Monday, October 2, 2017

NY Times on Coding Boot Camp Closures

Recently several large coding boot camp institutes closed their doors, suggest that we may have a bursting bubble in that sector. Among them are (1) Dev Bootcamp, bought by Kaplan, with 6 schools, and (2) The Iron Yard, backed by Apollo Education (Phoenix University), at 15 campuses.

This article asserts that the average course lasts 14 weeks and costs $11,400. Some courses last 26 weeks and cost $26,000. The sector is apparently transitioning such that about half of the registrants are individuals paying on their own, and half are companies paying for employees to up-skill.

Among the difficulties are that the boot camp model only works with intense, face-to-face interactions, and therefore has difficulty scaling to modern profitability levels (contrast this with the MOOC model which seeks to cheaply automate learning for hundreds of thousands, but has failed catastrophically at trying to create success for low-skilled and remedial students). While the Flatiron School in New York has an online offering, it costs $1,500 per month, and personal instructors online throughout the day (the article includes a story of the vice president making a phone call to one panicked student).
“Online boot camp is an oxymoron,” said Mr. Craig of University Ventures. “No one has figured out how to do that yet.”

New York Times.