In dedication to transparency and accountability, we share our progress toward our goal of empowering people, regardless of their circumstance or background, to begin rewarding careers in technology.
BloomTech was founded on the principle of opportunity. We saw that too many people didn’t have the chance to pursue their full potential, and we have worked ever since to break down barriers between learners and well-paying careers in tech. We are proud to share what we have achieved—and this is just the beginning.
In this independently examined report, you’ll gain a transparent view of how our learners and graduates fared in 2021. Our biggest takeaway: A full 90% of our 2021 graduates have landed jobs,1 which is the highest rate in our company’s history.
This kind of success does not happen by accident. We have painstakingly built an industry-leading curriculum designed to teach the skills employers want. We support learners and graduates in the job hunt, beginning as soon as they join BloomTech and continuing until they secure a great job. And our dedicated team continually works to fine-tune our programs so that graduates of all backgrounds finish ready to work—and poised to transform their lives.
Data are critical to communicating this progress. These numbers represent enormous change for real people—people like Aaron Burns. “Just like a lot of Americans, I was living paycheck to paycheck,” Aaron remembers. With a family to provide for, he was searching for a way to build a better life. That’s when he heard about BloomTech. He joined with one of BloomTech’s no-upfront-tuition options and dove into the Full Stack Web Development program.
Day by day, he built up the skills and confidence needed to transition to a career in tech. Aaron says, “It gave me experience. It made me ready for technical interviews. It also just made me feel like a real software engineer.”
Now he is a real software engineer, making more money than he did while selling everything from vacuum cleaners to cell phones in his previous jobs. “That consistent income will help me provide the stability and the consistency I was struggling to provide for my children,” Aaron says. “I just want to be able to give my kids the world.”
Aaron’s story is one among hundreds of transformations coming out of BloomTech in 2021. This report includes both outcomes data and individual stories that show tech jobs can provide a higher salary, better earning potential, and more flexibility. As you’ll read in this report, our unflagging dedication to making BloomTech better led to huge gains in further streamlining our direct path to a tech career. As a result, more of our graduates are working in well-paying jobs, improving their lives, and contributing to the country’s economic recovery from the COVID-19 pandemic.
-Austen Allred
BloomTech CEO & Cofounder
November 02, 2022
In line with our ongoing commitment to transparency, we again partnered with the advisory, tax, and assurance firm Baker Tilly US, LLP (formerly Moody, Famiglietti & Andronico, LLP). The firm independently examined the data you’ll read in this Outcomes Report.
Numbers alone can’t tell the full story of our learners and graduates. That is why we are adding context, from statistics on the U.S. economy to individual graduates’ stories.
When we analyze the data, we see that BloomTech has further strengthened our direct path to a higher income by better meeting employers’ needs. This is underscored by three key takeaways:
We continually adjust the curriculum of our courses as well as our career support to ensure our model is aligned with market and employer needs. In 2021, we updated what we teach, how we teach it, and how we prepare learners for a successful job hunt. As a result, graduates found jobs at higher rates, faster.
We are proud of these improvements to our school, and how they make the path to a better job and better salary even more direct. These are the changes we believe had the greatest impact on getting our graduates placed, faster:
"Joining BloomTech and completing the program was the greatest decision I've ever made in my life. I don't even know the impacts that it has long-term, like I'm now saving to buy a house. I'm an engineer. And it's all because BloomTech offered such flexibility in how you can learn, when you can learn, what types of things you can do and actually achieve."
The debate on the value of college—not to mention its accessibility, or lack thereof—is far from over. Meanwhile, 2021 data demonstrate that a BloomTech education can be literally life-changing.
The median increase in salary for our 2021 placed graduates is $27,5002—and that’s just the first job after BloomTech. Since this increase in salary is greater than today’s cost of tuition, the average placed BloomTech graduate gets a return on their investment in less than a year.
