FactSet - Best in the financial software industry | Glassdoor
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There are newer employer reviews for FactSet

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Helpful (2)

"Best in the financial software industry"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Software Engineer in New York, NY
Former Employee - Senior Software Engineer in New York, NY
Recommends
No opinion of CEO

Pros

Benefits, work/life balance, work from home privileges (note: not all teams have this), very strong engineering culture, smart engineers and capable managers, relatively fair review system, tries to be client driven, strong onboarding plan (new hire training, mentors), innovation encouraged, company will support you resource-wise in "getting things done", relatively little bureaucracy due to PD / engineering division of labor, patience with new hires, excellent in-house managerial training, decent social atmosphere (you have to be here for a while to appreciate it).

Cons

Rigid promotion requirements hinder top performers from faster recognition (for some teams, not all), pay is average to below average for the financial software industry in NYC, in-house technology-oriented training not at the level of managerial training, an initiative needs to be developed to help PDs and engineers collaborate better (I'm serious about this), working in the financial software domain means you don't really understand the end-user (unless you are a banker or money manager), some teams have pager / on call duties, specialization means cross-team moves are less likely.

Advice to Management

FactSet is the best place to work in the financial software industry, despite its shortcomings. I qualify this because the industry may not have the mass appeal as some others such as consumer-facing industries or social networking companies. Nothing you can do about that. Recommendations: make the promotion structure more fluid for high-performing engineers. Pay PDs more, they deserve it. You are not a mediocre company but you pay like one; raise your average pay to be in the top 10-15 percentile in the industry. You have a ton of free cash flow, make sure you do everything you can - not only pay, but also benefits, promotions, training, and compelling work - to keep your top performers motivated and challenged.

Other Employee Reviews for FactSet

  1. "Great culture, benefits, and people. Location stinks."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Norwalk, CT
    Current Employee - Anonymous Employee in Norwalk, CT
    Recommends
    Approves of CEO

    Pros

    Culture, benefits, people are awesome. You work with your friends.

    Cons

    Norwalk location is not the best. Opportunities for personal/professional growth can be hard to come by.


  2. "Okay"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Programmer Analyst in Norwalk, CT
    Current Employee - Programmer Analyst in Norwalk, CT
    Recommends
    Approves of CEO

    Pros

    the salary and benefits at FactSet are most likely the key factors of making it one of the best places to work at.

    Cons

    May get stuck with a boring project

    Advice to Management

    Document your software (internal). There could be some standards set in place or a designated person to review and document software. This is especially important for internal software as this is heavily used to help run the company. Overall, I respect FactSet, its policies, and my current compensation.

There are newer employer reviews for FactSet
There are newer employer reviews for FactSet

See Most Recent

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