Bloomberg L.P.

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Bloomberg L.P. Reviews in New York City, NY

Updated February 19, 2015
Updated February 19, 2015
70 Reviews
1.0
70 Reviews
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Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
70 Ratings

Review Highlights

Pros
  • great work life balance - like being in school though (in at 8 on the dot and out at 6) (in 69 reviews)

  • When free food is the bigger pro you can think of, there isn't much to like about (in 173 reviews)


Cons
  • Poor work-life balance; Peter Principle in effect company-wide; generally chaotic (in 34 reviews)

  • Long hours, for a account manager to work 8-6 plus travel, this is rather demanding (in 75 reviews)

More Highlights

70 Employee Reviews Back to all Reviews

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  1. 1 person found this helpful  

    Over worked, underpaid, incredibly under valued

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Global Technical Support in New York, NY
    Former Employee - Global Technical Support in New York, NY

    I worked at Bloomberg L.P. full-time (more than a year)

    Pros

    Great benefits, fair amount of vacation days, job security

    Cons

    I'll explain all these below

    • nearly impossible to take a vacation day
    • terrible upper management
    • the job itself is just absolutely terrible
    • treated like the garbage dump of problems within the company
    • you have to dress up for literally no reason
    • force you to work weekends and holidays with little incentives
    • very hard to move onto another job role in the company

    1. Impossible to take a vacation day:
    The department only allows 4 people to have scheduled time off on a given day. This means you need to schedule time off way too far in advance (like over a month) for a single day off. I had to take random Tuesdays, Wednesdays, and Thursdays off throughout the year just to use my vacation days

    2. Terrible upper management:
    Your boss's boss has favorites and those are the people who get promoted to other positions. In addition to that, I honestly can't remember a single meaningful conversation I had with him in. The 2.5 years I was there.

    3. The job is terrible
    I will summarize your job here: You sit at your desk for 8 hours taking calls about broken keyboards, bad internet, and problems you can't fix because the Bloomberg application was written in the 80s and still behaves that way. You get little to no help from resources within the company regarding this problems. In addition to all that, you also get chats from Bloomberg users regarding their problems. All of this happens simultaneously so you basically get no break.

    4.Treated like the garbage dump:
    Everyone's technical problems that no one can figure out goes to GTEC and there's no hope of solving them because 9 timed out of 10 it's for another department. You can't send the ticket back to them because you'll get QAed poorly and it effects your performance review

    5. You have to dress up for no reason
    We don't see any outside clients EVER. We don't work in the main office where they do Bloomberg news, so I don't understand the reason to dress up.

    6. Working weekends
    You are forced to work weekends. You don't get overtime (which I believe is against the law). They give you a free day off. The weekends are just as bad as the weekdays expect worse because you have to work 10-7

    7. Very hard to move within the company
    Because all you'll know how to do is fix the Bloomberg application its very hard to move to a different role in the company (and outside the company too). I looked for over 6 months and couldn't find anything. All the jobs that get posted seem to already have someone lined up to take it.

    Advice to ManagementAdvice

    Get with the times, have some leeway, make work fun, show some interest in your employees

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Stifling atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Analyst in Skillman, NJ
    Former Employee - Data Analyst in Skillman, NJ

    I worked at Bloomberg L.P. full-time (less than a year)

    Pros

    The free lunch and the vacation/sick time is really all i can say positively.

    Cons

    Horrible management. The work so incredibly mundane, a college degree is not necessary to do the work required. Its a data monkey role and there is absolutely no room for vertical advancement.

    Advice to ManagementAdvice

    Put competent people in leadership roles

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    no career growth there

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Development Engineer in New York, NY
    Former Employee - Software Development Engineer in New York, NY

    I worked at Bloomberg L.P. full-time (more than a year)

    Pros

    good salary for new graduates

    Cons

    no career growth, every team working on 2 -3 functions, people's knowledge of finance is limited in small area, so it will be very hard to get job from other finance company like investment bank, hedge fund if you stay in Bloomberg for too long time.
    The tech Bloomberg use is very old, it's extremely difficult to find a job in high tech company if you stay in Bloomberg for more than 3 years.

    Advice to ManagementAdvice

    less politic battles focus on product development.
    Hire people who can coding not those who know talking more than coding.

