Job in tech IT sector or steel manufacturing business?

Choosing between a career in the tech IT sector or staying in steel manufacturing?

I’m 23 years old and recently inherited $200,000 after my father’s passing. As a mechanical engineer currently in the steel industry, I have two paths I can take with this money. What should I consider?

Option A: Pursue a Master’s in Computer Science in the USA or Europe and aim for a job in the tech sector.

Option B: Remain in the steel industry and eventually launch my own steel product manufacturing company or engage in trading related to steel products.

What are your thoughts?

One Reply to “Job in tech IT sector or steel manufacturing business?”

  1. First of all, I’m really sorry to hear about your dad’s passing. That must have been a challenging time for you.

    When considering your options, here are a few factors to think about:

    A) Masters in Computer Science in the USA or Europe:

    1. Career Opportunities: The tech sector is booming with a wide array of job opportunities and higher salary potential. Skills in computer science can lead to roles in software development, data science, or even tech management.
    2. Field Growth: The tech industry continues to grow and evolve, offering opportunities for innovation and entrepreneurship.
    3. Transition Skills: If you’re interested in how tech can impact manufacturing, combining your mechanical engineering background with computer science could open doors to roles in smart manufacturing, automation, or industrial IoT.

    B) Continue in Steel Manufacturing:

    1. Leverage Existing Skills: As a mechanical engineer in the steel sector, you have a foundation and understanding of the industry. This might allow you to move into business ownership more smoothly than starting from scratch in tech.
    2. Investment in the Business: Starting your steel product manufacturing or trade could offer a chance to create a legacy in your family’s tradition while potentially yielding significant financial returns.
    3. Industry Knowledge: You may already have insights into market trends and customer needs within the steel industry, which could give you an edge in business.

    Considerations:

    • Passion and Interest: What excites you more? Are you passionate about technology and programming, or do you have a strong commitment to the steel industry?
    • Long-term Vision: Where do you see yourself in 5-10 years? What kind of work-life balance do you desire?
    • Risk vs. Stability: The tech sector can be unpredictable, while manufacturing may offer more stability, especially if you’re entering with existing skills and connections.

    Ultimately, aligning your decision with your long-term career goals and personal interests is key. You might even consider a hybrid approach, like taking relevant tech courses or certifications while still working in steel manufacturing. This way, you could keep your options open as you navigate your career path. Good luck!

    Reply

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