FactSet Reviews

Updated April 12, 2015
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3.0
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FactSet Chairman and CEO Philip A. Hadley
Philip A. Hadley
76 Ratings

150 Employee Reviews

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  1. Helpful (3)

    I worked as an intern during the summer

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

    I worked at FactSet

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great benefits, strong company. It is growing versus bloomberg and its competitors. Great work/life balance.

    Cons

    very siloed company. very little variety in projects. slow promotion process. Middle management has the tendency to nitpick and are not very good at managing people.

    Advice to Management

    Make the company more meritocratic. Help grow autonomy in employees. Teach middle management about better ways to manage employees while having sufficient autonomy.

  2. Helpful (1)

    Perfect 1st job out of college.

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

    I worked at FactSet full-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great Benefits. Compensation is competitive. Employee stock purchase plan is great. Fringe benefits are nice to ok.
    Work/life balance is great.
    Usually feel like a valued employee.
    Good opportunities to grow and learn right out of college.
    Go, learn have fun at Factset. Then leave for something more interesting after a year or two.

    Cons

    First 2 years you can have great growth and learning. But if you aren't on the right team, you'll hit a ceiling where work stops being interesting or challenging. You'll settle into the same ho-hum routine. To break that, you need to switch groups or companies.
    Connecticut, you love it or you hate it. I hated it.

    Advice to Management

    Factset is almost like a finishing school for software engineers. You take college undergrads, put a 'baby's first professionalism' polish on them and then send them off to their 2nd job.
    Software engineers are always told they're the most valuable asset of the company but often times it doesn't feel that way. Advice or calls for change from the engineers are seemingly ignored or marginalized.
    Opportunities to learn and grow professionally seem to diminish the longer we're at Factset.

  3. Account Executive

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

    I have been working at FactSet full-time (more than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great people and culture with a good work life balance. Positive environment of a successfully growing company. Growing internal opportunities.

    Cons

    Non-transparent compensation system. Decent salary with little no chance of commission based bonus.

    Advice to Management

    Continue to layout the high level company vision and be more clear with implications that will have on mid to lower level employees.

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  5. Solid place to start your career

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

    I have been working at FactSet full-time (more than 8 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Great people, good work/life balance.

    Cons

    Don't bother working harder than your colleagues - you won't be rewarded for it.

    Advice to Management

    Get out of the way

  6. Helpful (1)

    Good place to start after graduation, not a place for a long time

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

    I have been working at FactSet (more than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Kind people to work with, great work/life balance, great benefit and free lunch.

    Cons

    Don't have many opportunities to work on challenging projects, so it is not good for career development.

    Although benefit is good, base salary is low, and there are no bonus and stocks.

    Great performers are not well rewarded. Their annual salary raise is only 2%-3% higher than ordinary people.

    Immigration policy is disappointing. You usually need to wait for more than 3 years to start green card application after you start working, and you might pay money back if you leave.

  7. Helpful (9)

    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 a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    -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.

  8. 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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    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 Management

    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

  9. Helpful (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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

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

  10. Helpful (1)

    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)

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

    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.

  11. 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)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    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 Management

    Learn how to manage your employees properly.

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