FactSet reviews

3.9

83% would recommend to a friend

(5,271 total reviews)
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Phil Snow and Sanoke Viswanathan

83% approve of CEO

67% positive business outlook

FactSet has an employee rating of 3.9 out of 5 stars, based on 5,271 company reviews on Glassdoor which indicates that most employees have a good working experience there. The FactSet employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

5K reviews
3.0
Jul 6, 2016

Great Company IF you know what you're looking for

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Opportunity to interact face to face with financial professionals CFA is paid for and you can get bonuses (but you have to stay a few years until it's vested) Benefits are amazing - 3 wks vacation, good dental, vision, health Free food M-Th (or con? this is a ploy to have you stay at your desk and work through lunch) Excellent training -- you'll be sent to Norwalk or London for initial training which lasts a month, and then to accounts training a few months later which lasts for about a week; you'll get a stipend and your hotel will be paid for People -- most are nice; there are a few nasty people and office politics is inevitable, but overall a good environment with smart and friendly coleagues

Cons

Know what you're getting into--this is NOT a finance job no matter how they spin it, it's a tech support job that revolves around financial data. When I was working it was phones support all the time. My friend who still works there says that they now have instant messaging. You'll be on phones or instant messaging minimum 5, sometimes 8 hours a day for your first few months. If you get a call you're expected to figure out the solution on the fly. If you can't you'll have to get back to the client, and then go on ready for another call. As you might guess your workload just piles up more and more unless you figure out a system on your own to stop that. There's a app that monitor's everybody's time on phones, how many calls they took and other stats. You'll feel like you're being micromanaged--because it's true. If you are stressed out easily, DON'T apply here. Once you move onto accounts and have your own clients, don't expect the workload to get any easier. There can easily be 300+ clients that you're responsible for supporting. If they have a question on how to build a formula or format a graph, the burden is on you to get it done. For 90% of the time your clients are the ones who are doing the analysis, and you are the tool they'll be using to get that analysis done. Many times you will feel like you are being used by your clients. It doesn't come as a surprise that during my first few months working there 4 or 5 of my collegues who were hired around the same time as me left to pursue better opportunities. I should have left earlier, as I was looking for a true finance related job. For the first year you'll be working--a lot. They may say during the interview that there's a great work life balance, but more often than not meetings/reviews/online classes will be scheduled during your lunch hour. Lunch "hour" is more like Like "half-hour" as 4 out of 5 times you'll still be on phones. If you get a call at 12:29 it's your duty to stay on until that call is done; if that call ends at 1:00, well, you're lunchtime just got cut 30 minutes. I was easily working over 60 hours when I started, and I know some of my colleagues who were working even more, especially when their client requests piled up. As many other reviewers said, there is little room for advancement if you don't want to go into sales down the road or product development. Salary -- below industry average, with rent easily 18,000 a year where I lived, that was a third of my salary gone.

2.0
Jun 22, 2015
Recommend
CEO approval
Business Outlook

Pros

-Company has shown continued growth and solid financial performance - Great training program -Exposure to the inner workings of financial markets -Colleagues who are willing to help and are very great people -Decent benefits -Work weekends for extra days off

Cons

Take what they tell you during the interview process with a grain of salt. They sell the position as more of a role involved with the Account teams and Sales process when really you are a glorified help desk/call center employee with double the work. Client's calling in to Support desk are often rude, arrogant, and unappreciative of the great work done by the consultants here. It can get very stressful and aggravating handling 15-20 calls a day in which you are doing a lot of the work for your clients or answering mind numbingly easy questions. Management does little to inspire and motivate workers and will take any opportunity they can to criticize your work. Reactive is the best word to describe your day to day tasks as issues come up and clients call with problems. If you do not handle stress well DO NOT take this job. Promotion is done by how much time you've worked there not the quality of your work. If on paper you do not meet the length of time required fill position, you will not have a shot at moving up regardless of qualities. Mobility is very rigid and turnover is relatively high.

1.0
Sep 16, 2009
Recommend
CEO approval
Business Outlook

Pros

Free Soda though it's mostly with caffeine so you work harder. Free Lunch though it's done for you to work during lunch. You work during your 1 hr lunch break for $8/hr.

Cons

**Phil Hadley is clueless about a number of products. He only knows what he told by others. Most of the upper-mgmt just tell him what he wants to hear, hoping to keep on working till their screw ups get discovered. If he actually visited with the consultants and specialists, he would actually see what needs to be done to grow FactSet. **It's all about selling. They will hire/promote you as a consultant or specialist and tell you your job is account management. If you work on a hard product, you will then become the de-facto sales person. The sales generalist won't want to understand your product, so you will be doing cold calls rather than just building and strengthening existing clients/doing demos/trainings/support.. what you were hired for. Say you do get a lead by a cold call. Then you need to bring the generalist who has done very little. If it goes good, they get the credit. If it goes bad, you get the blame. **The company isn't good for a resume. If you put JP Morgan or Bloomberg on your resume it's gold. Putting FactSet on your resume doesn't do much. **Not many promotion opportunities. In consulting you either become a mid-level consulting mgr or a sales person and eventually a sales mgr. Only engineering really has a career path but that is mostly by nicer titles. **They will now nickle and dime you. Blackberries are being taken away. Reimbursement for internet when you need to work from home is no longer done. To get your graduate class paid for, you need to pass the CFA (3 yr + test). To take the CFA, you need to work there 2 years. So 5 yrs of working there just to get a class paid for.

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