3 min read

Coding for Financial Independence

Aug 17, 2020 5:10:59 AM

Millennials (and Generation Z), put down your iPhones and let us inspire you to code for financial independence..

  1 in 4 young adults between the ages of 21 – 34 are dependent on their parents in some form, whether it may be rent, car insurance, etc. Having grown children dependent on their funds detracts them from saving for retirement, adding stress to their lives, according to an article on CNBC.

Coding = Financial Independence.... Need Convincing? 

Time Commitment

Immersive Coding Boot Camp = 12 weeks

Four Year College = 36 weeks per year x 4 years = 144 weeks

Educational Investment

Average Coding Boot Camp Tuition = $12,000/12 weeks = $1,000 per week

 Byte Academy Tuition = $10,000/12 weeks = $833.33 per week

Average College Tuition = $32,405 per year x 4 years = $129,620

Average Student Debt = $37,172 for Class of 2016 graduates

Average Time to Pay off Debt = 21 years

Average Starting Salary

Average College Graduate = $50,556

Average Coding Boot Camp Graduate = $78,000

"Byte Academy was an amazing opportunity.  In just 12 weeks I became a prolific programmer, and was able to get a high paying job with a hedge fund. Byte Academy is growing, and employers were impressed that I received a degree from Byte.  I believe my time at Byte made me one of the most competitive applicants, and is why I was able to land a job so early.  I highly recommend enrolling."

         -Andrew Pickman, 2015 Byte Academy Student            

Projected demand for coding skills…

According to the U.S Bureau of Labor Statistics, employment of web developers – full stack python engineers, back end, front end, etc. – are expected to increase 20% from now until 2022, nearly doubling the growth of all other occupations.

The fact that you have the expertise which is in demand, pays well and you can do from anywhere at anytime…?

Sounds like Financial Independence to me!

Liked what you read? checkout Data Science and Python bootcamps offered by Byte Academy.

Written by Karina