External factors push IT job growth

March 18, 2015

Many job seekers are fascinated with the IT field because they view it as a sector of innovation and relevance. Hardworking people throughout the U.S. are interested in the possibilities of cloud computing, biometrics, data center optimization and a host of other facets of IT, thereby fueling the industry’s continued growth.

Employees seek a sense of fulfillment from their vocation. The IT sector is commonly considered a great place to make a strong salary and also feel motivated to go to work each day for a personal passion. Only the most dedicated employees can optimize their performance everyday at work. As a result, the industry is reaping the benefits of many newcomers and political initiatives that are supporting its rise.

The move from finance to tech
According to Bloomberg Business, a wide variety of investment firms – the Royal Bank of Scotland Group Plc, Deutsche Bank AG and UBS, among others – have reduced certain aspects of their businesses in the aftermath of the credit crisis. This has led many financial workers pursuing other career paths. Many of them are heading to the IT sector.

Mark Whitcroft was formerly the director of Deutsche Bank’s New York bond syndicate desk. However, he was looking for more passion in his work and has since become a principal with Illuminate Financial Management Ltd., a venture capital group based in the United Kingdom that funds tech startups.

“For me, this was an opportunity to change [my] career,” Whitcroft told the publication. “It was an opportunity to have a much bigger impact on something that’s an emerging industry rather than something that’s a continuation of an existing one.”

Eastern Kentucky fosters IT growth
The Eastern Kentucky Concentrated Employment Program, Inc. and the Kentucky Career Center workforce group recently hosted a meeting on IT job growth at The Hazard Community and Technical College in Hazard, Kentucky, WYMT TV reported.

Local officials say that there are more than 350 available tech jobs in the region. The economic leaders of Eastern Kentucky held the meeting so they could discuss the best ways to approach this quickly emerging sector.

“The technology that you learn now is going to be obsolete five years from now, so you have to consistently reinvent yourself as the technology progresses if you want to stay relevant,” William Roach-Barrette, a member of Morehead State University’s Space Science program, told the news outlet.