FactSet Reviews

Updated April 24, 2015
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Employee Reviews

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  1. Fun atmosphere, smart people great environment to learn and flourish.

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

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

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

    Pros

    free lunch, community events, nice office park location

    Cons

    not really anything that comes to mind

  2. Helpful (2)

    Great first job, nothing after that...

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

    I worked at FactSet full-time (More than 5 years)

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

    Pros

    It is pretty hard to get fired from FactSet which can be frustrating for top performing employees.

    Cons

    FactSet has a great way of hiring entry level employees right out of college and manipulating them to think this is the best place to work on the planet where they have no perspective on how other companies will operate. They distract them with things like happy hours, free lunches, vitamin water in the fridge, etc. where the hardest workers continue to get pushed harder and are significantly underpaid relative to competitors. They can also easily be distracted by internal politics for advancement opportunities meaning they will promote the more senior employee instead of properly staffing positions where qualified people with proven track records should be considered. Promotion decisions are generally decided before the opportunity presented to the general pool of employees.

    Advice to Management

    It is time for a change on how compensation is structured and a significant reorganization of account managers, sales people, support teams, etc. is required. Senior employees continue to grow more and more frustrated until a mediocre opportunity comes around with another company and they leave considering the amount of 5-10 years of experienced employees that have left in the past several years.

  3. Helpful (2)

    Best Software Engineering Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Software Engineer Intern in Norwalk, CT
    Current Intern - Software Engineer Intern in Norwalk, CT

    I have been working at FactSet as an intern (Less than a year)

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

    Pros

    Extremely nice people, very knowledgable team of guys that are always willing to help you learn and achieve more; great free lunches Monday-Thursday; relaxed environment; feasible deadlines. There are numerous different areas to work under so that one may become familiar with many diverse technologies.

    Cons

    The company is relatively new and therefore it is smaller than competitors like Bloomberg, so sometimes it may feel a little too casual... but this is a plus for me.

    Advice to Management

    If possible, try to train more specifics of certain jobs - that being said, you guys do a great job of holding learning sessions for specific lanugages, libraries, and frameworks!

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  5. Helpful (2)

    Rewarding work, too much politics

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

    I have been working at FactSet full-time

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

    Pros

    Good work / life balance, internal training opportunities. Company has a fairly flat structure, so opportunities for advancement are somewhat limited. Smart growth strategies are paying off.

    Cons

    Compensation is probably less than industry average. Need to better incentivize highly productive workers. Company has followed industry trend of offshoring many operational functions.

    Advice to Management

    Need to better incentivize highly productive workers.

  6. Good place to gain experience and start your career.

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

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work-life balance, most people leave by 6:30

    Cons

    Career advancement tappers off once you reach a certain level.

    Advice to Management

    Be more transparent with employees

  7. Helpful (1)

    Great People, Tough Environment

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

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

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

    Pros

    The culture is great, you are treated like an adult and given plenty of leeway. If you do your work and meet your deadlines then you'll be very comfortable at FactSet.

    Cons

    You'll have to deal with very old, obscure, poorly-documented code and procedures. Project deadlines are often unrealistic in regards to dealing with this fact and overtime is often needed in order to meet your goals. There is also a lack of advancement opportunities.

    Advice to Management

    Improve coding standards, project specs, documentation, and development tools. Provide better paths to advancement for engineers so they don't feel pressured into management positions for which they are not qualified.

  8. Helpful (2)

    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 a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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 Management

    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.

  9. Helpful (3)

    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 a year)

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

    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 Management

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

  10. Helpful (2)

    Unbelievably dead work environment.

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

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

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

    Pros

    Low pressure environment that lets you work 9 to 5 if that's your only priority

    Cons

    Unbelievably dead environment, low morale, no dynamism, high turnover, very distributed globally so 99% of interaction is by IM email etc

  11. Helpful (8)

    Great company to work out of college, gain experience and move on.

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

    I worked at FactSet full-time (More than 5 years)

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

    Pros

    FactSet used to be a company that people would stay at for years, but things have changed. It has grown and does not have the same small company feel or growth. Management is more concerned with satisfying the market and stockholders over investing in the long-term future. If you are out of school, it's a great place to get a job, learn, gain exposure to great clients, take your CFA and move on (don't stay more than 3-5 years regardless of what you are promised). Life/work balance is great as are benefits (lunch, insurance (keep in mind if you don't have a family the insurance isn't as valuable), CFA payment, vacation. People are also nice though you don't always get a sense of what is really going on, very hush hush and no one is direct.

    Cons

    Management is very keen on quick fix to keep profit over any big changes that will help the company long-term. Pay is below market. Middle management is a mere messenger, they do not have the power to really do anything else.

    Advice to Management

    It's probably time for a major shake-up.

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