Thread: Financing
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Old 10-13-2011, 07:34 PM   #55
RRnold
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Quote:
Originally Posted by serialk11r View Post
Oh and RRnold I think you're right, at least for CS I get the same impression. Great thing about CS is they're willing to hire college graduates, you can make good stable money right out of college.
I hear folks here talk about it all the time. One example is one guy with an undergrad from Waterloo and another guy who was a grad student from UCSD and are essentially doing the same thing.

Quote:
Originally Posted by switchlanez View Post
Qualcomm... do they do a 10% reduction of force every year? I'm wondering because I once worked for a comparably sized corporation (Cisco) that practices that. I'm hesitant to join a large corporation again... I figure fighting through the struggle that smaller companies face would be good for me before I try to come back.

You're right about the networking - helped me to some extent but raw knowledge, a polished resume, and people skills are also key to landing the job.

If you are fresh out of college with an MS, you may face tough competition against MS with years of industry experience as well. But in my job search during this recession, most tech companies want MSEE/MSCS holders. When I worked for Cisco, most of the new hires alongside me held an MS with only college internship experience and about 5% (including me) were BS holders.
Qualcomm has been stable enough to not force any layoffs. During the start of the economic tumble, in '08, they had review and bonus cuts and redutions on certain expenses but thats about it. They canceled one division but managed to moved those employees to other divisions.

Cisco has a lot more employees than Qualcomm. We only have 16K employees compared to 70K @ Cisco so that is probably why it didn't hit as hard as Cisco did. Even at 16K, it still has that big corporate structure.

You're also absolutely right about all of the other requirments and networking plays its role. Oh for sure I believe having an MS will work to your advantage for the tech companies but since this field is so dynamic, the focus is more on how much experience and how much it is catered to that particular position you are applying for.
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