Two of my friends, who have Science degrees, are now patent lawyers. However, they did get a Law degree first before making big money.
Teach him to trade the S & P E-mini. Hopefully, there will be another bull market in ten years. He can then retire by age 30. It is impossible for QQQ and DIA to go to zero. That means their options always have time values. If he can constantly make small profits by shorting ETF options every month, he will make a fortune in ten years.
I entered the IT industry in 1986 and have found myself without work for the last 2 years. As a result I have gotten much more interesting in trading. However, if I were to get back into the swing of things, I would definitely look into the security aspect of IT. I think that security will be the next area of mega-opportunity, particularly for IT. Best of luck with your search
Well, if IT security is the next big thing, why didn't we see the LOCK manufacturer be the leading industry before? IMO, IT will be moving toward commoditization as all other matured industries have gone through. IT Security will be a niche field for sure, but it's not a field for average Joe!
With all the concern over industrial espionage, to say nothing of cyberterrorism, I think that at the very least, it will be a big niche.
Man, I sure wish I learned that lesson. Tens of thousands of lines of code later for pizza... And aaaah crap... I got screwed. peace axeman
IT is dead. India is growing IT cities at a fast pace. My company and lots of other companies are exporting the jobs like hot cakes. Its game over. No way in hell id go into IT unless you are doing it because you simply love coding day and night. Listen to Tgreg... he is right on the money. My experience is very similar to his. peace axeman - 24 years coding experience
Well ..... Maybe it is .... Perhaps engineering a new protocol, a new device driver, or a new development or security framework is a bit farther from Chicken farming ....... however, even in these traditionally more difficult areas there exist an oversupply of talent. IMHO this situation is not exclusively related to the bubble but is largely due to the distribution of the specialized knowledge needed for building these structures: its just not secret anymore. Software development is standardizing on common toolsets: less opportunity for specialized knowledge. Even software architecture is standardizing: there really are few architecture patterns left to document that routinely crop up in most development projects. Even techniques like compression, data mining or pattern recognition are largly known and there exist good toolkits that are already available - however in these areas a better algorithm can still be worth money.