is UBS planing to outsource all of it's IT department? interesting article in the nzz on this - http://www.nzz.ch/aktuell/wirtschaft...ce-1.17976682#

Expect to see some overpriced cars for sale shortly, Most will be on leases !

UBS already in the past outsourced sections of its activities to Bangalore, with qute some success, and as I can read out of the article may do a bit more such outsourcing. Hardly ALL of its IT department, but possible quite a good part. Data-transfer between Bangalore and Zürich takes less than a minute, so what ?

Why not outsource to countries which are prime markets of the future ? Why not respect the markets ?

You can't outsource the admin of Swiss Private data, and now look at the horror stories of companies desperately migrating back from Bangalore and Pune, after 5 years of disaster after disaster.

The Swiss are willing to pay for quality. In Bangalore, as they say,you get what you pay for.

data transfer rates are not at the top of your concerns list for significant outsourcing agreements.

Also success depends on how it is measured. and end of year budget saving may not be as financially savvy when the overall cost over 10 years is looked at.

maybe they should keep the jobs in the country that bails them out when they are in trouble.

also, the quality in Indian off-shore outfits is simply terrible.

Interesting thing is I have met quite a few Indians that have migrated here for work, who get paid top dollar to work in IT. I wonder how they would feel having their job sent back to India, to make the local wage?

What is the pay rate in India for this kind of work? Is what you make there comparable to the standard of living here?

Within the constraints that a country like India has (i.e. you'd be living in a private/gated compound and driving from place to place, rather than cycling, walking or taking public transport) yes, working in IT in India (especially in the "Silicon valley" of Bangalore) gives you a good life.

Ten years ago, I was involved with the team recruiting Indian IT people for a subsidiary of France Telecom. People were expecting 36k a year and had never used a computer - people with science or business degrees. They could barely string together an English sentence. They were being hired to test the network so they required some network experience. They got hired because they could save the company 20k a year per person despite not knowing what they were doing.

One guy got hired and sent an email introducing himself to the team. It read "Hello. Me am Sanjiv" I am not kidding.

Yeah, those crazy French and their bad English.

• Actually, I have to say that the French have really good written English.
• I failed to mention that fluent English was a requirement

I think outsourcing is great for management.

First, you do outsourcing and save a lot money short-term.

Management gets a nice bonus.

Then disaster after disaster happens.

Management decides to insource to save a lot of money.

Management gets another nice bonus.

If they would have done nothing, everyone would have been better off. However, from a career perspective, some people cashed and they saved money twice

Great I am happy! another contract for me to bring the outsourcing in house again...kaching..£££££££

yes, outsourcing IT management might make more sense. I work at an IT services company so this could be good news for us.

Modern management: the guys away from the top, like us, know what a sh!t idea this is, but nobody asks them. Instead the idiots at the top ask an expensive consultant. Who gets richly paid to give bad advice to people who should know without outside help... Brilliant.

I read somewhere that often, Indian parents decide what career their children should take.
I.e. if the job-prospects in IT look good, they tell their kids what to do - who more often than not follow along. They then have a degree in CS or programming but as the decision didn't come from their heart, they don't really know what to do with their career and the results of their work often shows that.
Add to that, that India is 94 on the 2012 Transparency International Corruption Perception Index - I would assume a degree is not the most difficult thing to buy in that country.
(Greece is 93, which says a lot, too...)

I agree !!! Recently an article on freaknoics said there are 500 thousand mgmt consultants in US mostly with majors like bane, mcg.

Pendulum; swings left, swings right.

Some Indian companies are now outsourcing to China & China is in turn outsourcing IT to Vietnam.

why is IT so popular for outsourcing? why not outsource other departments like accounts and HR?

...and still the guy got hired. Tell me again, whose fault was that. The guy who got hired or the one who was hiring