In today’s tech sector, there is a significant talent shortage. In 2021, it is predicted that the number of open computing vacancies will outnumber eligible applicants by nearly one million.
Companies now seem to have vacant slots that can’t be filled, whether it’s for software engineers, data scientists, or IT specialists. As the twenty-first century progresses, the demand for engineering and computing professionals will increase, increasing the tech talent gap even more.
As a result, computer science and coding Bootcamps have grown in popularity among those looking to break into the tech industry and fill one of these open positions.
The Lambda School is one of these coding Bootcamps, but is it one you should attend? It’s worth noting that the Lambda School has recently been embroiled in many scandals.
There have been allegations that the initial revisions of the program were hurried, and that student achievement rates were exaggerated.
As a result, the question arises: is Lambda School, in the end, worth the money? Are their alumni success rates as high as they claim? Is it possible to consider signing an ISA with the Bootcamp to be a wise investment in your professional development? Let’s find out:
Lambda School is a web development and data science Bootcamp that prides itself on its in-depth curriculum and top-notch instructors. Their online coding Bootcamp has a strong reputation, and their courses are comprehensive, lasting six months when taken full-time.
They were based on the premise that conventional university education is “broken,” in part because universities have little financial motivation to ensure that their graduates succeed and find good jobs after graduation.
Lambda School is a free online coding Bootcamp that prepares students to work as software engineers and data scientists. Full-time, 6-month programs are available at the computer science academy.
Students will demonstrate mastery of key frontend and backend technology, as well as computer science fundamentals, during the intensive curriculum.
Remote classes are live and interactive, with one-on-one assistance, technical mentorship, real-world product building opportunities, and regular code reviews.
Interview training, portfolio analysis, successful resume writing tips, and salary negotiation practice are all available to students at the school. Students graduate with 900+ hours of coding experience.
“Delete any possible obstacle to a world-class education and become the best place in the world to start a new career,” says Lambda School.
To achieve this goal, they use a deferred tuition model, in which students pay a percentage of their income after accepting a job, and only if they earn at least $50,000 per year. Tuition installments and reduced upfront tuition are two other options.
Prospective students must complete precourse work or entrance exams as well as have a high school diploma, GED certificate, or college transcript as part of the application process.
What All You Can Learn:
Full Stack Web Development and Data Science are the two major online programs offered by Lambda School. Both programs last six months if taken full-time (Monday through Friday, 8:00 a.m. to 5:00 p.m.), but students can also enroll part-time.
The full-time classes meet several times a year, with new class orientation and pre-course work starting every few months on average.
Courses In Lambda School:
- Full Stack Web Development:
The above tools/languages are a new technology that a traditional web-focused employer would find important and appealing, which means you’ll have a good chance of landing a job as a software engineer after graduation.
You’ll be able to create whole web applications by learning the “full-stack” (front-end, back-end, and database technology like SQL), which will be highly regarded in the tech industry and help you land a software engineering job.
I believe this will be easier to learn than a Java or other older technology-focused course/Bootcamp, and it will increase your chances of landing a job after graduation.
The computer science course at Lambda School will teach you topics like Machine Learning, Data Visualization, Databases, Statistics and Modeling, and Natural Language Processing while also introducing you to technologies like Python and SQL.
As a former tech recruiter, I believe the website of Lambda School that this work type is growing at a rate of 26% per year.
Companies, especially in the tech sector, are discovering that they need to process an increasing amount of data in order to make better business decisions and stay competitive.
For example, e-commerce giants like Walmart and Amazon are being flooded with millions of pieces of data each day related to customer buying habits, how one product performs versus another, which products are often bought together, and SO much more.They’ll rely on your experience and knowledge as a data scientist to help them to store, process, and make sense of this data.
$30,000 – Paid in full upfront or by an income-sharing agreement
There are numerous coding Bootcamps available, each with a different price tag. The Lambda School charges a tuition of $30,000, which is very high.
Despite the fact that they’ve cut their prices to $15,000 in the midst of the COVID-19 global pandemic, they’ve slashed their prices to $15,000.
Students at the Lambda School have two options for paying their tuition: all at once or in installments via their Income Sharing Agreements (ISA).
When you sign an ISA deal, you agree to pay 17 percent of your gross income for two years as soon as you earn $50,000 after graduating from Lambda.
