FactSet Reviews

Pros

- Great Vision and products
- Great benefits
- Less pressure
- Friendly co-workers and management
- Competent Engineers and others

Cons

- Hard to advance career in remote offices
- same people in management since the beginning
- company has grown over the years yet a feel of small company

Advice to Senior Management

Should take bold steps and be willing to invest more in product development. Also, more oppurtunities and career path for existing employees.

Pros

- Great culture and environment to work in
- You get to work with a very diverse set of clients and gain exposure to the finance industry.
- You get a lot of independence and responsibility very early on in your career

Cons

- Information is not always filtered down from senior management

Advice to Senior Management

As FactSet continues to grow, it will be even more important to expand the amount of methods of communication among employees.

Pros

Free Lunch Program
Fantastic Health Benefits
Tuition Reimbursement
Good Bonuses
Intelligent Co-Workers
Very Flexible with Schedules
Room for career growth

Cons

Can be monotonous at times
Hard working employees can be overlooked
Some Co-Workers are "Content"
Offices are Relatively Far Apart
No clear Career paths are Defined

Advice to Senior Management

Take a look at what employees actually care, and what ones just do the bare minimum (or less). Reward and promote those who are hard working and want to make a career out of their jobs.

Pros

Work with really cool people, who are of comparable age. Employees here are very nice and fun to work with.

Cons

No adjustment of salary (COLA) for working in NYC. Starting salary was the same across all offices in the US, so a clear disadvantage if you are hired for the NY office.

Advice to Senior Management

Be honest about compensation in upcoming periods. Either increase base salary or provide some incentive for employees. For a job in the financial services industry, the pay is very poor.

Pros

- Casual and friendly atmosphere
- Clean and professional work space
- Some projects are interesting
- Pockets of real talent do exist

Cons

- Disengaged CEO
- The senior most leaders have weak relationships amongst themselves
- No energy or drive to really succeed
- Everything is a success - including failed projects
- No consequences for consistently missing deadlines on key projects

Advice to Senior Management

CEO should get engaged. FactSet has some great assets but is letting real success just slip through its fingers. It can never become the next great player until its senior leaders can really talk with each other and listen to what is going on.

Pros

FactSet is an incredibly fun and rewarding place to work. There is a lot of opportunity in terms of career development, and employees are given a huge amount of responsibility from the very beginning. The benefits are next to none, the pension plan is great, the free lunch is a nice perk, and you get free dinner on those nights where you are stuck working late.

The actual work is quite fun as well, you get to be social and go visit clients frequently. Depending on which team you are you can travel frequently.

I have never once gone to bed on a Sunday night feeling sad or annoyed about having to in to work the next day. That is the first time I can say that about any job..

Cons

There is a little to much mixing of people's personal lives and professional lives at FactSet. This can be a good and bad thing.

Advice to Senior Management

For people in the consulting role, it often feels like you have very few career options if you are not planning to go into sales. You should clarify what other career paths are available.

Pros

has good perks and benefits, there is a high percentage to be part of growing company

Cons

not yet well-known or fame like their competitors when people heard the company name.

Advice to Senior Management

be competitive

Pros

- Challenging in terms of the training which is good
- There is sharing of knowledge
- People are smart and nice so you get to bounce ideas and feedback from them
- The clients they cater to allow for inside view of the financial services and how it works
- You are able to network with clients in the industry
-There are team bonding events which are great at times
- Lunch is catered for and you get snacks, fruit and drinks
- CFA studies paid for if that is your thing

Cons

- It has changed from a fun friendly company and grown more bureaucratic
- Not much career progression upwards
-You tend to move sideways or another department to better your skils
- Favouritism is highly favoured
- Bonus & incentives are not filtered down especially to some who worked hard during the year
- Promotion is based on who you know and not necessarily merit
- Not all management can lead
- It is every man for themselves
- Any studies outside CFA are not paid for
- Communication between management and direct reports lacks
- Key hardworking people have left the company or were forced to
- Cliques exists so you have to suck up to get in one
- If you don't drink, then you are easily left out of inside knowledge and those who do progress faster
- Blame culture exists

Advice to Senior Management

Communication is key..meetings are great on progress of the company but:
- some don't know the strategy
- reward those who work hard
- take the blame for issues which were self created and not pass off to direct reports
- have more management training
- stop promoting people based on length and who they are instead of those who have the skills to perform
- question why there is such a high turnover of key people

Pros

Great people, great product, great clients

Cons

Always a challenge but always learning

Advice to Senior Management

Keep up the good work

Pros

Free Lunch; Flexible working schedule

Cons

lack of communication from middle management

Advice to Senior Management

More transparecy in the review process. More direction needed. Managers need management training.