FactSet Senior Software Engineer Reviews | Glassdoor

FactSet Senior Software Engineer Reviews

Updated 23 Aug 2019

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Found 58 reviews

4.0
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69%
Recommend to a Friend
84%
Approve of CEO
FactSet CEO Phil Snow (no image)
Phil Snow
15 Ratings
  1. "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Norwalk, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FactSet full-time for more than 5 years

    Pros

    Awesome work culture and great stuff to work on. The benefits are awesome too.

    Cons

    In a yet to develop suburban area but still pretty close to the City.

    FactSet2018-03-26
  2. "Good place to work out of college"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Norwalk, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FactSet full-time for more than 5 years

    Pros

    Good work life balance Friendly coworkers Low stress environment

    Cons

    Stagnant salaries Little benefit for high performance

    Advice to Management

    Salaries need to be kept competitive or your best talent will jump ship. Many of my most talented coworkers have already left and they've all gotten significant pay raises.

    FactSet2019-08-10
  3. Helpful (4)

    "Company culture changed over the years"

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

    I have been working at FactSet full-time for more than 5 years

    Pros

    Most of people working here are very nice, and welling to teach. Depends on the team, but most teams have good work and life balance.

    Cons

    After the new CEO started a few years ago, the company started to focus less on engineering, but more on business. Engineering resource is lacking in most teams.

    FactSet2019-02-28
  4. Helpful (14)

    "Not for good talents"

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

    I have been working at FactSet full-time for more than 3 years

    Pros

    Easy environment, low stress for most of the projects. Good for retirement and people who just looking to settle down.

    Cons

    Very bad compensation, 2-3% raise last year and 0 raise this year except juniors on already low comp, major cut in bonus across the board. Ironically, the stock price keeps going up and the c suites getting significant raises.

    Advice to Management

    Morale is extremely low in most of the engineering departments. People with good talents would not want to continue working here. Only the mediocre will stay. You need to care less about stock price and more about your employee.

    FactSet2018-11-10
  5. "Senior Software Engineer"

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

    I have been working at FactSet full-time for more than a year

    Pros

    Good compensation. Good benefits. Slightly laid back culture

    Cons

    Very different culture across multiple acquisitions and at this time it feels like chaos

    Advice to Management

    Need to incorporate acquired companies to be brought in and made a part of the company

    FactSet2018-08-06
  6. Helpful (29)

    "Don't work in Norwalk"

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

    I worked at FactSet full-time for more than 3 years

    Pros

    The good: - Health care was top notch. - Starting pay for college graduates was good. The OK: - There is 401k matching but on a 5-year vesting schedule. - ESPP, with sell restrictions. - Lunch is free from the generic cafeteria. The food quality is pretty poor. - Work-life balance is alright, however, there is also on-call, so depending on the team you might have to carry your laptop around with you 20%... of the time and likely get paged in the middle of the night. You are not compensated for days of free time lost due to pages of unstable systems.

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    Cons

    - Unexcusably low pay raises for top performers. - No bonuses. - Comp is pretty much evenly distributed across engineering, so don't expect more money if you work on a fast growing or revenue generating project. - A lot of engineers in Norwalk seem to be pretty unhappy. - Heavy outsourcing. - Ridiculous bureaucracy. - Management will pretty much lie to your face on a regular basis. - For an "engineering"... company, there are some pretty bad practices (No QA on some products, poor unit testing, old versions of languages and frameworks) - This is a feature factory

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    Advice to Management

    I think the actions that management has made over the past two years cannot be reversed (outsourcing, restructuring, low pay). The damage to moral is done, and I think they will start paying the price over the coming months, with a lot of talent leaving.

    FactSet2017-12-06
  7. Helpful (4)

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

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

    I have been working at FactSet full-time for 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.

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    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.

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    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.

    FactSet2017-10-31
  8. Helpful (4)

    "Lack of competance"

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

    I worked at FactSet full-time for more than 5 years

    Pros

    Free lunch/ nothing to do.

    Cons

    low pay, no bonus.

    Advice to Management

    start doing something

    FactSet2017-03-28
  9. Helpful (2)

    "Senior software engineer"

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

    I have been working at FactSet full-time for more than 8 years

    Pros

    Good work life balance. Flexible, but that all depends on your direct chain of management. Working closely with product development allows you to make technical decisions and shape up the code base within your scope.

    Cons

    Not a big fan of old technology that's still being used. Migrating from one platform to another takes forever. Too much legacy stuff to maintain

    FactSet2017-02-16
  10. Helpful (6)

    "Nice company, bad compensation practices"

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

    I worked at FactSet full-time for 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.

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    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.

    FactSet2016-10-22
Found 58 reviews