I came across the Technology Analyst position on the Barclays website and was wondering where it fits in the hierarchy of front office, middle office and back office. What would be the exit opportunities from such a position? The Technology Analyst was under the 'Infrastructure Analyst Program'.
Technology
Developing cutting-edge technology is integral to the success of Barclays. As we conclude deals, transfer information and communicate with clients across time zones and continents, we need to constantly evolve to become quicker and more efficient. We operate in a fiercely competitive arena, and our technology strategy is entirely business-driven.
Technology is a well-respected and valued department at Barclays. It comprises 7,000 experts who use their skills to support our internal infrastructure. They work closely with traders and finance professionals to create and maintain powerful trading and analytical systems, support new products and enhance strategic decision-making. In order to provide 24-hour support, technologists are split into global teams spanning our three regions.
If you are technically capable, with a Bachelors or Masters degree in Computer Science, Electrical Engineering, Maths or Physics, plus an interest in finance, Barclays is the ideal place in which to make your mark as a Technology Analyst.
Roles in Technology here are in Application Development. Analysts develop, test and deploy software for many areas of the firm such as trading, sales, research, finance and risk. This will give you exposure to a range of programming languages and development tools including Java, C, C++, C#, Python, SQL, Perl, Ruby, SQR and MATLAB.
There are also a few roles in Application management who deploy and support of software and systems globally; including change and release, capacity management, monitoring, upgrades, technical refresh and disaster recovery.
We encourage internal mobility and many people have moved and developed within a culture of restless and relentless energy. You'll begin your career with a firm-wide, five-week training programme, and then take six-month rotations in two Technology areas before a final placement. Further down the line, you could find yourself implementing new systems, or improving the design and structure of databases which will increase the speed and efficiency of our firm's day-to-day operations and the flawless execution of our services.
Its basically just IT. So pretty much back office.
It's front office bro. Straight shot to KKR/Blackstone after a year or two, just keep an eye out for those recruiters reaching out.
It's back office. Front office is defined as revenue-generating, but a less technical way to describe it would be "doing what the company does". So, if you work at a "bank", then you're in FO if you're "banking". If you're at a consulting firm, then you're FO if you're "consulting".
You're not banking, so you're BO. (tbh I don't know how to define MO, so you could be that). Doesn't mean there's much wrong with it though. You'll make more money working in the BO of a bank than at a non-financial services firm (as a general rule). The only place you'd make more is coding at Microsoft etc. (a software firm, where you'd be making software, i.e. where you'd be FO). Also, you have decent hours. I remember the IT guys at the place where I interned were rolling in dough but doing 9-5 - one guy had little idea as to how to explain what the company really did, but we stopped snickering after he drove away in his Lambo.
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