First Derivatives Employee Reviews about "newry"

Updated 19 Oct 2020

To filter reviews, or .
3.3
65%
Recommend to a Friend
87%
Approve of CEO
First Derivatives CEO Seamus Keating
Seamus Keating
29 Ratings
Pros
Cons
  • "Can spend a lot of time in Newry if unlucky with projects(in 54 reviews)

  • "When you are in client site you almost forget that you work for FD(in 31 reviews)

More Pros and Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Reviews about "newry"

Return to all Reviews
  1. Helpful (1)

    "Keyboard Wizards Tarnishing FD's Reputation"

    5.0
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Derivatives full-time

    Pros

    Before trying out a new restaurant/hotel/bar, chances are we’ll have a look on Trip Advisor or Yelp to suss it out. Anything under 4 stars is usually a no-go for me. I’m not one for writing reviews – especially if they’re glowing. To be honest I’m more inclined to take the time to share a bad review online than a good one. Having read a number of reviews on this, I’m shocked at how many disgruntled (still listed as CURRENT) employees are using Glass Door as an outlet for their frustrations. I’ve been working for FD for over a year now and I think it’s unfair that their reputation is being tarnished – particularly HR’S - by some entitled keyboard wizards who don’t think to raise these issues directly with the individuals in question. FD provide great potential to work internationally, meet new people from all over the globe and build your CV. Unlike grad roles at the big 4, there’s actually opportunity to interact directly with senior management, build relationships and progress steadily from year to year. Since joining over a year ago, I’ve had the opportunity to work in Newry HQ reporting directly to senior management before moving on to a role in New York. They have a meritocratic system in place and if you put the work in and cooperate, you’ll be rewarded.

    Cons

    The expenses system is outdated and needs a revamp – with over 1500 consultants worldwide, it is ridiculous that there are only 2 people within the company to process these. The company has grown significantly over the years and it needs to be recognised at director level that HR needs to grow with it – more hands on deck are needed! Although many sign up for travel, it can be frustrating spending time on-site and having to leave for new projects having met new friends/settled in these cities. This makes it extremely difficult to plan ahead – although i suppose not knowing if you can commit to a holiday 2-3 months down the line because you may be in X, Y or Z city shouldn’t warrant a complaint in your mid-twenties…

    Continue reading
  2. "Good company to start with"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in Cork
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Derivatives full-time

    Pros

    Great expenses package Good training and experience Opportunities to travel

    Cons

    Can get stuck in Newry and not receive the expenses package.


  3. Helpful (1)

    "Good Graduate Job....Not good after 4/5 years"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Project Manager in Dublin, Dublin
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at First Derivatives full-time

    Pros

    - If you're lucky enough to travel to big cities it can offer great opportunities - If you perform well you'll know it because often you'll get jobs offers from clients or other consultancies working on site - If you're on the Kx side of the business you're very well taken care of

    Cons

    - Capital Markets Consulting side of the business lacks strategy and decent leadership particularly on the people side. - HQ in Newry seem to be a unnecessary blocker on many things. Would do them the world of good to let the reigns go. - HR are quite unprofessional and could use fresh external blood in the leadership team who have the power to make the change required to retain staff. - Performance reviews and remuneration are often not based on contribution, value and client feedback. Its all a game of luck on who shouts loudest. They find it difficult to differentiate between those who carry teams and the dead weight who don't deserve promotions.

    Continue reading
  4. Helpful (6)

    "Bizzare company"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at First Derivatives full-time

    Pros

    Money is decent all things considered with expenses and accommodation.

    Cons

    Lack of career progression with majority of roles. Doing random roles that banks require. Really just a recruitment agency getting money to throw graduates into roles, regardless of interest or aptitude for the role. Newry. Made up reviews to inflate their glassdoor profile. Shocking contract in which they often claw back pay from employees. Made up training so they can legally take backpay when employees leave before grad programme ends. 3 month notice period. Just a month at normal companies. Making it pure awkward to leave so that weak graduates remain their for two years.

    Continue reading
  5. Helpful (6)

    "Has potential - not long term"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at First Derivatives full-time

    Pros

    Young workforce Good benefits (unless you are in Newry)

    Cons

    Managers will literally lie to you about almost everything. I was misled about client site, end of project timelines (I know many projects get extended but mine was extended 5 times), what the work entailed, no training provided and we were also lied to about bonus's

    Continue reading
  6. Helpful (11)

    "Lucky Dip"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dublin, Dublin
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

    I have been working at First Derivatives full-time for more than a year

    Pros

    - Opportunity for grads to get experience in finance - FD have a lot of big named clients (Morgan Stanley, RBS, Barclays, HSBC, Bank of America to name a few). - Possibility of travel - FD have clients in a lot of major cities (London, New York, Singapore, Boston, Toronto, Dublin, Hong Kong, Tokyo etc). - Good expenses package - They pay for all accommodation and travel while on-site.