For 9 months, 40 hours per week. 15 hours a week for 18 months.
Lambda School offers two key courses: data science and full-stack web creation, both of which are 9 or 18 months long depending on whether you choose to study full-time or part-time.
Walk Away With:
Lambda students can receive an official certificate of completion after 9 or 18 months, as well as several collaborative projects for your portfolio that demonstrate solutions to real-world problems.
Not only that, but Lambda also offers mock interviews, resume polishing, and career coaching to its students. The school will pair you with a local professional in your field who can support you with your resume, career opportunities, and building your professional network.
At the end of the day, Lambda School students will have the beginnings of an industry-leading portfolio, access to their vast and active student/alum network, a polished resume, some top-of-the-line interviewing skills, and a knowledgeable mentor who can assist them on their tech career path.
Lambda School currently offers two key courses: data science and full-stack web creation.
Lambda School students undergo comprehensive online training in the following areas as part of their data science curriculum:
- Data Visualization
- Machine Learning
- Linear Algebra
- Statistics & Modelling
- Natural Language Processing
Because of the length of time, you’ll be at Lambda School, you’ll be able to get in-depth training in data wrangling and storytelling, statistical tests and experiments, linear algebra, linear models, model comparison, applied modeling, software engineering, SQL, and databases, productization and cloud, natural language processing, neural network foundations, cutting-edge models, and more.
The full-stack web development course covers:
You’ll learn HTML, CSS, Git, UI Principles, React, Redux, React Router, HTTP/Ajax, functional programming techniques, Advanced React, state management, web applications, and a focus on back-end development—a choice between Java (Java fundamentals, web APIs with Spring, testing with JUnit) or Node (Node.js web APIs, data persistence, authentication) in this full-stack web development course.
The full-stack web development course, like the data science course, offers opportunities to collaborate on a real-world project alongside a select group of your peers.
The success rate of any Bootcamp is a critical factor in deciding whether or not to participate. Within six months, 86 percent of Lambda’s graduating students find a tech job paying $50,000 or more, according to the company. By no way is this a bad success rate.
In an investment memo titled “Human Capital: The Last Unoptimized Asset Class” for the startup incubator Y Combinator, Lambda School reports that “We’re [Lambda School] at approximately 50% placement for cohorts that are 6 months graduated,” according to a study by Intelligencer published in February of 2020.
According to the Intelligencer, the 86 percent figure is based on the first cohort of 71 students at Lambda School, and even that amount, according to a former director of career readiness, may be inflated.
If this is the case, Lambda School’s success rate is significantly lower than that of its competitors.
Lambda School Student Application Process:
The application process at Lambda School is simple and consists of creating an account, filling out an application form online, taking entrance exams, and signing enrollment papers.
You must also decide between two programs: software engineering with an emphasis on web development and data science.
Finally, you’ll choose start date and complete your application.
However, Lambda School does have a specific type of person in mind when deciding who to admit to their programs, as mentioned on their website:
Is It Worth The Price:
Is a Lambda School curriculum worthwhile? It’s a fair point, given how notorious coding Bootcamps have been in recent years. And, to be honest, Lambda School’s tuition is on the higher end of the spectrum as compared to other related Bootcamps.
Lambda School is a school that prospective students should seriously consider attending. For certain people, $30,000 is a big amount. Not to mention the increasingly contentious existence of Income Sharing Agreements (ISAs), which are popular at Bootcamps such as Lambda.
Legislators such as Massachusetts’ Elizabeth Warren have cautioned that the existence of ISA agreements could be misleading or deceptive.
In the end, whether the Lambda School is worth the $30,000 or 17 percent of your gross income for two years depends on what you hope to gain/do with your Lambda School education.
You might be disappointed if you’re only searching for a certificate that says you know web development or data science. You will be competing with college-educated applicants for any tech position you apply for.
Furthermore, as previously said, Lambda School’s progress rate might not be as rosy as their website indicates. If, as some of their internal investment documents indicate, the real success rate is about 50-60% of graduates finding a $50k/year job within six months, the prospect of forking over $30,000 becomes more troublesome, particularly given the price is two times higher than average tuition at comparable Bootcamps.
Not to mention the fact that some students from Lambda’s first cohorts said the program was hurried and underdeveloped. Many students have had to rely on self-teaching and outside support to complete their work because the teaching staff has long been criticized for being unqualified.
