Listen to the man ... I did the "mistake" in 1999 when there was a high demand for people in information technology, and started on what would be a Master degree in IT.
Needless to say, when I finished close to the end of 2003, the need was replaced with IT people without jobs.
I did get my first job, but it was lousy pay from day one and a few years ahead.
When the marked started to pick up, I got a new job.
Seeing all that crazy going on in the financial marked; there will be people without jobs in the coming years.
If you had one year left on your degree and wanted advice in what to specialize in, I would say SAP.
Most of the really big companies run SAP as their enterprise system, and the demand for people knowing SAP is great.
You can roughly divide the demand into the following groups:
SAP - Basis (physical administration of servers and storage)
SAP - Application (writing new programs that complement SAP standard)
SAP - Installation (you need a business degree in addition to an IT degree - customizing SAP to fit into the business or rather changing the business to fit into SAP).
SAP - Superuser (knowing how to perform many of the functions in SAP).
What about SAP in 4 years? I don't know. All I know is that the current SAP system I work on (Production 1 server in Oil and Energy) is from 1998 and a new installation is about to happen. We have the contract for testing this system. Just testing what others have implemented is a 100 million contract. That gives you a clue on how big this system is. Oh and StatoilHydro who I work for has at least 10 SAP systems. Just imagine the money they have put into this and the reluctance of getting something new. I bet this is similar for other large companies.
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