I'm a 58 year old developer on 130k. I started off as a developer in 1999 then took a job as a systems support technician in 2006 (worst decision I ever made). In 2017 I was made redundant from that job and decided to get back into writing code, because that's where my passion has always been. Only problem was, the world of development had changed massively since I'd done it back in 2006 and it was massive mountain to climb to get back across current trends. I'm still climbing that mountain. 4 years later, after a lot hard work, and offering my services as a developer for free with a charity, I landed a job as contractor, which turned into a highly paid permanent role. You have to love what you do, and, most importantly, you have embrace change and have a passion for learning. As well as being prepared to put in the hard work and hours it takes to get across new technologies. That's the key to it.
Midlife crisis is something every IT professional will undergo during their 40’s. I am already into it. It’s common to lose motivation but keep pushing. All the best.
@@limboslim4296 it’s never been a waste of time. All these years I have learned and earned, enjoyed travelling and meeting new people. It’s all about our mindset.
sorry to tell people here people's in their 30's to 50's with IT and a topmost Job are having some type of ailment and we can see many private hospitals packed with them if you visit a doctor. Fastfoods/ day today activites / Loans are the main culprits which spoil your health. I request all working professionals to atleast eat 2 Nutritious Meals twice a week. Heart attacks and Cancer is on the rise as a Medical professional in Bangalore I reommend that you change your life style to eating Ragi Mudde - Kozhi saaru and Soppu with Rice to avoid Much Gas.
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
Hey man, don’t loose your faith. I’m 57, and on my last project (1 year ago) I worked as solution architect for $140k on W2. I watched the market and spent some time to practice and take certification (Salesforce) for that cloud and I took a job. At 40 you are in top shape, you have a hands on experience and so much energy for next endeavors. P.s. I wrote my first code 40 years ago, and don’t think I’m not tired of endlessly learning and certifying, but can’t see myself driving truck or working as plumber (I respect those positions of course, just want to say I still like this f..ng IT 😊
@@kayflip2233 what would you define as dirty work? the more you climb up the ladder, the more you need to bend down as in answerable to ppl in higher positions
Most of people working and settled abroad feel like only India service providers treat clients as 'god'. When my team talks to the third party vendor based in Romania/Poland they do their work usual and never fear to tell 'this cannot be done'. That is the major difference which I realised after working 15 years in UK.
Most Indian IT companies are unprofessional and promote their staff using mean measures to impress the clients and move up the ladder . On the other hand teams abroad are straightforward and act professionally. They work hard and focus on their tasks rather than impressing people.
Absolutely right. I have seen this first hand the Poland team were speaking their mind and the Indian management simply was pacifying them. But Indians were supposed to do whatever is told
It is due to supply and demand in India I can fire u and there will be thousands of qualified candidates ready to work at half your salary this is not true in other countires where there are lesser candidates
I just retired from IT as cyber security engineer at age 65. Part of the trick is to see the next big thing and learn the required skills. From a mainframe tech to a desktop guy, to a sysadmin to a cyber security engineer. 1979- 2022. Now retired, with my home paid off and some rental property. This can be done!
Hey! Can I connect to you over email or something? I think we are in same boat as I am also pursuing a cyber- security course from great learning, Bangalore. Being from non-IT background I want to know the job prospects after successful course completion. Kindly reply.
@@yuggauravchaudhry8682 me thinking the same....from design field i want to move into cyber security job....how hard it is i have no clue...... any guidelines.....
IT is not for everyone, I have seen many people move from Engineering backgrounds to IT during my 20 year career just for good money, the folks who have passion will survive and continue to make more money. Been in US for 18 years, work as an IT Architect for a manufacturing company, been through the 2008 financial crisis, survived all downturns just because of exceptional skills. Don't take suggestions from losers, keep your skills up to date and you will stand out from the crowd. Even if you lose your job due to layoffs, you will find one in just few weeks. Don't let your self down ever. One last thing, try to get out of services companies, you will never get the credit for your work nor you will make good money.
Would love to have a quick conversation with you Kiran. Can you drop me a note at pavan(dot)nitrkl(at)gmail I think you have a lot of insights that could help the folks in 20s and 30s shape their career with practical insights.
Things have changed IT services are paying very good salaries now. You need to be extremely lucky to get credits. So overall IT services are a big let down.
This is exactly what an author is said and he has written a book also ‘ Be so good that they can’t ignore you’ , another book era of average is over book . We can’t avoid, look at how investment bank have become, they have been laying off and hiring IT guys to automate anything and everything. This is the reality, love or hate it you can’t ignore it. Any technical professional need to understand how to ride any technological wave either cloud technology or machine learning or AI wave . The era of learning 4 years at university and spending rest of your life doing same is over in 2010 when cloud computing came into the market . We need to accept and move on and understand what needs to done rather then CRIB and CRY about how good it was in 2000 or 1995 etc
It seems like there are so many problems in IT. It's why I just remain a bus driver. In bus driving, I don't have to worry about getting laid off, I don't have to worry about bad economy, A.I. being disrespected, or taken for granite. Regardless of what happens, there will ALWAYS be people who need to get from point A to point B, there will always be people who don't have car, and there are SO MANY companies hiring DESPITE the economy to where I don't have to put up with b.s., in being taken for granite, jump through hoops, nor any of that. Plus, it's good pay, fun, I get to meet a lot of great people, see great scenery; I get lots of time off, days off to where I get to travel overseas sometimes. In fact, I'm in Peru right now! So, these are reason I avoid IT. IT is great pay too, but look at all of the B.S. that you have go through!!! And now, there's A.I.
