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Global Market Update - Programmers

Source: Wikipedia

One area of the job market growing exponentially is computer programming, or coding. And it isn’t just tech firms that are hiring. As firms automate processes from human resource management to marketing to product manufacturing, they need people to write and maintain the code that makes everything work. And cyber-security is every bit as important as physical security: a recent study showed 97% of all company networks have been hacked in some way.

The Bureau of Labor Statistics forecasts that computer-related occupations will grow by 18% over the next 10 years, faster than the general job market, but that probably understates its importance. There are currently over 4.8 million job openings in the economy, and coders are needed in every work category—health care, education, finance, even construction.

While a Bachelor of Arts degree in computer science used to be a prerequisite for a programming job, that is less often the case now. Practical experience and language certification are far more valuable. The traditional job interview often includes challenging the applicant with a coding problem, sometimes in a pair-programming context.

In 1865 Horace Greeley told the young people of his day to “Go West” to develop both the country’s and their own potential. A modern Greeley might tell today’s youth to “Go Code.”

Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
Leave a comment if you have any questions—I read them all!

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By |2017-07-17T12:23:10+00:00December 12th, 2014|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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