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It's kind of ironic that a vast number of graduate programmers end up in management or building their own companies which they will manage, forsaking most, if not all, chances to actually do any programming.
I didn't graduate when I could. Again... wife and a lovely daughter ;) Just couldn't keep up with the univ at night. Ended up quitting. However, while I could make a lot more money had I finished my graduation, I do wonder what I would be doing today...
Certainly the corporate environment is not appealing to me. I actually shun it. Probably would be one of the few graduates in computer sciences in my country who still coded... who did nothing but code.
As a side note... I do find it shocking that most graduates in computer sciences here end up in management. The problem is not so much the fact they chose that career; I would break my neck first, but they like it. To each his own.
The problem is that the country has very little to offer to a fresh graduate in this field. There's very little research being done these parts and any applications of this field of study are reserved only to those choosing the academic career. There's a few exceptions of course. But... yeah.