Can't blame you. I would hate it if someone mistook me for a a coarse-grained intrusive igneous rock composed mostly of quartz, alkali feldspar, and plagioclase.
One thing i am silently noticing in office cafeteria, there are very much less people in 40s and not a single person found in their 50 except ceo and directors.
Our parental setup of farming is best than any industry. Wheat rice pulse and what else you need. Back to basics. Because of cheap workforce all this companies are their . Their is no charity every one is there to mint money.
Gen x and millennials were destroyed by boomers lol. The under-40s are the new boomers, since power structures skip generations because ppl in power hold it until they die.
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
This is in no way what I experience. I'm 56 but still going strong. Still learning. Then again - I would *never* *ever* stay in a job where I wasn't allowed to play and learn new things, That's what keeps knowledge fresh and relevant.
In my opinion, upskill is important to survive in any industry. People have to ready to learn new technologies and upskill themselves. Career transformation is also play a important role to sustain in long term.
Agree, but at few instances or projects/companies you don't get time to upskill as well they keep you so occupied that you feel so exhausted and when ever you find some time you can just think of some rest. Up skilling also needs some fresh brain or mood to think and learn
that's ok guys, ppl working till 40's or early 50's already earns a lot of money. move out of IT & start something fun on your own. those days are gone where ppl retire only at 60. be GEN Z :)
True words man 👏👏 instead to give 10-12 hours to company daily . Give that time for your own startup , not in 1 day but 1 day you will achieve everything then freedom is yours only
I was about to get bachelors in IT but then I saw this video. So I decided to apply for a postman job. Now I am in my 50s and make 25k rupees a month. I live in 1bhk govt residance and even own a Honda Shine. I am very happy about my decision. Thanks to this video.
Eye Opening Video, if I ever wishes to quit or feel like lower cost wages,, I remember the days when I slept on railway platform, working hard as Intern when most of my Office Colleagues enjoying Longer Breaks and More Pay
Very insightful thank you for sharing openly as we need people to be like you who help the people with their future. Directors and CFO leave in 5 years max so all our work is all bull shit after we reach to the top in corporate 💩 …after many years they don’t share all this. Best is business and own brand
To take the discussion of coming out of IT career needs lots and lots of financial planning.. If properly done then I would say don't quit entirely but atleast switch to a company by reducing your CTC..
I was working as a software manual tester in TCS and one day the sweeper who was sweeping behind my chair in my ODC found a bug in my application which i was testing, the LOGO was incorrect which he noticed and was " sir, ye TCS ke jagah par cognizant ka logo kyon laga hai??" He used to work as a toilet cleaner in Cognizant before. Same day I resigned from TCS and started driving OLA cab, very satisfied with my decision!!
@@vlogithan8784It's a good decision cuz he left manual testing job, it's a bad decision cuz he didn't try other IT roles/domains. But if he was not particularly interested in IT. Then I say it's a good decision
Im in mid 30s I know how this it works back in 2010. So i decided im not going to buy anything in debt I planned my entire life to escape from this IT trap. Dont ever trust these field just earn how much ever possible Long story short try to achieve a coast FIRE
That's why I always say to my colleagues that I don't intend to stick long in IT or any salaried job at all. I plan to save a decent amount and start some business by the time I am 40. Wish me luck guys.
This explains quite a lot, actually. I was working for a European telco company that had (and have) lots of contributors from companies like tata consulting, etc. And we, developers were quite unhappy with their capabilities and outputs. As you mentioned my company chose tata purely for cost effectiveness. The quality of their shipped output was not a concern. I have to admit there were some Indian guys who were good, but the majority were crap. Cheap, but crap. However, at the telco company management level all it mattered, the cost.
Thanks for Video. That is 100% correct, we just signed a contract with a big Company to provide IT-Security Services in EU. The Management told us that they have a terrible experience with one of the Company you named in the video. They want to get rid of them... Reasons you already mentioned in your video 👍
An IT guy's problems are similar to first world problems. It is a real problem but most people will feel guilty even talking about it in a country like India.
While you are 40 or 50 something, the first thing is no matter whether you are working in the company or not, it really doesn’t matter to you anymore, because you should know what you should do, how to grow yourself. Don’t rely too much on people, firstly, you have to know what your value is, and how to make a valuable things, that is all. Anything else is always secondary
I worked in teaching profession at initial stage of my career. I got into IT when I am 29 now I have around 7+ years of experience with senior developer role in an MNC. I can feel that there is no job stability and uncertainties in terms of long term career. I would definitely need some inputs to grow my career..
This video so relatable to me, as I am at 40 n going through same situation n I wasn't aware this is called as midlife crisis until recently came to know. Only, things make me work is my interest in technology but same time my mind thinks, to try something else but then responsibilities are there. Anyway, your content will help me to think in certain directions definitely, Thanks.
What we need is to upskill from traditional tech to new age tech like 1) Low Code/No Code platforms- ServiceNow, Salesforce etc 2) Integration tools : Because companies are using so many platforms(SAP, MS Dynamics, ERPs etc) 3) Learn to automate redundant process (Robotic Process Automation) 4) ML/GenAI : learn to finetune models to automate tasks for recommendation / suggestion / prediction systems. 5) Learn to make sense of data. By this i don't mean to create beautiful dashboards (my manager calls it रंगोली😂😂) but reports that could drive decision making. This things can make you a good career but yes even after these things , we always need to upscal ourselves. 😊
exactly the same for me in Vietnam, I used to work for HCL . their competitors were Wipro, Tata.. they tried to bid as lowest price as possible to win the deal
Product based companies are lot better than service based companies. I worked in one service based company and left it within 5 months. Very hectic and health ruining culture. Never going to work in service based company in future.
