FactSet

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FactSet Reviews in Chicago, IL

474 Reviews

3.8
474 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
FactSet Chairman and CEO Philip A. Hadley
Philip A. Hadley
344 Ratings

Review Highlights

Pros
  • Perfect work-life balance for example you will get mentor when you are on boarding (in 66 reviews)

  • very good work life balance; nice coworkers; no pushing; soft deadline; free lunch (in 97 reviews)


Cons
  • The company seems to balance out the work/life balance very well (in 11 reviews)

  • No career path defined and joining diffeent teams is riven with red tape (in 9 reviews)

More Highlights

12 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    A great company to work for and grow with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    Pros

    Competitive salary. EXCELLENT benefits package. Very accommodating hours (when appropriate). Many very skilled, intelligent and pleasant co-workers. Heavy emphasis on training and development; if you don't have a skill, but you wish to develop it, you can find resources at FactSet. If you are good at what you do you will succeed here.

    Cons

    As with any software company, we are often asked to fulfill certain tasks without being given the proper bandwidth and time to complete them at an acceptable level. For instance, while it's nice for developers to be able to take their computers home, the fact is that the laptops given to developers often strain at having developer environments for multiple languages, the compiled versions of our product, Outlook, and two instances of Excel open at once (this is not an unusual combination of programs that need to be open at a given time). Also, there is often a tendency to break away from the stated op plan and go chasing after relatively minor accomplishments. This doesn't strike me as happening much more than it would at another company, though.

    Recommends
    Positive Outlook
  2.  

    Good, laid back, a bit of mis-management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer  in  Chicago, IL
    Current Employee - Software Engineer in Chicago, IL

    Pros

    food, work, take initiative, management

    Cons

    less interesting projects, upper management not good.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Great company with great opportunities for advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant  in  Chicago, IL
    Current Employee - Consultant in Chicago, IL

    Pros

    Coworkers, Good Hours, Industry Exposure, Competitive Pay

    Cons

    Office Maturity, Prestige, Groupthink, Menial work at times

    Advice to ManagementAdvice

    FactSet is in a great position to take market share from their competitors. At a certain point however, engineers and product development need to focus speed and stability over bell and whistles.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great company, good people, good benefits!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant  in  Chicago, IL
    Current Employee - Consultant in Chicago, IL

    Pros

    Great People, good lunch and health benefits.

    Cons

    Room for advancement can be limited at times.

  6. 4 people found this helpful  

    Good, but far from great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    Pros

    Health insurance is outstanding, free lunch (~$8) monday - thursday, decent pay although a bit low. I would only recomend this place to a friend because of the health insurance.

    Cons

    Almost no vertical movement available, severe micro-management by director-level people, annual review system makes no sense at all and almost everyone hates it with a passion yet HR will not change it, no path for complaints without real fear of retaliation and backlash. Also, FactSet does NOT PAY the FEDERALLY MANDATED reimbursement for 24-hour on-call rotations.

    Advice to ManagementAdvice

    Read federal and state labor laws. Provide more opportunity for current employees or watch them go elsewhere.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Great place to launch a career, but long term opportunities here are questionable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President of Key Accounts  in  Chicago, IL
    Current Employee - Assistant Vice President of Key Accounts in Chicago, IL

    Pros

    On-site exposure to investment management professionals, opportunity to build network of relationships in buyside space, access to resources to learn about finance and financial markets, great training for new employees, benefits are exceptional

    Cons

    The promotion system is a mystery. At times it seems someone reaches into a bag and draws a name to decide who gets promoted. Some Consultants move up after a year, whereas some have been Consultants for more than three years. Seemingly no pattern to this. Also, a Consultant's skill set surpasses that of management in terms of ability to support clients very quickly. At that point if you don't have a clear vision of where your career is going, and make that known, you will be stuck in one place. You have to be extremely self-motivated to establish a long term career here.

    Advice to ManagementAdvice

    Know our clients. Know our jobs. Ask questions.

    Recommends
    Approves of CEO
  8. 2 people found this helpful  

    Fun at first, but problems with management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Consultant  in  Chicago, IL
    Current Employee - Consultant in Chicago, IL

    Pros

    -Young, fun employees
    -Decent pay, especially out of college
    -Oppotunity for promotion

    Cons

    -Review system designed to discourage confidence
    -Severe lack of communication between consultants and management

    Advice to ManagementAdvice

    -Tell us what we are supposed to do!

    Recommends
    Approves of CEO
  9. 1 person found this helpful  

    A open and friendly place to work that makes the contributions you place feel valued and compensated.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Systems Engineer  in  Chicago, IL
    Current Employee - Systems Engineer in Chicago, IL

    Pros

    Benefits, Work Life Balance, and ability to work remotely when taking care of personal issues. The free lunches (mon - thurs), open stocked kitchen is quite an incentive and the ability to charge meals is a good way to keep up morale and improve productivity at a relatively low cost. Above average health care compensation also is strong reason to stay with the firm. FactSet has consistently taken a conservative approach to finance management placing them in a strong position in a tight economy. The sector also helps ensure job security since data and analytics become ever more important during times of extreme market volatility.

    Cons

    Jobs that are client facing can be tough since some of the people that you might work with are under high pressure and pass that pressure on to you. This might result in working long hours but FactSet provides all the tools to help the clients out while minimizing the burden on you. Management roadmaps aren't always clear and concise or when they are they don't always have status updates communicated downward. Working with older technology or hardware can also be quite frustrating however management seems to understand and are working to eliminate unreliable or outdated technology as budgets and end of life agreements allow.

    Advice to ManagementAdvice

    Remain open, communicate clear and concise plans, regularly update employees of plans, and communicate clearly to all managers expected response and involvement in achieving the high level plans while defining quantitative measures of success.

    Recommends
    Approves of CEO
  10.  

    FactSet is a tremendously well-run business who takes care of hard-working, top performers.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales Specialist  in  Chicago, IL
    Current Employee - Sales Specialist in Chicago, IL

    Pros

    FactSet is a hard-working, humble and performance-driven culture. My colleagues are great. I get to travel all over the country and work with leaders in the investment management industry. Benefits are tremendous. Office facilities are top-notch. Work is constantly challenging and rewarding. Our culture is our strongest asset that competitors simply cannot replicate. It starts at the top.

    Cons

    Consistently long hours. I would like to be paid more. I don't have many negatives to say. Negative reviews would only come from poor performers who don't work hard or disgruntled employees of a company FactSet acquired.

    Advice to ManagementAdvice

    FactSet's senior management has all my confidence. They all carry themselves with humility, confidence and integrity. My advice would be to continue what they've been doing the past 5 years.

    Recommends
    Approves of CEO
  11.  

    Good place to work overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales  in  Chicago, IL
    Current Employee - Sales in Chicago, IL

    Pros

    Great work environment and great benefits

    Cons

    Once you're in sales you're stuck there

    Advice to ManagementAdvice

    Keep on doing what you do

    Recommends
    Approves of CEO

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