I have worked in the IT Industry for over 35 years, with 30 years in the private sector. I ended up as a Consultant working for a Global IT Company before I retired 5 years ago. My employer billed my time at between £1000 and £1400 per day, and in those days I was probably paid as much as a Head Teacher at a poor school.
BUT I had no life; I lived out of a suitcase, I was away Mon-Fri most weeks, working 10-14 hour days. My 'patch' covered Europe...... with long spells in the USA. I missed my children growing up; at weekends all I wanted to do was relax & unwind, every Sunday evening I could feel the tension rising as the prospect of another week away loomed.
Yes I was paid very well; I paid plenty of tax too. My family reckoned I would be dead at 55 because of stress, or having fallen asleep at the wheel. I will be 56 this year, with every prospect of living a while longer because of my lifestyle change.
I consider myself fortunate to have had a long & successful career in IT, but when it comes to enjoying what I am doing I have to say working at my school is the best thing I have done in the last 10 years!
Just because you know all those programming languages and other skills means jack if you don't have the skills that are in demand and can command a premium. In fact, typically being a programmer is not a lucrative specialism whatever language you program in. That's not a slight on you - and i'm sure you couldn't care less that some oracle financials consultant somewhere is commanding £800 a day despite having probably half the all-round IT knowledge of you're good self - but that's just the reality of the situation. You might think you have the right skillset to command much higher pay, but you don't, infact very few of us do - i know i certainly don't.....
Like broc i know of consultants who earn £800+ a day, and earn that amount on projects on a daily basis as they are effectively full-time employess in all but status. Others work on a contract basis. There is a lot of travelling and that missed time with you're children you can never get back - but a lot of people would say it's for they're childrens financial security that they are doing that kind of work.
As I said these days self-employed consultants can conceivably retire within a decade after going it alone having paid off the mortgage and put they're kids through private school, but not everyone can choose that career direction. Job satisfaction and happiness is all very well - but it doesn't always pay the bills, particularly at the current expensive standard of living, and they're something to be said for not being burdened with a large debt for the rest of you're life. No-ones going to hand it you on a plate...you've got to go out there and earn that money and you're certainly not going to get rich if you take the 'easy' option of working in a school or being any other wage slave. It's probably better for work-life balance but not for long-term financial security.
Last edited by torledo; 18th January 2008 at 01:56 PM.
There are currently 1 users browsing this thread. (0 members and 1 guests)