I recently surveyed that folks who pass out from Tier 1 colleges,earn as much as Rs 30 LPA or Rs 40 LPA. We are talking about the likes of who join Microsoft, Google, Qualcomm etc. These folks work in core computer science and are highly skilled at Data Structures and Algorithms etc. There is no way this bunch of folks are going to get stagnated because they are technically strong and will continue to work on the cutting edge technology or innovations.
Now, lets come to the folks passing out of Tier 2 and Tier 3 colleges, these folks get starting salary of somewhere around Rs 3 LPA to Rs 5 LPA. Most of these folks work for IT service companies. There are high changes that these folks will get stagnated after they have work experience of 8 to 10 years and earn somewhere around Rs 8 LPA to 12 LPA.
- Very few of them are able to re-skill into a people management role. How many managers do you see around for a project of 50 people? 2 or may be 4 right?
- Very few of them are able to carve a career path into technical leadership. How many technical architects do you see in a team of 50 people? May be a couple?
- Very few of them are able to carve a career path into business domain. How many business domain consultants do you see in a team of 50 people? May be 3 to 5?
Where do the rest of people go?
Rest of people just get aged in experience. They are still doing the developer role. They may be termed as senior developers but that is it. There is nothing called as a very senior developer or a very very senior developer.
Once you reach a level of 8 to 10 years of experience you get competition from younger folks with 5–6 years of experience who are equally good at software development. So think of why would the company pay you 10–12 LPA for a job which can be done by a much junior person on a salary of 7–8 LPA? At the end of the day it doesn’t make business sense for any company.
That is where most folks get stagnated.
Look around in your office, number of folks with grey hair is increasing. There are scenarios where young managers with 10–12 years of experience are leading and managing folks with 10–15 years of development experience. Along with stagnation this calls for a huge change in the mindset and behaviors which is easier said than done.
Offshoring in the software industry started back in the 1980s. Over the years industry moved from mainframes to application development to web development to ERP to Cloud computing to Machine Learning.
This is a clear indication that the only way to survive is to adapt to change.
In order to be relevant one needs to continuously learn, evolve and stay relevant.
It is high time the folks in the bracket of 10–15 years of experience need to re-invent themselves.
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