FactSet - Unclear promotional structure | Glassdoor
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Helpful (3)

"Unclear promotional structure"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Consultant in Chicago, IL
Former Employee - Consultant in Chicago, IL
No opinion of CEO

Pros

Great benefits, young work environment, good life/work ratio.

Cons

The corporate structure needs to be overhauled to provide more opportunities for consultants to progress within the company. As it stands now, consultants are pigeon holed with current accounts and receive promotions by being in the right place at the right time. There is very little communication from management about future opportunities or professional coaching to retain top performing employees.

Advice to Management

Increase communication about management changes and potential career paths.

Other Employee Reviews for FactSet

  1. Helpful (2)

    "Fun at first, but problems with management"

    Star Star Star Star Star
    • 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, fun employees
    -Decent pay, especially out of college
    -Oppotunity for promotion

    Cons

    -Review system designed to discourage confidence
    -Severe lack of communication between consultants and management

    Advice to Management

    -Tell us what we are supposed to do!


  2. "No Leadership - Non-accountable Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Norwalk, CT
    Current Employee - Anonymous Employee in Norwalk, CT
    Doesn't Recommend
    No opinion of CEO

    Pros

    Free Lunch
    Being exposed to over 200 different products redistributed through FactSet
    Learning what engineering can do

    Cons

    Majority of managers have no prior industry experience, a requirement of the FactSet 360 review

    Managers have outdated skill set and do not possess the skills that are now required to manage new restructured positions and new positions they are hiring for

    Advice to Management

    Stop accepting new hire slots haphazardly when there is no real career path intended for the role. Discontinue the backtracking and covering up of management mistakes by hiring new people to obtain theknowledge that you could easily discover yourself..it's not only wasteful but it's the reason you earn bonuses and have progressed so well at the firm in the first place

    Put in more time, most higher managers work 9-5 or come in early and leave at 5pm

    Just because the company has done well and just because you have been there since it's pre-IPO days, does not give you the license to not work hard today.

    Stop looking down at staff who haven't been there from inception or who have not been recruited from select schools. Continue to work hard in these down economic times....and give bonuses and compensation carefully, not just to those people who do the majority of the 360 reviews = oftentimes it's political.


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

See Most Recent

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