FactSet Reviews in New York City, NY | Glassdoor

FactSet New York City Reviews

Updated December 8, 2017
135 reviews

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New York City, NY Area

3.2
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Phil Snow
26 Ratings

135 Employee Reviews

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Pros
Cons
  • Some take advantage of the work life balance (in 28 reviews)

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

More Pros and Cons

  1. "Principal Content Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Principal Content Manager in New York, NY
    Current Employee - Principal Content Manager in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at FactSet full-time (More than 8 years)

    Pros

    Great health benefits, smart, engaged, collaborative colleagues, collegial atmosphere, interesting work

    Cons

    limited yearly increases, growing pains

    Advice to Management

    Pick fewer things to focus on and communicate those choices; encourage senior managers and executives below the CEO to communicate priorities and values to their groups; provide managers with more P&L transparency


  2. Helpful (4)

    "Good place to work as an engineer, needs a CTO though"

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

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

    Pros

    - Exposure to a wide variety of technologies
    - Generally smart, friendly, and helpful coworkers. Most employment horror stories don't apply to FactSet, everybody is decent here.
    - A companywide appreciation for work/life balance. You won't be expected to work more than a standard work week (other than rotating oncall duties), but if you want to do more, you will find opportunities for that.
    - Compensation is probably above average for software engineers. After a number of years you will also be eligible for stock options
    - Good health insurance

    Overall, I think this is a good place to develop a software engineering career. The only places that might be better are engineering-driven organizations like Google and Facebook, though every place comes with its own disadvantages.

    Cons

    I updated my review because I wanted to express my disagreement with the recent decision not to find a new CTO. Instead of a CTO they will have something like a Chief Product and Technology officer. Don't get me wrong, the product developers need a seat at the C-level. But even with the new SBU structure, there needs to be a single person who is responsible ONLY for engineering.

    I think this could end up being a very bad decision, because without central leadership engineering is at risk of stagnating/fracturing, especially since the engineers will also be divided into different strategic business units now. This also comes at a bad time, because solving stability issues will require strong leadership.

    Other cons:
    - Engineering is seriously lacking in internal documentation
    - There is some risk you could have a mediocre manager, though you can apply internally to change teams after 1.5 years or so
    - Less cutting edge work than Google or Facebook, but closer to the cutting edge than most other companies and improving consistently
    - Less support for H1B workers than some other companies (specifically I think they don't sponsor you the first year if you will have been with the company less than 6 months). Ask the recruiter for details on what to expect.

    Advice to Management

    Find a way to create a head person who is responsible only for engineering and has a lot of authority, perhaps reporting to the CPTO.

  3. Helpful (1)

    "Attrition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist in New York, NY
    Current Employee - Specialist in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at FactSet full-time (More than 3 years)

    Pros

    Free lunch Monday-Thursday
    Can't get fired

    Cons

    Equally bad pay for top and bottom performers.
    50% of consultants carry 90% of the work.
    Generally the employees leave for more money and more interesting work leaving consultants and "specialists" with bosses that are there for the work life balance.

    Advice to Management

    Reward your hard workers.
    Stop spending all your money on buying other companies that you haven't been able to integrate. The only person you are pleasing is your banker.


  4. "Assessment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FactSet full-time (More than 10 years)

    Pros

    Great culture and place to grow your career

    Cons

    Getting bigger so it's losing that small company feel that I grew up with.

    Advice to Management

    Utilize the data you have via performance appraisals and selectively promote star performers based on historical track record.


  5. Helpful (4)

    "Just Sad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analytics Consultant in New York, NY
    Current Employee - Analytics Consultant in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at FactSet full-time (More than 3 years)

    Pros

    Healthcare benefits are good, free coffee and snacks.

    Cons

    I experienced too many to name.

    Advice to Management

    This place needs change.


  6. Helpful (2)

    "Factset engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in New York, NY
    Former Employee - Software Engineer in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Growing culture new engineers can learn alot here

    Cons

    Old tech, slow pace, hard to keep up with new tech


  7. Helpful (1)

    "Software Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in New York, NY
    Current Employee - Software Engineer in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Decent work life balance - depends on department

    Cons

    Benefits are starting to be cut. Meager pay raises

  8. Helpful (12)

    "Good place if you're seeking work/life balance. Not so good if you value software engineering standards."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in New York, NY
    Former Employee - Software Engineer in New York, NY
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    -Excellent work/life balance. Flexible working hours and WFH is generally accepted.

    -Friendly work culture

    -Free lunch Monday-Thursday.

    -Good benefits package.

    Cons

    -Weak software engineering standards at an organizational level. Most engineers don't write tests and aren't required to either. Documentation is very poor/nonexistent. Shortcuts are commonly taken to meet deadlines.

    -General preference to develop tools inhouse when better third party tools already exist. These inhouse tools are generally poorly maintained.

    -Large legacy code base with outdated technologies

    -General lack of innovation. Most of the work seems to be focused on maintaining or making improvements to existing products.

    -Pay is average

    Advice to Management

    Establish better engineering standards across the company. Focus more on innovating new products.


  9. Helpful (5)

    "Unbelievably bad treatment by management."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in New York, NY
    Former Employee - Software Engineer in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Work life balance. Good benefits.

    Cons

    I was hired out of school after a fairly rigorous interview process. I started working under a manager who was condescending and rude to me from my first day at work. I was doing my level best to understand all I could about the code and was also trying to maintain design standards, which were virtually non existent in the existing code and about which my manager made a big deal. Talk about double standards. I was told I was asking too many questions; also that I was not a good Engineer and forced to leave within a year. It may have been just my manager who made this job such a pain. But I do not understand how a new hire can learn without asking questions. Terrible experience and a terrible manager.

    Advice to Management

    Don't take people if you're going to force them out within a year. The point of interviewing and hiring is to find the perfect fit for your company.


  10. Helpful (1)

    "rr"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Lead Machine Learning Engineer in New York, NY
    Current Employee - Lead Machine Learning Engineer in New York, NY

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

    Pros

    very good work life balance

    Cons

    technology and tools are old


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