We’re proud of how an investment in BloomTech pays off, especially in comparison to traditional postsecondary education. BloomTech graduates’ median increase in income far outpaces gains made from earning an associate degree: People with a high school diploma who go on to earn an associate degree earn a median $8,012 more than their previous job. The median increase in income for BloomTech graduates mirrors that of people who complete a bachelor’s degree (median $27,300 more3), but much faster. The vast majority of our graduates in 2021 completed their BloomTech course in 6 to 9 months—5 to 8 times faster than it takes the average student to earn a college degree4.
With the earning potential of many jobs within tech, this financial transformation BloomTech enables is likely to compound over time for our learners and graduates. We are incredibly proud of the opportunity to not only improve the lives of individual graduates but potentially disrupt generational patterns of poverty.
"I’m almost making three times what I was making before. That’s what’s so exciting about tech.
The opportunities, the potential is endless. This is just the beginning."
The tech field is hot. The industry added 80,000 jobs in 2021, with the greatest increase among jobs in software, programming, and web—precisely the disciplines we teach. These professions contribute to quality of life for the general public as well as the country’s recovery from the pandemic-spurred recession. In fact, technology directly contributes $1.8 trillion to the U.S. economy, or nearly 10% of the overall economy.5
We helped our graduates break into this high-opportunity, high-impact industry. We see this play out in our 2021 placement rate, which jumped 16% from 20206.
The pandemic also changed employment trends nationwide, particularly for those in technical jobs. 85% of tech workers in the U.S.7 said they have opportunities to work remotely at least part-time. Our online model uniquely positions us to prepare our learners for remote jobs. This has paid off for our 2021 placed graduates, who work in remote positions more than ever.8
Our graduates, who finish ready to work and contribute to their new employers, also helped meet the needs of our Hiring Partners. These companies partner with BloomTech to source emerging and early-career talent. Tapping BloomTech as a nontraditional talent pipeline enables them to hire highly qualified professionals of all backgrounds, instead of relying on conventional sourcing methods (and therefore competing with other companies for a limited pool of candidates).
"BloomTech really is preparing you to be a contributing employee at a tech company because it models itself [after tech companies], even when you’re a student. You can leverage that knowledge into, ‘I’m going to show up on my first day of the job and know how to ship code and know how to contribute immediately.'"
Our mission is as straightforward as it is impactful: We aim to provide a direct, low-risk path to a higher income.
This mission serves individuals wanting to build a better future as well as employers looking for highly qualified workers. By training learners in what employers most need, we equip graduates to thrive in a changing market and enable companies to grow in an increasingly competitive economy.
This is how we deliver on our mission.
Flexibility has always been fundamental to the BloomTech model. BloomTech was founded to be fully online so that a person’s opportunity was not limited to where they lived. Our remote school enables motivated learners anywhere to gain the skills needed to work for industry-leading companies.
We strive to make BloomTech even more flexible to fit the lives of even more learners. For example, in 2022 we launched CareerFlow—a new, even more flexible learning experience that draws on changes that began in 2021. Now people anywhere can learn part-time or full-time, on a custom schedule that adapts to their lives, in a way that adjusts to their needs and strengths.
By continuing to build a more flexible tech education experience, we’re opening the door to the tech industry for more people than ever before.
Carl Stimson was working as a translator in Japan when he realized that AI-powered technology would soon replace his role. He had already paid off his previous college debt and didn’t want to spend years earning another degree before finding a rewarding new career. That’s when he joined BloomTech. Since the school is entirely online, he could learn from Japan and build community with instructors, other learners, and alumni with the digital tools he’d later use on the job. Shortly after graduating, he was hired as a data scientist for the health information technology company Optum. He says, “I can technically live anywhere. It’s very flexible. It really broadens my horizons.”
We teach the skills employers want. With BloomTech, learners never have to guess at what to learn next—or question if what they are learning will ever be relevant in the “real world.” We have laid out a direct path for learners to follow, which outcomes show leads to a well-paying job in tech.
Through market surveys, conversations with employers, partnerships with hiring companies, discussions with BloomTech alumni working in the field, and more, we gain a clear understanding of what companies need from entry- and mid-level technical employees.
