Computing jobs are the #1 source of new wages in the United States: These jobs are in every industry and every state, and they’re projected to grow at twice the rate of all other jobs.
According to code.org more than 550,000 open computing positions exist in the US, though American colleges graduated just 60,000 computer science majors into the workforce in 2018. At this rate, it would take American colleges eight years to meet current demand. Sourcing, hiring and retaining tech talent is a significant bottleneck not only for tech companies, but banks, retailers and all forms of corporate entities using technology.
The Value of a Computer Science Education
|High School graduate||$0.58 million|
|College graduate||$1.19 million|
|Computer science major||$1.67 million|
Employers’ needs for these skills is likely to intensify; the Bureau of Labor Statistics projects a 13% increase in jobs in “Computer and Mathematical” occupations between 2014 and 2024 (vs. 6% increase in all US jobs)[v]. Nearly half (42%) of employers had little confidence in traditional colleges and universities to train students with the skills needed for jobs in their industry[vi].
Code schools teach commercially valuable skills such as web development, data science, cyber security and mobile app development. Most also offer job placement services including resume and interview preparation, career days, demo days, networking and internships.
According to SwitchUp, coding bootcamp alumni on average saw a $19,485 (45.6%) salary increase in their first job after completing a program compared to the job they had pre-bootcamp. In addition, 43.7% of respondents reported a substantial salary increase of $10,000 or more after finishing a bootcamp.[vii]
After attending a bootcamp, 47.0% of respondents worked in the computer science and computer engineering industry, compared to 17.0% that worked in this field before starting a bootcamp.
edly endeavors to facilitate ISA programs to ensure accessible and flexible financing for coding school and bootcamp participants at schools with consistently positive outcomes, value-based tuition prices and career support services.
[i] Computing Technology Industry Association, Bureau of Labor Statistics
[ii] IDC “Global ICT Spending”
[iii] Hired “State of Salaries 2019”
[iv] Course Report “2019 Coding Bootcamp Market Size Study”
[v] Bureau of Labor Statistics, 2017
[vi] Hart Research Associates, 2015
[vii] SwitchUp “2018 Coding Bootcamp Industry and Outcomes Report”
[viii] Course Report “2018 Coding Bootcamp Alumni Outcomes & Demographics Report”