Ask Slashdot: How Do I Stay Employable?

illcar writes "Hi, I am a 40-year-old working as a senior developer for one of the biggest investment banks. I have always worked as a full time employee in my career; however the last 5-6 years have been very tough for me because of office politics, outsourcing, and economic conditions. The financial industry is not doing well, and we may be at the brink of another round of layoffs. My family is growing, my spouse does not work, and I still don't own a house. I am worried regarding my job security & career growth. Considering Medicare does not kick in till 65, I am still looking at 25 long years of career. I am wondering what the best way would be for me to stay employable in the coming years?" illcar continues: "1. Should I stay technical, and be ready to work as consultant/contractor? How does medical insurance work in that case?
2. Should I capitalize on the domain knowledge, and move onto business/managerial side?
3. Will the MBA degree or alternate career help?
4. Any other suggestions?

Thanks."

Comments

Re:As a 45 year old working in the industry

[Anonymous Coward]

PIMPLY FACED YOUTH, as has been used since sometime during the original run (it's possible this was changed after the first couple stories, since it's been a while since I reread from the beginning, but before the '2nd coming', it was definitely enshrined as 'Pimply Faced Youth'.)

Can someone in the nerd card club please remove his badge and escort him out front? His belongings will be waiting for him at terminal velocity when he exits the building.

o.O

[FishOuttaWater]

You are aware that Canada is North from the US, right? ...just checking.