Pros
- Bootcamp-style training for a few weeks - A "free" Linkedin learning subscription. - Gets you "a job" - Gets you fintech experience.
Cons
- Relocation: you must move to a clients location often halfway across the country, usually with minimal money ($1000 or less). - Large "training fee": essentially makes you a bonded laborer. If you quit within 2 years you must pay $35,000 or possibly more by the time you're reading this. Debt bondage has been described by the United Nations as a form of "modern day slavery" and is prohibited by international law. But in the good old US of A (and UK/AUS i assume), it's perfectly legal. - Bait and Switch: They will promise you one job and give you another. For example promising a job as a software developer and then making you some kind of "analyst" or low level IT person, far from launching your career will derail your career into a permanently lower trajectory as a support analyst not a developer, as you work late nights as your coding skills slowly decay. - Poorly Paid: They promise you $45/50k but this is a lie. If you check the actual direct deposits in your bank account it comes out closer to $3000 a month and thus you are only making $36k/yr. The point is even if you quit early and have to pay a huge fee its still worth it due to the fact that a standard IT job entry level makes at least $60k-$90k so even paying the huge fee is still a net gain. Many end up figuring this out and quitting early. Bottom line, if you have skills and a sense of self worth, don't do this unless the alternative is 1 year+ of unemployment or starvation/homelessness. There are better jobs out there, and even if they are as bad at least they let you quit.
