I am above 41 years of age and hold around 16 years of experience
I am above 41 years of age and hold around 16 years of experience in various verticals of IT. My contentions regarding this question are:
- IT Industry is not meant for people/students/ employees who want it to make it a long term career.
- Mark my words, the moment you reach 45 years of your age , you are out, howsoever intelligent bright, or at whichever company you work for.Howsoever Big post you may be…you will be told to leave.
- You can be now a team lead, manager or a project manager, or an excellent developer in some MNC or a good company or a mediocre company.You may be getting 1–1.5 Lakh or 2 Lakh at the most per month.
- So at the most 45 of age is your bench mark, and at the most you may have a saving corpus of 1 CRORE or 2 CRORE at the max or so that too when all situations are conducive ( leaving apart your parental property and whatever family support you may have..to be honest)
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- Now the worst part is it is at this age(45 +) your real expenses will start, Your kids will be 10–12 years of age and then the expenses will shoot up as even marriages are happening late.
- At this age you will be retired, or will be forced to retire, even if you are a top notch manager or whatever, in a big mnc. The more your salary, the more difficult to get replacement that too after 45 of age.
- My younger generation will not agree to me, but now they may boast of 5 lakh LPA package, 7 LPA, 10 LPA etc etc etc and their dreams shoot up.
- But the clock has started ticking and you need and need and need to have a corpus of above 1–1,25 crore for a decent retirement future .
- The other part of the story is even if they are excellent now, they may purchase flat, house apartment in Pune, Hyderabad, Bangalore when they are 30–35 years of age, they get married, Family is created, Parents support etc etc.
- Now when they reach 45 of age parents are gone, Retirement or forcefull retirement is imminent, NO POWER ON EARTH WILL STOP THAT. It has to happen!!!!! or maximum 48 .
- Now what after 45 of age??? Corpus of 1–1.5 CRORE (given that all situations was ok, good company, good salary, good support etc etc etc)
- NOW THE GAME STARTS…..NO JOB …RETIRED LIFE…45 OF AGE….KIDS GROWING UP….PARENTS GONE….FORCED TO STAY IN BANGALORE,PUNE,HYDERABAD, GURGAON,NOIDA ETC ETC….EXPENSE TO SHOOT UP….ETC ETC …CANNOT SELL THE FLAT/APARTMENT/HOUSE AS SECOND HAND AMOUNT WILL BE NOT MUCH ……….REAL ESTATE DYNAMICS HAS ALSO CHANGED………GONE ARE THE TIMES WHEN 10 BECAME 20….20 BECAME 40…..40 BECAME 80 AND SO ON………….PAYING CAPACITY FOR 2ND HAND IS REDUCING………..
- Many people will cut me and say that we will do some business, do some other jobs after 45 of age and some fancy westernized answers. But my friends this is India, and it is more tough to do business and invest your hard earned money , People boast and it has become a style stating I will open a company of my own, but 90% is a big big boast.
- SO WHEN THE ACTUAL TIME CAME PROBLEMS STARTED………..CANNOT TAKE RISK TO START A BUSINESS AND INVEST THAT CORPUS IN BUSINESS………………….
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- THE BOTTOM LINE(Please read carefully below points)
- IT is not meant for mediocre/average student/family background.
- Everything in this field has to be above average, communication skill above average, looks above average, Doing and handling politics above average, Coding and smart work above average, Salary above average, Friend Circle above average, Network above average etc etc…….
- Now these 15–20 years of your life (From 22 or 25 of age to 45 of age) will be constant fight and struggle, namely changing companies, fighting dirty politics etc etc etc.
- My advice to young generation is that think, rethink and double check before you enter into this very challenging industry.
- This is not a stable mindset industry, rather now many people have realized that it is not fit for Indian society mindset.
- Indian society harps more on stability and long run , even if the salary and earnings are mediocre. It is not like some western world that 6 months I am jobless and I go to some petrol pump and do some part time job.
- You need to be STREET SMART and not just intelligent. Intelligence does not play much role here, You need to be clever to understand office politics, please your higher ups, and above all be a smart worker rather than hard worker.
- You need to have sound sound and very sound network contacts in all most all cities of IT hub , not just in the town where you work.
- You need to have the HABIT OF SAVING which is becoming gone in younger generations.
- You need to play smart the office politics, without being rude or caught and sail the ship smoothly.
- This field is not for somebody passing from some college, working on some technology, working for some company …For short time it will work , for long run it will not work..It is bound to fail.
- It is really sad that still today after 20 years of existence in India, no proper policies have been framed regarding recruitment, People are accepted or rejected in interviews on flimsy grounds. High sounding words and buzzwords are ruling but the genuine cases are lost and derogated.
- So finally I would sum up, Better think of options , the shine is no more now at it was between 1998–2010 . That was sunshine time of IT industry. Even the salary structure which was 7–10 years ago the same stands now, at some cases it has even gone down.Even the increments are less now as it was between 1998–2010.
- If you are not from a very well family background, or if you are not above average or not a clever guy, better think of some simple options rather than doing big dramas or creating a hype or false feel good factor.
- I have seen families just for the sake of showoff make kids study this sector , take loans, neither the kids succeed and instead of situation improvement the condition becomes worst.
- Think , Rethink and double check before joining this sector. Even experienced guys who have made a corpus of saving are always in worry. Check your temperament and mindset and liking and passion. Don’t compare with
- others. If you don’t feel like go for some other sectors like Banking, Finance, Commerce, Marketing, Law, Medical, Para Medical etc which are directly related to the population and scope for side earning is more.
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