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1 person found this helpful  

Great place to start a career but the greatness doesn't last

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

I have been working at FactSet

Pros

work life balance, free lunch, free snacks and drinks, surrounded by very intelligent and friendly coworkers, good health coverage, stock purchase program, low stress work environment

Cons

employee morale is falling, attrition is rising, bureaucracy prevents rapid innovation from happening, key talent is getting ready to leave while the company worries more about recruiting than employee development and retention, little motivation to go above and beyond

Advice to ManagementAdvice

Some recent policies intended to control operating costs have caused resentment, jealousy, and infighting between groups. Senior management is widely perceived as being out of touch with lower level employees.

No opinion of CEO

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  1. 1 person found this helpful  

    Honeymoon period will not last long...

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

    I have been working at FactSet

    Pros

    good work-life balance
    stress free Job
    free lunch Monday-Thursday
    full health benefits
    401-K match and stock plan
    lot's of responsibility only months into the job
    excellent exposure to clients

    Cons

    - Compensation and promotion policies here are a mystery
    - If you ask questions, you will hear the same generic answer from all levels of management over and over again
    - Pay is sub-par, with no performance bonus and small raises
    - You will not be rewarded for working hard
    - Has become more bureaucratic in past couple of years

    Advice to ManagementAdvice

    Work on employee development rather than recruiting. Pay employees competitive salaries or bonuses and quality of the product will increase

    Doesn't Recommend
    Disapproves of CEO
  2.  

    As a college hire my experience was good but not great, a good job but not a great one.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Software Engineer in Norwalk, CT (US)
    Current Employee - Software Engineer in Norwalk, CT (US)

    I have been working at FactSet

    Pros

    The benefits are above average, and the work life balance is extremely gracious, especially for a job in the financial sector. Compensation is fair, given what is asked of the engineers, and the culture is extremely favorable.

    Cons

    Compensation is also a con, because it could be much higher. It's important to keep in mind though that Factset doesn't ask too much of their engineers so paying them top dollar would be silly. There's a lot of turnover in upper managment in the software department and it feels like most people view Factset as a stepping stone instead of a career.

    Advice to ManagementAdvice

    More emphasis on creating a culture that excels at giving feedback, trust your employees and treat them accordingly. Find EFFECTIVE ways to make Factset a place people want to wake up everyday and work at, not one they put up with because the lifestyle is good

    No opinion of CEO
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