Based on my past experiences, the IT industry had moved towards value driven approach. As long as one tries to evolve with the changing trends and follow the trends, the career would be exciting.
I have worked with indian teams in different companies. Nice to hear that you keep your self esteem so high. From my point of view and my experience "i" are unprofessional, lazy, find any excuse possible to not do their work, they need months to accomplish simple tasks that can be done immediately, with limitless errors and bouncing the problem back on you, no accountability, no help and they sell personal data of the clients, clients' clients and then suprise suprise you receive the calls from scammers. Oh, and dont forget about incredible nepotism and favoritism as a part of the culture. Also hatred and sexism towards women. No, thank, you.
I'm right at this point in my career where I'm confused between which career path to choose. Stay in IT, become a manager in my 40s and face the problems you mentioned in the video, or take the risk and go for an alternate path like building a startup from scratch. Thank you for the video it did help me in deciding what to prioritise.
I am closing in on 40. I was demotivated and lost till couple of years back and the. Reskilled myself and then transformed my career , i feel the market is always ready for you , it quality experience. Experience is invaluable.
I'm not Indian but worked for HCL for a short time. It was terrible. Now in my 40's, I'm glad I invested my money well because I knew that 1. Technology will change fast and may render me obsolete in IT within my working lifetime 2. Age discrimination in technology and work generally will get worse so the timeline to reach financial stability is shorter than in previous years. 3. At some point I will want to have the choice to do something else more interesting or fulfilling. Save and invest to have choices.
Guys, there are good product based companies out there. Try out. It is great. I am a person into 40's. Learning is an every day process. Tools will get replace in some time. Stick to basics.
Most of his videos is about problems which going to be major on later on days and I must have to say these are really demotivating. Sir you must should be realistic but talking things as you could make it more encouraging for people's who are putting hard for it
It was a an account manager for a IT hiring company. My account was JP Morgan and IT people get treated like animals. Especially since it was contract to hire.
Great video and content! Technological changes and continuous opportunities are driving each sector crazy. We are in an era of constant change. Adopt, Survive, Triumph, Enjoy is the only way. Start liking what you are doing or start doing what you like. If you're 40 plus, there's nothing to lose.
I would say, there will be an opportunity wherever there is risk. We need to think differently to identify and grab it. This is true even today and in the future. Experience always pays off. Domain knowledge is going to be a huge deal in coming years, companies will rethink to hire experienced individuals.
This is 100% the truth in IT agency work. I was developer, then IT sales, then product manager. IT sales has to get the project in, and make all kinds of promises to the client. The work is then given to the teams, who must scope the project, and fit it into the budget outlined by management. The when the project is delivered late, and over budget, the delivery team (ultimately the project and product managers) is blamed, rather than upper management and the sales team. IT agency work is a joke.
@@Ronaldo-vk1vn It has but UI/UX will vastly change in next 10 years. Also the market actually doesn't have need for so many UI/UX engineers as it has been potrayed. So there will be cut in future when it comes to no. of UI/UX designers job available.
@@Ronaldo-vk1vnbhai software engineering mat karo ek kirana dukan se jyada kamai hojati hai aur do tin kirana dukan ho toh tum software engineer ko hire kar sakte ho 😂😂😂
@@saptarshipal6743 bro can you name any design or any software jobs which easier and higher demand ? Bro I was planning to take uiux design in next month but now don’t know what do
I see it a bit differently. Follow your dream, but stay practical too. Since 1983, I’ve been immersed in computers-both as a hobby and a career-working across countless platforms, databases, and programming languages. Yes, the IT field moves fast, and training requires an investment of time and money. But here’s the exciting part: as an IT professional, I’ve consistently anticipated global changes ahead of other industries. My forward-looking perspective, combined with my IT career, positions me as a catalyst for these transformative shifts. Regardless of your profession, staying ahead of the curve is essential. In IT, it’s not about being on the ball; it’s about being ahead of the ball. So, consider a career in IT-it’s where innovation thrives!
So many don't get the opportunity of 15+ years of well-paying jobs. Companies can't be top heavy. The economics don't support a top heavy workforce. So, naturally significant portion of that workforce end up in alternative careers. A young person/ new college graduate need not stop aspiring for an IT job being afraid of being thrown out after some age.
In India, most people would like to move into management or leadership roles by default after reaching a certain level of experience irrespective of their interest. I mostly see there is no zeal to learn but just to manage a team. On the other hand, I have seen some onsite folks happily retiring at 60-65 after working all these years as senior developer or at max as an architect in the tech industry. They appear to be having fun in what they do. Actually, they are very motivating though they are not super up to date with the latest happenings in the industry, but still their energy is inspiring.
This is the reason every one should left private job and start preparing for a govt job!!! Because in your 40's when your child is crying for food you are in another room upskilling yourself because you are laid off and you have low money because of some junior with more knowledge done your things with less salary and faster than you with the help of Ai!!
10 yoe, 5 y consulting for a GER comp they lay me off because they don't have to pay severance and they can get cheaper outsourced labor from a poorer country. The manager was crying telling me they had to lay me off but did it anyway. The compensation they were willing to offer would barely make for a decent living, if the consultancy is also getting the commission then it would put you below the median pay range. I can agree with this video 100% There are plenty of jobs in my country, RO (at 60% of the rate at the outsourcing companies you mentioned & others) but if you want to apply to GER you can only get to the first round via referral. Even there the TC has dramatically decreased.
