Pros
If you don’t get selected by your first choice out of college, FactSet is a great opportunity to work alongside those types of firms and transition to them after a year. No disrespect intended (hey, I work here too), but if you’re a B- or below talent then you can find a stable and safe career here. 9-5 job and very little in terms of stress or repercussions in non-sales career paths. Better perks (not pay) than most of our clients (healthcare, snacks, happy hours, vacation, etc.) but laughably less than comparable tech firms in the same cities.
Cons
Offshoring operations to Philippines and India all the while importing bodies from ‘western’ countries to offset lack of internal candidates in the States (lowers EMEA/AsiaPac talent pools as well as domestic morale and wages). Compensation * $60K ($70K in SF) domestically to start (college new hire) * Rated 1-5 every 6M; 1=~$5k, 2=~$3k, 3=~$1.5k, 4=$0, 5=Fired * Above is rough 3 year averages for raises * Ratings are on a weighted curve; eg: 10% of employees can be rated a “1” and they are trying their best to move to an annual compensation review (already done in the SBUs). * Can earn near $100k after 5 years at top rating (again only 10% clip due to distribution and no one is rated 1-2 in first year); problem is every coastal start-up, large client, or reputable tech company pays that in 1-2 years for similar Customer Success or Analyst roles. * Realistically not eligible for bonus until in Sales or as a ‘Senior’ Manager (still <=~$10k); have to crush goal or be fairly senior (10+ years) for anything meaningful. Stock options exist, but in 5+ years of being 1-2 rated I’ve yet to receive any, but your mileage may vary. Much more not listed, but suffice it to say the cons greatly outweigh the benefits in the 2018/19 economy. Best thing that could happen to FactSet would be another recession.
