I need career advice. Degree in Computer Enginerring?

Discussion in 'Professional Trading' started by cheeks, Feb 4, 2003.

  1. nitro

    nitro

    Learning to program is, IMHO, as important a skill in today's world as basic mathemics or reading.

    It is hard to say what you should get a degree in. The money is only half of the equation. Job satisfaction, continued employment opportunities and job security, upward mobility, etc, are all equally important.

    I can tell you this, the people that do the work rarely get paid the most. If I were you, I would be thinking of how to become the BOSS in whatever you do.

    Grinding it in front of a computer screen programming is a good job, but it is not for everybody.

    nitro
     
    #11     Feb 4, 2003
  2. My theory is that in this society, you get paid in direct proportion to how hard you are to replace. That is why brain surgeons and pro athletes make a ton, while starbucks workers don't.
     
    #12     Feb 4, 2003
  3. And as far as the stuff programmed on site goes, H1b visa holders are prefferred

    In 1998, the annual cap was raised from 65,00 per year to 105,000 per year - at the top of the boom (Sept 2000) it was raised AGAIN to 195,000 per year.

    A bill introduced by Tom Tancredo (R Colorado) to reduce the immigration during times of tech depression was flatly ignored. So IT workers are stuck with an IT depression, outsourcing to india, and a boom level immigration.

    Get caught with skills a couple of years our of date, and out you go, training ouside of the job does not count, must be "on the job" Forget getting a job past 40, which everyone will someday be.
     
    #13     Feb 4, 2003
  4. okwon

    okwon

    Is there a reason why you didn't just join a prop. firm when the Wall Street thing didn't work out?
     
    #14     Feb 4, 2003
  5. omcate

    omcate

    Yes. It was the boom time(1997 to June 2000).
    Nowaday, only a few companies are willing to sponsor H-1B Visa for progarmming positions. It takes about 3 months for a H-1B Visa holder to switch job because of the paper work. Under the current tough environment, if you have a H-1B Visa in US and get laid off, it is almost certain that you have to leave. That is why some companies give out airline tickets, when they lay off H-1B Visa programmers.
     
    #15     Feb 4, 2003
  6. nitro

    nitro

    That is a good theory - supply and demand.

    nitro
     
    #16     Feb 4, 2003
  7. cheeks

    cheeks

    Wow! Thanks for all the responses so far.

    I know IT is dead at the moment. It is just an area of interest, and something I would not mind doing. Plus I am one of those people that just loves to learn, so going back to school sounds fun to me.

    Working for a commercial bank or as a stockbroker is just not an option I would even consider. I would love to work somewhere on the buy side on Wall Street. But for a number of reasons I don't see that happening.

    I am a profitable trader. My problem is my account is so small that it would take Martin Schwartz 5 years to turn it into a real account. And my name ain't Martin.

    Big thanks to everyone who has responded so far. I am going to go read through everything again.

    Cheeks
     
    #17     Feb 4, 2003
  8. Yes there is a big problem much more in fact in Europe than in United States since salary taxes are huge around 100% of the net salary. They tax salaries :mad: and declared at the same time they want to create employment this is non sense. It only make sense for communists. I'm fed up of paying engineers a fortune and they only perceive 50% of that because governement rackets the other part. I could pay 15 times less an EXPERIMENTED indian engineer than an UNEXPRIMENTED french engineer :confused: .

     
    #18     Feb 4, 2003
  9. cheeks

    cheeks

    Yes. The first prop firms that I saw looked very shady. I thought they were just bucket shops born out of the late 90's and I stayed clear. Obviously, I was not entirely correct.

    As it turns out I am much more comfortable swing trading than daytrading. So retail is really my only option.
     
    #19     Feb 4, 2003
  10. either stick with trading or go into the medical field in some capacity. IT is in a true depression with no help from the government and no end in sight. Unemployment rates among former IT workers is double digit at least and growing. January was supposed to be when firms would start hiring again and it didn't pan out at all. It can only get worse the rest of the year.
     
    #20     Feb 4, 2003