Good people, but deteriorating culture due to poor infrastructure and management reorganization.
Strategy Director (Current Employee) – Norwalk, CT – August 31, 2017
FactSet has some excellent people and prides itself on being a great place to work, but is going through a structural reorganization which is stressing the company and devastating employee morale. This reorganization has been going on for way too long - over a year and they are losing good people because of it. The firm's revenue model is over-exposed to the investment management industry. Revenues are suffering due to some major shifts in the asset management industry, like the evolution from active management to indexing (passive management) and lower investment fees overall. FactSet relies on older technology (workstation) and has severely limited financial instrument reference data, particularly in fixed income and OTC derivatives, as well as a virtual lack of real time markets related trading data.
free lunch Monday through Thursday
Very low employee morale, lack of investment in new technologies and reference data and shifting business priorities