FactSet Reviews in Chicago, IL | Glassdoor

FactSet Chicago Reviews

Updated October 12, 2017
23 reviews

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Chicago, IL Area

23 Employee Reviews

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Pros
Cons
  • Some take advantage of the work life balance (in 27 reviews)

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

More Pros and Cons

  1. 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.


  2. "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.

  3. "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.


  4. "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.


  5. 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.


  6. 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.


  7. Helpful (3)

    "Unclear promotional structure"

    StarStarStarStarStar
    • 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.

  8. 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!


  9. 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.


  10. Helpful (1)

    "Good place to work overall"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in Chicago, IL
    Current Employee - Sales in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Great work environment and great benefits

    Cons

    Once you're in sales you're stuck there

    Advice to Management

    Keep on doing what you do


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