FactSet Reviews | Glassdoor

FactSet Reviews

Updated July 19, 2017
994 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 24 reviews)

More Pros and Cons

  1. "Enthusiastic, driven people. Professional culture. Good senior management"

    StarStarStarStarStar
    Former Employee - Consultant in Norwalk, CT
    Former Employee - Consultant in Norwalk, CT
    Recommends
    Approves of CEO

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

    Pros

    Senior management does a good job of communicating the company's direction and initiatives, resulting in a corporate culture that is team driven and collaborative.

    Cons

    Roles for advancement had been pretty sales oriented. It seems they are trying to change that.

    Advice to Management

    Continue to promote from within


  2. Helpful (1)

    "Great Place to Start Your Career"

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

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

    Pros

    The company is still growing, which translates into generous benefits and decent salaries for the people who work there. The free food and excellent health insurance plans are particularly noteworthy.

    The people who work here tend to be very smart, but still down-to-earth and approachable. Additionally, they have a well-established system for internal recruiting, which allows employees to avoid getting stuck in the department that hires them.

    Cons

    The performance review system is too simplistic. Consequently, many employees that slightly exceed their managers' expectations end up with the same raises as employees who either meet or fall a bit short of those expectations. FactSet gives good raises to significant out-performers, but only if they work in departments that contribute significantly to the firm's bottom line.

    Also, at least in my department, you need to get several promotions before you're eligible for a bonus.

    Advice to Management

    Add more nuance to the performance ratings.

  3. Helpful (6)

    "Nice company, bad compensation practices"

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

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

    Pros

    -- Great work/life balance
    -- Nice benefits, including good insurance and free lunch/snacks
    -- Fun and cutting edge projects (if you work on the right team)
    -- Laid back company culture (a.k.a. nobody will notice if you do nothing all day)

    Cons

    -- Exceeding goals is not financially rewarded - Compensation is based on stack ranking, and they force stack ranking to be uniform across teams. Therefore, compensation ends up uniform across teams, even when certain teams heavily outperform others.
    -- Boring projects on old technology (if you work on the wrong team)
    -- Significant effort underway to move engineering overseas - don't get in now.
    -- They tend to promote based on tenure, not fitness for management or vision for the company. So middle managers tend to get in the way and make bad choices
    -- Every year the raises get smaller, and fewer people get bonuses & equity. New CEO has prioritized hiring more C-level execs and spending more on marketing.

    Advice to Management

    -- End the use of stack ranking immediately - everyone else in the industry has recognized it as a terrible practice.
    -- Award compensation to teams and individuals based on the value of the goals they have achieved.
    -- Stop promoting people just because they've been there the longest
    -- Stop hiring C-level executives and consulting companies and start paying your employees who do real work their market value.


  4. Helpful (5)

    "Unprofessional , Immature & Insecure Workforce , Technology is stuck in time"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Senior Software Engineer in New York, NY
    Current Employee - Senior Software Engineer in New York, NY
    Doesn't Recommend
    Negative Outlook

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

    Pros

    The only reason one should be working at Portware(FactSet) is the benefits in terms of 401k , free food and medical insurance which is free courtesy Factset and if you are really not interested in doing good work. Otherwise stop wasting your time.

    Cons

    1) Extremely insecure dumb people who live in the dark ages.
    2) Whole company is full of h-1's who will do anything and code anything and give stupid timelines because they don't want to be thrown out of the country.
    3) Code quality will shock you and in a bad way. Nothing worse I have seen so far. Folks have no clue about the latest changes in technologies or what it means wrt the context being discussed.
    4) QA and testing is a joke. Unit testing is as alien as it comes as a concept.
    5) Folks yell at you for not understanding stuff and Extremely beligerent and unprofessional crowd.
    6) Oh and yes if you know how to write a Threadpool in code , you got the job... Everyone's asked the same interview question !!
    7) 80 percent of the crowd has only worked in 1 company , this one so they have no clue of how things can be done in an alternate way

    Advice to Management

    Senior tech management in the tech lead the tech directors need to be fired. They don't know jack about technology but everything about the product which after spending a decade anyone would


  5. Helpful (1)

    "Overall Great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in San Francisco, CA
    Current Employee - Consultant in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    -Love the culture and people are really dedicated to their work here.
    -You walk away with a jack-of-all-trades resume (proactive consulting work, project management, financial acumen, data analysis, relationship management)

    Cons

    -Compensation. It's not bad but does not stack well to the competition in San Francisco.


  6. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director of Research in Boston, MA
    Former Employee - Director of Research in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great benefits, lots of smart people working there.

    Cons

    Can be difficult to get things done within the context of a large company.

    Advice to Management

    None.


  7. Helpful (2)

    "Ok place to start with, laid back, helpful, but that's it."

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

    Pros

    Work life balance, ok pay, free lunch, good people to work with. They are willing to help and teach. Not many politics, laid back.

    Cons

    Stale technology, slow, inefficient, pay is way less than competitors. After a while, you feel yourself falling behind the cutting edge stuff, and you can keep up.

  8. Helpful (1)

    "Great entry level position"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer II in New York, NY
    Former Employee - Software Engineer II in New York, NY
    Recommends
    Positive Outlook

    Pros

    Excellent training program
    Tons of time to learn at your own rate
    Opportunities to grow (although you'll notice not everyone there is trying to do this)

    Cons

    There are many non-career oriented people. Some people like this culture, but I prefer to surround myself with highly motivated and driven colleagues.
    You may have a lot of self-directed time, some people cannot handle this well.

    Advice to Management

    It's going pretty well, keep up the good work!


  9. "salaries"

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

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

    Pros

    Good Heath and benefit depending on the group

    Cons

    Need to train the middle managers


  10. Helpful (1)

    "Research Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Specialist in Norwalk, CT
    Former Employee - Research Specialist in Norwalk, CT
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Nice Culture and great people to work with, in general. The culture varies for your position, from being the CS Engineers (almost start-up feel) to product development (relaxed company atmosphere) to consultants (close to finance environment). The management is looking out, and you'll even see them in the cafeteria at the Headquarters quite often.
    The RPD tool is a fantastic Project Management tracking system, and they should look into selling this out as a product in addition to the workstation.

    Cons

    They aren't very flexible about position relocation within the company. It is possible, but isn't common/encouraged.
    Additionally, the specific manager/team you have matters majorly, so seeing (in an interview/phone call) if you could speak with your prospective manager to determine a proper fit.
    The work can get dull and repetitive quickly, and they don't push building marketable skill sets as much as other companies I have worked at, so this leads to a higher turnover rate, particularly in younger workers.
    Many of the programming languages used here are specific to FactSet as well, so that builds individuals kind of into a hole the longer they stay.

    Advice to Management

    Focus on more policies that cover a whole group (PD etc) specifically to try and even out the differences between. Get more "Business" (PD, consulting) groups to be using SQL, Python, R, etc so that they don't feel as though they are being pigeonholed.


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