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The high salaries commanded by FAANG engineers right out of college motivated a lot of students to take up computer science as a major and this led to a massive
by yangikan 1y ago
The high salaries commanded by FAANG engineers right out of college motivated a lot of students to take up computer science as a major and this led to a massive oversupply. It might take a few years to cool.
https://www.wsj.com/lifestyle/careers/computer-science-majors-job-market-7ad443bf?st=yt57fymr3344bng&reflink=desktopwebshare_permalink https://www.wsj.com/lifestyle/careers/computer-science-major...
"Between 2018 and 2023, the number of students majoring in computer and information science jumped from about 444,000 to 628,000."
Around 40% of MIT graduates are now in CS https://alum.mit.edu/slice/conversation-new-computing-dean-alumnus-daniel-huttenlocher https://alum.mit.edu/slice/conversation-new-computing-dean-a...
Further, COVID has reduced a lot of friction for remote work, so now there is also global competition for these jobs.
- laidoffamazon 1y agoMIT graduates are not going to be struggling for anything, much less for new grad jobs. They're among the most privileged humans to exist on earth by nature of their degree and admission.
- deleted 1y ago[deleted]
- HPsquared 1y agoCorollary: if MIT graduates are struggling to find jobs, the market conditions must be really bad for graduates.
- laidoffamazon 1y agoI challenge the premise. They’re doing fine. They’re getting $600k a year to work at OpenAI and HRT
- Kye 1y agoOr working at cable companies watching for alien timing signals.
- lbhdc 1y agoI appreciate your point, and don't necessarily disagree. However, I think it is rough out there even for ivy graduates. We have an intern from an Ivy (not MIT) that isn't getting an offer simply because my company doesn't want to hire in the US right now. They are great to work with, knowledgeable, but have no future here. They have been shopping around, and a lot of people on the team have been trying to find a place for them to go in their network, but no one is biting.
- mitthrowaway2 1y agoI wouldn't be so sure.
- laidoffamazon 1y agoWhat’s the details here? Seems like they’re getting the same elite jobs as always and think of people like me as insects/“NPCs” that have no merit?
- nh23423fefe 1y agothey should eat lazily applied adjectives!
- scoofy 1y agoThis kind of "nothing can happen to this group because they have these advantages" line of thinking has causation backwards. They are privileged because they historically haven't struggled. The privilege doesn't preclude struggle, the privilege results from lack of struggle in the past. Times change.