FactSet

  www.factset.com
  www.factset.com

FactSet Reviews

Updated November 16, 2014
Updated November 16, 2014
474 Reviews
3.7
474 Reviews
Rating Trends

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

Review Highlights

Pros
  • There is a great work/life balance and there is a general nice feel around the place (in 81 reviews)

  • very good work life balance; nice coworkers; no pushing; soft deadline; free lunch (in 106 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 10 reviews)

More Highlights

131 Employee Reviews Back to all reviews

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  1. 3 people found this helpful  

    Choose your team carefully; you're individual experiences will vary. Value experience over young.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer I in New York, NY
    Former Employee - Software Engineer I in New York, NY

    I worked at FactSet full-time (more than an year)

    Pros

    FacSet is full of bright young, and somewhat upbeat recent college grads who are eager to learn and investigate new technology. Your experience here will be heavily dependant on your team and your manager and not the company as a whole. Some of the great things about FactSet include:

    -loads of new things to learn
    -Loads of Modern Front End Technologies
    -Work with multiple languages (Java, C#, python etc etc.. we use all of them in someway)
    -Resume becomes extremely marketable very quickly (Thomson Reuters and Bloomberg will bombast your linkedin accounts)

    Cons

    -Inexperienced developers (Start an application from scratch with mostly recent grads, and no one on the team had serious experience working with any of the tools before starting the project)
    -Heavy handed with H1B visas (Team of 8 people, 12 of them including both managers are H1B visa holders)
    -Inexperienced managers. (Poor people skills, very unsympathetic, F.O.B. level foreign)
    -Too much bureaucracy (I need to go through 6-7 different processes and involve 10-12 people on the team in order to submit a bug fix or new
    -OLD ARCHAIC BACKEND, we have to write C++ code to compile with limited debugger and development tools on a OpenVMS cluster. HP is about to discontinue this server technology.
    -Nothing is documented. Not even 20 year old server technology that we invented.
    -difficult to relate to product (How sexy does "Financial Reporting/Analytic tools" sound to someone on a date?)
    -too "corporate" in the NY office. No one is upbeat or energetic and when you try to spread that enthusiasm you are met with a wall. (I guess that's a introverted engineer thing)

    Advice to ManagementAdvice

    -HIRE MORE EXPERIENCED DEVELOPERS
    -HIRE FEWER H1Bs
    -MANAGERS SHOULD HAVE MORE THAN JUST A YEAR OF EXPERIENCE AT THE COMPANY
    -Allow members to change teams faster than 18 months. That's just a way to lose a skilled developer to a competitor.
    -FOR THE LOVE OF GOD STOP DEVELOPING ON VMS WE ARE STILL DOING NEW DEVELOPMENT WORK ON IT AS OF 09/08/2014.THROW THE TERRIBLE SERVERS OUT THE WINDOW! ITS A GOD DAMN NIGHTMARE FOR ANYONE TO WORK WITH. 30 STEPS TO RUN A PREBUILD. WHAT IS THIS CRAP!
    -Marquee cannot be an all in one software stop trying.
    - Again, HIRE MORE EXPERIENCED DEVELOPERS.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good days and bad

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

    I have been working at FactSet full-time

    Pros

    Good pay, upward mobility, supporting leadership, flexible

    Cons

    Hard to grow technically, ugly legacy codebase, centralized knowledge, hard to be proud of your code

    Advice to ManagementAdvice

    Help employees grow technically, provide more training, guidance, use best engineers to teach, reduce pressure to deliver new products while maintaining old product, strategize for employee retention and software scalability, not just current client retention

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Has been a great company but new management has different values

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at FactSet full-time

    Pros

    Great benefits, develop a great network in the financial community, given a lot of responsibility early in career, community service, free lunch

    Cons

    Change in leadership, lack of loyalty, below average compensation, constantly reorganizing departments, tons of internal politics, much of the office space is outdated

    Advice to ManagementAdvice

    Stop the constant reorganization and promotions based on politics. Get back to the values that have made the company great in the past

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Good salary, lack of opportunity -- best to leave after a year or two.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA

    I worked at FactSet full-time (more than 3 years)

    Pros

    Good salary and benefits. You get to work with smart and friendly people. Great spot for one to two years of entry level work.

    Cons

    There doesn't seem to be much of a company vision, and that's somewhat expected given the nature of industry. Lack of learning opportunities. No culture. This all leads to a somewhat unmotivated workforce.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Good company if you do not work in the operations department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Supervisor in Reston, VA
    Current Employee - Operations Supervisor in Reston, VA

    I have been working at FactSet full-time (more than 5 years)

    Pros

    Good health benefits. Stable place to work.

    Cons

    Managers do whatever they want to your schedule. You could be working 6 days straight or thrown to overnight shift in the blink of an eye.

    Advice to ManagementAdvice

    Learn how to manage your employees properly.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7.  

    Okay place to start your career, not great to stay long term

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Content Specialist in Norwalk, CT
    Former Employee - Content Specialist in Norwalk, CT

    I worked at FactSet full-time (more than an year)

    Pros

    Good benefits, free lunch 4/5 days of the week, increased responsibilities given to you if you are able to prove abilities; work life balance was ideal as most of the work days was by and large 9-5.

    Cons

    Compensation is below market; it is apparent that some people have been in their roles for years (and perform poorly/flat trajectory), but over the years have just been parked in one role and will never move out of that space for the rest of their tenor with FDS; career growth can take years as it is more political than any thing else (as management structure is not flat, and promotions can not happen until end of fiscal year and need to be approved by upper management).

    Advice to ManagementAdvice

    Scale compensation to the value your teams are delivering, and train managers to focus on how to grow their people (not just making sure they get their stuff done for the day).

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Mediocre, not exciting company

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

    I have been working at FactSet full-time (more than an year)

    Pros

    Work life, given a ton of freedom

    Cons

    Pay, pay and pay again. Promotions based on tenure not qualification. Company would rather see employees leave than break their rules of no advancement within the company unless you've worked x amount of years.

    Advice to ManagementAdvice

    Need a shakeup, same old managers running the company since the 90's and have no perspective.

    Take on some debt and make a real acquisition to compete with Bloomberg.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    A lot of hours, a lot of travel - good people

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

    I have been working at FactSet full-time (more than an year)

    Pros

    most of the people are great to work with

    Cons

    ibanking model - work you until you drop to you burn out quickly

    Advice to ManagementAdvice

    if you are going to have the ibanking model, pay the ibanking model

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10. 4 people found this helpful  

    The company is not what it once was. Initiative and innovation have been replaced by complacency and cya.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FactSet

    Pros

    Good benefit programs. Stipend for lunch 4 days a week. Clean office spaces.

    Cons

    Focus is on expense reduction, keeping the stock price up and pleasing research analysts instead of focus on innovation, improving, and customers. Many poor managers in place because of connections vs abilities to lead and manage. Risk taking, extra effort, and new ideas replaced by a "cover your a**", do what you're told and just exist.

    Advice to ManagementAdvice

    Stop trying to follow what is written in management textbooks.
    Do not stifle your employees because you are so busy trying to create useless metrics.

    Recommends
    Negative Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Better management needed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Norwalk, CT
    Former Employee - Anonymous Employee in Norwalk, CT

    I worked at FactSet full-time (more than 8 years)

    Pros

    Free lunch, locality, work, life balance. Summer fun. The volunteer work FDS does. Salary isn't bad. Training is very intense.

    Cons

    Managers play favourites, they promote in length of time, not work ethic. There are many micro managers. There are employees there that do nothing all day

    Advice to ManagementAdvice

    Weed out bad managers

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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