What type of IT Jobs are hot in NYC?

ClapDemCheeks

Which IT jobs are paying big bucks in NYC? Right now i have a gig as a Network support assistance A.K.A inserting and ejecting tapes.

DoubleNNs

If I find you a new job can I have your old one? =]

ptilsen

Although I haven't done any serious examination of the job situation in NYC, I feel I can safely infer that the "hottest" jobs in NYC are going to be those that are the most valuable to the financial services industry.

I would expand upon that to say that certain areas of IT are going to have a relatively heightened value. That is not to say good money can't be made in other areas, just that even better money would be made in these specific areas.

One area that immediately comes to mind is security. Network security, systems security, penetration testings, management, and so on will all have high value with any banks. Banks traditionally place a very high value on security compared to other sectors. For example, retail and e-commerce operations have to deal with PCI-DSS compliance, while health care must deal with HIPPA -- yet, I would argue the value placed on adherence in those is much, much less than that which banks place on their security. Commercial and investment banks alike often have more sophisticated security programs (as in departments and procedures, not computer programs) than defense contractors and nation-states, simply because there is a very hard, high value on protecting money.

In contrast, sectors which focus on capitalizing on efficient IT management are going to lose. That seems counter-productive, but consider than IT costs for highly profitable industries are such a low percentage of revenue that savings on IT costs are simply not going to be a driving force compared to things that actual improve business profitability. Virtualization, for example, still has value because it can increase availability, but not because it is more resource efficient than physical servers. Contrast this with Internet companies, especially infrastructure cloud service providers where efficiently running hundreds of services on thousands of servers across geographically diverse clusters is critical to the success of the business. A bank can easily afford to overpay for revenue-driving services, while these companies business are based on getting the most out of the least when it comes to their infrastructure.

Other high-value areas in financial services (and, by extension, NYC) are going to be within the software engineering realm, such as business intelligence. Data mining and mathematical analyses of market trends drive the business, so software engineers able to deliver in those areas carry a premium over, say, network administrators who deliver cost-effective WAN solutions. The latter is still necessary, but doesn't deliver the measurable value the former does and as such doesn't get the premium.

Again, this is what I would induce based on what I've seen and what makes sense to me, logically, given the NYC is the financial services capital of the world. That doesn't mean other areas of IT don't yield big bucks or that I'm actually right -- my gut reaction is just that those areas are going to get higher relative salaries than they will in other regions. There's still plenty of money to be made at the top of traditional infrastructure fields -- systems administration, network administration, storage, virtualization, and so on -- so if that's what you're looking for, just go for what you want to do. There's plenty of money to be made if you're good at it.

ClapDemCheeks

So do you think exchange would be good in finance since they use a lot of e-mail communication?

ptilsen

I think messaging can be a very lucrative field if you get to the top, in general, (our member, Everyone, can attest to this) but I don't think it would be of relatively higher value in NYC. It is not core to financial services in some way that it isn't in other fields, nor is it a uniquely high-value business driver (compared to, say, BI). Email is a tool for any business, but a driver of very few. Even digital marketing is headed away from email and more towards web ads and mobile app ads. Email is not going away, and there will always be money to be made managing the infrastructure, but I don't see any reason to believe that it is a "hot" area of IT for NYC in particular.

mguy

The hottest would be financial related aka high frequency algo trading or the infrastructure that runs it. Minimum usually a PhD or specific experience to be cutting edge.

Asides from that it's just the day to day stuff like any other industry.

discount81

ClapDemCheeks wrote: »

So do you think exchange would be good in finance since they use a lot of e-mail communication?

No offense but he gives you a pretty in depth explanation of what fields he think are most likely going to be sought after in NYC (which I agree with and it makes a lot of sense), and you clearly did not read anything.

Ivanjam

I am still waiting on someone to tell me where the hot IT jobs are in NYC!

kurosaki00

Firemen?

ba dum tss ?