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Topic Review (Newest First)
25-03-2024 05:39 PM
Unregistered ****ing scam of a company and job. Know your worth.
23-03-2024 10:06 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Ya I also would rather be a direct hire but because I am joining without a CS background, hard to find a job that will be willing to teach also.
Same ,, looking at this forum , looks like 2.1k for training and 3.75k after you sign with client. But the info is from years ago...

Personally, right now 3.75k looks good for me if the rates still the same. I have a friend who enter Big4 , first year 3.6k , second year 4k. if u average it out 3.75k is like a good deal.

Another friend who got into testing for bank with 0 experience was around 3.6k...

May I know how things turned out for you?
15-03-2021 12:18 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Somebody in another thread asked a similar question but for a different IT consulting firm. All these IT consulting firms are like recruitment agencies. If you are really desperate for a job, then you take it. If not, avoid at all costs. Luxoft, Cognizant, FDM, upskills, optimum solutions, etc they are all the same, just different shades of grey. Look into the contract. The devil is in the details.

If you really want to do IT in banks, then apply for the firms which provide the IT software to banks directly, like Murex.

If you are good, you are good. If not, you can try these IT consulting firms if you are really desperate. But be prepared, they tend to over promise and under deliver.
Ya I also would rather be a direct hire but because I am joining without a CS background, hard to find a job that will be willing to teach also.
14-03-2021 11:42 PM
Unregistered Somebody in another thread asked a similar question but for a different IT consulting firm. All these IT consulting firms are like recruitment agencies. If you are really desperate for a job, then you take it. If not, avoid at all costs. Luxoft, Cognizant, FDM, upskills, optimum solutions, etc they are all the same, just different shades of grey. Look into the contract. The devil is in the details.

If you really want to do IT in banks, then apply for the firms which provide the IT software to banks directly, like Murex.

If you are good, you are good. If not, you can try these IT consulting firms if you are really desperate. But be prepared, they tend to over promise and under deliver.
12-03-2021 03:29 PM
Unregistered Anyone here completed the 2 years FDM program as Software Engineer and found a better job? Can share the prospect regarding FDM?
28-09-2017 01:27 PM
Unregistered
current employee

Just wanted to give you guys a quick update as I am an employee currently in FDM who has gotten the short end of the stick...

Yes, during training (2-3 months depending on which area you train in) you get around $2.1k a month. After that you get $3.75k a month ONLY AFTER YOU START YOUR FIRST DAY WORKING FOR ANY CLIENT. There are people who get "placed" with a client during training and start working for FDM's clients seamlessly, however there are many others like me who have had to wait. All this time no substantial answers from their staff save for "we're working on your placement and the contracts".

I have never heard of any of my colleagues getting bonuses.

Personally I waited for some 4 months before I started - so I drew $2.1k a month during these 4 months. Heard that there are others who have waited for 6-12 months because of some screw ups!!!

And not to forget, you have a 2-year contractual bond to work for the clients, however the 2-year period DOES NOT START until you start your first day at work with a client...and you won't be able to leave FDM at all during this period (and up till you have worked for at least 2 years with their clients), or you will have to pay back the training fees (which are in excess of $40k)!!!!!!

So guys please think carefully before you join them...you could be in a very long limbo with no career progression if you are damn suay...
27-08-2017 12:51 AM
i_stinks I applied FDM group this year, passed their tests. But a commitment to work in another temp job for a while (helping an ex boss) mean that they cannot offer me.

Salary offered is 3.75k but no rise for 2 years I think. Training period is lower amount 2k+ as is the case for Optimum Solutions and other similar companies.

The tests are pretty interesting. Maths, Logic, a bit of code tracing, and set theory. 1 guy failed when I attended (some treasury guy from bank who want to switch career to IT). I'm the only person with an IT background. The others studied philosophy and other degrees.

Overall such companies are good if you are not from an IT background since they offer to train you and ease you in to work in the banks. Otherwise, it depends.

Business Analysis you probably work with excel and MS word more lo. Use cases, BDD those kind I think.
26-08-2017 09:00 PM
Vivi
Program to choose and guarantee of getting the 2-year contract

Can anyone tell what are the differences between the 5 different programs here in Singapore? (In terms of ease of being employed in financial industry, salary, skills learned.) I am thinking of applying as a 'Business Analysis.'

The official site lists 5 programs which are divided into 2 pathways:
Business learning pathways: Project Support Office, Business Analysis
Technical learning pathways: Software Development, Production Support, MX.3 Production Support.

I have also seen many people on LinkedIn having been trained as a consultant for over 10 months and not getting any 2-year job contract yet. Does this mean that the trained consultant is not guaranteed the 2-years job contract?

Thank you
21-11-2016 08:58 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Hi this 2.1K, will this be salary for the entire 2-year bond period?
It has already been mentioned that the 2.1k is during the training period. The training period will be 3 months.
17-11-2016 10:22 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
They are offering 3.75k this year, and 2.1k allowance during the training period. I think its not bad for a fresh grad job, and you get placed into investment banks
Hi this 2.1K, will this be salary for the entire 2-year bond period?
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