Then, we reverse engineer our programs to meet these needs. Our courses teach the knowledge needed and provide hands-on experience so learners graduate ready for tech roles. We also adjust curriculum as needed to reflect the most up-to-date and in-demand skills, platforms, and tools of the industry.
In 2021, we learned that employers were looking for workers with even deeper technical abilities. To update our curriculum, we:
We also launched our Backend Development course, developed in partnership with Amazon and modeled on their internal Amazon Technical Academy program, to help meet talent pipeline needs of Amazon and other growing companies. While our Backend Development learners did not begin graduating until 2022, this new course is yet another example of how we continually adapt to employers’ needs—and empower individuals to launch lucrative careers.
Colleges teach computer science, not software engineering. Unless you’re looking to hire researchers, employers are much better off hiring outside of colleges. The ROI is much higher, especially for startups. Take it from me: 60% of our engineering team came from BloomTech.
Ish Baid
Founder & CEO, Virtually
Similarly to how we design our curriculum, we reverse-engineer our career support to maximize learners’ opportunities. Via close partnerships with employers, market research, and analysis of graduates’ outcomes, we uncover the actions that lead to success in a job search. Again, this is an ongoing effort to optimize how we get our learners from their starting point to a great tech career, no matter their background.
In 2021, we expanded our career support, based on internal analysis of the steps learners and graduates took to get jobs. The analysis showed that the sooner learners started job searching—with consistency and support—the sooner they began interviewing and ultimately landed well-paying roles.
To support our learners in getting jobs faster, we incorporated job search support earlier in our programs, through personalized coaching as well as proprietary tools. Our career support helps learners and graduates:
We continue to improve our career support. For example, starting in 2022 learners can get personalized career coaching, attend networking events, and gain technical skills during our Risk-Free Trial, even before they’ve made any financial commitments.
We’re incredibly proud of our extensive and effective suite of career supports. Whereas other bootcamps’ career services do not begin until after graduation, and only 8%9 of college students visit a career services department and find the visit helpful, our career support is comprehensive, effective, and tailored to meet learners’ unique needs and strengths.
Vaibhavi Balar joined BloomTech to switch from her physical therapist job to a career in tech. At first, she felt overwhelmed by the differences in the fields—until she took advantage of BloomTech’s career support. She got interview prep, practiced taking technical assessments under timed pressure, attended networking workshops, got 1-on-1 support to rework her resume, and more. When she was interviewing for the job she wanted, she felt confident, thanks to all the help from BloomTech. She was hired as a senior systems engineer at infosys before she even graduated. She says, “That helped me a lot to stand out from the other applications. The decision to enroll in the Full Stack Development course at BloomTech landed me this job.”
Our commitment to learner success is the foundation of the entire BloomTech model. The company was founded on aligned incentives, meaning we succeed when our learners succeed. We have stayed true to that essential vision.
In late 2021, we introduced our 110% Tuition Refund Guarantee. This one-of-a-kind guarantee goes beyond any other school or bootcamp’s promise. It is also one more proof point that we are already accountable to student outcomes, as President Biden has called for10 as part of the solution to the student debt crisis.
Here’s what the 110% Tuition Refund Guarantee means: We’re so confident that graduates will get a job if they follow our program that we’re willing to not only refund their tuition but also pay them if they don’t find that well-paying job after a year of searching.11
By aligning our company’s success to the success of our learners, everyone benefits. Individuals launch rewarding tech careers; employers gain motivated and skilled workers; and BloomTech grows, enabling even more people to achieve upward mobility.
Micah Swain used to go home to his wife and two kids absolutely exhausted from a job he disliked. He’d been dabbling in data science by watching videos online, “but the progress was so slow,” Micah remembers. When he was laid off, he enrolled in BloomTech’s Data Science program, graduated, then got a job as a data scientist at DPR Construction. He says, “I’m so grateful for BloomTech for giving me the opportunity, teaching me the skills I needed, and not hurting my pocketbook so much because I didn’t have to pay anything up front. They invested in me as much as I invested in them, and I could not have asked for anything better.”
