Humans are developing and upgrading, which is giving birth to new inventions and technologies. We have computers, phones, laptops, tablets, chatbots, robots, self-driving cars, and much more in our hands, thanks to technology. With the growth of these fields, there comes the requirement to manage them. Therefore, we have management services, accounting, finance-related knowledge, and many more to ensure the organization is doing well and sustain itself in the market. The technical study revolves around the overgrowing latest ideas of development and management related to the digitalized world. Engineering and computer science are the founding pillars of this specialized branch. On the other hand, accounting and finance are the pillars of their management. Okay, What is the technical study?
We will help you understand the technical field, the benefits of studying it, why you must study it, what are technical fields of study are, and the jobs in the technical field. We will look at all these aspects.
About Technical Study
The technical study revolves around the basics of business. The technical study includes branches from electrical engineer to mechanics, from computer science engineer to us using computer systems, from robotics engineer to programmer, from maintaining the finances to taxes. Every part of technology holds a lot of learnings within them. This world needs brilliant minds who understand and can manipulate technology in human favor.
Have you ever traveled through trains, metro trains, airplanes, or any other vehicles? How are they made, and how do they work? This is all work of engineers and their brilliant minds that keeps them functioning. Computers, laptops, mobile phones, and the internet are developed by no other than technical learners. Brilliant minds are forming robots to use them in various fields. Chatbots like Google Assistant and Alexa are widely used to minimize day-to-day activities and provide comfort.
Why study it?
Technology is growing at a rapid speed, and there is a null probability that it will decline. If you know how to use technology and consume it, you have hundreds of fields to execute them. It is beneficial in your day-to-day works and requirements. You don’t have to look towards cyber cafes. You can work on your own.
When you have a career option that pays very well, demands many workers, and is never going to decline. Why not choose it. Your interests and creativity will be pretty helpful for the job. You and your cubicle will form an impressive team and will create some real stuff. Or you can team up with the documentation and keep a perfect record of everything.
You can become a software engineer, game developer, ethical hacker, cybersecurity adviser, mechanical engineer, technical writer, freelancer, accountant, financer, database manager, auditor, economist, statistical, and whatnot. As businesses are growing, they need talented personalities to work with them and help them grow. This list will not stop that quickly as there are various jobs and career paths that the technical field provides.
Where to study it?
There are quite a lot of universities and colleges that offer degrees in technical fields. So you have various paths from which you can choose where you want to move. Moreover, in this easily accessible technological world, you do not even need to look towards universities to learn whatever you what through the internet, even for free! Hundreds and thousands of people are approaching the technical career paths and earning more than you could imagine. Some of whom have never even gone to any learning institutes. However, their curiosity and passion made them what they are now. There is so much free stuff present online which will help you. You can take help from tutors who are available for you 24*7. You can purchase different courses and study materials. You just need to make yourself interested, and the stuff and material are not limited.
Technical Fields of Study
The technical field of study is what directly relates to the professional field of business. What are necessary for starting, continuing, and maintaining the business and its aspects. The technical field of study contains information technology, accounting, finance, economics, business law, auditing, management services, statistics, specialized knowledge, and few others. Let us find a bit of information about all of these.
- Information Technology – Information technology is excessively used not just around the world but even beyond that. For example, we are using Information technology to gain information about our solar system and our galaxy. We have data about other galaxies in this universe thanks to information technology. Internet, which is considered the best product of Information technology which is accessible by each individual. It provides global connectivity and data regarding your every requirement. Social connections, reserving your seats, setting appointments, video conferencing, finding jobs, music, means of entertainment, and the list can never end. Information technology has helped humans in every situation. One example we saw recently in this time of the covid pandemic. So many day-to-day tasks are now comparatively easier thanks to information technology. However, the examples of what information technology has provided and what it is capable of cannot end that easily.
- Accounting – The business earns money and expends it in assets so that it can make even more money. The process of tracking earnings and expenditures is known as accounting. Accounting helps the business provide quantitative financial information, which could benefit the business to the owner, management, stakeholders, investors, and government. To provide perfect and accurate details of the respected business to make suitable decisions which will be helpful to make right decisions, accountants are responsible for providing all these pieces of information. So Finance is a part of accounting that we would know about in our next segment.
- Finance – Businesses are all about purchasing goods or using the existing ones, then forming another good or utilizing the already present ones with a brand name and facilities, then selling the good or developing the idea and earning through it. Finance plays a vital role in business as it keeps an eye on the money and makes sure they are not out of cash. They are securing the capital of the company and funds and making sure where the money will get invested and how the company would benefit from it.
