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First Derivatives

Engaged Employer

First Derivatives

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First Derivatives Culture FAQ

Read what First Derivatives employees think about their company culture and make sure it is the right fit for you.

First Derivatives has a culture and values rating of 3.2.

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

How was the interview at First Derivatives?

5 English reviews out of 5

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24 August 2022

Pros

Remote Working Interview process was relatively straightforward

Cons

Lack of interaction from FD when out on client site can be very isolating. Promise the world when you initially join but you will quickly find out there is a revolving door of graduates which is never a good sign. The level of training given in my opinion does not properly equip you to enter a client site and very much left up to your own devices to quickly get up to speed

Advice to Management

Interact with your employees when out on client site

Interview process was relatively straightforward

24 August 2022

Reviewed by: Financial Engineer (Former Employee)

5 October 2020

Pros

Some very nice work colleagues

Cons

Little to no training with all exams being self led. Training is taken by employees of FD who don't explain anything and barely know themselves what they're doing. Expected to work 9-6 then extra hours to study for tests - unpaid. Asked to do an interview at the end of month one to test how much knowledge you've gained which is honestly unheard of in any job and so un necessary as the recruitment process alone was brutal and so excessive. The stress and expectations are not worth a slightly higher than minimum wage salary. Put on the bench for months with no projects to work on which is very de-motivating and when you are given a project it is totally irrelevant to finance and not what you signed up for. If you are a graduate looking for a job do not apply to work for this company there are so many better opportunities, even during a pandemic.

Advice to Management

Better salary Better training programme

Asked to do an interview at the end of month one to test how much knowledge you've gained which is honestly unheard of in any job and so un necessary as the recruitment process alone was brutal and so excessive.

5 October 2020

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

8 May 2022

Pros

I went through the Interview Stages for a Financial Engineer Graduate Position, however, I declined the job in the end. No Pros

Cons

Interviewed twice, both by HR, and no technical staff was present. I was hired immediately after these interviews. First Red Flag They were very eager to get me to sign the contract, urging me to get it done asap. However, if I had a general question about the contract, I would have to email them at least twice until I got a response. 32,000 starting salary is pitiful for people with a technical degree. Most people in my year are starting on 36,000 and upwards. They were cagey with information, like where I would be based for work. Saying they didn't know.

Advice to Management

Overall, it seems like First Derivatives' sole job is a numbers game. All they care about is recruiting recruiting recruiting, which would explain the large turnover rate of graduates. They dont care about your technical skills, as long as you agree to sell the company spiel and promote it. Purely a numbers game. ANY STEM STUDENTS BEWARE. You will get much better opportunities elsewhere.

I went through the Interview Stages for a Financial Engineer Graduate Position, however, I declined the job in the end.

8 May 2022

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

14 October 2020

Pros

If you are lucky enough to be sent internationally it can be great. Some of the destinations are attractive and I know of people who have went to New York, Toronto and Sydney. The projects you are given can be a lottery at times but if you are lucky that way it can be a great experience. Accommodation being provided and covered is a good benefit from the company.

Cons

If you are unlucky in the lottery of projects you can be stuck with a depressing work life for 2 years stuck on the "bench" waiting for an email as it feels like your ticket number has been called or in a rough Newry based client outsourced project for an investment bank. My personal experience had placed me in Newry on a project near shore with an investment bank. The level of training I had received was minimum yet they expect if you leave within two years there is an annoying claw back fee for training that I didn't get. This was in fact passively threated on myself when I did hand in my notice. The management on these near shore projects are sometimes unable to manage their way out of a paper bag, with line managers lacking in any sort of personnel/management experience . There is a constant blame culture and they will gladly throw a minion under the bus to protect their own status. They don't protect the team from the client when unrealistic demand's and borderline abuse are thrust upon them leaving the team demoralised and fed up. My minimal training didn't seem to be a factor when I hit problems within my team and asked for assistance to be pulled into a side office to be scolded that it was unacceptable and that I needed "more training" arranged from another member of the team which never materialised. You may think of me as one disgruntled employee but there is 100% a revolving door culture in this company in which unrealistic stress's and pressure leave graduates quitting and moving on in the first year. In my time with in FD on a project team 50% of one of the larger teams on the project had quit or left due to being unhappy. I watch on LinkedIn the new batch of graduates each month and honestly think "God help them". It may have a great social media presence and win award's that you have no idea are relevant but a pig with lipstick is still a pig. HR is a disaster, when I had clear issues with concerns over management on my project they ignored them and said there was nothing they could do or just totally uninterested. When I then handed my notice in it was met with surprise as if nothing which I said in the previous 2 months registered. It was only then an interview was arranged with senior HR to only try retain me but not address any of the issues I had raised in the past. There are a number of questionable reviews on this page too as it was passively mentioned on my training month to leave favourable reviews on this page. These are easy to spot of course and should take some of them with a pitch of salt. As I said in the pro's you can get lucky and get a nice project or location but majority of the time you are put in a very rough project and expected to wait it out for 2 years on the promise things might get better.

Advice to Management

Protect staff from clients as many times they are left hung out to dry. Review into how staff are assigned to projects rather than just another body in the field.

It was only then an interview was arranged with senior HR to only try retain me but not address any of the issues I had raised in the past.

14 October 2020

Reviewed by: Graduate Consultant in Newry, Northern Ireland (Former Employee)

21 July 2022

Pros

- Human Resources are very helpful in understanding your goal in joining the project - Project that you join as a financial engineer contractor will last for the whole 2 years, so let them know if you think the project is not a right fit for you (right after you were introduced to the project or had an interview with a possible project)

Cons

- All projects are not good and depending on where you are ending up you will have a 100% different experience - The salary is not very competative

Advice to Management

Better external training programs to support contract employees and a more competitive salary in order to retain high valued employees

Project that you join as a financial engineer contractor will last for the whole 2 years, so let them know if you think the project is not a right fit for you (right after you were introduced to the project or had an interview with a possible project)

21 July 2022

Reviewed by: Financial Engineer in Toronto, ON (Current Contractor)

5 English reviews out of 5

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