Information Technology

(Career in Information Technology)

India is a preferred destination for companies looking to offshore their IT and back-office functions. It also retains its low-cost advantage and is a financially attractive location when viewed in combination with the business environment it offers and the availability of skilled people.

Poised to become a US$ 225 billion industry by 2020, the Indian information technology (IT) industry has played a key role in putting India on the global map. The IT-BPO sector has become one of the most significant growth catalysts for the Indian economy. In addition to fuelling India's economy, this industry is also positively influencing the lives of its people through an active direct and indirect contribution to various socio-economic parameters such as employment, standard of living and diversity. The industry has played a significant role in transforming India's image from a slow moving bureaucratic economy to a land of innovative entrepreneurs and a global player in providing world class technology solutions and business services, according to National Association of Software and Service Companies (NASSCOM).

The sector is estimated to have grown by 19 per cent in the FY2011, clocking revenue of almost US$ 76 billion. India's outsourcing industry has witnessed a rebound and registered better than expected growth according to NASSCOM.

India's top technology firms like TCS, Infosys, Wipro and HCL are readying plans to gain a bigger share of their largest market, US, by aggressively chasing contracts being served by multinational rivals. Analysts expect the top IT firms to grow between 23-27 per cent in the FY2012 on the back of more number of discretionary projects, improved pricing, and robust business volumes.

Career Opportunities
The information technology field is expanding at an exponential rate, and there is no better time for you to be part of it. There are virtually unlimited career opportunities, and a huge range of types of business in which your computer skills can be utilized. Banking, film production, forestry, mining, health, manufacturing, engineering, management consulting – practically every industry uses computers and needs people to manage, use, network or program them.

Technical skills are also very portable, which makes a career in information technology very attractive to people who like to experience different cultures. You can take your Java training or C++ to any country in the world.

People going into IT now are intelligent, interesting, creative, pragmatic, ambitious, innovative, fun and motivated. Many already have arts or business degrees and after looking at their options, concluded that the available jobs either lacked challenge or rapid advancement. So they did some basic research and found that one of the best places to get a rewarding, well-paying career was information technology.

IT is short for Information Technology, a broad term covering all aspects of managing and processing information in every area you can imagine. Banks, consultants, hospitals, publishers, manufacturers, filmmakers, veterinarians - they all depend on information and information systems. Computer software, hardware, the Internet and the networks that tie it all together are the key to these systems that IT workers design, develop, support or manage.

Some of the areas of specialization in the IT Industry are-

  • Designing
  • Research and Development in Peripheral Integration
  • Product Quality Control and Reliability Testing
  • Computer Manufacturing
  • Maintenance Service
  • System Developing /Programming /Software Engineering
  • Networking
  • Application Programming
  • EDP/ E- Commerce
  • Enterprise Resource Planning (ERP)
  • Database Warehousing and Management
  • Operating jobs, Computer operators, Data Entry
  • Education and Training

Hardware and Software areas in this sector require science background and mathematical skills for the technical work. Programmers require analytical power and mental ability. IT enabled job roles require creative, problem solving and technical skills. Good communication is a must for all the job roles.

 

Information Technology Salaries

The average salaries in the IT industry depend on your job profile, your place of posting, and your knowledge, experience, and skills.

A junior software engineer (as a fresher) can expect to earn between Rs. 1.2 lakh and Rs. 3.6 lakh annually, an associate software engineer about Rs. 2 lakh to Rs. 7.5 lakh, a senior software engineer Rs. 4 lakh to Rs. 12 lakh, and a lead software engineer Rs. 5.5 lakh to Rs. 16 lakh.

A project manager in software development can hope to earn between Rs. 7 lakh and Rs. 20 lakh, a product manager (software) between Rs. 6.25 lakh and Rs. 26 lakh, and a software development manager between Rs. 10 lakh and Rs. 34 lakh.

The annual salaries for some of these positions in the US are as follows: junior software engineer – $35,000 to $72,000; associate software engineer – $46,000 to $92,000; and senior/lead software engineer – $77,000 to $145,000.

With the introduction of new technologies such as cloud computing, and the requirement of talented personnel growing, the salaries are likely to continue their upward trend.

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