- Economics – Economics holds some concepts of business-like scarcity. But, on the other hand, it includes product factors, distribution, and consumption. Moreover, it deals with financial transactions, organization-related jobs, and market-related issues which the organization might face are tackled before even entering those circumstances. We would like to share that NABE, an abbreviated form of the National Association for Business Economics, is a professional association for economists in the U.S.A.
- Business Law – The law that governs commercial matters and how they are handled and related things are known as Business law. Business law is a body of rules by agreement, convention, national or international legislation, which governs the deals between individuals in business matters. It is responsible for regulating commercial entities by the laws of respected company, partnership, agency, or bankruptcy. Business law is also responsible for regulating commercial transactions by the business laws of contracts and such related fields.
- Auditing – The process or method used to examine the existing records of the business and make sure the documentation and data are correct, complete, and match the standards. Auditing helps the company and the investors to understand the operations more effectively and in-depth.
- Management Services – Management services are some services that help businesses to maintain their position or expand themselves. Some of the management services might include helping in taxes and bookkeeping, making the strategies for investments and their administration, licensing the company’s assets, royalties of trademark and copyright, and administrating the patent tools.
- Statistics – This involves, keeping track records of the past so that the information can be helpful in the future. Forming data graphs to track the income, expenditures, goods, supply, manufacturing, selling, reviews, and other changes. According to that data, this method of keeping the pieces in their places and taking future decisions is known as statistics. Statistics help the business in calculating accurately and monitor the graphs representing the ups and downs of the business. These graphs turn out helpful in predicting the situations that might affect the workings and tackle them before they can.
Now, let us look at the various job possibilities after studying the topics mentioned above. After that, we will be discussing the salary and other stuff related to the job.
- Information Technology – In the IT department, you have various job options as it is not just a single sector. The IT department consists of so many job professions like a software engineer, game developer, website creator, multimedia programmer, database manager, ethical hacker, cybersecurity advisor, technical writer, and many more. These jobs are computer system-based jobs and fall into the category of a technical profession. These jobs have requirements of different kinds, for example, software developers have to know all programming languages and how to code in them, database managers need to know SQL and how they can control data through it.
Now let us look at the earnings we can have through these professions, shall we? We are going to look through the salary on an average and annual basis. A software engineer and website creator earn from $63,000 to $270,000. A game developer earns from $57,000 to $100,000. A multimedia programmer earns from $66,000 to $100,000. A database manager earns from $63,000 to $95,000. An ethical hacker earns from $90,000 to $170,000. A cybersecurity advisor earns from $57,000 to $120,000 while in the US Department of defense cybersecurity pays $124,000 to the engineers. A technical writer earns from $69,000 to $100,000.
- Accounting – The business works through money, for money, and with money. Therefore, handling this money is a real task. Businesses are in constant need to hire employees who can handle it well. Tracking the income and outcomes of cash in the business and providing effective information are all the duties of an accountant. Accountants are paid an average that varies from $51,000 to $67,000.
- Finances – Keeping an eye on goods and making sure they are purchased, manufactured, and sold with ease and gained a benefit. A finance-related person is said to earn an average of $64,000.
- Economics – An economist is hired by each company to maintain the financial and other aspects of the company that might affect the financial position of the company. The reason the economist is present there is to tackle these types of situations and take precautions to either avoid them or minimize the damage. An economist is paid an average salary that varies from $66,000 to $166,000.
- Business Law – Taking care of regulation of commercial entities and making sure the ethnicity of their business transactions. A business lawyer must be there to keep the business safe from mismanagement and illegal activities as well. A business lawyer earns an amount on average from $100,000 to $145,000.
- Auditing – An auditor helps the business to maintain and check the quality and correctness of the data. The wrong information and data can trouble the business in so many ways, to avoid it auditors are hired. Auditors are paid an average salary of $60,000.
- Management Services – Business management is also an important part of managing the business, it controls or manages some important affairs of the business. Business management earns an average that varies from $36,000 to $98,000.
- Statistics – Statisticians are responsible for making and forming the statistical data and graphs that are useful for the management and growth of the business. This data is responsible for affecting the future decisions of the company. On average, a statistician can earn from $68,000 to $119,000.
Frequently Asked Questions
- Can a scientist in NASA be included in the IT sector?
Scientists are usually in public, private, or government sectors they could not be considered to be in the IT sector. As NASA is a government organization, therefore, it could not be included in the IT sector.
- How much can we earn through those professions?
The earnings of each profession are mentioned with their details in the job section, and the earnings can vary from business to business and their requirements.