    Cons

    - Highly unprofessional management - Could be here all day with this one. - Zero say over where you go or what job you'll be doing - you are seen as a resource to make them money and nothing else. It is a complete lucky dip as to whether you end up on a good or terrible project. - Cattle mart - They take on such a huge amount of graduates each month that it can feel like a cattle mart at times. - High turnover rate - The majority of experienced employees leave after 3/4 years when they become too expensive for their business model. - Possibility of being stuck in Newry with no expense benefits.

    Continue reading
  7. Helpful (28)

    "Financial Engineer"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Business Analyst in Dublin, Dublin
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at First Derivatives for more than 3 years

    Pros

    Sometimes the kitchen didn't smell. If you like going on a reckless night out mid week, no one will bat an eye lid the next day.

    Cons

    This place is a shambles ran by Cowboys & Indians. Every couple of weeks I had the unfortunate task of explaining to family and friends what I do for a living (trust me, it was them that asked). Every role on offer at FD is so simplistic that it will make you wonder why you put yourself through tough courses in college only to end up with the most degrading/lifeless roles to ever grace the planet Earth. If you like the thought of switching your brain off for a while, then by all means come along, but the only skills on your CV after your time at FD will be as follows: 1. Copy and Paste Extraordinaire 2. Wizard at looking like you're doing something 3. Space Cadet. Of course, people get lucky and get to go to nice locations, but there is no reasoning behind who goes where, or who ends up in which job. It's complete pot luck. So ask yourself.. is that a chance you want to take? It's easy to get drawn into all the great locations you could be sent to, unfortunately FD never mention on their brochure about the numerous roles in Newry that a lot of people will end up on. Newry/New York.. practically the same right??

    Continue reading
  8. Helpful (7)

    "Employees are treated very poorly."

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Engineer in Dublin, Dublin
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at First Derivatives full-time

    Pros

    Expenses package is generous for those who are outside of newry. Young workforce of very friendly people, lots of opportunities to socialise. Can get big name clients on your CV

    Cons

    The below review that blames the entitled next generation is typical FD management. Instead of realising that they have a employee satisfaction crisis they will blame the employees for being ungrateful and refuse to accept any wrongdoing. They do not want to hear any feedback unless it is glowing. Other top tier companies will all have a strong graduate presence from this "entitled generation" especially other consultancy firms. So why does FD have the highest staff turnover and the most employee complaints. Why when they have a "world class" graduate programme why do such a small percentage go on to complete it. Why when the expenses package is so good do so many leave for lower paying jobs, surely these are alarms bells. Perhaps they should realise their whole workforce aren't moaners and are perhaps unhappy with the continual lies told to them from recruitment through to deployment. Lots of young highly qualified people are doing admin. They will have a carrot dangled in front of them of better roles ahead but most will never get to discover these roles. I would be interested to know how many financial engineers are in a role that even contains a single element that could be classified as financial engineering. FD will do anything to make money and unfortunely the careers of the employees are secondary to a few extra pounds in the bank.

    Continue reading
  9. Helpful (7)

    "Good exposure and experience, bad management of employees"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

    I have been working at First Derivatives full-time

    Pros

    Good expenses package if based abroad. Great exposure to different technologies and decent training. If selected for a good project can gain great experience quickly.

    Cons

    No expenses package if based in HQ in Newry even though if based in Dublin/Belfast a full expenses package is provided. Under appreciation of great employees. I have watched really intelligent enthusiastic graduates become jaded and lose their passion for their project due a massive gap in communication between management and them. Failure to provide necessary software and hardware for a number of projects based in HQ is unacceptable.

    Continue reading
  10. Helpful (1)

    "Good benefits for a graduate job"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Engineer in Dublin, Dublin
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Derivatives full-time for less than a year

    Pros

    Expenses are paid for on site. Because the company sends people to work with different companies and different projects its luck of the draw on job satisfaction. I enjoy my role because of my team on site, not due to being part of FD.

    Cons

    People can be very unhappy in roles they are placed and not much flexibility around moving. HR team etc in Newry have always been good for me its just the nature of the job that you can be unhappy in you role.

    Continue reading
Viewing 1 - 10 of 66 English Reviews