FactSet

  www.factset.com
Work in HR? Unlock Free Profile

FactSet Reviews in Chicago, IL US

Updated Feb 14, 2014
All Employees Current Employees Only

3.6 15 reviews

100% Approve of the CEO

FactSet Chairman and CEO Philip A. Hadley

Philip A. Hadley

(8 ratings)

85% of employees recommend this company to a friend

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)

15 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    A great company to work for and grow with

    Anonymous Employee (Current Employee) Chicago, IL (US)

    ProsCompetitive 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.

    ConsAs 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.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    1 person found this helpful  

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

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

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

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

    Advice to Senior Managementmore cordial contact with associates is needed.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

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

    Software Engineer (Former Employee) Chicago, IL (US)

    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 Senior ManagementHire 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.

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good, laid back, a bit of mis-management

    Software Engineer (Current Employee) Chicago, IL (US)

    Prosfood, work, take initiative, management

    Consless interesting projects, upper management not good.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great company with great opportunities for advancement

    Consultant (Current Employee) Chicago, IL (US)

    ProsCoworkers, Good Hours, Industry Exposure, Competitive Pay

    ConsOffice Maturity, Prestige, Groupthink, Menial work at times

    Advice to Senior ManagementFactSet 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.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Great company, good people, good benefits!

    Consultant (Current Employee) Chicago, IL (US)

    ProsGreat People, good lunch and health benefits.

    ConsRoom for advancement can be limited at times.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    4 people found this helpful  

    Good, but far from great

    (Current Employee) Chicago, IL (US)

    ProsHealth 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.

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

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

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

    Assistant Vice President of Key Accounts (Current Employee) Chicago, IL (US)

    ProsOn-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

    ConsThe 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 Senior ManagementKnow our clients. Know our jobs. Ask questions.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    Unclear promotional structure

    Consultant (Former Employee) Chicago, IL (US)

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

    ConsThe 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 Senior ManagementIncrease communication about management changes and potential career paths.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Fun at first, but problems with management

    Consultant (Current Employee) Chicago, IL (US)

    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 Senior Management-Tell us what we are supposed to do!

    Yes, I would recommend this company to a friend

Worked for FactSet? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.