53. FactSet Research Systems

Undergrad Internships

Internships are filled for 2008

Undergrad internships (paid and unpaid)

2008: 17 (to date)

2007: 23

2006: 12

86% of internships are paid, 14% are unpaid.

2007 interns came from the following classes...

0% Freshman

9% Sophomores

91% Juniors

0% Seniors

...and from the following majors:

22% Business

52% Computer Science

13% Economics

9% Engineering

4% Liberal Arts

0% Math

0% Science

0% Undeclared

0%

There is an official summer internship program

Average summer program: 13 weeks

Minimum: 11 weeks

Maximum: 16 weeks

Average hourly wage: $24.38

Interns are paid on a lump sum basis.

Average total intern compensation: $18,422*

52% of eligible 2007 interns received full-time job offers

26% of interns with offers accepted

Notes: Average total compensation for paid interns includes cost of corporate housing provided by the company.

Applicants & New Hires

Recruited on 54 undergrad campuses in 2007-08.
Made job offers on 44 undergrad campuses.

Applicants for entry-level jobs

2008: 93* (to date)

2007: 799*

2006: 450*

Entry-level hiring

Entry-level hiring is not complete for 2008.*

New hires in:

2008: 31 (to date)

2007: 159

2006: 106

Entry-level hires who were undergrad interns

2008: 0*% (to date)

2007: 7%

2006: NA*%

Most important characteristics for new hires:

3 Analytical Skills

1 Communication Skills

2 College Major

Applicants are not tracked until their second round interviews are conducted.

The bulk of entry-level hires begin employment between June and September. Total entry-level hiring for 2008 is expected to be ~229.

Percentage of entry-level hires who were former undergraduate interns was not tracked prior to 2007.

Interns have been hired for 2008 but will not begin full time employment until summer 2008.

2007 entry-level hires came from the following majors:

30% Business

30% Computer Science

15% Economics

10% Engineering

5% Liberal Arts

5% Math

5% Science

0% Undeclared

% Other

...and are:

4% African American

3% Hispanic American

16% Asian American

2% Other

25% Total minorities

26% Female

Salary & Benefits

Entry-level hires since Jan. 1, 2008 (to date)

Average base salary:
$65,000 to $69,999

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

0% earn $45,000 to $49,999

0% earn $50,000 to $54,999

45% earn $55,000 to $59,999

0% earn $60,000 to $64,999

0% earn $65,000 to $69,999

0% earn $70,000 to $74,999

55% earn $75,000 and above

Bonuses, Overtime & Perks

100% received signing bonuses

Average signing bonus: $5,000

0% received performance bonuses in their first year on job

Average performance bonus, 2007: NA

0% of 2007 entry-level hires eligible for overtime

100% of 2007 entry-level hires not eligible for overtime

Reimburse employees for education expenses? Yes

Do employees become eligible immediately? Yes

Maximum annual education reimbursement: $5,250

Full grad school sponsorship for jr. level employees? No

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Total paid vacation days

Maximum PTO days during first year:

Maximum PTO days after one year:

Maximum PTO days after three years:

Maximum PTO days after five years:

Maximum PTO days after 10 years:

Vacation days during first year: 15

Vacation days after one year: 16

Vacation days after three years: 18

Vacation days after five years: 20

Vacation days after 10 years: 25

Total paid holidays: 9

Paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: 5

Paid sick/personal days allowed in first year: 5

Flextime is an option for entry-level employees

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes*

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Entry-level hires are given access to a 401(K) savings plan

Max. company match as a percentage of salary: 4%

Min. employee set-aside as a percentage of salary to receive max. co. match: 4%

Are entry-level hires eligible for company funded pension? No

Are entry-level hires eligible for profit-sharing program? No*

Other Benefits

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $1,500

Reimbursements made on case by case basis

Employee Discounts on the following:

Gym memberships

Cell phone service

Insurance

Weight loss, smoking cessation

Notes: Employees can select from two health plans. Depending on the plan chosen, FactSet covers 90-100% of the premium.

Entry-level hires are immediately eligible to participate in Employee Stock Purchase Plan, where they can choose to purchase FactSet stock through payroll deductions. Employees pay only 85% of market value of the stock, based on the lower value of the opening or closing price of the quarter.

Work Environment

Average entry-level work week: 40 hours

Does average vary by business unit, department? No

Entry-level hire work locations...

0% in open work stations

100% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Typical dress code

Business Casual

Casual Friday

Casual

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Computer training

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

$8,170 average spent on training, per new hire, in 2007

How do new employees enter the program?

If not hired directly into program, when are most new hires first considered eligible?

After completion of program, what percentage of employees receive a raise?

How much is the typical raise:

There is not a formal leadership program for entry-level hires that lasts a year or more.

How do new employees enter the program?

If not hired directly into the program, when are most new hires first considered eligible?

Is program rotational?

If so, how many locations or business units does the employee spend time at?

Minimum rotations:

Maximum rotations:

Length of program, in weeks:

Minimum: weeks

Maximum: weeks

After completion, what percentage of employees receive a raise?:

How much is the typical raise:

Does company have formal mentorship program? Yes

100% of entry-level hires participate

24* days of additional training expected

Notes: Consulting and Engineering new hires participate in 4-5 week paid new-hire training, which includes industry lectures, product training, guest speakers, field trips, evening social activities, project work, and visits from senior management.

Getting Ahead

Three-year retention rate: 63%

Five-year retention rate: 75%

How are raises determined?

Performance

When are most entry-level hires eligible for their first raise?

6 months to 1 year

How are promotions determined?

Other Performance and business need

When are entry-level hires eligible for first promotion?

Other (explain below) 18 months

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

3 Customer Satisfaction

1 Productivity/Efficiency

2 Quality

Min. tenure in years required for job change: 1.5

Long-Term Prospects

Does position of vice president exist at this organization? Yes

If not, is there a comparable title?

No. of employees who hold VP or similar title: 135

No. of employees with VP or similar title with 20 years plus seniority: 4

Age of youngest employee with VP or similar title: 29

Seniority of youngest employee with VP or similar title in years: 7