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Coding Bootcamp (Learn first, pay later)

 
Greenhorn
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What's up folks??

Recently, I came across - InterviewBit Academy.

It's is a 6 Months immersive online program that helps you develop your tech skills and gets you your dream job at no upfront cost.

It comes with a promise of guaranteed salary in the range of $75K - $120K once we finish the course.

Following line caught my attention.

"If you don’t get a job, you don’t need to pay a penny".



Plus, it seems they have a lot of positive reviews - https://www.quora.com/What-is-your-review-of-InterviewBit

What do you think of programs like this? For me this looks like future of the education.

Normally we need to take a loan or pay huge fees in advance to private institutions/ classes with no gurantee of job.

But with more programs like this everyone will have the equal opportunity to learn.

Would love to know your opnion on this.
 
Rancher
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You should probably read the fine print. If it's legit and it can get you a job then why not.
 
Marshal
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How much do you have to pay if you get the job?
 
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Campbell Ritchie wrote:How much do you have to pay if you get the job?

The site says "Pay us 17% of salary for 2 years ..."
 
Campbell Ritchie
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Before tax? That means whoever gets the $75000 job will be paying them > $25000. That's nearly as much as a full year's student loan and tuition fees.
 
lowercase baba
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I've heard of something similar to this at universities. Rather that give loans or grants, you agree to pay some X% of your salary for the next Y years.  There are caveats for going back to school, looking for work but not finding work, not looking, etc., but it does seem like an interesting model.

I have no idea if this site is legit or not...but the practice is not unheard of.
 
Campbell Ritchie
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fred rosenberger wrote:. . . the practice is not unheard of.

It sounds like the no‑win, no‑fee model for a lot of litigation. I have no evidence that the site is dodgy, but you must remember it is expensive. Maybe it is worth the money. I would be interested to know what the $75000‑$120000 guarantee is based on.
 
Samantha Lyons
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Campbell Ritchie wrote:Before tax? That means whoever gets the $75000 job will be paying them > $25000. That's nearly as much as a full year's student loan and tuition fees.



Max $30K. They stop colleting money as soon as the amount reaches $30K.

The major thing I like is I need to pay this money only if I get a job paying between $75k - $120K. Otherwise I don't need to pay a single penny.

Which is why I'm counting on this. I really looking forward for their entrance test.
 
Campbell Ritchie
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Samantha Lyons wrote:. . . . They stop colleting money as soon as the amount reaches $30K.

Well, that reduces the maximum cost

. . . only if I get a job paying between $75k - $120K. . . . .

So you need a job paying $120,001

I really looking forward for their entrance test.

Good luck with it. Do tell us how the course goes. A test is a good idea; it means they won't spend time teaching somebody who they think won't make the grade. I think the test will be difficult; make sure to find as much as possible about it before you sit it, and do lots of revision.
 
Greenhorn
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I would suggest you read reviews before enrolling. Here are some links I found:

businessinsider article

Medium article

Hope this helps

 
Campbell Ritchie
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Patrica Millie wrote:. . . Here are some links I found . . .

The first one reads a bit like an advert for the bootcamp, but the second is much much better
 
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