As we previously discussed here and here and here, as well as contrary to popular belief, studying computer science is not necessarily a guarantee of a high paying job upon college graduation. Yet, according to a recent Wall Street Journal article, Computer-Science Majors Graduate Into a World of Fewer Opportunities:
Computer and information science is the fastest-growing top-20 major in the U.S. at four-year colleges, according to the National Student Clearinghouse Research Center. It is the fourth-most-popular major overall. Between 2018 and 2023, the number of students majoring in computer and information science jumped from about 444,000 to 628,000 [a 40% increase].
Thus, managers can select new hires from amongst a larger supply of new Computer Science graduates, increasing competition.
The number of bachelor’s degrees conferred in those majors topped 100,000 in 2021, according to the Department of Education, a 140% rise from 10 years earlier.
The increasing focus on artificial intelligence might reduce the demand for traditional coding roles, as noted by a 30% drop in software-development job postings on Indeed from pre-pandemic levels.
And while big tech companies are hiring for AI-related jobs…many of those positions require more experience than a new grad would have.
Tim Herbert, chief research officer at CompTIA, a trade group that follows the tech sector
According to the New York Federal Reserve, current unemployment rates for new Computer Science graduates of 4.3%, which is just under the overal unemployment rate of 4.7% for all new college graduates (those aged 22-27), only confirms the difficulties securing a job. Thus:
New grads may need to adjust where they’re willing to work, in some cases what salary, perks or signing bonus they’ll receive, and the type of firm they’ll work for.
Tim Herbert, chief research officer at CompTIA
Furthermore, for those potential Computer Science students, reflect on your motivation and interest, considering questions, such as: Why is technology intriguing? Then, students can be flexible in their job search, considering a wider range of industries and roles. Students should consult professors for insights about the technology industry, as well as advisors to join networking opportunities, building connections for internships and other professional experiences.
Continuous learning and adaptability are key, as the technology industry is constantly evolving. Then, no matter the challenges, students can adapt to the changing environment, enhancing their employability in the job market.
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Jill Yoshikawa has dedicated her professional life to assisting teenagers and their families in the complicated transition from childhood to adulthood, first as a classroom teacher and now as educational counsel. Schedule an appointment today!
