How much crappier is FactSet than CapIQ?
Don't debate me on whether or not FactSet is actually worse than Cap IQ -- it is. I just want to know whether it is so much worse that I should not take a job at a firm because I'd have to use FactSet. Cap IQ has much more reliable data, though custom screening is a toss-up between the two. Cap IQ design/layout is much better too.
Here's my question: do I lose any information/functionality with FactSet or it just more difficult to quickly get the info I need on public companies?
Also curious as to how these compare to Bloomberg Professional.
This should answer your question though: http://www.wallstreetoasis.com/forums/capiq-or-factset-if-you-could-onl…
Definitely don't take the job if they use FactSet. It'll make your otherwise glorious entry-level job simply unbearable. Unemployment is certainly a far more attractive option.
I hope you are kidding. If that is even important to you when looking at prospective jobs, then you're...
Just for the record, I went with the firm with Cap IQ. Yes, it is that important.
Retarded. Financial modeling does not make you a good stock picker. In fact, the best stock pickers out there do very little modeling. Those services don't make a difference. They can both get the job done.
I took a job at a value-oriented hedge fund that averages about 10 holdings total in its portfolio; we do in-depth research on the companies we buy and believe that complicated models are usually useless.
Cap IQ is extremely useful for running through a list of 100 companies and quickly determining which ones are worth a closer look. The layout of information is a lot more convenient for this task than FactSet and makes my job a lot easier. Maybe I have an extreme aversion to Factset because I use it for different types of tasks than most people on WSO; this is quite likely as there are a ton of ibankers on this website.
More helpful, but I think capiq vs factset should be #100 on the list when considering a job.
Fair enough. Obviously it wasn't the deciding factor, but it was probably higher on the list than most would put it.
Better question:
Would you take an analyst job if they only gave you one monitor for your PC? I may be faced with this decision very soon...
(this is honestly the one thing that I'm most scared of regarding the potential opportunity. Is it even possible to do your work with one monitor?)
Buy your own and bring it in. 1 monitor would be a nightmare unless you found a way to skin the entire internet to look like Excel like someone did for Facebook a while back...
I've been in a few offices where people were working directly off laptops; I don't understand why they won't spend the money on a piece of hardware that costs less than a week of CapIQ. Buying your own could be a faux pas, but I can definitely see that being worth it. Considering the hours spent at your computer, it doesn't seem unreasonable to shell out $120 for a decent monitor(s) if you're employer is too stingy.
Exactly. Consider it this way, you're going to be working at that desk for 2 years, 50 weeks a year for approximately 80 hours a week. That is approximately 8000 hours. Spring for a nice $200 monitor and that works out at a staggering 2.5 cents an hour.
CapIQ has more accurate company data and also crashes your computer less. But FactSet has more up-to-date market data, CapIQ sucks at this. Bloomberg is king.
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