Transcript
Let's dive into the tech job market and see what's happening in 2024.
Despite recent layoffs in the tech industry, the demand for tech workers remains strong. The graph shows the growth of tech jobs over time, and as you can see, it's a trend that's only going up.
"The relatively small number of layoffs at prominent companies will not change the fact that technology underpins many facets of business activity across the economy." - Richard Wahlquist, 2024
There are numerous job openings for engineers, with some estimates suggesting 100 job openings for every engineer in the workforce.
But it's not all sunshine and rainbows. Let's talk about some of the challenges CS majors are facing.
The job market for CS majors is highly competitive. Many students are struggling to find jobs.
Bricen Raynold, a senior CS major, has applied to 45-60 jobs with only two serious inquiries. Bill Hutson, another senior, has applied to 50 jobs with only two interviews.
Recent big tech layoffs have contributed to the current challenges in finding a job, but experts believe the market will eventually rebound.
Despite the challenges, there are still plenty of opportunities for CS majors. Let's explore some of the growth areas.
Certain jobs in the CS field are in high demand, including data scientists, software engineers, network/cloud engineers, and database administrators.
These roles offer high earning potential, with salaries ranging from $88,500 to $167,000.
The rise of generative AI, cybersecurity threats, and the increasing reliance on cloud computing are driving the need for skilled IT professionals.
So, what can CS majors do to increase their chances of success?
Gain practical experience through internships, part-time jobs, or co-op programs.
Develop skills in areas like cybersecurity, cloud computing, AI, and machine learning.
Stay adaptable to changing technology and industry trends.
While the current job market for CS majors presents challenges, the overall outlook remains positive.
By gaining practical experience, developing specialized skills, and staying adaptable, CS majors can increase their chances of success in this field.