FactSet Reviews in Chicago, IL | Glassdoor

FactSet Chicago Reviews

Updated June 13, 2017
14 reviews

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Chicago, IL AreaCurrent Employees

4.0
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Phil Snow
1 Rating

14 Employee Reviews

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Pros
Cons
  • The career growth for some teams is not that great, sometimes a work-life balance might be tricky (in 26 reviews)

  • Slow career growth which is not transparent (in 25 reviews)

More Pros and Cons

  1. Helpful (7)

    "New hire to FactSet (<1 year)"

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

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

    Pros

    - Great benefits - Free lunch (Monday-Thursday & bagel Fridays), free healthcare, snacks/drinks in the office
    - Surrounded by great people
    - Raises / bonuses come over 6 months
    - Volunteer opportunities

    Cons

    - Not the typical 9AM-5PM, it simply depends on your team expectations.
    - Lunch time isn't very social. Everyone just eats at their desks.
    - Some people that have been here for a number of years that have the my way or the highway way of thinking
    - No summer Fridays
    - No bonus structure

    Advice to Management

    Give your employees the benefit of the doubt for work from home or work life balance. If you give your employees the flexible freedom you'll have happier and more successful employees


  2. "great place for juniors"

    StarStarStarStarStar
    • 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

  3. Helpful (2)

    "A great company to work for and grow with"

    StarStarStarStarStar
    • 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.


  4. "Great company with great opportunities for advancement"

    StarStarStarStarStar
    • 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.


  5. "Good, laid back, a bit of mis-management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Chicago, IL
    Current Employee - Software Engineer in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    food, work, take initiative, management

    Cons

    less interesting projects, upper management not good.


  6. "Great company, good people, good benefits!"

    StarStarStarStarStar
    • 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.


  7. Helpful (6)

    "Good, but far from great"

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

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

    Pros

    Health insurance is outstanding, free lunch (~$8) monday - thursday, decent pay although a bit low. I would only recomend this place to a friend because of the health insurance.

    Cons

    Almost no vertical movement available, severe micro-management by director-level people, annual review system makes no sense at all and almost everyone hates it with a passion yet HR will not change it, no path for complaints without real fear of retaliation and backlash. Also, FactSet does NOT PAY the FEDERALLY MANDATED reimbursement for 24-hour on-call rotations.

    Advice to Management

    Read federal and state labor laws. Provide more opportunity for current employees or watch them go elsewhere.

  8. Helpful (3)

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

    StarStarStarStarStar
    • 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.


  9. Helpful (2)

    "Fun at first, but problems with management"

    StarStarStarStarStar
    • 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!


  10. Helpful (1)

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

    StarStarStarStarStar
    • 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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