Bloomberg Terminal vs. FactSet

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bloomberg Terminal
Score 8.9 out of 10
N/A
Sitting on the desks of 325,000 of the world’s most influential decision makers, the Bloomberg Terminal is a modern icon of financial markets. Launched in 1981, long before PCs and the internet became ubiquitous, the Bloomberg Terminal connected market participants to data, analytics and information-delivery service.N/A
FactSet
Score 8.0 out of 10
N/A
FactSet is a provider of financial data and analytic applications for investment management and investment banking professionals.N/A
Pricing
Bloomberg TerminalFactSet
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Bloomberg TerminalFactSet
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Bloomberg TerminalFactSet
Considered Both Products
Bloomberg Terminal
Chose Bloomberg Terminal
While there are a lot of competitive services in the marketplace, each good in its own right, the Bloomberg Terminal is considered the top product. It has key fast information and can help individuals make fast decisions. It also has a top-tier support desk that can answer …
FactSet
Chose FactSet
PitchBook is better for private company data and getting contacts. It is also more useful for capital raises and data
AlphaSense is great for more targeted searches which FactSet is very bad at. FactSet often makes it hard to do searches and then once you get to a specific …
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
Bloomberg TerminalFactSet
Financial Research
Comparison of Financial Research features of Product A and Product B
Bloomberg Terminal
-
Ratings
FactSet
4.2
1 Ratings
46% below category average
Private Company Data00 Ratings1.01 Ratings
Industry-Specific Information00 Ratings3.01 Ratings
Independent Research Access00 Ratings5.01 Ratings
M&A Analysis00 Ratings6.01 Ratings
Macroeconomic News00 Ratings5.01 Ratings
Search Tools00 Ratings5.01 Ratings
Best Alternatives
Bloomberg TerminalFactSet
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
S&P Capital IQ
S&P Capital IQ
Score 8.0 out of 10
S&P Capital IQ
S&P Capital IQ
Score 8.0 out of 10
Enterprises
S&P Capital IQ
S&P Capital IQ
Score 8.0 out of 10
S&P Capital IQ
S&P Capital IQ
Score 8.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Bloomberg TerminalFactSet
Likelihood to Recommend
10.0
(1 ratings)
6.0
(5 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(1 ratings)
Usability
-
(0 ratings)
6.0
(1 ratings)
Support Rating
-
(0 ratings)
7.0
(1 ratings)
User Testimonials
Bloomberg TerminalFactSet
Likelihood to Recommend
Bloomberg
Depending on which area of the finance sector you may work in, the Bloomberg Terminal will have plenty of helpful functionality for you. Two specific scenarios for myself in the Structured Finance area are tracking the pricing benchmark and following outstanding deals in the market. You can follow progress of the deals, how well they are advancing, and final pricing details
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FactSet
Often has data where other sources would not have Well suited for large sets of data and analyses on public company data with a lot of public companies, getting the formulas to pull data is very helpful and saves a lot of time. Less appropriate for pulling investor data and co-investment data that PitchBook seems more suited
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Pros
Bloomberg
  • Communicating with investors, banks, partners, etc
  • Tracking key market metrics
  • Monitoring existing and previous structured finance deals
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FactSet
  • curating outside in intelligence
  • enabling account plans target addressable market estimation
  • competitors tracking
  • value proposition pitching
  • RFP deal support
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Cons
Bloomberg
  • Visual user interface
  • A lot of functionality, need tutorials and lessons to narrow down
  • Expensive!
  • Some information may be delayed
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FactSet
  • Faster load time
  • API integration
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Likelihood to Renew
Bloomberg
No answers on this topic
FactSet
The technical support motivates us to continue using FactSet, we will not stop using the advantages that this software offers us.
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Usability
Bloomberg
No answers on this topic
FactSet
FactSet is great because it has a plethora of data, so much so that it is often hard to even find a company that I am looking for. However, sometimes this can make it more difficult than normal because you need to sift through tons of data. The webpage often glitches out.
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Support Rating
Bloomberg
No answers on this topic
FactSet
I think the data delivery could be improved, but it's a good data set.
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Alternatives Considered
Bloomberg
While there are a lot of competitive services in the marketplace, each good in its own right, the Bloomberg Terminal is considered the top product. It has key fast information and can help individuals make fast decisions. It also has a top-tier support desk that can answer questions for you and teach you functionality to apply to your role
Read full review
FactSet
Global Data, AlphaSense, Hoovers, S&P, etc.
Read full review
Return on Investment
Bloomberg
  • Appropriate pricing of deals due to market comparisons
  • Instant communication with key stakeholders
  • Top and quick newsbreaks
Read full review
FactSet
  • improved time to complete an analysis
  • Often data is incorrect or no source provided
  • Only source we've found to support a rights plan and takeover defense analysis
Read full review
ScreenShots