The COVID-19 global pandemic has certainly supercharged remote work. Many companies previously reluctant to embrace the remote work movement have been forced to do so.
Many of these companies struggled to throw together the necessary equipment, like laptops, phone symptoms and cloud databases, once COVID-19 struck and world came screeching to a halt behind the closed doors of shelter-in-place orders that went into effect across the United States.
However, the tech industry is no stranger to remote-based teams. In fact, it makes quite logical sense that an industry that is tasked with the digital innovation that drives the tech-heavy, internet-centric world we all enjoy would be among the first to embrace the remote work movement.
Of course, the tech industry had good reason to embrace such changes, as many tech companies are headquartered inside the Bay area, specifically Silicon Valley, which is home to the highest cost of living in the entire United States. Bay area-based tech companies have had no choice but to pay salaries as high as 30 percent above the national average to attract top tech talent and compensate for the high cost of living. Due to this financial strain on Silicon Valley tech companies, many of which are already bootstrapped startups, the remote work movement has become increasingly popular.
Moreover, many secondary tech hubs have sprung up across the country. According to this Coding Bootcamp market report from Career Karma, many of the most popular of these short-term, intensive programming schools are outside of San Francisco and New York, the two main cities regarded as the central tech hubs of the United States. These new secondary tech hubs of Austin, Denver, Atlanta, Chicago and Seattle are proving to be a breath of fresh air for tech companies in terms of hiring emerging tech talent.
While these cities are no doubt expensive in their own right, they are still much less pricey than Silicon Valley. Adding to that is that many of these cities boast growing residential suburbs. The growing population of emerging tech talent in these cities, coupled with the lower cost of living, make them areas primed for remote-based tech recruitment.
Many bootcamp grads from schools like Galvanize also benefit from much lower student debt than graduates from traditional four-year universities. With flexible tuition repayment options such as Deferred Tuition Payments and even Income Sharing Agreements, many of these grads are not under pressure to take the first job offer they receive because they have entered into a contractual agreement to their bootcamp program to repay their affordable tuition only after they have obtained their first job in the industry.
The absence of burdensome student debt allows candidates to interview in a more relaxed nature and the cheaper cost of living allows the hiring companies to recruit with less pressure to find the “perfect” candidate as they will not have to shell out salaries that are much higher than the national average. This has helped make Coding Bootcamps increasingly popular, both from the employer and the career-switcher perspective.
Among the most profitable tech specialities, for both the new employee and the hiring company, is software engineering. For those of you who may be new to the tech industry and looking at possible bootcamp programs in your own city, you should definitely consider a career as a software engineer.
Let’s take a closer look at what software engineers do and how they do it.
The software engineering field is perhaps the fastest-growing field in the tech industry with a current expected job growth rate of 21 percent by the year 2028. Junior software engineers can expect a salary of around $50,000, with more senior engineers earning over $98,000 per year.