IT Jobs in HK
Monday, April 23rd, 2007 -- By ET
Today, Vice President, Prof. Kar Yan Tam came as a guest speaker at the ISMT101 class. He gave some very nice arguments about how IT is needed in the industry and how students can benefit from a degree in IT. Some numbers are worth taking down:
The students in “Global Business” track are the students came in with highest scores, followed by “Quantative Finance”. At the point of graduation, the “Global Business” students indeed obtain the highest entry salary, around HK$14,000/month. However, the runner-up in terms of highest paid graduates is not QF, but IT. Other majors, like accounting, etc. lags behind to get an average salary around HK$11,500.
The other speaker Leroy Yau from Ernst&Young also reported something interesting about IT auditing. When he joined the firm 10 years ago, there were only 5 people working in IT auditing, then 5 years ago, his group had 20 people. This year, the number of people is more than 200, and it is still increasing at the speed of 30-50% per year.
I suspect we are going through a period for IT jobs similar to the one for IT investment that confused practitioners and academics alike: the Productivity Paradox period. (c.f. Robert Solow)
Maybe the IT jobs are shifting toward more sophisticated IT professionals rather than staying for the programmers. Similar for the case of shifting from blue-collar jobs to white-collar jobs in the past.
David Autor from MIT wrote a paper long time ago about skill content: The Skill Content of Recent Technological Change: An Empirical Exploration (David H. Autor, Frank Levy and Richard J. Murname, November 2003, Quarterly Journal of Economics, 118(4)) . Another his famous paper is :Wiring the Labor Market. (David H. Autor, Winter 2001, Journal of Economic Perspectives, 15(1))
I think these all point to one direction: IT job is in great need, but people need to be prepared to change the mind set. They are not about programming. They are about using IT effectively in the corporate context, and a good understanding of both IT and business/management is needed for these jobs.
IT auditing is probably a good marriage between IT and accounting, I can think about other good examples: IT&Marketing, IT&Finance, IT&OM, in fact IT can be used in all aspects of the business world, and a good knowledge in these surely creates a nice competitive advantage over other potential combinations.








