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educational future

 
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Hello all,
This is an extension on one of the posts made in the "Outsourcing to India" discussion. Like some of the people mentioned in that thread, I too am concerned with the future of the IT field and how it relates to how I can take care of my family.
I have been a Software Engineer/architect for about two years. During that time I have been working on a second Bachelor's degree in Comp Sci( I already have a degree in chemistry). I finish it up in December. From the beginning, I have always planned on going to graduate school for a Master's Comp Sci. With the way things look now though, I am beginning to doubt this course of action. After I finish it will I be able to get a stable, decent paying job? Or am I going to be highly educated but underpaid and expendable?
Several people have suggested getting an MBA instead of an MSCS. Or should i stick with it and get a PHD and teach at the university level(I have a teaching certification as well).
All opinions/suggestions welcome. I am really looking for some direction here.
Thanks,
 
Jason Kretzer
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Putting this to the top. Really looking fo rinput here.
 
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While there is at least a temporary shift to outsourcing, there will always be some need for those of us with CS degrees. If the current trend holds, we will get to the point where most people have abandoned the field and few are coming into it. However if this does happen where people are jumping ship, since there will always be some need domestically, those who stick it out should be very much in demand and well compensated.
I think times will be tough in the short term, but the market will correct itself. I do continue to hold out hope that the government steps in and corrects the situation, but even if they remain shortsighted, those of us who hang on should be doing alright in the long-term.
 
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In terms of ultimate qualification i have always felt and heard that an MBA is the motherlode and is the one that you want on the top of your CV to get a good high paid job. However this is dependent on having some good managerial experience and being past 30, its also important to go to the right college.
However a masters is also good and with the market the way it is at the moment it could be good to emerge with it when the industry picks up, (at least thats what i hope anyway)
At the end of the day it can only be down to personal taste and where you want to be in 10 years, do you want to be management (MBA), hardcore developer (Masters & Industry) or teacher / architect (PHD)
Keep us informed as to what you get up to and good luck with your decision.
 
mister krabs
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My wife has an MBA and she absolutely hated the whole MBA world. She quit and is now going for her MSN.
 
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Recently, there have been some questions concerning the value of an MBA. this article refers to a study concerning the value of MBAs in the long term and the applicability of the knowledge gained in such programs. Obviously, no one study should be taken as fact. Rather, it should be considered in light of all of the other data. Hope this helps.
Jon
 
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i think it depends on what you want to do every day. if you like being a manager go for it. me i just want to write code and have people leave me alone.
 
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