FactSet Senior Software Engineer Reviews | Glassdoor

FactSet Senior Software Engineer Reviews

Updated March 27, 2017
45 reviews

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Senior Software Engineer

3.5
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Phil Snow
5 Ratings

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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 25 reviews)

  • The career growth for some teams is not that great (in 23 reviews)

More Pros and Cons

  1. Helpful (1)

    "Senior software engineer"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    No opinion of CEO

    I have been working at FactSet full-time (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


  2. Helpful (1)

    "Lack of competance"

    Star Star Star Star Star
    • 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
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Free lunch/ nothing to do.

    Cons

    low pay, no bonus.

    Advice to Management

    start doing something


  3. Helpful (5)

    "Nice company, bad compensation practices"

    Star Star Star Star Star
    • 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.


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  5. Helpful (2)

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

    Star Star Star Star Star
    • 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


  6. Helpful (2)

    "Senior Software Engineer"

    Star Star Star Star Star
    • 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
    No opinion of CEO

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

    Pros

    flexible hours, friendly people, good place for the first job

    Cons

    really old technologies used at factset

    Advice to Management

    i don't really have any advice to upper management


  7. "Company evaluation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Boston, MA
    Current Employee - Senior Software Engineer in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to work, friendly

    Cons

    Legacy code base can take time to get used to.


  8. Helpful (3)

    "Good place to launch your career"

    Star Star Star Star Star
    • 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
    Approves of CEO

    I have been working at FactSet full-time

    Pros

    Good work life balance. New senior management is quite focussed on growth and is engaged with the employees. A good place to launch your career as a software engineer.

    Cons

    Lot of politics in middle layer management. Some of Product developers with financial backgrounds do not understand technology. High attrition in some engineering teams

    Advice to Management

    Hire better middle managers


  9. "best company in finance, not necessarily in tech"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer
    Current Employee - Senior Software Engineer
    Positive Outlook
    No opinion of CEO

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

    Pros

    - FactSet uses many different technologies. If it's out there, somebody is probably using it somewhere at FactSet, so you have opportunities to learn about what you're interested in.

    - Smart engineering coworkers. With few exceptions, the other engineers you'll work with are great engineers who can teach you something. Also if you need help with a particular technology, you can usually find a true expert at FactSet.

    - FactSet is big on "promoting from within," meaning when they have an important new role, they first look at existing employees to see who could fill that role. That translates into many more opportunities for career advancement than you would see otherwise.

    - Respectful workplace. The finance industry horror stories don't apply here.

    - Reasonable deadlines, but you will also be challenged appropriately to help you grow.

    - A stable but continually growing company. Trust me, you want to be in a company that is planning for growth, rather than one that is managing a decline.

    - Good health insurance.

    Cons

    - FactSet has done a poor job at incorporating prior acquisitions into its corporate structure. Companies acquired in 2004 still have their own engineering hierarchies completely outside of the Software Engineering vertical, with the result you might expect.

    - On that note, if you have a dependency on another team and things aren't working out, you often have no recourse. Often you will have to accept the issue indefinitely and spend engineering effort devising workarounds to other teams' issues, instead of interesting things.

    - The corporate hierarchy doesn't give enough opportunities for meaningful feedback. If they did, I would complain about the above points. It's improved a bit, i.e. we got a survey a few months ago, and they did town halls. But either there are many pain points going unmissed, OR the leadership is aware but hasn't communicated that fact.

    - Upper SoE management is pretty removed from engineering teams. They solve the "recognition" problem with an annual award for a single engineer, but it ends up feeling like favoritism.

    - The "Engineering Culture" could be improved. Outside of actual work, there isn't much exchange of interesting ideas or career education, which compares poorly to my image of Silicon Valley companies.

    - Few social events, and the ones that do exist revolve heavily around drinking, which I dislike. Also, there's no reason that social events need to be segregated across verticals (Engineering vs PD vs Consulting vs Sales) as they are now.

    Advice to Management

    Based on my Cons:
    - Integrate acquisitions more effectively, including the ones you haven't yet from way back when.
    - Look harder for pain points between teams and help solve them.
    - Help engineers understand that their work is at least noticed by the rest of the company, especially teams that work in backend.
    - Create a more vibrant engineering culture.
    - Diversify the social events, both in terms of the actual events and in terms of the participants.
    - Create better feedback mechanisms.


  10. "For an engineer out of college, FactSet is great for both short term and long term"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Norwalk, CT
    Current Employee - Senior Software Engineer in Norwalk, CT
    Recommends
    Positive Outlook

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

    Pros

    They take very good care of engineers with great benefits, paid for lunches, and the opportunities to make a difference at the company. In general, management is good and the problems to be solved are interesting. The culture is great! Performance is rewarded with very good compensation.

    Cons

    Your experience will vary greatly by department and who you happen to work with and on which team. It's the financial sector, so clients aren't the friendliest.


  11. "Depending on dept"

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

    Pros

    Health Care Benefit
    Life-Work balance
    Free Lunch
    Snacks

    Cons

    Personality based leadership
    Dept politics
    Business processes are lacking

    Advice to Management

    Don't change for the sake of change