FactSet Software Engineer Reviews | Glassdoor

FactSet Software Engineer Reviews

Updated October 9, 2017
223 reviews

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Software Engineer

3.6
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Phil Snow
47 Ratings

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Pros
Cons
  • Some take advantage of the work life balance (in 27 reviews)

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

More Pros and Cons

  1. "Lead Software Engineer"

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

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

    Pros

    Lunch mon-thu
    Snacks, coffee and various snacks are freely available
    Work life balance
    Good work gets rewarded
    Flexible schedule including working from home available

    Cons

    Some take advantage of the work life balance
    The company let's non performers linger to long
    Business analysts don't visit clients enough


  2. Helpful (6)

    "Great place to learn how not to write good software"

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

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

    Pros

    - Decent compensation for entry-level software engineers
    - Free lunch
    - Good work life balance, consistent 40-hour work weeks
    - Good health insurance through Aetna

    Cons

    - Incompetent middle managers who lack project management skills
    - Incredibly slow turnover for hardware and software resources requests from infrastructure teams
    - Heavily outsourcing Software Engineering jobs to Hyderabad since 2016, diminishes feeling of job security and working with them can be frustrating
    - Ratings system uses bell curve and can hurt members of consistently high-performing teams

    Advice to Management

    Use more common sense and listen to peoples' feedback, especially when it's not what you want to hear. Pretending that everything is great can only work for so long before your top performers realize that they can do better.

  3. "Nepotism"

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

    I worked at FactSet (More than a year)

    Pros

    Somewhat flexible in allowing employees to work remotely when necessary

    Cons

    If you have experience at another company, it doesn't seem to matter. You will not be considered for new roles and your prior experience is not valued. They already have the winning candidate pre-selected before the interviewing process starts.


  4. 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


  5. Helpful (2)

    "Software Engineer 3"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Norwalk, CT
    Current Employee - Software Engineer in Norwalk, CT
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    FactSet is really a good place to learn for beginner. Great advancement in terms of technical growth if you are part of team moving into web.

    Nice vacation policies and free food from Monday to Thursday

    Cons

    Immigration - It is worst for candidates who are looking for filing H1B and GreenCard. They usually do not file H1B immediately for new grads and also delay significantly in filing green card. Higher management team does not seem to be very interested as well so entire process turns out to be very slow. Whereas other companies tend to file within 2 years. This is one of the biggest reason people are leaving this company.

    Also if you are looking for big cut in your bonuses, then you are moving towards wrong company. FactSet doesn't pay well as compared to other companies in similar area.

    Advice to Management

    I would advice higher management to bring stability and consider problems faced by the people in your department.


  6. 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


  7. Helpful (11)

    "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.

  8. Helpful (11)

    "Largely depends on team"

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

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

    Pros

    * Good healthcare and free lunch 4 days a week.
    * Some teams are well run and make an effort to keep up with the latest tech.
    * Engineering management is typically loaded with engineers

    Cons

    * Pay is good for new grads, but raises wont keep up.
    * Retirement plan is sub-par for the industry.
    * Career progression for engineering is non existent.
    * Feature factory type mentality.
    * Middle management is typically incompetent and is very clique-y
    * Little responsibility and trust is given to individual contributors.
    * Upper management tries to encourage innovation, but middle management is not interest in hearing bottom up ideas, and is more focused on maintaining control, so no innovation happens
    * Major outsourcing push and upper management wonders why moral is low.

    Advice to Management

    You market yourselves as a tech company and claim to want the best and brightest, yet you treat engineering like IT at a bank. Adopt an approach closer to leading tech firms and you may actually be able to tap into existing and new talent.

    Massive outsourcing to India and Manila and then claiming you are concerned about "diversity" and corporate responsibility is nearly contradictory. This type of double speak demotivates employees who are there to make great products.


  9. Helpful (4)

    "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 (5)

    "growing and improving company"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    I've been an employee for a number of years, and things have started to improve significantly under the new management. While the company grew in sales/operations under the previous CEO, the employee experience was stagnant. The new folks are constantly asking how our processes can be better. For the first time, I feel that upper management is listening to the employees and they are earning more of my trust.

    Salaries and benefits are good, growth opportunities are pretty good (especially if you hustle), and the company is flexible. This isn't a company that asks its employees to sacrifice their entire lives to work here, which is why people will say it has good work/life balance. But if you want to work extra hard, you can increasingly find good opportunities for that.

    Cons

    Speaking as an engineer, FactSet has a good engineering culture but it's still not a destination for the absolute best and brightest engineers (to quote from the new company motto). Perhaps one piece that's missing is a research competency, to establish that FactSet produces core innovations instead of only modeling ourselves on others. Some work has actually begun on that, but it's in its infancy.

    Advice to Management

    You are asking all the right questions (except for maybe the one I mentioned in my con). I think you are earning trust, so keep it up. I don't believe you are moving excessively fast.