Myths and Forecast

Myth 1: There are no IT jobs.

2006 Top “10” IT Management Concerns

  • IT And Business Alignment
  • Attracting, Developing and Retaining IT Professionals
  • Security and Privacy
  • IT Strategic Planning
  • Project Management Capability
  • Introducing Rapid Business Solutions
  • Speed and Agility
  • True Return on Individual IT Investments
  • Measuring The Value of IT Investments
  • IT Governance

Myth 2: There will be no IT jobs when I graduate.

Four of the fastest growing occupations in the US between 2002 and 2012 for those with Bachelors Degrees will be IT-related.

Myth 3: IT Salaries are low due to cheaper overseas labor.

Myth 4: All IT-Related Jobs Are Getting Sourced Offshore.

Some basic jobs (e.g. some programming, help desk) may go overseas, but highly skilled jobs and jobs that relate to a company’s core competencies or products will stay. Jobs that require close contact with the business will also stay.

Myth 5: IT-Related Educational Degrees are Worth Less

Reality is, some salaries may go even higher!
If current trends continue (i.e. decreased enrollment, significant job growth), there will soon be a shortfall of adequately skilled IT labor.

In addition, BLS data indicates that a minimum of 10% of existing US IT staffs who are baby-boomers will be retiring in the next 5-10 years.

Therefore, both will add to the upward salary pressures.

Source: SIM PPT