In our last Outcomes Report12, we included seven metrics important to understand BloomTech:
In data sets where it is relevant, we break down outcomes according to program (Full Stack Web Development, Data Science, and Other19) and/or program type (Full-Time and Part-Time).
This year, we are also including:
There are various reasons learners do not graduate at their expected graduation date (including lingering effects of the pandemic). Our model enables learners to take longer than originally planned or take a hiatus, and some who intended to graduate in 2021 are still working toward completing their program.
We are a data-driven company, and in 2021 we analyzed which actions during school and after graduation had the highest correlation to getting a well-paying job in tech. We wove these factors into our programs to give our learners and graduates the best chance of reaching their career goals.
We believe more rigorous academic requirements may have lowered graduation rates in the short term as learners adjusted to the higher technical bar. While we are working to raise graduation rates for all learners, we also recognize that the curriculum changes led to better preparing graduates for the job market—and therefore 2021 graduates’ higher-than-ever placement rates22.
We are committed to giving all our learners the strongest chance possible of completing BloomTech and landing a well-paying tech job after graduation. We continue to work on raising graduation rates while maintaining high standards, so our alumni graduate ready to work and contribute to their new jobs.
The addressable population for the Graduation Rate is the 1,698 Starting Learners whose Original Expected Graduation Date was in 2021, the period from January 1, 2021, to December 31, 2021, regardless of when these learners actually graduated. This population of 1,698 learners is comprised of 3 categories:
We designed the BloomTech model to accommodate multiple pathways to graduation, rather than taking a “one-size-fits-all” approach. That means the program length can vary from one learner to the next. There are several factors that can result in a learner’s Actual Graduation Date24 being later than their Original Expected Graduation Date, such as repeating a unit, going on hiatus for personal reasons, or switching from a full-time to a part-time program. We have purposefully designed our model to allow for this type of flexibility because we understand that each learner comes from unique circumstances and has different needs over the course of their educational experience.
Our 2021 job placement rates provide evidence to support a fundamental belief at BloomTech: We provide a direct path to a well-paying job. When learners and graduates followed our training and job search program, the vast majority found a job.
What’s more, they didn’t have to do it alone. Our career support throughout their program and after graduation meant they could lean on our expertise for best practices that lead to a job.
Our Job Placement Rate is calculated from the population of Starting Learners whose Actual Graduation Date was during 2021.
The addressable population of Starting Learners with an Original Expected Graduation Date in 2021 (1,698 learners) consists of three unique groups:
The 994 Starting Learners who graduated fall into one of three unique groups:
The 877 Starting Learners with both an Original Expected Graduation Date and Actual Graduation Date in 2021 fall into one of two unique groups:
Of these two groups, only Job Seeking Learners fall within the Job Placement Rate Addressable Population. The 550 Job Seeking Learners were then adjusted for an additional 128 Job Seeking Learners and 10 Unpaid/Unverified learners. These additional 128 learners had an Original Expected Graduation Date before or after 2021 and an Actual Graduation Date in 2021. Out of this total we removed these 10 learners who graduated in 2021 and got placed but we have not been able to verify their job or they received an unpaid job.
The Job Placement Rate Addressable Population (668 learners) is composed of the following groups:
The addressable population for the Job Placement Rate is 668 learners with an Actual Graduation Date in 2021 and who were Job Seeking.
90%
Placement rate for 2021 BloomTech graduates
Placed graduates found jobs faster in 2021 than they did in 202032. This outcome is welcome news for both individuals, who can begin a rewarding career sooner, and employers, who can fill openings needed to serve clients and grow their business.
We are incredibly proud of our instructors, career support team, and entire staff for enabling more people to find jobs, faster.
Time to Placement is calculated for the population of learners who were placed in jobs as of the Reporting Date. Time to Placement represents the number of days from a learner’s Actual Graduation Date to Job Placement.
Time to Placement is reported in 3 categories:
Time to Placement Addressable Population
The addressable population for Time to Placement is 599 Placed Learners33 with an Actual Graduation Date in 2021 and who were Job Seeking.
