Think of telecommunications as the world’s biggest machine. Strung together by complex networks, telephones, mobile phones and internet-linked PCs, the global system touches nearly all of us. It allows us to speak, share thoughts and do business with nearly anyone, regardless of where in the world they might be. Telecom operating companies operate or provide access to facilities for voice, data, text, sound, and video transmission through wired, wireless, or satellite networks.
Demand is driven by technological innovation and by growth in business activity and consumer spending. The profitability of individual companies depends on efficient operations and good marketing. Large companies enjoy economies of scale in providing a highly automated service to large numbers of customers and in building and maintaining networks. Smaller companies can compete effectively by focusing on underserved markets or by providing specialty services.
With rapid technological changes in telecommunications, those with up-to-date technical skills will have the best job opportunities.
Average earnings in telecommunications greatly exceed average earnings throughout private industry. (more…)