Where To Complete An Online Product Management Bootcamp In 2024 – Forbes Advisor
Let’s explore some methods of paying for a bootcamp.
How Much Is a Product Management Online Bootcamp?
According to data collected by Forbes Advisor, the total median cost for all tech bootcamps is $8,300. Coding bootcamps are slightly more expensive, with a median cost of $9,500.
Product management bootcamps tend to cost less than other types of bootcamps. The average total upfront cost for the two qualifying programs in our guide is $6,653. Keep in mind that the payment plan you choose can affect total program costs.
Upfront Payment
In general, paying your tuition all at once before starting your bootcamp leads to the lowest overall price. For example, CareerFoundry offers a 5% discount for students who pay upfront compared to those who opt for a monthly payment plan. The downside is that you have to pay in one lump sum, which can be difficult for many students to manage.
Pay in Installments
Learners who choose monthly payment plans generally pay more over time than those who pay upfront. However, paying over time can be more manageable for those who may not have a large lump sum sitting in their bank account.
Income Share Agreement
Income share agreements (ISA) allow students to enroll in bootcamps for little to no upfront cost. However, ISAs often involve significant costs, as they require students to hand over a certain percentage of their salary for an agreed-upon period of time once they graduate and get a job.
It’s important to read the fine print on any ISA before committing. You’ll agree to pay a set percentage of your salary regardless of how much money you make. Given the relatively high salaries in tech fields, you may end up paying significantly more for your bootcamp with an ISA than you would with an upfront payment or installments. Some graduates end up paying double the upfront cost of their bootcamps through ISAs.
Job Guarantee
Bootcamps with job guarantees provide tuition refunds to graduates who do not receive qualifying job offers within a certain period after graduation, often six to 12 months. However, you must meet specific requirements to qualify for your money back.
A job guarantee may impose geographical restrictions, for example, or require participants to complete specific tasks, such as applying for a certain number of jobs or attending networking events.
Loans, Scholarships and Other Aid
Federal student aid is generally unavailable for bootcamp participants. However, some providers offer scholarships and personal loans through private lenders. Moreover, military veterans may be able to apply GI Bill® and VET TEC benefits toward tuition for qualifying bootcamps. To learn more, reach out to individual providers.