I have been learning new things every year. Wisdom brings ability to see utility of the new tools in a new light. We absolutely provide more value with experience. Yes, there are challenges but every challenge is an opportunity to grow in the direction we want our life to be.
You have some really good points in there but it's phrased a bit weird (for European ears). Anyone who is in a market where there is a lot of price competition is wrongly positioned. I know, it can be hard to accept that, but the sooner the better. In 2024, I would try and focus less on IT services / non-R&D consulting. It's very hard there atm and long-term you are on the path of competing on price anyways. Better to get an R&D role that is more long term. It could be even as a consultant / service provider but it has to be with the right company where you do really complex stuff, projects last more like 2 years+ and it has to be sufficiently far from being automated by AI.
Why would they resign? They are in a safe position and can fire people without being fired. NO WAY they are going to resign. Even less if they are over 50.
The only way to live a good life is starting healthy, investing right and doing something by yourself which is based on intellectual property and what you love also
Move out of service company and join product based and be expert in domain (technology will change but domain won’t change) and up date with current technology affairs …. Rest all luck and time
Having done wonderful work, i was laid off and the people who were retained were close to the manager. All he had to do was show up to the office daily and go back at the end of the day and nothing more !!!!!
Most of my office colleagues above 40 visit hospital monthly for serious health issues. They have no pension like government employees. I can't think what will happen to most IT employees after 55-60. Most will be fully dependent on their children.
The problem is greed. Not everybody after 20 years is VP, but everybody wanted to be. As long as we carry this attitude, we doom the industry. It's better to be realistic and work for the future generations.
I am 36 years old....Already facing the mid life crisis.....pathetic career choice even after working for top 10 companies in the world.....u have to trade ur Health, soul and what not!...All the best to New software engineers...u will relate once u have 10+ years of experience in software.
I'm a 58 year old developer on 130k. I started off as a developer in 1999 then took a job as a systems support technician in 2006 (worst decision I ever made).
In 2017 I was made redundant from that job and decided to get back into writing code, because that's where my passion has always been. Only problem was, the world of development had changed massively since I'd done it back in 2006 and it was massive mountain to climb to get back across current trends. I'm still climbing that mountain.
4 years later, after a lot hard work, and offering my services as a developer for free with a charity, I landed a job as contractor, which turned into a highly paid permanent role.
You have to love what you do, and, most importantly, you have embrace change and have a passion for learning. As well as being prepared to put in the hard work and hours it takes to get across new technologies. That's the key to it.
Great ❤
Midlife crisis is something every IT professional will undergo during their 40’s. I am already into it. It’s common to lose motivation but keep pushing. All the best.
All the best!!
Do you feel like you've wasted the best years of your life?
I have lost it at 25 already 🤷
@@Pavansathiraju Sir Thank you
@@limboslim4296 it’s never been a waste of time. All these years I have learned and earned, enjoyed travelling and meeting new people. It’s all about our mindset.
sorry to tell people here
people's in their 30's to 50's with IT and a topmost Job are having some type of ailment and we can see many private hospitals packed with them if you visit a doctor.
Fastfoods/ day today activites / Loans are the main culprits which spoil your health.
I request all working professionals to atleast eat 2 Nutritious Meals twice a week.
Heart attacks and Cancer is on the rise
as a Medical professional in Bangalore I reommend that you change your life style to eating Ragi Mudde - Kozhi saaru and Soppu with Rice to avoid Much Gas.
the guy is giving health advice, you either take or leave it, criticizing his English proficiency is silly
You’re very stupid for posting this rubbish as a so called doctor.
Thank you for the advice
@gauthapandith you're very silly for making this comment. your compulsion to leave a comment let you miss the point.
Very good point you raised, health is very important than money
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
thank you
😵💫
Hey man, don’t loose your faith. I’m 57, and on my last project (1 year ago) I worked as solution architect for $140k on W2. I watched the market and spent some time to practice and take certification (Salesforce) for that cloud and I took a job. At 40 you are in top shape, you have a hands on experience and so much energy for next endeavors.
P.s. I wrote my first code 40 years ago, and don’t think I’m not tired of endlessly learning and certifying, but can’t see myself driving truck or working as plumber (I respect those positions of course, just want to say I still like this f..ng IT 😊
Wow mam...u r such an inspiration.
+1
I agree, 40-60 is fine. By then ideally you're just leading anyway, don't have to do the dirty work.
@@kayflip2233 what would you define as dirty work? the more you climb up the ladder, the more you need to bend down as in answerable to ppl in higher positions
Super sir
Very relatable video. This statement "Client is God" is like prayer for Indian IT service companies.
Most of people working and settled abroad feel like only India service providers treat clients as 'god'. When my team talks to the third party vendor based in Romania/Poland they do their work usual and never fear to tell 'this cannot be done'. That is the major difference which I realised after working 15 years in UK.
Most Indian IT companies are unprofessional and promote their staff using mean measures to impress the clients and move up the ladder .
On the other hand teams abroad are straightforward and act professionally.
They work hard and focus on their tasks rather than impressing people.
Absolutely right. I have seen this first hand the Poland team were speaking their mind and the Indian management simply was pacifying them. But Indians were supposed to do whatever is told
💯
It is due to supply and demand in India I can fire u and there will be thousands of qualified candidates ready to work at half your salary this is not true in other countires where there are lesser candidates
This word needs to be spread more😢
I just retired from IT as cyber security engineer at age 65. Part of the trick is to see the next big thing and learn the required skills. From a mainframe tech to a desktop guy, to a sysadmin to a cyber security engineer. 1979- 2022. Now retired, with my home paid off and some rental property. This can be done!
