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Tech jobs way-up for those with advanced degrees


This article by Businessweek notes that there is a new tech boom, but it is not the "we will take anybody" boom of the late 1990's where desperate employers would hire tech workers without a formal background in Information Technology or computer Science.  Instead, low-level jobs that do not require a college education are being outsourced overseas, while the demand for this with Bachelors or Master degrees in Information Technology and Computer Science remains very strong:
"The tech job market has sprung back to life despite ongoing fears over outsourcing and the fallout from the tech recession. In 2005 some 125,000 tech jobs were created, according to Moody's This year, predicts Mark Zandi, chief economist of, the industry will have its best year since 2000, creating 217,000 jobs with rising wages. "
This articles also notes that those with Masters Degrees are in high-demand as software developers:
"Last summer, Davis' investment paid off. After getting his M.A. in computer science, Davis interviewed with 25 companies for various software engineering jobs. He ended up with offers from Lockheed Martin (LMT), Microstrategy (MSTR), and Altera (ALTR). "
This superb report notes that high-level IT jobs in software engineering and computer science are not being outsourced: 
"High-level software engineers, management consultants, and computer scientists are hot, while low-level engineering jobs continue to be shipped overseas. "We've been hiring at a rate of 10 people per day" for the last year or so, says Lynn Fox, a Google spokesperson. "It hasn't slowed." As of the third quarter in 2005, Google had 4,989 employees, up from 3,021 at the end of 2004. On its Web site, Google has openings for 707 U.S. jobs, as well as hundreds more overseas. "


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