Does an M. Sc. in computer science course hold any promise? What are the overall prospects of the IT industry?
A degree like M. Sc. (Computer Science) would make eligible for an entry level job in Information Technology software and services industry. Future prospects of Information technology are encouraging. Though it is being popularly believed that IT industrys future is bleak, IT software and services industry in India has grown by a cool 55% during the last financial year, according to the annual industry survey by National Association of Software and Service Companies (NASSCOM), the apex body of software, e-commerce and IT services industry in India.
It is true that there is a massive downward trend in the industry due to slowing down of US economy and global recession but the long-term prospects of IT are very promising. All the down turns are only temporary and may not have any adverse long-term effect. Not only the traditional software development sector, there are certain emerging sectors in the IT software and service industry which will drive the overall growth of the industry in near future. For example, E-commerce software is emerging as a significant area of growth of the Indian IT software and services industry. It is projected by a McKinsey-NASSCOM study, that by the year 2008, E-commerce software business in India can touch revenue of US $ 10 Billion.
IT Enabled Services are also emerging as the another major factor for the growth of the IT industry. This covers a wide range of services including Call Centre Services, CRM (Customer Relationship Management) services, Medical Transcription, Data conversion/data entry, Data Processing, Back Office Operations, Digital content development, Animation, GIS (Geographic Information Services), etc.
So, in our opinion, a course like M. Sc. (Computer Science) has good career prospects.