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)

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  1.  

    A great place to start a career and, if you find a direction you like, it can be a good place to built a career as well.

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

    I have been working at FactSet

    Pros

    The atmosphere is unbeatable and you truly feel like part of the team. You work one-on-one with professionals in the investment field and can get first hand experience with all aspects of the finance field. Everyone has to a positive outlook and seems to generally enjoy what they do.

    Cons

    After consulting, you have opportunity to move on to another department or into management, but if the options don't suit you, you hit a dead end as you very quickly realize you are "outgrowing" consulting.
    Also, the structure of management in consulting is such that managers aren't directly involved in the accounts you, as a consultant, work on. So they know little to nothing of the accounts beyond what you tell them. It is hard for them to understand the difficulties to face and try to help.

    Recommends
    Approves of CEO
  2.  

    Okay

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

    I have been working at FactSet

    Pros

    the salary and benefits at FactSet are most likely the key factors of making it one of the best places to work at.

    Cons

    May get stuck with a boring project

    Advice to ManagementAdvice

    Document your software (internal). There could be some standards set in place or a designated person to review and document software. This is especially important for internal software as this is heavily used to help run the company. Overall, I respect FactSet, its policies, and my current compensation.

    Recommends
    Approves of CEO
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