job for them, regardless of whether the company is paying recruiting fees. As far as recruiting fees go, when employers make a decision on salaries, they look at the total employee cost. If the employer needs to pay a recruiting fee, that goes into the cost. There ain't no such thing as a free lunch, etc, etc. :-)
- w1ntermute 14y agoMaybe you should set up some sort of subcontracting scheme - that the students wouldn't have to pay taxes on the 12.5% that they pay to you.
- Quizz 14y agoWouldn't that 12.5% be a business expense deductible against the gross income anyway? Ask a tax expert, but these costs are "business expenses" and should be deductible.
- kin 14y agocurious, what determines if the course does not work? Is there a time period that students have to get jobs post-course that determines if the student does not have to pay?
- CesareBorgia 14y agoThere will be some time period, but it will vary from student to student. We'll discuss what makes sense for each student as part of the application process.