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Movable Skills in a Moving Market

By admin October 17th, 2008 at 3:52 pm

Categories: Employment Trends, Financial Services, Finding Work, IT Industry, Skills/Education

A lot of IT professionals are sensitive to changes in the job market, and with good reason.  It wasn’t very long ago that, following the burst of the dotcom bubble, many developers, engineers and project managers found themselves on the wrong side of the market.

Naturally, many people are asking themselves some obvious questions such as:  How will the financial crisis affect jobs?  What happens if I’m part of a layoff?

Unlike the dotcom crash, today’s economic uncertainty isn’t specifically centered on technology companies and professionals.  In this regard, we’re in a much better position this time around, because most IT skills are portable across industries.

This means that, unlike many attorneys, finance professionals and investment managers, the IT professionals of today’s banking industry are not tethered to the vertical.  You’re free to leave, and to take your skills to an organization that’s experiencing growth.

In Boston, for instance, emerging technology companies focusing on cloud computing, advanced mobile communication platforms and Web 2.0 development are expected to capitalize on the top talent that failing banks are unable to retain. So the question for you is not how to find a job in your industry, but what industry will you take your IT skills to next?

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