Having "A Masters in IT" makes me think you went to a national university and not somewhere reputable. That is also like Saying I have a masters in science, very non specific.
IA's are the bright wizards of SWTOR nerf them into the ground before they cause people to leave the game.
There damage output was complained about in beta too and nothing was done.
http://www.torhead.com/skill-calc#600MZbsMMdRrhZcMcRs0z.1 This has been working out pretty well for me a ton or micro management though with all of the procs.