Are coding bootcamps the next higher ed bubble to burst?
- Bloomberg examines the bubble-bursting potential that surrounds coding bootcamps, which some officials say once offered access to in-demand computer science jobs at a fraction of the price of a college degree, but are now being frowned upon by premier companies like Google.
- California-based Coding House was shut down by the state's Bureau of Private Postsecondary Education last month, amid charges of falsified job placement rates and a multitude of allegations that graduates were unprepared for basic interview questions from computer programming firms.
- Coding bootcamps will graduate about 18,000 students this year, triple the number of graduates from two years ago. Representatives from multiple firms speaking with Bloomberg say they all but disqualify applicants from the hiring process who list bootcamp credentials on their resumes.
What is most disturbing about this emerging trend for bootcamps is that their shelf life discontinued far faster than other for-profit schools like ITT Tech and Corinthians, which enjoyed lucrative runs of high student enrollment high employer rejection rates for decades.
That these academies are being disrupted so soon suggests that the same could soon happen to smaller liberal arts colleges and specific mission-serving institutions, which could be put out of business by employer and marketplace boycotts on name and reputation alone.