New job board marketplaces are offering formal training or education in order to close the skills gap in industries like tech. We’ve seen this for developer jobs and skills, but SV Academy offers this model for sales/business development. Students/candidates don’t pay – all fees are currently paid by the employer. We expect to continue to see this model in a variety of industries.
When you live in Silicon Valley, it feels like nearly everyone works in tech and that entry into the industry is wide open. Of course, the reality is very different. Even as software eats the world, not everyone has the training or connections to land a high-paying job in either the traditional tech industry or with a company that’s actively embracing its digital future.In fact, it would be challenging to interest an executive recruiter in someone who doesn’t have a tech background and didn’t go to college, yet a company called SV Academy is doing just that. According to cofounder and CEO Rahim Fazal, the nearly two-and-a-half-year-old, Bay Area company is currently helping 100 people every 30 days — or 1,200 per year — land jobs at companies like SurveyMonkey, Palo Alto Networks, and PayPal.Very notably, it costs these job candidates nothing. Employers pay SV Academy between $12,000 to $15,00 per hire; all the prospects really need to do is convince SV Academy that they have the drive required to take a 12-week, training program that teaches the skills necessary for tech-based sales roles, plus a year of ongoing training and mentorship for a year after they graduate.
Source: SV Academy just landed $9.5 million to offer tuition-free training that puts people in tech jobs | TechCrunch