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The Rise Of The Tech Bootcamp | A New Way To Educate

The Rise of the Bootcamp in the Tech Industry is real. More people are opting for Tech Bootcamps over university degrees. But why? Here are the reasons.

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Uvaro

Aug 23, 2022

At Uvaro, our Bootcamp can provide you with a solid foundation in the tech sales field. The skills you'll learn are practical, up-to-date, and will help you. Turn your ordinary 9-to-5 job into a thriving, fulfilling career.

Statistics show that the average entry-level salary for Bootcamp graduates hovers around the $69,000 mark. That's a significant difference above the average salary for tech workers who earn a degree from a university. The average salary for new grads starts at around $60,000.

Similarly, the average job placement rate for a coding Bootcamp is 83 percent. While the average job placement rate for someone with a computer science degree can reach as low as 61 percent.

Without a doubt, those two facts alone point to why intensive-learning programs like ours grow at a level not seen in over a generation. The assumption that the fastest route to financial success is to earn a bachelor's degree doesn't seem to coincide with the facts anymore.

At the time of this writing, the secondary education system – the old way of preparing students for tech careers – is in the throes of a seismic pedagogical shift: the rise of the tech Bootcamp. The question moving forward is: what's the best way to train a 21st-century workforce as the pace of technological innovation keeps disrupting entire industries – and ways of thinking too?

But Why Do People Love Bootcamps?

In our experience, students who join our program love the time they spend with us. The reasons vary and are many. But they all boil down to time - choosing an intensive learning program over a four-year college degree, saves time, especially for those who are in the mid of changing careers.

At Uvaro, we are hands-on and focused on teaching the skills you'll need to thrive in tech sales, compared to other sales training programs. We don't spend two years discussing theory and engaging in academic exercises. Instead, we help you sharpen the skills you'll need on the job from day one.

Over the last five years, the number of Bootcamp graduates and attendees has skyrocketed. In 2017, statistics compiled by CareerKarma showed that 3,128 students either graduated or attended an online coding Bootcamp; today, that figure has increased to 7,301 as of 2020. To provide context, here's what we think explains why so many people love tech boot camps nowadays.

Why people prefer tech boot camps.

1 - Niche Learning

Programs like Uvaro help you learn a core skill – tech sales – without the fluff. We provide all of the relevant training and education that employers are actively looking for in the sales field, not what we think employers want.

That's a remarkable difference between the way we operate and the way a college works: we go the extra mile to find you a job after you graduate. Simply put, many major universities don't do the same. Some try, but the job placement statistics strongly suggest that their model just isn't as effective anymore.

2 - Shorter Lessons, Less Time Required

Also, we've discovered that students excel the most when we provide short micro-learning formats that don't require a lengthy time commitment. At a college earning a degree takes several years, if not longer. And if you choose to attend graduate school, that's more time & money invested! But Bootcamps only last - at most - a few months.

For career changers with no time to spare, that's too much of a benefit to downplay because when you're changing careers after college, you don't have time to commit to another four years of learning.

Mortgages have to be paid on time, and student loan payments are already high enough without incurring more debt that's harder to repay!

3 - Cost

When speaking about the cost of education, Bootcamps are superior to universities because they cost much less and better prepare you in the end.

Earning a bachelor's degree in computer science usually costs anywhere between $40,000 and $100,000 - if you attend the college out-of-state. But the cost of a tech Bootcamp averages out to about $13,000 for in-person instruction and job training.

An online Bootcamp typically costs slightly more at $14,500. So what's different about tech boot camps that makes them cost more?

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What are the common differences between Bootcamps?

Since the tech boot camp business is still reaching maturity, it's vital to know what to expect before applying and committing a single penny towards the program. Still, generally speaking, tech boot camps differ based on:

  • Learning format
  • Price structure
  • Career support
  • Curriculum

To illustrate these distinctions, here's a breakdown of what a tech Bootcamp might look like.

1 - Learning Format

Format-wise, our students choose to attend either in-person or attend classes online. Both are equally legitimate, so the choice boils down to which type of learning you enjoy the most. Not everyone learns by sitting in a crowded, murmuring lecture hall for 15+ hours a week.

Another facet is that some Bootcamps offer training all day for a week. This certainly qualifies as intensive learning for those who can handle that level of knowledge. Also, some Bootcamps hold classes much like a college does with courses on the same day at the same time every week. The flexibility of the format is the main distinction between intensive learning programs.

