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TheCountOfNowhere

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I've never understood why so many companies have major sections of their IT department in London, with accommodation (for people and equipment) so expensive it seems an unnecessary cost when IT could be done from most parts of the country. I guess there is a wider recruitment potential as a positive.

I have a friend who is starting in a chain restaurant (£15-£20 approx. per person for meal and drink), not really the kind of banking loadsamoney industry, IT department seems to be in London. I'm not sure what unique advantage London has for running a low to mid budget restaurant IT department to justify the additional cost, but that is where it is.

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If half of the IT people are any good they'll be hoovered up in London elsewhere. There's load of work  there in IT but the problem with banks is since much of it is legacy they may have to retrain.  

All this shows is how piss poor these banks are. I worked for Barclays once. The head of IT in London came down for a visit. He effectively slagged off the board and left the company a week later.

It just seems with banks their boards seem to view IT as if we're still in the 1980's. 

Edited by casual_squash

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58 minutes ago, Save me from the madness! said:

I've never understood why so many companies have major sections of their IT department in London, with accommodation (for people and equipment) so expensive it seems an unnecessary cost when IT could be done from most parts of the country. I guess there is a wider recruitment potential as a positive.

I have a friend who is starting in a chain restaurant (£15-£20 approx. per person for meal and drink), not really the kind of banking loadsamoney industry, IT department seems to be in London. I'm not sure what unique advantage London has for running a low to mid budget restaurant IT department to justify the additional cost, but that is where it is.

1) In London you can hire team of good developers in 1 month. To achieve same in other regions - almost impossible.

2) Banks outsourced/nearshored most of IT to various locations. In London are mainly business orientated "core" teams.

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