FactSet Reviews in Chicago, IL | Glassdoor

FactSet Chicago Reviews

Updated June 13, 2017
22 reviews

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Chicago, IL Area

4.0
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Phil Snow
5 Ratings

22 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. "Good job, management so-so"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Support Engineer in Chicago, IL
    Former Employee - Corporate Support Engineer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at FactSet full-time (More than a year)

    Pros

    Great benefits, nice office, friendly environment. Room for growth, good team environment, friendly corporate culture. Gym in building, great location, pay is decent to start.

    Cons

    Long hours, management was inexperienced and used a micro-management style that was both frustrating and demotivating. Having regular positive feedback, as well as patience and training, would be vastly helpful.

    Advice to Management

    Get to know your employees and learn how to motivate them without exclusively using negative feedback. Develop trust and

  3. Helpful (1)

    "Great place to work!"

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

    I worked at FactSet (More than 10 years)

    Pros

    FactSet has a great environment, great benefits, and great employees. They give people opportunities based on ability regardless of tenure or experience level.

    Cons

    I have trouble thinking of any true downsides to working at FactSet. My time there was great, and I only left because I wanted to do something different.


  4. "Fantastic Culture"

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

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

    Pros

    - People work hard, enjoy life, and know that right balance.
    - all starts from the top - Phil Hadley was a great CEO and Phil Snow will be as well

    Cons

    - A lot of the culture and 'other things' tend to compensate for a salary that may seem lower than what you can get elsewhere. Go ahead and take the other job, the additional money isn't worth it.

    Advice to Management

    Keep on doing what has been built.


  5. Helpful (6)

    "Investment Management Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Management Consultant in Chicago, IL
    Former Employee - Investment Management Consultant in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at FactSet full-time

    Pros

    Good first job...experienced hires don't bother. Great benefits, cover health/dental, lunch is paid for Monday-Thursday. Depending on department have the chance to work with outstanding clients and make great connections in the industry, often leading to job offers. Knowledge of the software is valuable when searching for new opportunities. Young, fun environment.

    Cons

    NOT a finance job! Do not believe how they sell it, this is a consulting job for software, not finance. Expect to know/learn how to code in the software. Decent first job salary but low for any expienced hire. Very poor management! Majority of managers started when company was young and are only in their positions due to seniority. Very little actual management experience and it shows. Very little room for advancement as promotions are based on seniority rather than performance. Best employees leave within a year or two tops.

    Advice to Management

    Restructure management to bring in experienced managers. Too much internal bureaucracy, and "homework" presentations that distract from what should be the true focus, building client relationships. Begin promoting based on performance rather than seniority. Lose your best employees after a year or two as a result.


  6. "Overall a great place to work"

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

    Pros

    Very collaborative atmosphere involving various different groups.

    Cons

    The company has expanded very fast and there may be less room for growth.


  7. "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

  8. 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.


  9. Helpful (1)

    "No place to make money. The carrot is $65 an hour. The reality is its less than minimum wage."

    StarStarStarStarStar
    Former Employee - Associate Editor in Chicago, IL
    Former Employee - Associate Editor in Chicago, IL
    Doesn't Recommend

    I worked at FactSet part-time (Less than a year)

    Pros

    work at home, part time. It is a publicly held company

    Cons

    their schedule requires one to wait for an upcoming report. Lots of waiting,down time.

    Advice to Management

    more cordial contact with associates is needed.


  10. Helpful (4)

    "OK company, but much of success has been due to lack of good competition."

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

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

    Pros

    (1) Good view from window.
    (2) Work is interesting.
    (3) Internal IT staff is excellent.
    (4) OK place for a recent grad to get started.

    Cons

    (1) Training classes (of mostly kids out of college) promotes a very cliquey environment. If you were not on a track that went through this training, you felt left out.
    (2) Seems like more than half of ones time was preparing for meetings, attending meetings and scheduling follow up meetings. Meetings are such a part of the culture that there is much attention given to 'Facilitators' whose job it is to keep the meetings moving. It's great that they're there, but scary that they're needed.
    (3) Annual reviews use a '360 Review Process' . It's great that the opinions of one's peers are included, but it seems to be at the expense of one's accomplishments. Peers are invariably biased; too often petty differences are aired. There is SO much pressure not to rock the boat.

    Advice to Management

    Hire some senior management from outside the company. There are layers and layers of middle management that should be cleared out but the existing home-grown executives seem reluctant to clean house.


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