The fact of the matter is that students perform best when they're working within a structure they're comfortable using. Not everyone has the self-discipline and dedication to wake up and watch an online class. Some require a more structured learning format with clear milestones like mid-term testing and other ways to mark progress. Either way, at the end of the day, it all depends on what the boot camp believes will prepare you best.

2 - Price Structure

We understand that the price of boot camp may still be prohibitive for some if there's no guarantee of a job after graduation. Thankfully, tech Bootcamps like Uvaro's have a very high job placement rate when you search for in-demand positions like sales development representatives. Besides, paying for secondary education is always challenging for those who can't finance their education upfront, yet tech Bootcamps can have unique pricing structures.

One example is an income share agreement to pay for the program. Basically, an income share agreement (ISA) is another way to finance education without taking out a traditional student loan through a private lender or the federal government.

The Bootcamp sets the terms for repayment of tuition after job placement. The contract will dictate the duration of the agreement and establish a minimum income threshold, usually around the $42,000 mark. On average, most ISAs last for 38 months after graduation. Furthermore, another way to pay for a Bootcamp is to purchase a subscription. This price structure is popular among online Bootcamps because it gives students more flexibility financially.

Practically speaking, students can also learn at their own pace in a subscription model without having to pay monthly or weekly. The learning can be spaced out if paying for the subscription is an issue. Although it's not as popular as other pricing structures, we have seen tech Bootcamps require payment upfront to receive any services. Still, these Bootcamps aren't as widespread as they once were.

3 - Career Support

Career support is truly where tech Bootcamps outperform bachelor's degree programs. Traditionally, the game plan is to pay for college either out-of-pocket or with grants and loans, learn for four years, and then find a job on your own.

Career Support

In recent times, universities have made strides towards job placement by holding job fairs and offering career advice. But none of those efforts have moved the dial. The numbers still show that many graduates struggle to find their first job; many give up and accept positions outside of their field that didn't even require a degree in the first place!

But Bootcamps are different, so much different. When you attend a program like ours at Uvaro, we'll help you write resumes, give job interview tips, and provide career coaching. When you join our tech Bootcamp, we can also present you with opportunities you won't find anywhere else.

No matter how you analyze it, career support is where intensive learning programs are significantly more effective than a university degree program. As we mentioned previously, most Bootcamp graduates get jobs in their field, yet only about half of college graduates actually work in their field of study after graduating.

4 - Curriculum

The final difference between Bootcamps is their curriculum structure, which will depend on the program's learning format. For instance, online-only Bootcamps will include a self-paced element to the instruction; an in-person program may be more like a classic classroom environment.

Besides, there's a vital question when attending any educational institution: are you actually learning skills that'll help you find work and succeed in that role? Or, are you merely learning theory with no practical application from day one?

The nuances of cold calling are a prime example of the difference. It's a skill that you won't be able to learn on your own if you take online-only classes with no guidance or mentorship. Will you really be learning the skill if you rehearse it yourself with no feedback? We believe the answer is no. No, you won't learn cold calling skills on your own, no matter how in-depth the online lecture is.

Cold calling requires hands-on coaching not to feel discouraged and understand the ultimate goal: either closing the sale or working the prospect through the sale pipeline. If you've never worked in sales before, we understand that may not make much sense, but we promise it'll all come together if you choose our tech sales Bootcamp.

Bonus skills

Another type of skill you won't learn in college is using specific technology platforms like SalesForce or Google Analytics. Universities give you a well-rounded education and can't spend too much time on designing courses for software solutions that, by definition, constantly evolve.

But Bootcamps have the agility to keep pace with changes no matter how revolutionary; the traditional pedagogical paradigm simply can't keep up with the pace of technological innovation in the 21stcentury.

In the end, the rise of the tech Bootcamp will continue over the foreseeable future, no matter how much universities adjust their policies. The tech industry's job market simply appears to be drifting away from the old ways of thinking, opening up new opportunities to reimagine education.


Uvaro's Tech Sales Bootcamp

It's truly our pleasure to see so many of our boot camp graduates move on to lucrative careers even in the midst of a global pandemic. Without the dedication of our staff, Uvaro's Bootcamp wouldn't be as successful at helping career changers start over in tech sales.

If you're interested to learn more about a tech sales career, apply to Uvaro's Bootcamp program now! Contact us to learn more about the program or even hire a Uvaro graduate today!

TAGS
Sales Training
Tech Sales
Industry Trends

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