A lot of banks have bootcamps where they pick up unemployed people who might not have ever had tech experience in their life.
They teach them COBOL and mainframe basics in a few months, and, if they do well, give them a shitty $60k annual job.
Source: know someone who went to one of these bootcamps and now works for a major us bank.
This has been going on for decades. My dad became a COBOL programmer in 1980ish after taking an aptitude test in answer to a newspaper ad. Y2K consulting was a pretty good gig.
Yo if you are doing COBOL systems maintenance for 90k you arent charging enough.
That’s all this meme means. Consultants on COBOL maintenance can make 90k in a week. This is not the area where companies pinch pennies.
A lot of banks have bootcamps where they pick up unemployed people who might not have ever had tech experience in their life. They teach them COBOL and mainframe basics in a few months, and, if they do well, give them a shitty $60k annual job.
Source: know someone who went to one of these bootcamps and now works for a major us bank.
This has been going on for decades. My dad became a COBOL programmer in 1980ish after taking an aptitude test in answer to a newspaper ad. Y2K consulting was a pretty good gig.