Top Business Ideas For Computer Science Graduates: Starting your own business can be scary, but it’s also very rewarding – especially if you pick the right one! Computer science graduates have plenty of opportunities to take advantage of when they leave school, whether they want to start their own companies or work in the tech industry.
Top Business Ideas For Computer Science Graduates
These top business ideas are ideal for someone with a computer science degree who’s ready to get out into the world and earn some money – and even more importantly, who wants to build their own future and make their own dreams come true!
We don’t hear about blockchain in mainstream media as much as we used to, but it’s still a nascent and exciting technology. The idea behind blockchain is that there are times when we want a central authority to have a trusted view of what’s happening at any given time—i.e., whenever we use money. A more efficient way to do that is by having everyone in charge of their own money and having that information mirrored on an unalterable ledger shared by everyone else.
It’s easy to get started in cryptocurrency, and entrepreneurs from all over are coming up with new business ideas, such as mining rigs. You could develop a faucet that runs as an affiliate for a company that pays out in bitcoin for logging into a website, doing surveys, or trying products.
These are all profitable business ideas if you manage them right. If you want to start generating income with cryptocurrency but don’t know where to begin, try browsing through some of these business ideas.
Artificial Intelligence (AI)
There’s a lot of chatter about AI—and for good reason. The next big breakthrough in computer science could be one small step for man and one giant leap for mankind—though, it may not happen as soon as everyone thinks. At least, that’s what experts are saying.
The truth is that we can get some pretty cool technology to do some pretty incredible things without having to make AI human-like just yet. As an example, autonomous vehicles and automated speech recognition tools are getting smarter all the time and they aren’t very far off from being able to learn more complex tasks on their own.
Why is cybersecurity one of the top business ideas for computer science graduates? With all that’s happened lately in both politics and technology, it’s more important than ever to work toward a more secure future. Technology has rapidly advanced and so have cyberthreats. Over 85% of businesses report being victims of cyberattacks and wannabe hackers lurk online every day, looking for new vulnerabilities to exploit.
Big Data & Analytics
Big data and analytics are going to be in high demand for a very long time. If you’re skilled at analyzing data, business owners will find ways to turn your skills into profit. You can also help businesses make sense of their data by creating visualizations and other interesting tools with technology such as Tableau or D3.JS.
Another option is to help businesses solve technical problems related to scaling their software systems (i.e., when more users come online, how do we make sure we don’t crash?). Businesses will pay big bucks for folks who can handle that sort of technical challenge—it’s something most programmers like because it forces them out of their comfort zone, but they get rewarded financially when they succeed.
As a computer science graduate, there’s a wide range of business ideas that you can turn your newfound skills into a profit. One big field to consider is a healthcare IT, which is growing at an alarming rate and also happens to be relatively cheap. This means there’s less competition for jobs but also lower pay for potential employees. You could always start your own company and try to grab market share from established players in healthcare IT—but that requires more money than some entry-level computer science grads might have access to.
E-Commerce and Digital Marketing
If you’re planning to start an e-commerce business, a degree in computer science is extremely helpful. After all, not only are you able to code your website but you can also help optimize for conversions and security. On top of that, most e-commerce companies need some sort of digital marketing plan as well; that’s why having an understanding of SEO/SEM and social media advertising will be very beneficial in getting your site out there and visible to consumers.
Software Testing & Quality Assurance
After completing a bachelor’s degree in computer science, aspiring business owners have an array of options. Many computer science graduates go on to careers in software development, but there are also many opportunities for those with technical skills who choose to start their own businesses. Quality assurance testing is one of them.
Software quality assurance specialists are responsible for making sure that new software runs smoothly and that it meets certain specifications and industry standards (in other words, not crashing). The good news? QA testers don’t need a lot of startup capital; all they really need is a bit of experience—either from work or school—and some basic business savvy.
If you’re a recent computer science graduate with a passion for developing great software and a knack for problem-solving, DevOps might be your ticket to high-paying jobs in Silicon Valley. DevOps (short for development operations) combines multiple programming skills into one job.
You’ll write code and test it while working closely with engineers to manage servers, solve bugs, resolve conflicts, and optimize performance. This is an emerging career track—many companies are still looking to hire people for these roles—so it’s not too late to get started. Here are some of today’s top DevOps jobs.
Consulting & Strategy Consultants
If you’re interested in helping other businesses grow, you might want to consider consulting. As a consultant, you can spend time working with different types of companies to help them solve their most difficult business problems. For example, a technology company could ask for your help implementing CRM software or upgrading their security.
If they think you can help with their project, they may hire you as a contractor at an hourly rate. You can expect to be employed in project-based consulting roles for between six months and two years before moving on to another client or starting your own business.
The software industry is changing at a rapid pace, which means it’s more important than ever to stay on top of trends and new technologies. As a product manager, you’ll be responsible for defining requirements and helping develop products. In-demand skillset: Qualified candidates need at least 3 years of work experience and will likely have an advanced degree (MBA or higher).
You’ll be responsible for managing teams that require considerable collaboration with developers, designers, marketers, and salespeople. Employment outlook: The Bureau of Labor Statistics estimates that 27% growth in employment opportunities for software development jobs between 2012-and 2022 (much faster than average). Employment size: 10 – 15 million workers in 2016; most work in computer systems design and related services.
UI Developer / Designer
Getting a degree in software development, or design makes you capable of creating mobile apps and user interfaces that are useful and easy to use. If you’re able to go above and beyond and come up with an innovative business model to monetize your idea, then good for you – all your hard work will be worth it! If not, it’s still a great way to break into a fast-growing industry, especially if you get hired by an established company.
But beware: many software jobs involve grueling hours spent staring at a screen—don’t let getting stuck indoors with no natural light make you lose sight of what really matters in life. To help decide if UI development is right for you, read up on its job prospects.
Data Analyst / Scientist
A data scientist/analyst makes sense for computer science graduates because of their technical skills, passion for solving problems, and ability to analyze complex data. This type of position requires in-depth knowledge of SQL (or similar language), machine learning, and statistics.
Basically, if you’re good at logic and math, a job in data analysis might be a great fit for you. You could help businesses make better decisions by analyzing customer behaviors or figuring out ways to increase conversion rates on their website. With your knack for problem-solving, it might not be long before your business comes knocking at your door with a nice big check!
Becoming a software developer is a good choice for computer science graduates who have an interest in business and entrepreneurship. Successful developers are well-rounded individuals with good communication skills, creativity, and analytical minds. It’s possible to launch your own venture as a solo developer, but it may be easier to find success as part of a team at an established company.
You can choose from different types of software you develop for companies, such as applications for productivity or data management. Become involved in open source projects so that you can work on multiple development platforms and become an expert programmer.
Customer Support Specialist
Whether you’re looking to get into social media management, digital marketing, or IT/software development, there are plenty of entry-level jobs that let you hone your tech skills and get to know a company inside and out. This type of work is also relatively flexible—if you need a little more time to travel or go back to school, it’s typically not hard to rearrange your schedule. Many customer support jobs are remote positions. If you want office hours but still want job flexibility in case a trip comes up, try telecommuting.
Now that you have your education and have been working for a few years, it’s time to start your own business. The best thing about being a computer science major is that you know how to code. You don’t need to spend money on designers or programmers, all you have to do is make something people want.
Keep in mind that programming knowledge doesn’t come cheap and plan accordingly before quitting your day job. Here are some popular ideas.