The overall global code school market is booming. A 2019 Coding Bootcamp Market Report predicted that this market will grow at a compound annual growth rate of +10% from 2019-2022.
We believe this growth has a lot to do with the fact that students are attracted to proven opportunities to obtain well-paying jobs. Advanced career training connects grads to promising software engineering opportunities faster and more cost-efficiently than traditional degree programs. Yep, for many students and grads of code schools, software bootcamps and more advanced software engineering schools like Alchemy, the promise of a great starting salary is a compelling force.
So, it’s no surprise that when students evaluate school options, they are often met with salary stats. The salaries earned by Alchemy grads over the past four years are impressive, and trending up. Alchemy’s 2018 grads with full-time tech industry positions bring in a median starting salary of $75K.
In fact, overall, our 2018 grads earn a median starting salary of $8,000 more annually than the starting salaries of our 2015 grads.
Better Success Rates than Traditional Schools
Students at Alchemy graduate at higher rates than students at traditional two-year and four-year colleges. According to the National Student Clearinghouse Research Center’s 2018 report which measures national student college completion rates, from 2006 through 2012, the graduation rates for students attending two-year and four-year colleges was between 61% and 66%.
In contrast, Alchemy career track students graduated at an average rate of 91% between 2015 and 2018.