FactSet

  www.factset.com
  www.factset.com
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2 people found this helpful  

Best in the financial software industry

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Senior Software Engineer in New York, NY (US)
Former Employee - Senior Software Engineer in New York, NY (US)

I worked at FactSet

Pros

Benefits, work/life balance, work from home privileges (note: not all teams have this), very strong engineering culture, smart engineers and capable managers, relatively fair review system, tries to be client driven, strong onboarding plan (new hire training, mentors), innovation encouraged, company will support you resource-wise in "getting things done", relatively little bureaucracy due to PD / engineering division of labor, patience with new hires, excellent in-house managerial training, decent social atmosphere (you have to be here for a while to appreciate it).

Cons

Rigid promotion requirements hinder top performers from faster recognition (for some teams, not all), pay is average to below average for the financial software industry in NYC, in-house technology-oriented training not at the level of managerial training, an initiative needs to be developed to help PDs and engineers collaborate better (I'm serious about this), working in the financial software domain means you don't really understand the end-user (unless you are a banker or money manager), some teams have pager / on call duties, specialization means cross-team moves are less likely.

Advice to ManagementAdvice

FactSet is the best place to work in the financial software industry, despite its shortcomings. I qualify this because the industry may not have the mass appeal as some others such as consumer-facing industries or social networking companies. Nothing you can do about that. Recommendations: make the promotion structure more fluid for high-performing engineers. Pay PDs more, they deserve it. You are not a mediocre company but you pay like one; raise your average pay to be in the top 10-15 percentile in the industry. You have a ton of free cash flow, make sure you do everything you can - not only pay, but also benefits, promotions, training, and compelling work - to keep your top performers motivated and challenged.

Recommends
No opinion of CEO

474 Other Employee Reviews for FactSet (View Most Recent)

Sort: Rating Date
  1.  

    Very low Employee Morale, Good for freshers but not for experienced people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Hyderābād (India)
    Current Employee - Anonymous Employee in Hyderābād (India)

    I have been working at FactSet

    Pros

    Good Infrastructure and snacks, refreshments.

    Cons

    Very demotivating environment. Delegation is very poor. No ethics followed by some of the Managers. Attrition level is very high.

    Advice to ManagementAdvice

    Improve the leadership level..Because people do not leave companies, they leave managers.
    Provide more learning opportunities for the employees also.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    GOOD

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

    I have been working at FactSet

    Pros

    BALANCE with work and life.

    Cons

    Need to expend their domain.

    Advice to ManagementAdvice

    Nothing

    Recommends
    No opinion of CEO
There are newer employer reviews for FactSet

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