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Lambda School wants to teach nursing

economist.com

71–80 of 137 posts

Re: Lambda School wants to teach nursing

#71
post #16

I am skeptical that these income sharing agreements are so great. Especially in software. Lambda School has a 9 month program that takes a 17% cut of your salary for the first 24 months of employment with a cap at $30,000. Which many students in software will hit, especially in high COL areas. It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months…

The comments in this thread also don’t account for internships. In CS you can make 20-30k in a summer and it is common to do multiple over your college career.

Re: Lambda School wants to teach nursing

#72

Earlier quoted context omitted.

Then the reporter seriously misled me about what you said, and I apologize. I'm curious about the real breakdown between marketing to students and hospitals, overhead and executive pay, and instructor pay, but I can understand if you don't want to reveal that.

Right now our marketing budget rounds to zero. We have a growth team that is mostly focused on making sure the admissions funnel runs smoothly, and get about 1,000 organic applications/week. We have ~80 full-time employees and about 200 part-time. 40 of the full-time and all 200 part-time are dedicated to teaching/career coaching.

[deleted]

Re: Lambda School wants to teach nursing

#73

During my time at Lambda School, seeing people's quick arguments against it have drastically lowered my priors on how correct "hot takes" are likely to be in general. Sort of like reading a newspaper article about your area of expertise for the first time, and realizing how many inaccuracies all newspaper articles must have. There are places for skepticism but the actual critiques made are shockingly wide of the mark…

How is Lambda School going for you?

I graduated two weeks ago and got a job offer, and am overjoyed by the fact.

I think if I asked myself at the beginning, what's the most you can hope for in going to Lambda School, my expectations were met by the education quality and the follow-through from the outcomes team. It's not perfect but the incentive structure forces constant improvement in the factors that matter most for getting us hired.

People point out it's not a CS degree and they're right. But the staff manages to teach concrete skills to get students hired, and the CS, data structures, algorithms stuff in the curriculum is taught well enough and with enough enthusiasm that it gives students the basis to be conversant with CS concepts and continue growing forward.

It might not work for everyone; some people are going to struggle to become programmers. But Lambda is trying their hardest to make it work for as many people as they can, and their heart is in the right place. And it is structured so if it doesn't work for a student their downside is hedged. Due to the $50k/industry-specific cutoff for repayment, the downside of going to Lambda but not making a career transition will be least harmful to the least advantaged students.

Re: Lambda School wants to teach nursing

#74
post #16

I am skeptical that these income sharing agreements are so great. Especially in software. Lambda School has a 9 month program that takes a 17% cut of your salary for the first 24 months of employment with a cap at $30,000. Which many students in software will hit, especially in high COL areas. It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months…

> To me, these income sharing agreements and bootcamps seem like not great deals when you look at instruction time per dollar.

if that's your metric, universities lose out wildly to all of the free education available online.

> It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year

also a meaningless comparison; a freshman year of school alone doesn't get you anything.

Re: Lambda School wants to teach nursing

#75
post #46
post #16

I am skeptical that these income sharing agreements are so great. Especially in software. Lambda School has a 9 month program that takes a 17% cut of your salary for the first 24 months of employment with a cap at $30,000. Which many students in software will hit, especially in high COL areas. It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months…

I am a self-taught junior web developer after a career change at 37yo. I always have the impression that this perception that Lambda's model is not good always come from people in more comfortable positions that are not even close to the reality of who actually applies for Lambda. I am from Brazil and did the career change two years ago, so there wasn't actually the option to do Lambda School for me. But it would be…

This is a very good point.

It is not simply about sticker price.

It is about _risk_. You as the individual burden all the risk if you take a loan (or not) and pay upfront.

Here, even if your analysis is correct that you pay more, you must adjust it for risk. In finance this is your risk-adjusted return, but the same concept applies here.

Re: Lambda School wants to teach nursing

#76

Earlier quoted context omitted.

How is Lambda School going for you?

I graduated two weeks ago and got a job offer, and am overjoyed by the fact. I think if I asked myself at the beginning, what's the most you can hope for in going to Lambda School, my expectations were met by the education quality and the follow-through from the outcomes team. It's not perfect but the incentive structure forces constant improvement in the factors that matter most for getting us hired. People point ou…

What was the worst part of Lambda? What are we really bad at?

Re: Lambda School wants to teach nursing

#78
post #51

Earlier quoted context omitted.

Hi, I'm a doc. Just wanted to add a few corrections: The AMA (American Medical Association) has nothing to do with residency slots. Residency slots are funded by CMS. I am in a shortage speciality, and we have been pushing for more residency slots for a long time. While there are probably some physicians who are self-interested enough to oppose this, I think it's unfair to characterize them as even a significant mino…

There are tons of highly qualified doctors in other developed countries (EU, Australia, etc) who could earn more in the US, what stops them from practicing here if we have a shortage?

they're not licensed to practice medicine in the US. and last i checked they can't transfer their licenses easily, or at all.

Re: Lambda School wants to teach nursing

#79

Earlier quoted context omitted.

Then the reporter seriously misled me about what you said, and I apologize. I'm curious about the real breakdown between marketing to students and hospitals, overhead and executive pay, and instructor pay, but I can understand if you don't want to reveal that.

Right now our marketing budget rounds to zero. We have a growth team that is mostly focused on making sure the admissions funnel runs smoothly, and get about 1,000 organic applications/week. We have ~80 full-time employees and about 200 part-time. 40 of the full-time and all 200 part-time are dedicated to teaching/career coaching.

> We have ~80 full-time employees and about 200 part-time. 40 of the full-time and all 200 part-time are dedicated to teaching/career coaching.

What does this mean? I was interested in a breakdown between "people who teach students" and "people who sell stuff," and I don't see how "marketing" and "growth team" differ. As far as I can tell, you're saying that you hired 40 coders, 200 temps as teachers, and 40 salespeople to pitch them to employers ("career coaching").

Re: Lambda School wants to teach nursing

#80

Earlier quoted context omitted.

I graduated two weeks ago and got a job offer, and am overjoyed by the fact. I think if I asked myself at the beginning, what's the most you can hope for in going to Lambda School, my expectations were met by the education quality and the follow-through from the outcomes team. It's not perfect but the incentive structure forces constant improvement in the factors that matter most for getting us hired. People point ou…

What was the worst part of Lambda? What are we really bad at?

My biased view:

- Teaching assistants and section leads play a huge role in the quality of student experience. I think sometimes a supply/demand for filling these positions can result in not the best people filling them, which then can undermine the experience if your teaching assistant isn't the best.

- The system relies on teaching assistants for reviewing student code, and determining if students pass their tests. I worry what it means for ensuring students aren't progressing through the curriculum without having truly learned prior material. This goes back to having properly motivated and talented TAs too. Maybe some sort of randomized spot-checking, QA from full-time staff on this could help.

- I think sometimes the startup nature, remote-aspect, and fast iteration can mean various transitions through the curriculum aren't explained properly, but rather communicated piecemeal and students assemble an understanding of what's happening by discussing among themselves. There's a lot going on and structures are evolving constantly and sometimes instructors themselves can have trouble keeping track. I think being live in a room forces teachers to properly add ceremony and bookending structures to classes, but that can get dropped in the remote sphere.

Another thing, which is more a worry than a critique, is keeping the character/values and quality level there as it scales.

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