Hey! Can I connect to you over email or something? I think we are in same boat as I am also pursuing a cyber- security course from great learning, Bangalore. Being from non-IT background I want to know the job prospects after successful course completion. Kindly reply.
How was your work-life balance ? Office time + new skill learning, etc ?
Hlw mujhe apse kuch puchna hai,
@@yuggauravchaudhry8682 me thinking the same....from design field i want to move into cyber security job....how hard it is i have no clue...... any guidelines.....
so you consider cloud computing and devops under the "big thing' category ?
IT is not for everyone, I have seen many people move from Engineering backgrounds to IT during my 20 year career just for good money, the folks who have passion will survive and continue to make more money. Been in US for 18 years, work as an IT Architect for a manufacturing company, been through the 2008 financial crisis, survived all downturns just because of exceptional skills. Don't take suggestions from losers, keep your skills up to date and you will stand out from the crowd. Even if you lose your job due to layoffs, you will find one in just few weeks. Don't let your self down ever. One last thing, try to get out of services companies, you will never get the credit for your work nor you will make good money.
Would love to have a quick conversation with you Kiran. Can you drop me a note at pavan(dot)nitrkl(at)gmail I think you have a lot of insights that could help the folks in 20s and 30s shape their career with practical insights.
What author is saying about current situation they are alway exceptions.. 1 out of 10 people can survive various reasons...
Thanks for the sane advise.
Things have changed IT services are paying very good salaries now.
You need to be extremely lucky to get credits.
So overall IT services are a big let down.
This is exactly what an author is said and he has written a book also ‘ Be so good that they can’t ignore you’ , another book era of average is over book . We can’t avoid, look at how investment bank have become, they have been laying off and hiring IT guys to automate anything and everything. This is the reality, love or hate it you can’t ignore it. Any technical professional need to understand how to ride any technological wave either cloud technology or machine learning or AI wave . The era of learning 4 years at university and spending rest of your life doing same is over in 2010 when cloud computing came into the market . We need to accept and move on and understand what needs to done rather then CRIB and CRY about how good it was in 2000 or 1995 etc
@nagesha1978 is investment banking dead now ?
At 50 what wave you are talking about which they can ride. Life is more than giving sassy dialogues.
There is a saying: "If you think that an expert is expensive, wait till you hire a beginner! "
if you think hiring a beginner could be expensive, wait until you fire the beginner and expect AI to do everything
AI is the expert now
@@justicesompo 🤣
@@brainites 🤣
What does this mean? Can someone please explain
It seems like there are so many problems in IT. It's why I just remain a bus driver. In bus driving, I don't have to worry about getting laid off, I don't have to worry about bad economy, A.I. being disrespected, or taken for granite. Regardless of what happens, there will ALWAYS be people who need to get from point A to point B, there will always be people who don't have car, and there are SO MANY companies hiring DESPITE the economy to where I don't have to put up with b.s., in being taken for granite, jump through hoops, nor any of that. Plus, it's good pay, fun, I get to meet a lot of great people, see great scenery; I get lots of time off, days off to where I get to travel overseas sometimes. In fact, I'm in Peru right now! So, these are reason I avoid IT. IT is great pay too, but look at all of the B.S. that you have go through!!! And now, there's A.I.
Tesla Bus w/ Autopilot FSD has entered the chat...
@@t3r083 Jip. We all need to change.
Can't blame you. I would hate it if someone mistook me for a a coarse-grained intrusive igneous rock composed mostly of quartz, alkali feldspar, and plagioclase.
That's what she said
One thing i am silently noticing in office cafeteria, there are very much less people in 40s and not a single person found in their 50 except ceo and directors.
You can find them in hospitals😏
I work from home. I refuse to commute regularly to the office now.
There are multiple reasons.
Our parental setup of farming is best than any industry. Wheat rice pulse and what else you need. Back to basics. Because of cheap workforce all this companies are their . Their is no charity every one is there to mint money.
Gen x and millennials were destroyed by boomers lol. The under-40s are the new boomers, since power structures skip generations because ppl in power hold it until they die.
When a company is sold as "young and energetic", stay away. If there are no veterans, is because the work-life balance is ludicrous.
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Deborah Lynn Dilling is the licensed advisor I use.Just research the name. You'd find necessary details to work with to set up an appointment
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
This is in no way what I experience. I'm 56 but still going strong. Still learning. Then again - I would *never* *ever* stay in a job where I wasn't allowed to play and learn new things, That's what keeps knowledge fresh and relevant.
In my opinion, upskill is important to survive in any industry. People have to ready to learn new technologies and upskill themselves. Career transformation is also play a important role to sustain in long term.
absolute truth !
Agree, but at few instances or projects/companies you don't get time to upskill as well they keep you so occupied that you feel so exhausted and when ever you find some time you can just think of some rest. Up skilling also needs some fresh brain or mood to think and learn
@@rambalaji7552 you are giving excuses which won't suit for IT job
that's ok guys, ppl working till 40's or early 50's already earns a lot of money. move out of IT & start something fun on your own. those days are gone where ppl retire only at 60. be GEN Z :)
Ghar Wale ko manana muskil
@@osamaobama1574 Gharwale sab mar jayenge tabtk.
Biwi toh khud chahegi job wob chhodne
What can be done any examples
@@AlokKumar-fh9gy sell pani puri
Pani puri wala tere se jyada kamata hai..@@pb25193
True words man 👏👏 instead to give 10-12 hours to company daily . Give that time for your own startup , not in 1 day but 1 day you will achieve everything then freedom is yours only
Correct hai..👍
I was about to get bachelors in IT but then I saw this video. So I decided to apply for a postman job. Now I am in my 50s and make 25k rupees a month. I live in 1bhk govt residance and even own a Honda Shine. I am very happy about my decision. Thanks to this video.