83%
Placed learners who received a job offer within 180 days of graduation
Tech hiring was strong in 2021, with a more secure economic outlook than in 2020. Long-term changes related to pandemic realities, such as the shift to doing more online, also increased demand for workers skilled in creating, navigating, and collaborating in online environments.
These economic factors may contribute to the greater proportion of BloomTech graduates working in salaried positions. We also believe that preparing learners for highly competitive in-demand roles led to more salaried offers.
Position Type Addressable Population
The addressable population for Position Type is 599 Placed Learners with an Actual Graduation Date in 2021 and who were Job Seeking.
In 2021, we saw our placed graduates’ median salary increase40. We are proud that their income is starting out higher, with the potential to grow in an industry where average salaries regularly reach six figures41. In contrast, the average college graduate earns a $55,260 starting salary42—and this is after 4+ years of studying.
Salary Outcomes reports on the salary for Placed Learners
This analysis includes full-time salaried positions, as well as other types of work including long-term contracts, short-term contracts, and internship positions. Salaries for non-full-time roles have been annualized43.
This analysis includes U.S.-based and internationally based positions. All salaries are reported in U.S. dollars; any offer reported in international currencies has been converted to U.S. dollars based on the market exchange rate at the time the offer was reported.
Salary Outcomes Addressable Population
Of the 668 Starting Learners who had an Actual Graduation Date in 2021 and were Job Seeking, 599 of these learners were subsequently Placed in jobs. The addressable population for Salary Outcomes is the 599 Placed Learners. Placed learners whose Salary Outcomes were not reported, are reported below as Unknown.
+$3,000
Increase in placed BloomTech learners' annualized salary, vs 2020 outcomes data
$27,500
Median annualized salary growth for placed BloomTech learners
Any offers reported in international currencies have been converted to U.S. dollars based on the market exchange rate at the time the offer was reported. 2020’s lower salary tiers48 (e.g., 0-10k) includes salaried international placements due to pay scale differences between regions such as Africa and the United States.
76%
Placed learners who received $50,000 or higher salary
The majority of 2021 BloomTech placed graduates work as developers/engineers. This field continues to offer opportunity, as it is projected to grow by 25% by 203152. We believe our data show that our graduates are meeting the industry’s hunger for developers and engineers.
Job Titles Addressable Population
Of the 668 Starting Learners who had an Actual Graduation Date in 2021 and were Job Seeking, 599 of these learners were subsequently Placed in jobs. The addressable population for Job Titles is the 599 Placed Learners.
BloomTech’s fully online model means that learners can gain a tech education from anywhere. Increasingly, BloomTech placed graduates can also work from anywhere, thanks to the prevalence of remote jobs.
In 2021, the trend of remote and hybrid positions continued. These location-independent roles are even more prevalent among tech jobs. Given that 7 of 10 engineers want to work remotely55 most of the time, we are proud that so many BloomTech placed graduates have found location-independent jobs.
Job Locations Addressable Population
Of the 668 Starting Learners who had an Actual Graduation Date in 2021 and were Job Seeking, 599 of these learners were subsequently Placed in jobs. The addressable population for Job Locations is the 599 Placed Learners. Placed Learners whose Job Locations were not reported, are reported below as Unknown.
Job Locations are aggregated at the state level for non-remote, U.S.-based jobs. Positions that are remote in nature have been grouped into a separate Remote category.
Our mission is to provide a path to high-paying careers for people of all backgrounds. This year’s data show we are closer than ever to the ideals of that mission.
The data in this report show that we do, in fact, provide a clear and direct path to a well-paying job. If learners follow the path, it leads to a great job. To that point, 90%58 of the people who complete our training and follow our path do secure a job—a statistic that literally everyone working at BloomTech has helped make happen.
We still have work to do. We must further support learners so even more of them graduate and take the life-changing leap into a tech career. We must also continue our work to make a BloomTech education possible for even more people.
Are you dreaming of a different job and a higher salary? We invite you to join us. Apply today to see how we can help transform your career—and your future.
