482 Employee Reviews (View Most Recent)

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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

Other Reviews for FactSet

  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. 2 people found this helpful  

    Great opportunities for hard workers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Software Engineer  in  City of London, England (UK)
    Current Employee - Senior Software Engineer in City of London, England (UK)

    I have been working at FactSet

    Pros

    Financial rewards are very good indeed when compared with other software companies in London and the rest of the UK, particularly the starting salary. Other benefits are also great, there is a good pension scheme and free lunch, snacks, fruit and drinks are provided every day.

    There are lots of opportunities for growth in both technical knowledge and career (such as management roles) for those who perform well (I was able to achieve a senior role and management position within a few years thanks to high performance). Employees are encouraged to take on projects outside of their immediate responsibilities in order to help them grow, which also brings some interesting variation to the job.

    The environment is definitely engineering focussed and very relaxed, senior managers chat and have lunch with new recruits. There are regular social events that are fully paid for by the company, things like go-karting, bowling, etc, which are great fun and many people regularly socialise together after work too. This kind of environment has been very hard to find in software enginering jobs in London in my past experience.

    Cons

    Pay is not as good as the banks (although it is close), this is a software company, if you want to work all hours of the day and be rewarded with a huge pay cheque then go to a bank. FactSet makes up for this by being focussed on engineering and encouraging a good work / life balance.

    The company can be a little slow in identifying poor performers and acting on this, which can seem unfair if you are doing very well.

    Advice to ManagementAdvice

    Really, the main thing FactSet needs to do is to get its name out to potential employees. Most people I speak to have never heard of FactSet and this puts them off joining when they have an opportunity at a better known company. Overall, I think they would probably be better off at FactSet and the company needs to do more to stop this being a factor.

    Recommends
    Approves of CEO
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