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Bloomberg Terminal vs. FactSet Workstation

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Bloomberg Terminal

    Score9 out of 10
    N/ASitting 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 Workstation

    Score8.2 out of 10
    N/AThe FactSet Workstation is a dynamic platform designed to empower financial professionals with seamless data access, advanced analytics, and technology. Integrating over 800 data sources across asset classes and markets, it consolidates crucial insights and elevates decision-making. Its AI-powered tools include smart search and chat features. The workstation simplifies complex workflows, enabling users to uncover insights quickly and improve collaboration. From research and portfolio…N/A
    Pricing
    Bloomberg TerminalFactSet Workstation
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Bloomberg TerminalFactSet Workstation
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeNo setup feeRequired
    Additional Details
    More Pricing Information
    Community Pulse
    Bloomberg TerminalFactSet Workstation
    Considered Both Products
    Bloomberg
    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 …
    Incentivized
    FactSet
    Chose FactSet Workstation
    Product is magnitudes more affordable and provides 80% of the functionality that Bloomberg has and is working to build out the remaining. The workstation is more user friendly than bloomberg but still not perfect. Not as robust as a Bloomberg Terminal and doesn't have the …
    Incentivized
    Chose FactSet Workstation
    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 …
    Incentivized
    Chose FactSet Workstation
    Bloomberg has more info/data than FactSet Workstation which I pointed out earlier. To be fair, I believe Bloomberg is more expensive.

    Refinitiv - I have used Thomson Reuters Eikon in the past and I did not like the inflexible interface, FactSet Workstation is much more …
    Incentivized
    Chose FactSet Workstation
    As mentioned, believe it is a much stronger offering that CapIQ. Bloomberg is a better tool for credit and the messaging features, but cost prohibitive. We found that for research tasks FactSet Workstation is more than a good enough option, although we do supplement with a …
    Incentivized
    Chose FactSet Workstation
    Bloomberg has the most data / content but is too expensive, while Eikon has the least. FactSet Workstation and Capital IQ were comparable in price but FactSet Workstation had broader data coverage.
    Incentivized
    Chose FactSet Workstation
    Bloomberg was very difficult to use, DOS like
    Incentivized
    Chose FactSet Workstation
    Bloomberg does a much better job at alerts and proprietary news coverage. Charting is also much more intuitive with Bloomberg. It's also very easy to trade directly through Bloomberg instead of using an OMS. FactSet's pricing is more competitive than Bloomberg and FactSet is …
    Incentivized
    Key User Insights
    Would buy again
    No answers on this topic
    No answers on this topic
    Delivers good value for the price
    No answers on this topic
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    Features
    Bloomberg TerminalFactSet Workstation
    Financial Research
    Comparison of Financial Research features of Bloomberg Terminal and FactSet Workstation
    Feature
    Bloomberg Terminal
    -
    Ratings
    FactSet Workstation
    4.2
    1 Ratings
    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
    User Ratings
    Bloomberg TerminalFactSet Workstation
    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)