The Lambda coding boot camp claims 86 percent of students get tech jobs. They don’t. fulligin reports
Lambda School founder Austen Allred Photo: Courtesy of TEDx/YouTube If you visit the website of Lambda School, a “boot camp” for people who want to quickly learn how to code, you’re greeted by a photograph of a grinning student with an open laptop and the encouraging words: “Your new tech career starts here.
2017 was a bit of an odd time to get into the coding-boot-camp business. The industry got going in 2011, when start-ups were in vogue, and the dominant economic narrative of the day was that high unemployment was explained in part by a “skills gap” that retraining could solve. This was the era when people wrote articles with titles like “Why Everyone Should Learn to Code,” and boot camps rushed to fill this apparent need.
However, a May 2019 Lambda School investment memo — entitled “Human Capital: The Last Unoptimized Asset Class” — written for Y Combinator and obtained by Intelligencer, tells a very different story. In a section warning that student-debt collections may prove too low, it matter-of-factly states that, “We’re at roughly 50% placement for cohorts that are 6 months graduated.
Students I spoke to confirmed that knowing that the school only profited if they were successful in breaking into a tech career was a key factor in learning to trust Lambda. The allure is that you don’t need to trust any particular authority on whether the school is good — Lambda is putting its money where its mouth is.
TLs are roughly analogous to graduate-student instructors at universities, but with far less experience with the material. Worse, they’re sometimes tasked with filling in the holes of the start-up’s curriculum development. Two dozen TLs were asked to quickly develop a new curriculum to teach React Hooks, a new addition to the popular JavaScript library.
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