Pros: great training and exposure to many of the worlds leading investment banks
Cons: unpaid training period with no guarantee of a job placement afterwards
FDM provides great IT and Financial training to many recent undergraduates that have completed their schooling and to many others seeking to break into the world of IT.
Covering topics from Unix shell scripting, training in Oracle SQL databases, Excel VBA, Java, Financial and Business Analysis, as well as preparing you for your ITIL v3 Foundation certification the 12+ week unpaid training period is worth it-- but there is a catch.
Once training is complete, and you have signed of with the Academy trainers, a 90 day placement period begins. When it succeeds FDM will have placed you at one of many reputable financial service companies or investment banks within the NY tristate area, at which time your are 'leased' out to these companies for a 2 year period under FDM. When your 2 year period is up, you are free to stay with the leasing company, if they chose to keep you on.
When FDM fails, there is a 90 day waiting period. After completing the training period there is no guarantee FDM will place you. After the 90 day period if you are not placed, you are free to pursue other options.