Being my previous employer and having few scrip, I was glued to the tv screen to check out Satyam's results few days back. Though it was in the expected lines, the dent in profits was definitely a cause for concern. This was mainly attributed to the rising rupee in the global market and Satyam was not the only exception here.
There is a small article in EC-23rd July. "falling dollar will push IT firms to innovate"-by Sudin Apte, Country head-Forrester research. One idea he suggests here for improvement is "flattening the delivery pyramid".
From current developer vs. manager ratio of 18 or 20:1, firms need to move to 30:1, providing next level of savings and part relief from the ever rising attrition".
I feel this kind of decision has a major impact not only in the IT but on the job market as a whole. In present day scenario, most of us enter into the job market right after graduation/engineering, through spot selections and campus placements. After few years of putting in service and jumping organizations, there is a possibility of stagnation.
On the other hand a few who choose to go for higher studies like PG in the same stream or and MBA without taking up a job, stand a better chance of landing in higher management positions.
Taking a break from the career and going for higher studies is a good option. But there are lot of commitments which worry us from taking this decision. We've been discussing this at home for quite some time now. Hope we come up with a solution for my husband to go in for higher studies...