No offense to Furlong, but JPMorgan is going to get quality in accordance with the “objective measures” they use and how they actually relate to the job. HackerrRank does not relate much and can be gamed very easily:
http://williampross.com/became-hackerrank-1-two-hours/
The idea that you can become an expert in development or CS, enough so to be an asset to Wall Street, in a mere few months and be measured objectively is a bit silly. HackerRank focuses almost completely on algorithms, and you need to know a lot more to deal with the intricacies of high frequency trading and other automation, where memory management, systems, and network knowledge become a lot more relevant, of which little to none will be cover in most “bootcamps”, and little to none will be needed for HackerRank, even if you don’t cheat your way to the top.
The only thing this tells me is that the financial industry is really struggling to recruit properly - there are plenty of better trained CS majors out there, just not at the same schools they are targeting for business with “name brand prestige”. The fact that they are hiring from bootcamps over these schools says a lot about how little they know about the tech industry, which they will want to be in tune with to have better success.
So you overlook two categories, and you opt for the ones that are going to be much more unverifiable and hit or miss rather than looking at the other schools, who produce much more similar graduates in CS… Yes, that makes sense. Not to mention that a target name school for business doesn’t mean that it’s as good for CS, and vice versa.
There are a lot of people out there that are great with CS and don’t have a degree, but few to none of those are coming from bootcamps and their abilities are not able to be represented on HackerRank.