FactSet Reviews in Chicago, IL

455 Reviews
3.8
455 Reviews
Rating Trends

Recommend to a friend
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FactSet Chairman and CEO Philip A. Hadley
Philip A. Hadley
331 Ratings

Review Highlights

Pros
  • Perfect work-life balance for example you will get mentor when you are on boarding (in 66 reviews)

  • very good work life balance; nice coworkers; no pushing; soft deadline; free lunch (in 97 reviews)


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

  • No career path defined and joining diffeent teams is riven with red tape (in 9 reviews)

More Highlights

15 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    A great company to work for and grow with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL (US)
    Current Employee - Anonymous Employee in Chicago, IL (US)

    I have been working at FactSet full-time for more than 8 years

    Pros

    Competitive salary. EXCELLENT benefits package. Very accommodating hours (when appropriate). Many very skilled, intelligent and pleasant co-workers. Heavy emphasis on training and development; if you don't have a skill, but you wish to develop it, you can find resources at FactSet. If you are good at what you do you will succeed here.

    Cons

    As with any software company, we are often asked to fulfill certain tasks without being given the proper bandwidth and time to complete them at an acceptable level. For instance, while it's nice for developers to be able to take their computers home, the fact is that the laptops given to developers often strain at having developer environments for multiple languages, the compiled versions of our product, Outlook, and two instances of Excel open at once (this is not an unusual combination of programs that need to be open at a given time). Also, there is often a tendency to break away from the stated op plan and go chasing after relatively minor accomplishments. This doesn't strike me as happening much more than it would at another company, though.

    Recommends
    Positive Outlook
  2. 1 person found this helpful  

    No place to make money. The carrot is $65 an hour. The reality is its less than minimum wage.

    Former Employee - Associate Editor  in  Chicago, IL (US)
    Former Employee - Associate Editor in Chicago, IL (US)

    I worked at FactSet part-time for less than a year

    Pros

    work at home, part time. It is a publicly held company

    Cons

    their schedule requires one to wait for an upcoming report. Lots of waiting,down time.

    Advice to ManagementAdvice

    more cordial contact with associates is needed.

    Doesn't Recommend
  3. 3 people found this helpful  

    OK company, but much of success has been due to lack of good competition.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer  in  Chicago, IL (US)
    Former Employee - Software Engineer in Chicago, IL (US)

    I worked at FactSet full-time for more than 3 years

    Pros

    (1) Good view from window.
    (2) Work is interesting.
    (3) Internal IT staff is excellent.
    (4) OK place for a recent grad to get started.

    Cons

    (1) Training classes (of mostly kids out of college) promotes a very cliquey environment. If you were not on a track that went through this training, you felt left out.
    (2) Seems like more than half of ones time was preparing for meetings, attending meetings and scheduling follow up meetings. Meetings are such a part of the culture that there is much attention given to 'Facilitators' whose job it is to keep the meetings moving. It's great that they're there, but scary that they're needed.
    (3) Annual reviews use a '360 Review Process' . It's great that the opinions of one's peers are included, but it seems to be at the expense of one's accomplishments. Peers are invariably biased; too often petty differences are aired. There is SO much pressure not to rock the boat.

    Advice to ManagementAdvice

    Hire some senior management from outside the company. There are layers and layers of middle management that should be cleared out but the existing home-grown executives seem reluctant to clean house.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Great company with great opportunities for advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant  in  Chicago, IL (US)
    Current Employee - Consultant in Chicago, IL (US)

    I have been working at FactSet full-time for more than a year

    Pros

    Coworkers, Good Hours, Industry Exposure, Competitive Pay

    Cons

    Office Maturity, Prestige, Groupthink, Menial work at times

    Advice to ManagementAdvice

    FactSet is in a great position to take market share from their competitors. At a certain point however, engineers and product development need to focus speed and stability over bell and whistles.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Good, laid back, a bit of mis-management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer  in  Chicago, IL (US)
    Current Employee - Software Engineer in Chicago, IL (US)

    I have been working at FactSet full-time for less than a year

    Pros

    food, work, take initiative, management

    Cons

    less interesting projects, upper management not good.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Great company, good people, good benefits!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant  in  Chicago, IL (US)
    Current Employee - Consultant in Chicago, IL (US)

    I have been working at FactSet full-time for more than a year

    Pros

    Great People, good lunch and health benefits.

    Cons

    Room for advancement can be limited at times.

  8. 4 people found this helpful  

    Good, but far from great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL (US)
    Current Employee - Anonymous Employee in Chicago, IL (US)

    I have been working at FactSet full-time for more than 5 years

    Pros

    Health insurance is outstanding, free lunch (~$8) monday - thursday, decent pay although a bit low. I would only recomend this place to a friend because of the health insurance.

    Cons

    Almost no vertical movement available, severe micro-management by director-level people, annual review system makes no sense at all and almost everyone hates it with a passion yet HR will not change it, no path for complaints without real fear of retaliation and backlash. Also, FactSet does NOT PAY the FEDERALLY MANDATED reimbursement for 24-hour on-call rotations.

    Advice to ManagementAdvice

    Read federal and state labor laws. Provide more opportunity for current employees or watch them go elsewhere.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Great place to launch a career, but long term opportunities here are questionable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President of Key Accounts  in  Chicago, IL (US)
    Current Employee - Assistant Vice President of Key Accounts in Chicago, IL (US)

    I have been working at FactSet

    Pros

    On-site exposure to investment management professionals, opportunity to build network of relationships in buyside space, access to resources to learn about finance and financial markets, great training for new employees, benefits are exceptional

    Cons

    The promotion system is a mystery. At times it seems someone reaches into a bag and draws a name to decide who gets promoted. Some Consultants move up after a year, whereas some have been Consultants for more than three years. Seemingly no pattern to this. Also, a Consultant's skill set surpasses that of management in terms of ability to support clients very quickly. At that point if you don't have a clear vision of where your career is going, and make that known, you will be stuck in one place. You have to be extremely self-motivated to establish a long term career here.

    Advice to ManagementAdvice

    Know our clients. Know our jobs. Ask questions.

    Recommends
    Approves of CEO
  10. 3 people found this helpful  

    Unclear promotional structure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Consultant  in  Chicago, IL (US)
    Former Employee - Consultant in Chicago, IL (US)

    I worked at FactSet

    Pros

    Great benefits, young work environment, good life/work ratio.

    Cons

    The corporate structure needs to be overhauled to provide more opportunities for consultants to progress within the company. As it stands now, consultants are pigeon holed with current accounts and receive promotions by being in the right place at the right time. There is very little communication from management about future opportunities or professional coaching to retain top performing employees.

    Advice to ManagementAdvice

    Increase communication about management changes and potential career paths.

    No opinion of CEO
  11. 2 people found this helpful  

    Fun at first, but problems with management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Consultant  in  Chicago, IL (US)
    Current Employee - Consultant in Chicago, IL (US)

    I have been working at FactSet

    Pros

    -Young, fun employees
    -Decent pay, especially out of college
    -Oppotunity for promotion

    Cons

    -Review system designed to discourage confidence
    -Severe lack of communication between consultants and management

    Advice to ManagementAdvice

    -Tell us what we are supposed to do!

    Recommends
    Approves of CEO

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