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  5. 8 people found this helpful  

    Good company if you work just need a VISA sponsorship. But otherwise a horrible place to be for a software developer.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Developer in New York, NY
    Current Employee - Senior Software Developer in New York, NY

    I have been working at Bloomberg L.P. full-time (more than 5 years)

    Pros

    free snacks. company can apply for a green card for you, that's what most H2B VISA employees are here for.
    every year we have summer picnic in randall's island. The food quality in this one a year event is no where as good as google NYC office's food.

    Cons

    Be assured that you won't be doing anything advanced in terms of programming. They focus on pushing out the product ASAP. Now customers thinks, wow that's fast.
    Then, when something breaks(because of poor design, no unit test, they hire people who doesn't know how to write proper OOP code etc. etc.) then we apply quick hacky fix. Then client thinks, wow, what a customer service!

    This is basically why they're NOT changing, there's no business reason to change.

    If you are a good programmer, you will find better paying company and better environment to learn.

    Now they are having trouble hiring people, they even changed the policy regarding hiring past employees. (It used to be if you quit, you can never come back.) Also, it used to be that you have to pass 80% grade in their training class upon hiring, otherwise you get fired. Now.. there's no such thing, because they can't afford to lose more people. The standard has definitely gone down.

    I would definitely not recommend this company to my programmer friends. I know at least 5 people who are actively preparing for job interviews. These are the better programmers in R&D as well.
    I also know many people are there just waiting for the green card, once they get, it, they say they'll get out of here ASAP.

    I should not have chosen Bloomberg the first place, I regret it.
    Their HR response was the fastest among the companies I applied to, that was the only reason I chose it because it was the first offer I got. I rejected subsequent (at least better in terms of pay) offers from other companies all because I already accepted the offer from Bloomberg.
    Time you interviews right, don't make the same mistake!

    I only stayed as long as I have because my green card is almost here. I will quit the day I get it. Too many better opportunities out there. There's more to life than trivial DRQS's.

    Advice to ManagementAdvice

    please stop misleading interviewees, tell them the truth upfront. They will quit anyways after finding out how this is a business oriented company, not an IT firm by any stretch of imagination.
    Also, if you look at this statistic: attrition rate of the employees who go the highest annual review VS. attrition rate of the employees in general, I bet you will find that the high perform employees tend to quit after a few year. I've seen so many such cases.

    Doesn't Recommend
    Disapproves of CEO
  6. 4 people found this helpful  

    Overworked and Underpaid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Executive in New York, NY
    Current Employee - Sales Executive in New York, NY

    I have been working at Bloomberg L.P. full-time (more than 5 years)

    Pros

    Some free food in kitchen pantry. Exciting vibe on the main 6th floor. There is always something new going on, including client events.

    Cons

    Bad managers. Systems are redundant so that you are required to input same information over and over into different places. Management is focused on trivial things instead of important things like revenue, happy clients, etc. Management is incapable of managing different personalities and expects everybody to conform to their perceived Bloomberg mold. They make sure to underpay and overwork employees.

    Advice to ManagementAdvice

    Learn to manage different personalities that can contribute ideas. Learn to respect your employees. Practice what you preach in ethics. Focus on things that are important in business and set reasonable goals for your employees instead of unattainable ones.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 8 people found this helpful  

    Run Away

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Senior User Experience Designer in New York, NY
    Former Contractor - Senior User Experience Designer in New York, NY

    I worked at Bloomberg L.P. as a contractor (less than a year)

    Pros

    High pay, free food. That's about it. The building is nice but this is very trivial. There may be a chance you get a better manager than I did but I doubt that will make a difference.

    Cons

    They will own your soul, simply put. Free food, but that's just to keep you in the office. Thinking of snacking all day? Wrong. They placed very small bathrooms on each floor so there will always be a line around 1 - 2pm so don't over-snack. The floors are the size of football fields yet there is only one entrance/exit so they can monitor traffic closely. Will be a hike if you sit far away from this exit but again, everything designed to keep you working. All the desks are lined up nicely in straight row after row after row. And these are very small desks just enough for the computer. Replace those computers with sewing machines and what do you get? Exactly. When you scan your id in and out, those times get recorded on the computer which can be viewed easily by your manager just by pulling your profile. Punch cards for white collar workers basically. And everyone wears this id around their neck, it's required. I actually asked for a headband so I can wear it on my head but the security guy was not amused. Basically, no one would be here because they have no sense of humor. I did not work long enough here to uncover that everyone here are really cyborgs. I come in a 9am and was asked to come in earlier. I left at 6pm and they say nobody leaves here until 7pm. The pay was great but my weekdays consist of going to work, going to bed then repeat.

