Cracking the FactSet Interview: A Comprehensive Guide

Are you aspiring to join the ranks of FactSet, a leading provider of financial data and software solutions? Preparing for their interviews can be a daunting task, but fear not! In this comprehensive guide, we’ll equip you with the knowledge and strategies to ace the FactSet interview process.

Understanding the FactSet Interview Process

Before we dive into the specific questions, let’s understand the typical interview stages at FactSet:

1. Online Application: Submit your application, including your CV and a cover letter highlighting your motivation for working at FactSet.
2. Telephone Interview: Expect a 15-45 minute call assessing your core competencies, motivations, and industry knowledge.
3. 1st Round Assessment:
   • Numerical Test
   • Excel Test
   • Financial Markets Test
   • HR Interview
4. 2nd Round Assessment:
   • Microteach Presentation (10 minutes)
   • Group Exercise
   • Panel Interview

Now, let’s explore some of the common questions you may encounter during the FactSet interview process.

Telephone Interview Questions

During the telephone interview, you can expect questions related to your background, motivations, and knowledge of FactSet and the industry. Here are some examples:

• Why are you interested in consulting?
• Why FactSet? Why this specific role?
• What skills are necessary for this role?
• Why did you choose your degree program?
• Who are FactSet’s competitors, and what sets them apart?
• Describe a time when you worked effectively in a team.
• Explain a situation where you demonstrated excellent communication skills.
• What is the difference between investment banking and investment management?
• What types of clients does FactSet cater to?

1st Round Assessment Questions

The 1st round assessment consists of three tests (numerical, Excel, and financial markets) and an HR interview. Here are some sample questions you may encounter:

Numerical Test

• Calculate percentages, ratios, fractions, and other basic mathematical concepts.
• Solve logic problems involving algebra and numbers.

Excel Test

• Perform various operations in Microsoft Excel, such as filtering, formatting, and using functions like VLOOKUP, IF statements, and chart plotting.

Financial Markets Test

• Demonstrate knowledge of financial concepts like P/L sheets, PER, EPS, and market capitalization.
• Calculate net income per share based on provided information.
• Answer questions related to stock exchanges, bonds, shares, indexes, and investment returns.

HR Interview

• Discuss your hobbies and interests.
• Share your thoughts on recent financial news.
• Explain your experience and skills relevant to the role.
• Describe your understanding of client service and provide examples.
• Demonstrate knowledge of FactSet’s products and services.
• Explain how you would handle conflicting client requests.

2nd Round Assessment Questions

The final round of assessments includes a Microteach presentation, a group exercise, and a panel interview. Here are some potential scenarios:

Microteach Presentation

• Prepare a 10-minute presentation on a topic of your choice, simulating a consulting scenario where you teach a concept effectively to a group.

Group Exercise

• Participate in a group activity designed to assess your teamwork, communication, and problem-solving skills.

Panel Interview

• Discuss your performance during the Microteach presentation and group exercise.
• Showcase your knowledge of FactSet and the financial industry.
• Demonstrate your ability to think critically and provide insightful solutions to hypothetical scenarios.

Tips for Acing the FactSet Interview

1. Research FactSet Thoroughly: Study the company’s history, products, services, and competitors. Follow their stock prices, news, and updates to demonstrate your genuine interest.

2. Practice Your Quantitative Skills: Brush up on your numerical reasoning, Excel proficiency, and financial knowledge. Utilize online resources or practice tests to improve your abilities.

3. Develop Strong Communication Skills: FactSet values effective communication and client service. Practice your presentation skills, active listening, and ability to explain complex concepts clearly.

4. Highlight Your Teamwork and Problem-Solving Abilities: Be prepared to share examples of successful team collaboration and problem-solving experiences from your academic or professional background.

5. Stay Calm and Confident: Maintain a positive and professional demeanor throughout the interview process. Showcase your enthusiasm for the role and the company.

6. Prepare Insightful Questions: Have thoughtful questions ready to ask your interviewers, demonstrating your interest and curiosity about FactSet and the role.

Remember, preparation is key to success in any interview. By familiarizing yourself with the FactSet interview process and practicing your responses, you’ll increase your chances of landing your dream job at this prestigious financial technology firm.

Good luck!