First Derivatives - Dynamic and rapidly growing company with good opportunities | Glassdoor.ca

Employee Review

Employee Review

"Dynamic and rapidly growing company with good opportunities"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Engineer in Newry, Northern Ireland (UK)
Current Employee - Financial Engineer in Newry, Northern Ireland (UK)
Recommends
Positive Outlook

I have been working at First Derivatives full-time (Less than a year)

Pros

There are a lot of pros for this company - I feel that it has been massively put down in some of these reviews by current employees.

Expenses:
The expenses package is very generous. You get accommodation, food and travel paid for during your working week. Your flight and transfer costs are also absorbed by the company.

Training:
Training for the Capital Markets Programme is somewhat intense - you have workshop classes for your first few weeks to prepare you for the CMTP modules you have to complete over a two year course. There is also a focus on PRMIA examinations - this gives the candidate accreditation in Risk Management, which for young employees with little experience is an incredible boost. This is also paid for by the company.

Social:
The company is filled with well educated and sociable people. The company organizes get-togethers for staff to meet outside of the workplace. This could be dinner and drinks, paintballing, watching a match... Nearly anything.

Opportunity:
There are incredible opportunities for travel. You could be sent to Singapore, New York, London, Sydney... The potential is endless. And with the great expenses package this is very appealing.

Management:
There is a plethora of fantastic managers within the FD system. I have had little or no issue with them in my time here.

Cons

The only con I can list is that the HR/Accommodation team need some more experienced members. It seems that there is a lot of placement students and not enough experienced hires - which can lead to confusion or error in some respects.

Advice to Management

Extensive training for new HR members so that the company can continue to grow globally. A few extra members of staff in this department would be helpful also - this would ensure smooth operations between departments.

Other Employee Reviews

Other Employee Reviews

  1. Helpful (32)

    "Take every positive review with a serious pinch of salt."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engineer in London, England (UK)
    Current Employee - Engineer in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There are no positives aside from the fact that you get paid every month. If you are in any way good with words you might be clever enough to present the complete lack of experience you might have gained during your tenure in FD with a positive spin.

    Cons

    It's blatantly obvious that HR are writing positive reviews on this site. Present and potential clients are slowly but surely copping on to how much of a bad apple this company is, and internal staff are scrambling to concoct reviews to try and salvage the mess. This company does not care about you, HR does not care about you. You as an employee are a few generated for the company. No more and no less. They are always hiring because employees are always leaving.

    The three month notice period is a complete joke, for a company that disregards its employees it makes a hard job of letting them leave. It is so unbelievably hard to try and take any sort of experience and take this going forward into new opportunities outside of this company.

    Do not be blinded by the all expenses bull, it's not much good when realistically the company doesn't care about you professionally or personally. The title of financial engineer means diddly squat when at the end of the day you are doing the tasks that banks aren't prepared to pay their own staff to do. From my experience there is almost always hostility from permanent staff at financial institutions when you are the hired hand. So if you're happy working 10 hour days doing the most boring unrewarding work in a hostile belligerent environment then apply away, but remember FD are good enough to pay for the groceries!

    Advice to Management

    Scrap HR
    Scrap the expenses department
    Scrap everyone and start from scratch
    Hire a professional team of people and create an accountable, clear corporate structure not a gang of old school cronies and relatives.

    And stop hoodwinking passionate, eager, hardworking graduates.


  2. Helpful (4)

    "Great company for experience in the financial sector - all expenses paid!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great expenses package and benefits
    Living in central city accommodation - all costs are paid for
    Very friendly and young company - opportunity for a lot of networking
    Good access to resources if required
    opportunities to get put on interesting and beneficial projects on client site - preferences can be voiced to the HR department.
    Overall a very good company to work for - have had a very positive experience.

    Cons

    There are less benefits for employees working at HQ.
    Graduate programme graduation is reliant on passing formal exams - should focus more on employees performance in the workplace and on client site.

    Advice to Management

    A revamp of the graduate programme could be beneficial - maybe a bit less focus on exams and more focus on performance, how employees are doing on client site and client feedback.

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