Austen Allred, CEO
1 Of 668 learners with an Actual Graduation Date in 2021 and who were Job Seeking, 599 received job offer as of the reporting date: August 11, 2022
2 Salary comparison of salary earned prior to joining Bloom Tech vs post-BloomTech first placement salary of learners who reported previous salary prior to attending BloomTech and got placed
3 median salary w/ bachelor's degree = $69,381;median salary HS diploma/GED only = $42,081 Source: https://www.northeastern.edu/bachelors-completion/news/average-salary-by-education-level/
4 52 months = average time to bachelor's degree vs 6 months - 8.6 times faster vs 9 months - 5.7x faster Source: https://nces.ed.gov/fastfacts/display.asp?id=569
5 Source: https://www.prnewswire.com/news-releases/us-adds-tech-jobs-new-businesses
6 Source: Bloom Tech’s 2020 outcomes report ; Of the 1,277 Starting Learners who had an Actual Graduation Date in 2020 and were Job Seeking, 950 of these learners were subsequently Placed in jobs. Vs Of 668 learners with an Actual Graduation Date in 2021 and who were Job Seeking, 599 received job offer as of the reporting date: August 11, 2022
7 Source: https://morningconsult.com/2022/05/31/tech-workers-survey-office-hybrid-remote-work/
8 2020: 40.1% remote ; 2021: 41.1% remote
9 Source: https://www.forbes.com
10 Source: https://twitter.com/POTUS/status
11 Terms apply. All tuition types are not eligible for Tuition Refund Guarantee. Graduates must fulfill weekly career commitments in order to qualify.
12 BloomTech’s 2020 Outcomes Report covered learners who were scheduled to complete or graduated from a BloomTech program between January 1, 2020 and December 31, 2020
13 A Starting Learner is a learner who attended Day 1 of Unit 2 of the coursework
14 The date a learner is expected to graduate the program if they avoided repeating a unit or going on a hiatus; Unit is a combination of 4 sprints where each sprint is 1 week long course
15 Reporting Date: August 11, 2022
16 A learner is considered Job Seeking if they are actively working with a Career Coach, are actively searching for a job using BloomTech Outcomes products, and/or have communicated to the Outcomes team that they are actively applying or searching for a job in a technical field.
17 A learner whose Actual Graduation Date was in 2021 and who was subsequently placed in a job as of the Reporting Date
18 UX, iOS, and Android
19 Salary comparison of salary earned prior to joining Bloom Tech vs post-BloomTech first placement salary of learners who reported previous salary prior to attending BloomTech and got placed; Actual population for Median Annualized salary growth data is 527, 88% of the total addressable population
20 Management’s criterion for defining Graduation Rate is determined from the population of Starting Learners whose Original Expected Graduation Date is in 2021 and actually graduated as of the Reporting Date
- Reporting Date: August 11, 2022
- Starting Learner: A learner who attended day 1 of Unit 2 of the coursework
- Original Expected Graduation Date: The date a learner is expected to graduate the program if they avoided repeating a unit or going on a hiatus; Unit is a combination of 4 sprints where each sprint is 1 week long course
21 Of 668 learners with an Actual Graduation Date in 2021 and who were Job Seeking, 599 (90%) received a job offer as of the reporting date
Reporting Date: August 11, 2022
Starting Learner: A learner who attended day 1 of Unit 2 of the coursework
22 The date a learner is expected to graduate the program if they avoided repeating a unit or going on a hiatus; Unit is a combination of 4 sprints where each sprint is 1 week long course
23 Includes learners who got placed prior to completion of their program
24 The date when a learner successfully completes the final sprint of their program
25 The addressable population for graduation rate calculations was 1,698 learners. Due to rounding, totals may not add up to 100%.
26 Management’s criterion for defining Job Placement Rate is the percentage of learners whose Actual Graduation Date was during 2021 that have secured a job placement, as of the Reporting Date.
27 A BloomTech graduate who has been unresponsive to outreach, has explicitly indicated they are not pursuing a technical role, or has explicitly indicated they have paused their job search.
