FactSet FAQ

All answers shown come directly from FactSet Reviews and are not edited or altered.

35 English questions out of 35

27 November 2018

What is health insurance like at FactSet?

Pros

Culture, dynamics, inclusion and diversity (though still has ways to go), retirement package, provident fund, insurance, 2x/year salary appraisal, 2x/year performance bonus, free drinks, lots of freebies, autonomy on most roles.

Cons

Change management - when the content/higher managers want change, they want to do it now, no if and buts about it. This is very frustrating for the people who are directly impacted by thw change they want to implement.

Advice to Management

Identify and address the pain points. It's very hard to leave a good company but when people do, it's because something changed that caused too much frustration to make it not worth staying anymore for them.

Culture, dynamics, inclusion and diversity (though still has ways to go), retirement package, provident fund, insurance, 2x/year salary appraisal, 2x/year performance bonus, free drinks, lots of freebies, autonomy on most roles.

27 November 2018

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6 December 2019

Does FactSet give time off to volunteer?

Pros

- Excellent work-life balance - Interesting and challenging work - Good opportunity for advancement. If no growth is available in the office/department you're in, you can still advance if you choose to go after internal job postings in different locations, network within the company, and/or pursue certifications. I have seen many people move from simple research analyst positions to management, sales, and other positions within the company. Some stay at their current location, others move to NYC or Norwalk. - Excellent medical benefits, even after the recent healthcare benefits cut. When reading the other reviews, keep in mind that the company still offers it's employees access to FREE health insurance (one free option and one paid option). The free option is technically a high-deductible plan, however it has the lowest deductible I have ever seen for a HDHP, with the deductible rivaling traditional healthcare plans. - Free lunch program - Access to employee stock purchase program - 401K match - Enjoyable community outreach programs and volunteer opportunities with co-workers

Cons

- Low starting salary. Low raises, even with promotions. I find that the benefits offset this, so it is not an issue for me.

- Enjoyable community outreach programs and volunteer opportunities with co-workers

6 December 2019

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26 April 2019

Does FactSet offer healthcare cash plans?

Pros

Smart People Fast paced industry Problem-solving culture Great benefits - ESPP, post-tax 401k, Dependent Care FSA etc.

Cons

Internal BI, CRM and HR systems are slow to develop No HSA available even with the high deductible plan

Advice to Management

Easy on the re-orgs - sometimes "dynamic and ever-changing" can be exhausting and distracting too.

No HSA available even with the high deductible plan

26 April 2019

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1 October 2019

Does FactSet offer housing assistance?

Pros

HQ location is ideal for employees with families as an alternative to commute to NYC. It has somewhat affordable housing market within 20 miles radius (< 1 hour rush-hour commute). It has good work/life balance without pressing deadlines, so need to consider this no-overtime when comparing benefits. Working with latest technologies and moving toward modern software architecture at a fast pace allows to make a difference and learn something new and relevant at work. Flexible schedule, allowing working from home or shifting office hours to avoid rush hour commute.

Cons

Benefits are maybe not as great as at some big name west coast IT companies, but are still pretty good, although they started shrinking (health insurance, office space, parking, etc.), as the company invests more to technology stack and more money goes to cloud service providers.

Advice to Management

Better retain top talent.

It has somewhat affordable housing market within 20 miles radius (< 1 hour rush-hour commute).

1 October 2019

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24 November 2019

What is the retirement plan like at FactSet?

Pros

The company promotes a healthy work-life balance. The hours were generally reasonable and each employee gets 20 vacation days when they start. Additionally, FactSet offers generous benefits: $8.00 contribution towards your lunch 4 days a week, solid insurance plans, immediate 401K enrollment and matching, and paternity leave. I also loved my coworkers. The firm tends to recruit people who are smart but not egotistical and driven but not overly competitive.

Cons

Broadly speaking, product management at FactSet is divided into two categories: application management and content management. I worked on the content management side, and I'm not sure that I would recommend this department to potential employees. For starters, the content management team doesn't have much of a culture. The firm doesn't offer much training in key skills for the role like SQL querying, data analysis, technical spec writing, or agile project management. Nor does the firm plan forums or events to discuss best practices for content management. Additionally, the compensation in this department is underwhelming. The baseline salaries are somewhat competitive for the industry, but the raises don't provide strong incentives to work harder. In previous years, receiving a performance rating of "outstanding" meant that you received a 3-4% raise rather than a 1-2% raise if your rating was "meets expectations". This year, I spoke with several people who received ratings of "meets expectations" and received 0% raises. The low raises would have been less disappointing if FactSet had paid annual bonuses to its content managers, but it didn't. The lack of professional development efforts and disappointing compensation lead me to recommend against working in the content management division of FactSet. However, I tended to receive positive feedback from my colleagues on the Datafeed and Analytics teams. If you would like to work for FactSet, then I would recommend that you pursue an opening in one of these departments.

Advice to Management

Overally, I think that senior management adapts well to changes in the financial data industry. It might not be feasible to improve the compensation for content managers, but at least try to foster a more cohesive culture and provide opportunities to acquire new skills.

Additionally, FactSet offers generous benefits: $8.00 contribution towards your lunch 4 days a week, solid insurance plans, immediate 401K enrollment and matching, and paternity leave.

24 November 2019

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35 English questions out of 35