Eye Opening Video, if I ever wishes to quit or feel like lower cost wages,, I remember the days when I slept on railway platform, working hard as Intern when most of my Office Colleagues enjoying Longer Breaks and More Pay
you don’t owe your co anything. Give them 9-5 and use the free time to figure out how to manage your finances , future plans..
Totally agreee what you said. I think IT Is going to worst in next 10 years. Now it’s not long term career
I agree with you, finding a IT job in your 40's and 50's is very difficult in high tech.
Very insightful thank you for sharing openly as we need people to be like you who help the people with their future. Directors and CFO leave in 5 years max so all our work is all bull shit after we reach to the top in corporate 💩 …after many years they don’t share all this. Best is business and own brand
To take the discussion of coming out of IT career needs lots and lots of financial planning.. If properly done then I would say don't quit entirely but atleast switch to a company by reducing your CTC..
Which company allows low stress work for lower CTC?
Now we understand why we should strat Content creation in you tube like you..this is the only way now after 40
AI is taking over content creation. AI create scripts videos animation voice's
Prepare for govt job or have ur own business is the silent message given in this video .
In India?? Seriously ??
@@gauravjha8938 yes
@@ravijeeverma876 How Ironical … The people working in IT did just that for not doing those in the first place…
I was working as a software manual tester in TCS and one day the sweeper who was sweeping behind my chair in my ODC found a bug in my application which i was testing, the LOGO was incorrect which he noticed and was " sir, ye TCS ke jagah par cognizant ka logo kyon laga hai??" He used to work as a toilet cleaner in Cognizant before. Same day I resigned from TCS and started driving OLA cab, very satisfied with my decision!!
Foolish decision
@@vlogithan8784 I want to give you a good response but never mind!
@@vlogithan8784It's a good decision cuz he left manual testing job, it's a bad decision cuz he didn't try other IT roles/domains. But if he was not particularly interested in IT. Then I say it's a good decision
😂 joking
People at lower level suffer when senior/top management who make UNREALISTIC PROMISES to clients in order to impress them OR to get the new work.
Every single word is Gold. I have gone through all things said by you sir.
Im in mid 30s I know how this it works back in 2010. So i decided im not going to buy anything in debt
I planned my entire life to escape from this IT trap.
Dont ever trust these field just earn how much ever possible
Long story short try to achieve a coast FIRE
That's why I always say to my colleagues that I don't intend to stick long in IT or any salaried job at all. I plan to save a decent amount and start some business by the time I am 40. Wish me luck guys.
This explains quite a lot, actually. I was working for a European telco company that had (and have) lots of contributors from companies like tata consulting, etc.
And we, developers were quite unhappy with their capabilities and outputs. As you mentioned my company chose tata purely for cost effectiveness. The quality of their shipped output was not a concern. I have to admit there were some Indian guys who were good, but the majority were crap. Cheap, but crap. However, at the telco company management level all it mattered, the cost.
This is what happening IT industry "Cost driven".
Thanks for Video. That is 100% correct, we just signed a contract with a big Company to provide IT-Security Services in EU. The Management told us that they have a terrible experience with one of the Company you named in the video. They want to get rid of them... Reasons you already mentioned in your video 👍
An IT guy's problems are similar to first world problems. It is a real problem but most people will feel guilty even talking about it in a country like India.
While you are 40 or 50 something, the first thing is no matter whether you are working in the company or not, it really doesn’t matter to you anymore, because you should know what you should do, how to grow yourself.
Don’t rely too much on people, firstly, you have to know what your value is, and how to make a valuable things, that is all. Anything else is always secondary
Golden words of inspiration! Thanks @fangtom9128
There's no stability in it.. it's a well-known thing..😊
I worked in teaching profession at initial stage of my career. I got into IT when I am 29 now I have around 7+ years of experience with senior developer role in an MNC. I can feel that there is no job stability and uncertainties in terms of long term career. I would definitely need some inputs to grow my career..
This video so relatable to me, as I am at 40 n going through same situation n I wasn't aware this is called as midlife crisis until recently came to know. Only, things make me work is my interest in technology but same time my mind thinks, to try something else but then responsibilities are there. Anyway, your content will help me to think in certain directions definitely, Thanks.
How's the work-life balance in IT ? Office time, new skill learning time, overtime especially on holidays like weekends ?
true. i don't even think for tomorrow.
you should
IT is garbage these days....
But the reality is anything you don't own yourself is garbage nowadays.
@Pavansathiraju, you Nailed the point Clearly, boldly & beautifully - the Reality face of IT Sector.
And here I am trying to get into IT at 31😅😄
Same 😂
30-34 is the age where I want to transition out of IT and into the physical science space (healthcare). I'm 23 now.
Same here 😂😅
@@adamasimolowo8285 How can we move from IT into healthcare? Any ideas? Since we don't have any degrees for that field?
@@sid7161 Going back to school part-time while working.
Perfect analysis. Mann ki baat kahdi
Every year they come up with reduce cost whereas the inflation is high. Service industry does not mean it's slave industry
*_being at 40's and out of job is the worst part. AI takes over and old people got replaced_*
🤣
What we need is to upskill from traditional tech to new age tech like 1) Low Code/No Code platforms- ServiceNow, Salesforce etc
2) Integration tools : Because companies are using so many platforms(SAP, MS Dynamics, ERPs etc)
3) Learn to automate redundant process (Robotic Process Automation)
4) ML/GenAI : learn to finetune models to automate tasks for recommendation / suggestion / prediction systems.
