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Wall Street's Collapse Is Computer Science's Gain
dcblogs writes "Thanks to Wall Street's implosion, the chairman of Stanford University's Computer Science Department says he is seeing more interest from students in computer science. Ditto at Boston College. Computer science enrollments crashed after the dot-com bust as students turned to hedge fund majors. And are computer science grads getting jobs? The professor at one university program that graduates about 45 students a year with CS degrees, wrote in a comment: 'Last year 87% of our seniors were employed before graduation. The median starting salary was $58,500. A majority of CIS students had multiple job offers. From where I sit, there is a huge demand for entry level IT professionals in IS and in CS.'"
Employment rates at graduation are often incredibly skewed. Frequently only those with jobs will report the fact; a lot of people who still haven't found one won't. I picked the law school I went to partially based on its "percentage employed 6 months after graduation" number, plus it's median salary number. It wasn't until I graduated that I realized how fake the number was.
If I had to do it all over again I'd probably major in pharmacy. Good money, good job security, good hours.
Finance is one of the biggest consumers of IT and development resources. My first job out of college was at a hedge fund as a IT developer. Many people don't realize that finance is heavily computer and information driven these days. The days of people working on gut feeling is dying out. At the hedge fund, there was only two traders who actually traded in financial instruments. The rest of the non-support people were analysts who came up with strategies based on models and information provided to them by quants and programmed into their infrastructure by CS people. Their infrastructure was maintained by IT people.
My point is that finance going downhill is bad for IT and CS because that's one of the most information driven sectors outside of software and hire a lot of CS people out of college.
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I don't mean to sound like a hippie, but I'd blame it as a side effect of consumerism. What I mean by that is that as an effect of consumerism, people's goal in life is to become rich, rather than have a great career or reach any other sort of goal. Personal achievements are replaced by monetary and material gain, and what you have supersedes what you do or who you are. You are only as successful a person as how much money you make. People would do the dumbest job in the world if it paid well.
I think it has to do with the fact that people genuinely believe that their goal in life is to become rich, have fun, good sex, then a wife, kids, all of which are supposed to make you a happy and accomplished man, or so they think. The Los Angeles mentality prevails, satisfy your basest instincts, make money, use it as a leverage to satisfy your basest instincts more, produce offsprings, die.
In this context, genuinely caring about anything else makes you a "nerd" or "geek", which, seen under that angle, is actually a great thing to be. It's just a shame that our culture raises people to produce as much wealth as possible and nothing else. Actually I'm pretty sure you can interpret the movie Matrix as a critique of consumerism, in which people, being in the movie used as batteries, are in our real life money-making "batteries".
You just got troll'd!
I make a living as a programmer... and do acting, singing, and cooking as well but not professionaly.
I don't want to live as an actor, struggling to pay the rent by doing bit pieces and commercials, nor the equivalent work as a musician, nor busting my ass in 14 hour days in a commercial kitchen... yet I somewhat enjoy a good programmer's grunt work. But certainly, I'd love to be able to have my same lifestyle by acting, singing or cooking and just program as a hobby.
I'm thankful that my ability to program allows me to partake in other activities without the pressure of making money out of them.
As a Slashdot discussion grows longer, the probability of an analogy involving cars approaches one.
I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all drugs and tax them same way as you do alcohol. You decriminalize prostitution. You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.
Sadly, you are right. I'm on sqaforums.com, and 99% of the threads posted there are n00bs from India asking people to do their job for them. It seems a high percentage of people there don't want to learn on their own and figure out things. A lot of them just grasp on to buzzwords and ask vague questions about various qa test tools. Guess I should find a different forum. :)
Not really. The numbers I've seen from legalizing drugs would only boost US Revenue by about 20-30 billion per year.
That's 1/10th our peacetime defense budget. Not really a ton of money.
How much would be saved on police work? Without a prohibition like policy there would be less criminal activity surrounding drugs.
I don't preview or spellcheck.