Job seekers should also keep in mind that many consumer electronics products

Job seekers should also keep in mind that many

This preview shows page 36 - 38 out of 132 pages.

Job seekers should also keep in mind that many consumer electronics products are global brands, so lots of companies have opportunities for international positions and travel, and foreign language skills are often highly desirable. In the U.S., while there is some Consulting Magazine ’s “Best Firms to Work For, 2006” Rank Firm 1 Bain & Co. 2 McKinsey & Co. 3 PointB 4 Boston Consulting Group 5 Monitor 6 Kurt Salmon Associates 7 PRTM 8 Mercer 9 Diamond 10 Huron Sources: Consulting Magazine
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29 WETFEET INSIDER GUIDE INTRODUCTION INDUSTRIES CAREERS concentration of consumer electronics jobs on both coasts, the industry is sprawled across the country. Many of the large companies have multiple offices to choose from, with each location housing a different product line or corporate function. TRENDS Falling Prices These days, because so many consumer electronics products rely on semiconductors for their functionality, Moore’s Law—which states that semiconductor speed doubles every 24 months— applies just as much to the consumer electronics industry as it does to computer hardware. That means consumer electronics companies are developing new and improved products all the time. If you’re one of the many consumers who crave the latest and greatest gadgets, it’ll cost you a pretty penny to stay on the cutting edge. But if you don’t need top-of-the-line consumer electronics products—if you’re content with a 5-megapixel digital camera, for instance, and prepared to leave the 10-megapixel camera to the hard-core gadgetheads—just wait a little while, and the price on the product that’s right for you will almost certainly decrease substantially. Cool New Products As usual in consumer electronics, any number of cool, new products are on or about to reach electronics store shelves. For example, to take advantage of the improved sound offered by digital radio, many of the big electronics makers are bringing digital home and car radios to market. More and more digital cameras include significant digital video recording capability. And some refrigerators on the market have TV screens embedded in them, which you can even use to surf the Net. Satellite TV in your car, satellite radio systems that give you up-to-the-minute traffic reports, handheld media- storage devices, live TV on your cell phone…the list of innovative new consumer electronics products already available or about to hit the market goes on and on. HOW IT BREAKS DOWN The consumer electronics industry includes manufacturers of all shapes and sizes. The largest are multinational conglomerates with more than 100,000 employees and interests in many different industries. Some of the smallest have only one office with fewer than 50 employees, all of whom are focused on one product. In the middle are manufacturers that offer a range of products within a certain category, such as speakers and audio accessories. Because companies of all sizes can make similar products, industry observers usually break down the market by product category rather than company size.
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