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First Derivatives

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First Derivatives

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First Derivatives Benefits FAQ

Read what First Derivatives employees think about benefits at the company.

The most popular benefits at First Derivatives include Health Insurance and 401K Plan. If you want to see a full list of benefits and perks at First Derivatives listed by categories, head to their Benefits page. From insurance, health and wellness to vacation and more, find out what you could benefit from when working at First Derivatives.

All answers shown come directly from First Derivatives Reviews and are not edited or altered.

Does First Derivatives offer sponsored degrees?

6 English reviews out of 6

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14 April 2020

Pros

Large Company, but not as big as a big 4 company so there are more growth opportunities internally. They pay for external accreditations as well.

Cons

Salary isn't great to start during training, but the pay off is worth it when you are promoted.

They pay for external accreditations as well.

14 April 2020

Reviewed by: Financial Engineer (Current Employee)

1 April 2022

Pros

The training is good, they pay for external accreditations.

Cons

Months on end with no work. At the start it’s great, you can travel and work from anywhere but then it becomes unfulfilling. You have no motivation. You asked to be moved off the project after a few months and multiple HR repeatedly ignore you and try to convince you to stay on projects because they are charging clients x3 the rate they pay you. Very hard to move off projects. If you are on the bench, expect to emailed only once a week.

Advice to Management

There needs to be way better communication especially whilst people work from home. Ignoring emails and requests is super unprofessional. Couldn’t believe the awards FD won as a workplace when they treat their employees so terribly.

The training is good, they pay for external accreditations.

1 April 2022

Reviewed by: Financial Engineer in Dublin, Dublin (Former Employee)

13 March 2021

Pros

If you are extremely lucky you will get to go away to another city (but it could be at a days notice - be warned - working for First Derivatives is a lifestyle choice you are signing up for. You are a resource and have to be able to move and leave family and friends at a moment’s notice)

Cons

Where do I start... I had high hopes that First Derivatives would be a great company when I first started. I quickly realised when I arrived at the office in Newry and employees weren’t even supplied with a laptop (seriously) that this Company was all smoke and mirrors - do not believe the marketing and hype. The turnover is extremely high. Cons: - Zero maternity pay for women - Constantly threatening email tone from HR and management. The Senior Management team range from a few very nice people to people who have let the Newry power go to their heads. These people will threaten that you will be forced out of your accommodation if you don’t accept a project you are put forward for (which are usually PA type roles - FD are cheaper than other consultancies = menial tasks) - If you end up with a good client you are lucky. More often than not the client can be difficult - you will be left unsupported by FD in roles that are nothing to do with your CV. HR will not respond to your emails. If you push the issue or complain they will threaten to kick you out of your accommodation - Zero structure to bench time - you are expected to come in to the office while on the bench though aren’t given any work to do. For juniors and experienced hires this is demoralising to have nothing to do for weeks/months all the while waiting for some info on where you will be working (of which there is little to nothing communicated with you) - Expenses - where do I start - the expenses department are trained to nitpick and try and claim back as much as they can for the benefit of FD. This means what you submit as an expense rarely comes back with a full reimbursement - there will always be something nit picked over and this makes it impossible to budget - Grads are actually ENCOURAGED to get a credit card when they do their induction training in Newry so that they can use this when they are chucked out to whatever city FD has been able to get some business in. Though little is said about the nitpicking of expenses by the Expenses team. I think there is something morally wrong with advising 21/22 year olds to actively get a credit card and manage their own debt while moving to a new city (where FD will take about 2 months to reimburse them!) - Travel abroad - Management won’t even check in to see if you are living or dead when you go abroad for a client assignment. Though they might when they see that your day rate has stopped bringing them the £ ... I would only advise people to join FD if you are a junior looking to get some experience in different cities (and don’t mind the menial tasks). If you are in any way experienced I think you should avoid.

Advice to Management

The majority of the same awkward people are still there and this is why the company culture will never change. No company is perfect but this was the most toxic company I have ever worked for. My advice would be to get some highly experienced people in HR and support your staff when they are sent to different corners of the world

Zero maternity pay for women

13 March 2021

Reviewed by: Consultant (Former Employee)

4 February 2021

Pros

Expenses can be generous depending on location - non-existent or inadequate in some locations Company will pay for some external accreditations Have worked in four different FD offices and one of them was a great place to work

Cons

Misleading job title - hired as "Data Scientist" but work has never reflected this Stifling workplace culture - strict dress code and politics are rife No overtime pay but often expected to work outside 9-6 and at weekends No clear career progression after finishing graduate programme - many leave to pursue careers elsewhere Identity crisis - company can't decide if it is tech company or financial consulting Benefits are liable to change with little consultation - had my health insurance slashed without notice, expenses were also reduced Illegal movement of employees - 18 of my first 24 months with the company had me working illegally in various countries Poor covid policy - had to work on personal laptop, small monetary allowance for home office, no costs reimbursed when laptop needed repairs

Company will pay for some external accreditations

4 February 2021

Reviewed by: KDB Engineer in Newry, Northern Ireland (Current Employee)

13 March 2021

Pros

If you are extremely lucky you will get to go away to another city (but it could be at a days notice - be warned - working for First Derivatives is a lifestyle choice you are signing up for. You are a resource and have to be able to move and leave family and friends at a moment’s notice)

Cons

Where do I start... I had high hopes that First Derivatives would be a great company when I first started. I quickly realised when I arrived at the office in Newry and employees weren’t even supplied with a laptop (seriously) that this Company was all smoke and mirrors - do not believe the marketing and hype. The turnover is extremely high. Cons: - Zero maternity pay for women - Constantly threatening email tone from HR and management. The Senior Management team range from a few very nice people to people who have let the Newry power go to their heads. These people will threaten that you will be forced out of your accommodation if you don’t accept a project you are put forward for (which are usually PA type roles - FD are cheaper than other consultancies = menial tasks) - If you end up with a good client you are lucky. More often than not the client can be difficult - you will be left unsupported by FD in roles that are nothing to do with your CV. HR will not respond to your emails. If you push the issue or complain they will threaten to kick you out of your accommodation - Zero structure to bench time - you are expected to come in to the office while on the bench though aren’t given any work to do. For juniors and experienced hires this is demoralising to have nothing to do for weeks/months all the while waiting for some info on where you will be working (of which there is little to nothing communicated with you) - Expenses - where do I start - the expenses department are trained to nitpick and try and claim back as much as they can for the benefit of FD. This means what you submit as an expense rarely comes back with a full reimbursement - there will always be something nit picked over and this makes it impossible to budget - Grads are actually ENCOURAGED to get a credit card when they do their induction training in Newry so that they can use this when they are chucked out to whatever city FD has been able to get some business in. Though little is said about the nitpicking of expenses by the Expenses team. I think there is something morally wrong with advising 21/22 year olds to actively get a credit card and manage their own debt while moving to a new city (where FD will take about 2 months to reimburse them!) - Travel abroad - Management won’t even check in to see if you are living or dead when you go abroad for a client assignment. Though they might when they see that your day rate has stopped bringing them the £ ... I would only advise people to join FD if you are a junior looking to get some experience in different cities (and don’t mind the menial tasks). If you are in any way experienced I think you should avoid.

Advice to Management

The majority of the same awkward people are still there and this is why the company culture will never change. No company is perfect but this was the most toxic company I have ever worked for. My advice would be to get some highly experienced people in HR and support your staff when they are sent to different corners of the world

This means what you submit as an expense rarely comes back with a full reimbursement

13 March 2021

Reviewed by: Consultant (Former Employee)

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6 English reviews out of 6

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