First Derivatives - Dynamic and rapidly growing company with good opportunities | Glassdoor.ca
There are newer employer reviews for First Derivatives
There are newer employer reviews for First Derivatives

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"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 for First Derivatives

  1. Helpful (23)

    "Glad I quit :)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - KDB Developer
    Former Employee - KDB Developer
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at First Derivatives full-time (More than 3 years)

    Pros

    some people are nice at fd

    Cons

    It seems as thought FD tries to make things difficult for their 'resources' as they so elequently put it. Whether it be the backwards expenses system, or the push back on minor expenditures, making you fly over weekends, putting you on projects that are either far below your pay grade (photocopying/secretarial work) or send you on project you're certainly underqualified for (highly technical roles) all the while lying to the client about capabilities so you end up looking demotivated or incompetant. Not to mention they give you a hard time if you do inevitably decide to quit. if you don't you'll be there for about 5 years doing the same roles getting paid, at most, 45k (thats if you're irish, luckily, I am, however, after speaking to some of the people there when negotiating, there was a noticable discrepency between irish and non-irish pay (not many of those any way). Someone recently wrote a review on glassdoor (i suspect HR has been actively deleting them/writing their own reviews) that likened FD to a mafia type family organization, lying to clients, shorting employees, fraud, illegal immegrating resources, inadequet housing, you name it... The CEO Brian regularly verbally abuses staff, and the HR team isn't any better...

    Advice to Management

    Keep treating your 'resources' poorly and you'll keep receiving this sort of feedback, dignity and respect from the HR team is simply not there. The result can be seen in the more than 50% attrition rate from the grad program, even with all the ridiculous 'scare tactics', fear mongering they do to dissuade you from quitting, people decide the greif is simply not worth the minimum wage and being treated so poorly. Only a matter of time really...


  2. Helpful (1)

    "Great Place to Work"

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

    I have been working at First Derivatives (More than a year)

    Pros

    - Generous pay package which includes salary, paid accommodation, expenses when on client site, and also paid flights home when based abroad.
    - Plenty of opportunities to be involved in senior roles quite early in your career.
    - Numerous social events organised such as sporting competitions, nights out, paint-balling, go-karting, etc.
    - Plenty of travel opportunities worldwide, but also the option to remain at home if you wish

    Cons

    - If based in Newry on a project you do not receive expenses.
    - The main personnel system is outdated and needs to be upgraded.
    - Some graduates walk around with a sense of entitlement, even though they have no prior working experience.

    Advice to Management

    - Update the expenses and personnel system.
    - Revise the online Capital Markets Training Programme exams to ensure that it is more up to date

There are newer employer reviews for First Derivatives
There are newer employer reviews for First Derivatives

See Most Recent

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