COBOL will guarantee your employment Only if you are a tiny handful of major financial centers or willing to drop everything and move to basically anywhere. If

COBOL will guarantee your employment Only if you are a tiny handful of major financial centers or willing to drop everything and move to basically anywhere. If you are in a midsized city there is probably only 1 or 2 companies in need of COBOL developers and if they're not hiring you're screwed. I saw this happen to a friend of the family. He'd spent his entire 20 year career working as a mainframe and COBOL developer at the regional office of a Fortune 50 company in our home town. When he got let go, he literally could not find another job. There were plenty of programming jobs around, but not for someone who had spent their entire career programming COBOL.