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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
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