Let's Talk About the Outcomes Report

For a whole year, we collected the data. Then, we examined it — digging through our grad outcomes to unearth insights that truly matter. And now, we have all that information fresh and ready for you in our latest Outcomes Report, which we encourage you to read if you haven’t already. Once you do, come back here, because this post is all about what our findings mean. 

So what can we glean from this data? Let’s get into it.

The key takeaways

• The market has gotten tougher, and we can see this in our graduate employment rate, which has gone from 87% to 82%. Landing a new job has become more difficult, absolutely, but it’s still far from impossible.
• If you're primarily concerned about getting a higher salary in your new role, our data shows you’ll still get that bump, but it’s less than the increase demonstrated in previous years.
• The majority of our alums land jobs in tech positions, but outside the IT industry. Working in tech doesn’t mean working for a Silicon Valley giant.

In more detail

It’s tougher out there

To start out, here’s a graph of the US-wide hiring rate (excluding farm workers) as found by the United States Bureau of Labor Statistics (BLS):

If you mouse over, you’ll notice that 2024 wrapped up with a hiring rate of 3.4. This stat reflects the number of hires per month as a percentage of employment — basically, how many people landed jobs.

That’s not the lowest it’s ever been, but the trend is clear: the rate’s decreasing. And this has stayed consistent since our previous Outcomes Report came out. That report was based on data collected between July 2022 and June 2023, when the average hiring rate was 4.

The data in our latest edition covers the 12 months following that — July 2023 to June 2024 — during which the average hiring rate was 3.6. Comparing the two, that means the economy-wide hiring rate decreased by 10%.

This is the context in which our graduate employment rate went from 87% to 82%. To be completely above-board, though, we shouldn’t compare the 5% difference between those stats  to the 10% downturn in the hiring rate. We’re talking about a relative decrease in the economy-wide hiring rate, so let’s do the same for our grad employment rate. If we look at it relatively, then our grad hiring rate went down by 5.7%.

So it’s not just vibes — it really has gotten more difficult to find a new job. The data from the BLS and our Outcomes Report backs this up. But crucially, that does not mean it’s impossible. Just check out our student stories page to find examples of how bootcamps have powered the change for numerous people — even in this competitive environment.

The salary bump is still real, but smaller

The promise behind a bootcamp is that it'll teach you the skills you need to land a better job — one with, for example, improved work-life balance, more fulfilling work, and a higher salary. Let’s talk about that last one. Here’s the data:

There’s a lot to examine here. First, let’s look at Business Intelligence Analytics and Quality Assurance Engineering. To quote the previous Outcomes Report: 

Our Quality Assurance Engineering and Business Intelligence Analytics programs only recently graduated their first cohorts, with a number grads hired as of December 2023. Check out our next report for updated numbers…

Well, here are the updated numbers.

With more grads, we get a more realistic picture of the state of things. For example, let’s compare the latest statistics for the median salary of TripleTen QA Engineering alums to the median pay found on Glassdoor as of this writing. They match up neatly; according to that site’s data, the median total pay for an entry-level QA worker is $63,000. And keep in mind: we’re comparing against data for entry-level roles because those are the ones our grads tend to snag.

But the story of fitting the market median doesn’t continue with Business Intelligence Analytics. On Glassdoor, the median total pay for an entry-level Business Intelligence Developer is $97,000 as of this writing, whereas the median salary of our BIA alums was found to be $66,000. In addition, BIA saw this stat go down the most between reports. 

In fact, a decline in median salaries can be seen across the board. A downward pressure on entry-level salaries has been observed by other institutions as well. Here’s a quote from a Dice investigation into salary trends:

We’re not going to hide this reality or our findings that back it up — especially because the story isn’t exclusively a dire one.

See, in absolute terms, BIA grads increased their salaries by the second-highest amount when they landed new tech jobs. And in relative terms, they saw their salaries shoot up by 43%, the highest percentage climb for alums from any of our bootcamps.

So, yes, the year-over-year trend for entry-level salaries isn’t ideal. But the simple fact is that, by going for a tech bootcamp and landing a job, our grads still magnify their earning potential. And not by an insignificant amount, either.

Tech jobs aren’t only in IT

A bootcamp like TripleTen talks a lot about its grads landing jobs working in tech, but that term needs demystification_{What Is a Technical Job, and What Does “Working in Tech” Really Mean?}. Someone can have a job in which they apply their skills in web design, spotting bugs, or building business visualizations without working for an IT company. In fact, the majority of our employed grads go for these non-IT tech jobs. Let’s look at one graph two ways:

The first is for full transparency — if you want to know what the second graph’s “Not IT” is built from, all of its components are there for your examination. The second proves the point.

Tech skills don’t just matter in a MAANG company. They’re vital for companies even far outside Silicon Valley. And this is something our grads lean into, often blending their existing passions or expertise with their new digital skills to craft a unique career outside of the IT industry.

Consider Dallin Sly_{From Trucking to Coding: Dallin Sly’s TripleTen Story}, a former truck driver who wanted to switch to a tech job to spend more time with his family. After going through TripleTen’s Software Engineering program, he harnessed his passion for community and landed a job at his local board of county commissioners, where he’s working as a Programmer Analyst and thriving.

I got to meet the rest of my team, and they're just the best people I've ever met. They're all so down to earth, kind, and so willing to help. I don't think I could have found a better place to have my first job at.

Dallin Sly TripleTen grad

Or take the example of Evgeniia Unzhakova_{How an Immigrant Landed a Career in the US: Evgeniia Unzhakova’s TripleTen Story}, a former math teacher. After moving to the US from Russia, she knew she needed to find a new path — ideally, one that her background could augment. She discovered TripleTen’s Data Science program, enrolled, and merged the know-how from her previous career with new data skills. After graduating, she was hired at University of North Carolina at Chapel Hill as a Research Analyst.

So you don’t have to imagine a tech job as one in which you’re going to be hunched behind a desk at a Big Tech company. You can imagine far wider possibilities and make them real — just like our grads have.

How we’re responding to the new realities

We know the state of the job market. We also know that grads like Dallin and Evgeniia continue to achieve career transformations by putting in the work of learning tech at TripleTen. And we’re going to make sure that mastering a tech field with us will keep powering the professional pivots our students are looking for. 

Here’s how we’re already taking action in light of our findings:

Find out more by talking to an expert

But if you want to find out more about our programs or have your specific questions answered, book a call today.