5) Learn to make sense of data. By this i don't mean to create beautiful dashboards (my manager calls it रंगोली😂😂) but reports that could drive decision making.
This things can make you a good career but yes even after these things , we always need to upscal ourselves. 😊
exactly the same for me in Vietnam, I used to work for HCL . their competitors were Wipro, Tata.. they tried to bid as lowest price as possible to win the deal
Product based companies are lot better than service based companies. I worked in one service based company and left it within 5 months. Very hectic and health ruining culture. Never going to work in service based company in future.
Your College? What was your starting salary?
Based on my past experiences, the IT industry had moved towards value driven approach. As long as one tries to evolve with the changing trends and follow the trends, the career would be exciting.
Ageism is rampant in IT. I'm in my 70's, been out of work for over a year, and can't even get an interview. Seems too much experience scares folks.
Why are you still working at 70
@@wabbit6653 need the income. SS doesn't cut it
I have worked with indian teams in different companies. Nice to hear that you keep your self esteem so high. From my point of view and my experience "i" are unprofessional, lazy, find any excuse possible to not do their work, they need months to accomplish simple tasks that can be done immediately, with limitless errors and bouncing the problem back on you, no accountability, no help and they sell personal data of the clients, clients' clients and then suprise suprise you receive the calls from scammers. Oh, and dont forget about incredible nepotism and favoritism as a part of the culture. Also hatred and sexism towards women. No, thank, you.
learn a trade, stay away from IT
Dev of 15 years
I'm right at this point in my career where I'm confused between which career path to choose. Stay in IT, become a manager in my 40s and face the problems you mentioned in the video, or take the risk and go for an alternate path like building a startup from scratch. Thank you for the video it did help me in deciding what to prioritise.
what is your decision?
Switch to managerial roles.
How much savings and investment do you have?
@@anshuswetanjay Enough to last atleast a year.
@@intellectfactory didn't you invested properly or did something like FiRe?
doesnt require explaining, its common sense 101... was true 10 years back will remain true in foreseeable future.
Which industry is bullet proof, in the last decade almost all industry is having the same trajectory.
Either optimise or become more agile in mind so that u keep learning new things
I am closing in on 40. I was demotivated and lost till couple of years back and the. Reskilled myself and then transformed my career , i feel the market is always ready for you , it quality experience. Experience is invaluable.
I am facing midlife crisis since 7 years. I am somehow hanging on. Now I am 40.
I don't think you need to hang on. Also, how long can you hang on? It's better to take action towards coming out of it.
How much savings and investment do you have?
@@gautamsrikrishna what is the meaning of midlife crisis?
@@Raja-dm7jknot understanding what to do with life in middle age(40-50)
You must think of the second option if you're working in IT.
I believe that INDIAN IT industry is not for weak hearts....better to shift towards management role
I'm not Indian but worked for HCL for a short time. It was terrible. Now in my 40's, I'm glad I invested my money well because I knew that
1. Technology will change fast and may render me obsolete in IT within my working lifetime
2. Age discrimination in technology and work generally will get worse so the timeline to reach financial stability is shorter than in previous years.
3. At some point I will want to have the choice to do something else more interesting or fulfilling.
Save and invest to have choices.
Guys, there are good product based companies out there. Try out. It is great. I am a person into 40's. Learning is an every day process. Tools will get replace in some time. Stick to basics.
Most of his videos is about problems which going to be major on later on days and I must have to say these are really demotivating. Sir you must should be realistic but talking things as you could make it more encouraging for people's who are putting hard for it
Yeah I should stop watching this
It's reality
Don't watch now , 40 ka hone ke baad dekhna
Don't get demotivated, ppl who have started their own ventures will always have something against the corporate jobs not that startups are easier
Cause fear sells 😂
Thanks for sharing your great opinions it's real and it would be helpful to a lot of people 💯
It was a an account manager for a IT hiring company. My account was JP Morgan and IT people get treated like animals. Especially since it was contract to hire.
Nailed it. Unless ppl come to this conviction that we have a expiry date in office, they are not gonna change. Nice stuff to enlighten ppl
Excellent !
This is what I am going through ...
Good to keep the ship light and train the children to drink less fuel else at 40 plus life will be of full anxiety ! I am 40 plus 😢
Great video and content! Technological changes and continuous opportunities are driving each sector crazy. We are in an era of constant change. Adopt, Survive, Triumph, Enjoy is the only way. Start liking what you are doing or start doing what you like. If you're 40 plus, there's nothing to lose.
I would say, there will be an opportunity wherever there is risk. We need to think differently to identify and grab it. This is true even today and in the future. Experience always pays off. Domain knowledge is going to be a huge deal in coming years, companies will rethink to hire experienced individuals.
100% agreed with you, the same situation is everywhere
This is 100% the truth in IT agency work. I was developer, then IT sales, then product manager. IT sales has to get the project in, and make all kinds of promises to the client. The work is then given to the teams, who must scope the project, and fit it into the budget outlined by management. The when the project is delivered late, and over budget, the delivery team (ultimately the project and product managers) is blamed, rather than upper management and the sales team. IT agency work is a joke.
Very well articulated... But no solution. We have to either dig our own grave or build our own path... 😂
Building our own path definitely sounds better:)
switch to a product based company
I am done as Software Engineer, resigned from Wells Fargo, now I am venturing into my online business
Bro is software engineer is boring job? Does ui/ux design have job oppertunities now ? 😢
@@Ronaldo-vk1vn It has but UI/UX will vastly change in next 10 years. Also the market actually doesn't have need for so many UI/UX engineers as it has been potrayed. So there will be cut in future when it comes to no. of UI/UX designers job available.
