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FactSet Reviews

Updated 27 July 2015
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3.6
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Recommend to a friend
Approve of CEO
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Phil Snow
380 Ratings

Pros
  • Work life balance in the company (in 81 reviews)

  • Free lunch 4/5 days a week (almost free stipend in (in 105 reviews)

Cons
  • The company seems to balance out the work/life balance very well (in 11 reviews)

  • No career path unless sales, Motherly management unable to face tough problems head on (in 10 reviews)

More Pros and Cons

580 Employee Reviews

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  1. Good work life balance-

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in London, England
    Current Employee - Consultant in London, England

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

    Pros

    very good life balance

    Cons

    limited diversity of positions


  2. Young atmosphere, but quick turnaround

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in London, England
    Current Employee - Consultant in London, England

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

    Recommends
    Recommends

    Pros

    Young workforce, relatively flat organization, allows for you to take responsibility and get a wide understanding of the financial industry. Good benefits

    Cons

    High turnaround due to relatively low salaries, differentiation of salaries between high performers and low performers is small, difficult to advance after initial 3 years

    Advice to Management

    Work harder to keep the most competent and knowledgable people within the organization. Don't hesitate to get rid of people that doesn't contribute


  3. Helpful (1)

    Stepping stone

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in London, England
    Former Employee - Consultant in London, England

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great place to start your career after university. You are given a lot of responsibility and exposure to the finance industry early on. Career progression can be quite quick if you are serious. Very young work force which adds to the fun atmosphere in the office. Work life balance is also very good. Starting salary very high compared to others within the same industry.

    Cons

    Though you are given the title of consultant, this job can feel more like glorified IT support. Though you are given a lot of exposure to the finance industry, you are only involved with a very small part. Though the starting salary is very high and you are reviewed every 6 months, there are no pay jumps if you end up receiving a promotion. If you are ambitious, you better be interested in a career in sales. If not, this job can feel like a dead end.


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  5. Content Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Content Manager in London, England
    Current Employee - Content Manager in London, England

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Flexible working hours Good health benefit Free lunch

    Cons

    Limited career advancement opportunities Little or no bonus


  6. good enough to start your career at

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Former Employee - Anonymous Employee in London, England

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    -it offers good benefits -there is a flat structure -people are very friendly and intellectually sharp -easy to make an immediate impact

    Cons

    -it sometimes may require long working hours -your learning curve starts to decrease after a couple of years -bad location


  7. perfect place to start with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in London, England
    Current Employee - Software Engineer in London, England

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    flexible working hours, friendly team, free lunch four days a week, health insurance, etc

    Cons

    legacy code with lots of dependencies that you can't just delete and rewrite. but things are changing bit by bit.

    Advice to Management

    let people know more about each team before rushing into team allocation


  8. Helpful (7)

    Good at first - beware of the long-term

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in London, England
    Current Employee - Software Engineer in London, England

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Pay: The pay, at first, when I joined FactSet was generous as a graduate. People: The people on your level are the ones that make FactSet a great place to work. I can honestly say that in the time I have had here, it has been an excellent experience and I have never had tension with any of my co-workers. Many of whom, have become friends. Environment: As a Software Engineer you are not client facing so are able to feel comfortable in your working environment to get coding done. People are able to talk to one another and share ideas and have general discussions. Technologies: FactSet, fundamentally built a lot of the tools creating in-house propriety technologies, however that is slowly changing and transitional tools and skills are being brought into the company. Career: If you wish to have job security and a guarantee that you will be rewarded for loyalty - FactSet is ideal. Those who have been at the company a long time and moved into management are rather happy with their roles. I am unable to predict the future, but modern technologies are now being introduced to FactSet which may mean newer engineers have better opportunities.

    Cons

    Pay: After realisation of the competitiveness in other companies, I realised pay here is definitely not matching software companies in London. As years went by, I realised that people in other companies were receiving bonuses and also larger pay rises which made me sceptical of the salaries here for Software Engineers. Alongside that fact, in company wide meetings we were all told that Sales would receive a "Chairman's Club", which meant they would have luxurious settings in Europe, US etc for meetings when they met their targets - meaning Software Engineers were angered and frustrated by this. People: Regarding the management, it seems managers are not assessed, they are given the role of manager when they have been here for some time rather than actually accessing their skills. I think a real interview process is necessary when deciding who should become a manager - not word of mouth or "You have been here some time and proven you're a good Software Engineer", leading code and people are two different things. Environment: The company promotes a start-up culture but that is beginning to fade as policies are being put in place that is beginning to remove this kind of culture. Technologies: As a Software Engineer that had been in the company for many years, newer, transitional, technologies are now being brought into the company which I do not have much experience with - meaning when looking for new career choices in Software Engineering they are limited due to the older legacy technologies where most of the time was spent when coding. Career: Motivation is key, unless you are self-motivated, work can become mundane. At times exciting projects arise but if you demonstrate that you are a trustworthy employee, the company will rely on you to do tasks that are irrelevant to your personal goals and achievements you wish to reach.

    Advice to Management

    Assess Management - Interview processes are necessary when choosing potential managers. CFA certification is relevant to consultants - Look at giving Software Engineers specific certifications for the technologies they work with; recognition. See problems, solve them. Some deep-laying issues go unrecognised until the problem becomes too large to deal with. Try to see this and keep in touch with employees. Keep your word. When informing employees of opportunities they will receive and be able to excel in, ensure that it surfaces and doesn't fade due to external factors.


  9. Good Young Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Management Consultant
    Current Employee - Investment Management Consultant

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    - Responsibility to get on with your own work - Smart young workforce with strong teamwork - Opportunities to travel to work with clients - Very good place to start a career

    Cons

    - The young culture can sometimes be too relaxed - No bonus comp scheme for Consultants - Sometimes people recognised for the wrong things - Unclear about the long term prospects after you get to Institutional Sales level


  10. A great company to start your career with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    It's fairly easy to get a job at FDS Free lunch Great life/work balance

    Cons

    long working hours (8:30-5:30) Factset does not tend employ experienced individuals, entry level positions only

    Advice to Management

    consider employing more experienced people, consider using employment agencies to get better candidates


  11. Corporate environment with a startup-like feeling

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in London, England
    Former Employee - Software Engineer in London, England

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Lots of freedom. Free lunch, coffee, snacks and drinks. Social events. Good work environment.

    Cons

    Lots of proprietary, non-free software make it a challenge for newcomers. Lots of old, dated, proprietary code that's difficult to maintain.

    Advice to Management

    Rethink the technologies and libraries being used on the technical side, specially in some teams.



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