To be honest, if these criticisms are true, Lambda School is not worth the money, particularly because there are numerous other Bootcamps that provide similar curriculum at a much lower cost.
Who Should go to Lambda School:
Lambda School is ideally suited for someone who is completely engaged, passionate, and eager to put in the effort necessary to pursue a career in technology.
The word “gritty” is used on Lambda’s website to describe the type of student they seek: someone who will persevere in the face of adversity, do whatever it takes to excel, and devote 100 percent of their time to studying computer science and software engineering.
So, if you’re on the fence about pursuing a career in software engineering or data science, Lambda School is not the best coding bootcamp for you.
Instead, start with a less expensive and easier solution like SkillShare, which is self-paced and needs less time and money.
Then you should come back to Lambda School at a later date! There’s no point in enrolling in such a costly and time-consuming programme if you’re not sure if this is the right career for you.
However, if you’re completely committed and want to learn software engineering in an immersive, live classroom environment, Lambda offers one of the best coding Bootcamps available.
Lambda School Cost And Income Share Agreement:
The tuition at Lambda School is $30,000 USD. However, Lambda offers an Income Share Agreement (ISA), which allows students to pay no tuition upfront in exchange for agreeing to pay 17 percent of post-graduation income for up to 24 months or until the $30,000 in tuition is charged.
When a student obtains a “Skilled Position” that pays $4,166.67 or more per month, this agreement kicks in.
The ISA is Lambda’s way of putting their money where their mouth is and demonstrating that they don’t make any money until you do.
Frequently Asked Questions:
🔥Where is Lambda School located?
Silicon Valley, California is home to Lambda School. Our courses, on the other hand, are completely online. Local meetups and events can be found in a variety of cities. Students are not required to work in our offices and can attend classes from anywhere.
✔Do I have to take the first job I'm offered?
No, they don't control where you work. Since developers tend to get raises fairly quickly, they do recommend not over-optimizing your job search and getting a job as fast as possible.
💥Does Lambda School help me get a job?
They do everything possible they can! They have a full team dedicated to career development. They help you prepare a resume and portfolio, practice interviews and even help you in salary negotiation. At the end of the day though, you're the one who needs to apply, interview and land the job.
👓Will I receive a degree when I graduate from Lambda?
Lambda School is not a degree-granting institution, however, they do issue a certificate of completion Within 60 days of graduation.
👍When do my ISA repayments start?
Your ISA payments start when you’re earning $50,000 a year. If you don’t make more than $4,166 a month, the ISA automatically expires after 60 such deferred-payment months.
🔥What are the upcoming start dates for Lambda courses?
You’ll find the upcoming start dates for each course on our application page: https://lambdaschool.com/apply/
✔Is Lambda School accredited?
Lambda School is not an accredited institution. Lambda School is regulated at the state level as a post-secondary education institution.
👉What are the interest rates for the ISA?
ISAs are not loans so they have no interest.
🔥Do I need to be a US citizen to be a student?
Income Share Agreements are available to people who live in the US who are US Citizens, US Permanent Residents, or DACA recipients. Other people can still attend Lambda School by paying the tuition upfront. Almost all courses are taught on Pacific time so it's important to think about how you will adjust according to your time zone.
Conclusion: Lambda School Reviews 2021
Lambda School is worth it if you’re looking for immersive, full-time web development or data science coding Bootcamp and are willing to pay a premium for live instruction and an organized curriculum.
However, the investment is not small at $30,000, and the time commitment is significant, with full-time students needing six months before graduating.
Because of this, Lambda’s programs are best for students who are committed to learning web development or data science and feel the need for structure and guidance rather than learning by themselves.
Lambda School is not worth it if you’re unsure whether you want a career in tech, and/or are not fully committed to learning this field right.
If you enjoy learning new things and solving problems on your own, the high cost and time commitment of Lambda School are just too much for you, in my view.
Self-taught, with a few pre-recorded video courses thrown in for good measure, is much less expensive than a full-time coding Bootcamp like Lambda.
SkillShare, which I previously checked, is an example of a low-cost course platform with a low monthly fee.
Still, compared to a four-year college degree, Lambda’s coding Bootcamp is inexpensive and fast, and it’s well worth it if you want a college-like learning experience that will teach you everything you need to get a job in tech.