    Advice to ManagementAdvice

    Employees are people, too.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Run Away

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Senior User Experience Consultant in New York, NY
    Former Contractor - Senior User Experience Consultant in New York, NY

    I worked at Bloomberg L.P. as a contractor (less than a year)

    Pros

    High pay, free food. That's about it. The building is nice but this is very trivial. There may be a chance you get a better manager than I did but I doubt that will make a difference.

    Cons

    They will own your soul, simply put. Free food, but that's just to keep you in the office. Thinking of snacking all day? Wrong. They placed very small bathrooms on each floor so there will always be a line around 1 - 2pm so don't over-snack. The floors are the size of football fields yet there is only one entrance/exit so they can monitor traffic closely. Will be a hike if you sit far away from this exit but again, everything designed to keep you working. All the desks are lined up nicely in straight row after row after row. And these are very small desks just enough for the computer. Replace those computers with sewing machines and what do you get? Exactly. When you scan your id in and out, those times get recorded on the computer which can be viewed easily by your manager just by pulling your profile. Punch cards for white collar workers basically. And everyone wears this id around their neck, it's required. I actually asked for a headband so I can wear it on my head but the security guy was not amused. Basically, no one would be here because they have no sense of humor. I did not work long enough here to uncover that everyone here are really cyborgs. I come in a 9am and was asked to come in earlier. I left at 6pm and they say nobody leaves here until 7pm. The pay was great but my weekdays consist of going to work, going to bed then repeat. I thought about suicide but decided quitting was easier.

    Advice to ManagementAdvice

    Employees are people, too

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. 7 people found this helpful  

    Worst Mistake of my Career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Developer in New York, NY
    Former Employee - Senior Developer in New York, NY

    I worked at Bloomberg L.P. full-time (more than 3 years)

    Pros

    Stability, prestige, it's a "nice" place to work. You get free snacks and coffee.

    Cons

    Endless streams of soul-destroyingly tedious work. Work that could easily be automated if the proprietary systems you'll have to rely on didn't... I guess the only way to say it is completely suck. Almost nothing you'll learn will apply in any other environment. The platforms and practices are so eclectic to Bloomberg that if you try and take them anywhere else, you're not going to know what you're doing.

    Things like career development, ideas like advancement simply don't exist there. You will be dumped into a massive pool of coders and basically just bang away at a keyboard until one day, you die. I weep for the torrents of inbound kids, fresh from school, looking to start a career and what they have in store for them.

    Bloomberg, the world is bigger than you. There are ways of doing things so foreign, so superior to yours that surely they appear to be some form of dark magic, and I understand your fear but if you push through it a little bit, you might be capable of amazing things.

    I quit, good luck.

    Advice to ManagementAdvice

    There is no management.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 7 people found this helpful  

    False Hope

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Legal Analyst in Skillman, NJ
    Former Employee - Legal Analyst in Skillman, NJ

    I worked at Bloomberg L.P. full-time (more than 3 years)

    Pros

    Seemingly great opportunities - not on the legal (product & data) side. Financial side poses much better chances for long-term growth.

    Cons

    Limited growth potential. Team Leaders & Mangers do very little to encourage individual growth. Far too great an emphasis on individual metrics, rather than long-term growth with company.

    Advice to ManagementAdvice

    Treat people better and they will respond accordingly. Management tends to be almost robotic. They receive seemingly ample training in dealing with their team members and still lack an ability to relate to their teams.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    SAP Supply Chain Project Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - SAP Supply Chain Project Analyst in New York, NY
    Former Employee - SAP Supply Chain Project Analyst in New York, NY

    I worked at Bloomberg L.P. full-time (more than a year)

    Pros

    Bloomberg has fixed interview.

    Cons

    Bloomberg has fixed interview. They intend to hire candidates other than they have already picked up. however, to put up drama and show H.R busy we did interview candidates for nothing. Definitely not a place to work. If you know someone working inside then you can be hired even though you Dont know JACK. People working in 120 park ave office in SAP Practice are joke with almost no qualification. I would stay away from giving them interivew and wasting your precious time unless you know someone.

    Disapproves of CEO

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