28 Learners who graduated in 2021 got placed but we have not been able to verify their job or they received an unpaid job
29 Of 668 learners with an Actual Graduation Date in 2021 and who were Job Seeking, 599 received job offer as of the reporting date August 11, 2022
30 The addressable population for job placement rate calculations was 668 learners. Due to rounding, totals may not add up to 100%
31 Management’s criterion for defining Time to Placement is determined from the Starting Learners whose Actual Graduation Date was during 2021 and were Job Seeking, how many of them were Placed within X days of graduation
32 Last year 71% of Starting Learners whose Actual Graduation Date was during 2020 and were Job Seeking, were Placed within 180 days of graduation
33 A learner whose Actual Graduation Date was in 2021 and who was subsequently placed in a job as of the Reporting Date August 11, 2022
34 The addressable population for time to placement calculations was 599 Placed Learners
35 Time to Placement Results are shown cumulatively within a given column. Each row is a subset of the following rows, so columns will not add up to 100%. For example, every placed learner who is counted in “within 90 days” is also included in “within 180 days.
36 Time to Placement Results are shown cumulatively within a given column. Each row is a subset of the following rows, so columns will not add up to 100%. For example, every placed learner who is counted in “within 90 days” is also included in “within 180 days.”
37 Management’s criterion for defining Position Type is determined from the position type of a learner's first Recorded Offer
- Recorded Offer: The job offer the learner self-reported to BloomTech or our ISA servicers
38 The addressable population for position type calculations was 599 Placed Learners. We are comparing our Position Type distribution for this year which is based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2021 with last year position type distribution that was based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2020
39 Management’s criterion for defining Salary Outcomes is determined from using the first Recorded Offer salary in USD (converted to USD for non-US salaries). Jobs that are not paid via annual salary (e.g., hourly consultants, part-time, etc.) are annualized.
40 The median annualized salary for this year placed learners is 65K vs. 62K for 2020 placed learners
41 Source: https://www.careercloud.com/news/highest-paying-tech-jobs
42 Source: https://www.thinkimpact.com/average-college-graduate-salaries/
43 BloomTech uses a standardized methodology to annualize all first placement offers.
- Any offers in foreign currencies have been converted to US Dollars at the market exchange rate on the date BloomTech received offer information
- Unless otherwise stated explicitly in the offer, BloomTech assumes 40 hours per work week and 52weeks per work year.
- For example, an offer for a non-full-time contract role at $20/hour is annualized as $20/hour * 40 hours/week
* 52 weeks/year = $41,600
44 The addressable population for salary outcomes calculations was 599 Placed Learners.
45 Based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2021
46 Salary comparison of salary earned prior to joining BloomTech vs post-BloomTech first placement salary of learners who reported previous salary prior to attending BloomTech and got placed;; Actual population for Median Annualized salary growth data is 527, 88% of the total addressable population
47 Based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2021
48 The 0-10k salary bucket includes salaried International placements that, when converted to USD, are less than $10,000 due to payscale differences. We are comparing our salary distribution for this year, which is based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2021 with last year’s salary distribution that was based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2020
49 We are comparing our salary distribution for this year which is based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2021 with last year salary distribution that was based on the first recorded offer of all Placed Learners with an Actual Graduation Date in 2020
50 Of 599 Placed Learners, 76% received $50,000 or higher first Recorded Offer salary
51 Management’s criterion for defining Job Title is determined from the job title of the learner's first Recorded Offer
52 Source: https://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm
53 The addressable population for job titles calculations was 599 Placed Learners.
54 Management’s criterion for defining Job Location is determined from the location associated with the learner's first Recorded Offer.
55 Source: https://terminal.io/state-of-remote-engineering
56 The addressable population for job locations calculations was 599 Placed Learners
57 All companies included here hired at least 2 BloomTech graduates in either long-term or salaried roles
58 Of 668 learners with an Actual Graduation Date in 2021 and who were Job Seeking, 599 (90%) received job offer as of the reporting date
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