The Benefits of Working in IT
Singapore’s IT sector, which includes the info communication and software/hardware industry has been crucial in her transformation to a Smart Nation. The shift in focus has seen a rise in the demand for talent in the tech and IT area.
However, pitted against “polished” and “prestigious” sectors like banking, accounting, and finance, what are some of the benefits that the tech and IT industry can offer? Read on to find out.
Everybody needs IT!
As businesses – both big and small – begin to integrate IT functions into their operations, IT services providers are no longer the sole recruiters of IT graduates. Many companies are hiring IT personnel to meet their technological needs as it can be more prudent to have an in-house IT expert instead of constantly having to outsource for even the smallest IT services.
Depending on the size and IT needs of the company, the size of its in-house team can range from having only one or two employees, to more than 100 IT professionals.
For instance, finance and banking organisations are one of the largest IT graduate employers today as they need to maintain and secure their IT infrastructure at all times. Employers from sectors such as defence, security, and aerospace may need even more.
The rise of start-ups and ecommerce have also opened up a lot of new opportunities and roles, particularly in the mobile commerce space.
Constant innovation = exciting work
Technology is evolving at an impressive pace, prompting new innovations nearly every other week or month. For instance, the retail sector has been redefined through technology within a short decade, branching out from brick-and-mortar stores to include online commerce – and now mobile ecommerce.
The financial sector also benefits from cloud computing, digital currencies such as bitcoin, and a variety of other technological inventions. Logistics, telecommunications, and manufacturing are all seeing improvements as well, thanks to technological development.
Many IT experts cite the ongoing advancements and changes as factors that contribute to the exciting nature of their jobs as it gives them a varied career and plenty of learning opportunities.
$$$$$ (ie. good money)
Contrary to popular belief, the pay scale for IT graduates can be rewarding. The 2015 Singapore Graduate Barometer survey reports that graduates looking to work in the IT industry expect to earn approximately S$42,000 per annum, and this figure can increase depending on different roles and responsibilities.
You will also find that remuneration can increase quite significantly as you climb the corporate ladder, such as a promotion to the role of a consultant or manager.
Past working experience and the range of your technical expertise can greatly influence how much your pay scale increases, so be sure to start stacking up on skills during your university days.
Great growth opportunities
IT employers are known to be extremely generous in providing training, opening up a wealth of growth opportunities and a range of interesting career paths for graduates.
Graduates can make use of the training provided to specialise in a particular area before moving up to another role, or to switch specialisations to gain wider exposure. For instance, an IT analyst can take up training and professional certifications to become an IT manager or consultant, or even discuss with his/her superior to switch over to cyber security.
Certain roles within the IT industry are considered recession-proof, such as those in cyber security. With cybercrime growing so fast, IT graduates specialising in cyber security are constantly in demand.
Software design and development, as well as networking and systems administration are another two areas that IT graduates may want to consider. All companies will need specialists to help in the design and maintenance of a company’s communication systems, including information-sharing infrastructure, and websites.
Consulting is another area that is expected to weather through economic hardships, thanks to functions that combine technical knowledge and commercial awareness. IT consultants can utilise their business acumen to analyse business drawbacks that afflict a firm, and apply technical knowledge to advise companies on the software that best suits their needs.
Further duties include software installation and follow-up services such as staff training.