FactSet Reviews

Updated April 29, 2015
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2.9
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Phil Snow
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Pros
  • Work life balance in the company (in 81 reviews)

  • Free lunch 4/5 days a week (almost free stipend in (in 105 reviews)

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

  • No career path unless sales, Motherly management unable to face tough problems head on (in 10 reviews)

More Pros and Cons

17 Employee Reviews

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  1. Best company to work for!

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

    Pros

    Young atmosphere and a lot of fun to work for.

    Cons

    I don't really know of any.

    Advice to Management

    Keep up the good work!


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

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

    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 Management

    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.


  3. Helpful (1)

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

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

    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 Management

    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.


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  5. Best Places to Work, It's true

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - QA Analyst in Chicago, IL
    Current Employee - QA Analyst in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Benefits, Free Lunch, Great Stock Purchase Plan

    Cons

    From a technical perspective they do not follow some of the normal SDLC methodologies

    Advice to Management

    Supplement the growth of the company with improved processes.


  6. Helpful (1)

    Good place to work overall

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

    Pros

    Great work environment and great benefits

    Cons

    Once you're in sales you're stuck there

    Advice to Management

    Keep on doing what you do


  7. Helpful (3)

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

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

    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 Management

    Know our clients. Know our jobs. Ask questions.


  8. Great company, good people, good benefits!

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

    I have been working at FactSet full-time (More than a year)

    Pros

    Great People, good lunch and health benefits.

    Cons

    Room for advancement can be limited at times.


  9. Great company with great opportunities for advancement

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Chicago, IL
    Current Employee - Consultant in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FactSet full-time (More than a year)

    Pros

    Coworkers, Good Hours, Industry Exposure, Competitive Pay

    Cons

    Office Maturity, Prestige, Groupthink, Menial work at times

    Advice to Management

    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.


  10. Helpful (1)

    A great company to work for and grow with

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

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

    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.


  11. great place for juniors

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

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

    Pros

    great work place if you are junior and eager to learn Fixed Income valuation and programming, life is easy here

    Cons

    nothing much to complain really, the menu for snacks and drinks has not been changed for years, also wish the company could open an other branch in LA



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