@@Ronaldo-vk1vnbhai software engineering mat karo ek kirana dukan se jyada kamai hojati hai aur do tin kirana dukan ho toh tum software engineer ko hire kar sakte ho 😂😂😂
@@Blackoutfor10days bhai I don’t have interest in coding 😂 that’s why I was going to take uiux design but don’t know what do 😭
@@saptarshipal6743 bro can you name any design or any software jobs which easier and higher demand ? Bro I was planning to take uiux design in next month but now don’t know what do
Glad this video popped up. Been having these thoughts and glad that I wasn’t crazy. Thank you
If you have mastered any one skill, you will get job anywhere in the world at any age (applicable to IT industry as well). I got at 57.
thanks for making this video, this was in my mind for so long, good to know someone is talking about these facts.
You look like one of my teachers whose name was Subhash sir. He passed away due to covid. 😢 Be blessed and keep up the legit work!
I see it a bit differently.
Follow your dream, but stay practical too. Since 1983, I’ve been immersed in computers-both as a hobby and a career-working across countless platforms, databases, and programming languages. Yes, the IT field moves fast, and training requires an investment of time and money.
But here’s the exciting part: as an IT professional, I’ve consistently anticipated global changes ahead of other industries. My forward-looking perspective, combined with my IT career, positions me as a catalyst for these transformative shifts. Regardless of your profession, staying ahead of the curve is essential.
In IT, it’s not about being on the ball; it’s about being ahead of the ball. So, consider a career in IT-it’s where innovation thrives!
It´s always a pleasure to hear ChatGPT write.
So many don't get the opportunity of 15+ years of well-paying jobs. Companies can't be top heavy. The economics don't support a top heavy workforce. So, naturally significant portion of that workforce end up in alternative careers. A young person/ new college graduate need not stop aspiring for an IT job being afraid of being thrown out after some age.
he should be afraid off....only when u r afraid of, you will think of alternatives..else u will struggle in 40s...
In India, most people would like to move into management or leadership roles by default after reaching a certain level of experience irrespective of their interest. I mostly see there is no zeal to learn but just to manage a team. On the other hand, I have seen some onsite folks happily retiring at 60-65 after working all these years as senior developer or at max as an architect in the tech industry. They appear to be having fun in what they do. Actually, they are very motivating though they are not super up to date with the latest happenings in the industry, but still their energy is inspiring.
I see many people like this in the U.S.; why isn’t this happening in India?
This is the reason every one should left private job and start preparing for a govt job!!! Because in your 40's when your child is crying for food you are in another room upskilling yourself because you are laid off and you have low money because of some junior with more knowledge done your things with less salary and faster than you with the help of Ai!!
10 yoe, 5 y consulting for a GER comp they lay me off because they don't have to pay severance and they can get cheaper outsourced labor from a poorer country. The manager was crying telling me they had to lay me off but did it anyway.
The compensation they were willing to offer would barely make for a decent living, if the consultancy is also getting the commission then it would put you below the median pay range.
I can agree with this video 100%
There are plenty of jobs in my country, RO (at 60% of the rate at the outsourcing companies you mentioned & others) but if you want to apply to GER you can only get to the first round via referral. Even there the TC has dramatically decreased.
I have been learning new things every year. Wisdom brings ability to see utility of the new tools in a new light. We absolutely provide more value with experience. Yes, there are challenges but every challenge is an opportunity to grow in the direction we want our life to be.
Excellent video! Amazing how you just summarized everything
You have some really good points in there but it's phrased a bit weird (for European ears).
Anyone who is in a market where there is a lot of price competition is wrongly positioned. I know, it can be hard to accept that, but the sooner the better.
In 2024, I would try and focus less on IT services / non-R&D consulting. It's very hard there atm and long-term you are on the path of competing on price anyways.
Better to get an R&D role that is more long term. It could be even as a consultant / service provider but it has to be with the right company where you do really complex stuff, projects last more like 2 years+ and it has to be sufficiently far from being automated by AI.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
I'm not in IT, but the title sounded interesting. An interesting video, thank you.
Problem is that ai,robots,automation will take over many jobs in the future. I dont see a very bright future in IT.😢😢😢😢😢
Why would they resign? They are in a safe position and can fire people without being fired. NO WAY they are going to resign. Even less if they are over 50.
Because they have something called self respect
The only way to live a good life is starting healthy, investing right and doing something by yourself which is based on intellectual property and what you love also
Move out of service company and join product based and be expert in domain (technology will change but domain won’t change) and up date with current technology affairs …. Rest all luck and time
One of my uncles quit IT services company at 50 only to start a cafe. He says mental pressure is very high at Director/Vp Level.
Having done wonderful work, i was laid off and the people who were retained were close to the manager. All he had to do was show up to the office daily and go back at the end of the day and nothing more !!!!!
Most of my office colleagues above 40 visit hospital monthly for serious health issues. They have no pension like government employees. I can't think what will happen to most IT employees after 55-60. Most will be fully dependent on their children.
The problem is greed. Not everybody after 20 years is VP, but everybody wanted to be. As long as we carry this attitude, we doom the industry. It's better to be realistic and work for the future generations.
I am 36 years old....Already facing the mid life crisis.....pathetic career choice even after working for top 10 companies in the world.....u have to trade ur Health, soul and what not!...All the best to New software engineers...u will relate once u have 10+ years of experience in software.
Same here