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How Will Recent Financial Downturns Affect IT Jobs?
An anonymous reader writes "So, with the financial crisis and loss of jobs everywhere, what are the chances of getting a good IT job? I'm going to graduate this year with a BS in Software Engineering majoring in Network Security. I'll be looking for a job as a penetration tester eventually, but I hear that is hard to get right out of college so I'll be looking for a job as a Junior Network Admin or similar type of job to start off in. Is there a lack of jobs in this field? I figure computers always need fixing so they have to have some sort of IT personnel on staff to maintain the core of their business. Anyone have a good insight on this issue?"
I was a new grad once. It was horrible: it took me 10 months to find my first job.
I'm sorry to have to be the one to break the bad news to you, but your grades in school don't matter anymore. What recruiters look at is your experience. Which, by definition, you don't have. So your resume ends up at the bottom of the pile.
As soon as you have some kind of job, then companies are much more willing to take you seriously. It's stupid but it's true. I make the same mistake now when I am the one hiring.
Now I'm happy to also give you some good news. You're probably not graduating until the summer. That's great. First of all, the economy will be just about to turn around (the media won't tell you, but they also didn't tell you one year ago that we were in a recession). Second, it gives you some time to add experience to your resume: internships matter a lot, volunteer for an open source project, etc.
Don't have the time? You really have two options: play by university rules and be a bland student, or stand out and go the extra mile. Guess which ones gets the job?
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The economy globally has tanked. My firm has just shed *another* 400 IT jobs. I know many people who got made redundant just before Christmas. Firms are collapsing left right and centre and those left are cutting right back to keep afloat.
Personally,I'd take pretty much any job you can get right now,IT or otherwise. It's not a time to be picky.
I want a list of atrocities done in your name - Recoil
I have a couple friends graduating this year, they are in a bad way... Last year graduates from the same school, with the same degree all had 3-4 offers and could basically pick where they wanted to live and what company they wanted to work for...
This year students are lucky if they've got 1 offer, and the offers are 30-40% below last year's offers. All the big companies have hiring freezes or are outright laying people off.
Just read an article on CNBC about how graduating in a recession will hurt your earnings potential for as much as 20 years... I'd recommend staying in school til things recover.
Experience always trumps education.
Grades are important, but only while you are competing against other recent college graduates. If a company is hiring a new IT person and has 10 recent graduates to look between, the one with the highest grades will be an easy call for an interview.
But that isn't the situation now.
Right now, we have laid off IT workers who have already had a job, sometimes years of them, and that experience (and demonstrated success at holding a job for a while) is more valuable than your schooling, and a 0.5 difference in GPA.
Someone liked them long enough to let them keep an IT job for some number of years. You, however, are an unknown factor. Thus, they are the safer bet.
They have already proven they can stick to a college degree long enough to get it (as have you). They have also proven they can be successful in a real IT environment. Thus, they are 2 for 2. You are 1 for 2.
Just get any IT job you can find, at least for now. Trade up when options are better. Don't hold out for your dream job now, or you might not get anything at all.
I agree that many of the positions that have been eliminated will be refilled - they have to be. But those positions will be refilled by younger, and cheaper, workers - in many cases: guest workers.
Long term, I firmly believe that the trend is down for US IT workers. Simply put: US workers are being priced out of the market. Offshore workers are much cheaper, and the jobs that can not be done offshore, will be done by guest workers, which is still significantly cheaper. Also, hiring guest workers makes it easier to offshore even more jobs.
BTW: since the positions would be re-filled anyway, Obama's $3000 per employee stimulus package is just another handout to US corporations. Obama will be praised for creating jobs.
Learn Hindi.
1. Experience: self-educate in an emerging technology in your chosen field. You have the advantage of being unbiased to legacy practices. With an emerging technology, no one has experience. In today's world of cheap hardware and open-source software, it has never been easier for motivated people to find a way to contribute. Treat the learning process as an extended interview, including your project emails and contributions.
2. People: you're already at the bottom, nowhere to go but up. Don't further handicap yourself with low expectations, reality will be happy to reduce your expectations for you. Aim as high as you can imagine and work down as necessary. Rank the top ten companies or organizations (globally) with people who are experts in your chosen field. Identify some of these people by name and learn about their career path and current projects. Find a way to contribute to similar projects. Work backwards from their social network to your social network and try to have F2F conversations with local contacts who are best-of-breed.
3. Budgets: use your F2F contacts to obtain intelligence on budgets. In a poor economy with layoffs, the remaining people often have too much work to handle. Creative volunteering and compensation ideas can get you involved in real-world projects where the experience is worth 10X the dollar value comp. It all starts and ends with people, be they HR, managers or customers. So focus on being useful and building relationships with people. The most valuable information is often very transient (e.g. time sensitive hiring opportunities) and communicated only by word of mouth.
4. Recession: some of the best engineering creations have come from highly constrained environments. If you can be successful in an environment of fiscal discipline, you will only be more successful when boom times return. The same cannot be said for those who begin careers in boom times and are shocked by their first major downturn. There is no better time to start working than now. It doesn't mean you'll find a job quickly, but you will learn much more than by staying in school (which also costs money, even if deferred).
10 years from now, business schools will have course material dedicated to the lessons of these unprecedented economic times. New grads have a once-in-a-generation opportunity to experience the kind of business environment where fortunes will be lost and won, as economic hierarchies adjust. Don't miss the excitement by hiding in school!
It's weird, it's like if you show up, talking the right way, and dressed to not care, you get far. I don't understand it.
QFT.
I interviewed with my present shop the day before Xmas, dressed in jeans and a hoodie (they were clean), and unshaven for a few days. I did have a smart resume, and also have 12 years UNIX admin/engineering experience. I have no degrees, or advanced training outside of vendor classes. I was candidate number 11, and the last to be interviewed.
During the interview, I was asked how I would solve X problem, which coincidentally, the majority of their IT staff spent the better part of the night trying to fix. After asking a few routine questions, I was asked to 'demonstrate'. After 20 minutes, I got a 25k signing bonus, and the contractor that fsck'd it all up got 2 weeks notice.
To echo what others are saying... EXPERIENCE and demonstrable ability will get you farther than any degree. At least that resounds loud from my experience.