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IT Industry Recession Proof And Wants College Grads

 “We’re hiring as fast as we can. The past six months have been the peak for us”, said the CEO of Platinum solutions Laila Rossi; not something you would expect to hear given the current global recession. Yet according to the Washington Post  the most expanding industry is the information technology industry due to the steady pace of government contracts and technology emphasis under the new Obama Administration. Citing the Reston research firm Input, the federal government is estimated to increase IT spending over 3.5% within the next five years with an estimated $15 billion designated towards the IT industry under the Obama stimulus package. Explained by manager of industrial analysis at Input Deniece Peterson, “This is a spend-to-save administration.”

College graduates with specialization in information technology, specifically useful towards the cyber security industry, have the most to gain from the increase in job opportunities in the IT industry. Senior vice president of CACI notes that college students are uniquely in touch with technology advancement saying, “There’s definitely a glut of kids out there — really sharp people — who are looking for jobs or waiting tables.” 

Government contracting giant Lockheed Martin increased its internship program by 30% this year, according  to corporate staffing director Mike Byrne.  Computer Science Corporation will hire 300 recent college graduates by the end of 2009, compared to 250 in 2008. Smaller IT firms expanding as well, including Maryland IT consulting firm MicroServe, expanding tripling its staff this year. 

Barry Downs, branch manager for Robert Half Technology, a recruiting firm in the District, explains “A recent college graduate looking to make $50,000 may be competing with someone with five years of experience willing to work for the same amount. Clients can get more for a little less — getting more experience but at a lower salary is very appealing.”

Bottom Line: the government contracting, specifically in the IT industry, is capitalizing on the large amount of tech-savy college grads in need of a job.

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