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

Updated October 27, 2014
Updated October 27, 2014
1,204 Reviews
3.5
1,204 Reviews
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Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
673 Ratings

Review Highlights

Pros
  • great work life balance - like being in school though (in at 8 on the dot and out at 6) (in 65 reviews)

  • When free food is the bigger pro you can think of, there isn't much to like about (in 170 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 74 reviews)

More Highlights

71 Employee Reviews Back to all reviews

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  1.  

    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 an 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
  2. 1 person found this helpful  

    One of the best places to work at for RnD

    • 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 3 years)

    Pros

    Things have improved greatly in the past couple years for RnD and bloomberg is appearing strongly as one of the leading powers in machine learning and data analytical fields.

    Cons

    Constantly need to deal with biz manager

    Advice to ManagementAdvice

    Support more research work that generates long time benefits other than short term profits.

    Recommends
    Positive Outlook
    Approves 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 an 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. 6 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. 3 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. 7 people found this helpful  

    Run Away

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

    I worked at Bloomberg L.P. as a contractor (less than an 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 Employee - Senior User Experience Consultant in New York, NY
    Former Employee - Senior User Experience Consultant in New York, NY

    I worked at Bloomberg L.P. as a contractor (less than an 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. 6 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. 11 people found this helpful  

    Does HR do nothing but post fake reviews?

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

    I have been working at Bloomberg L.P. full-time (more than 3 years)

    Pros

    Free food. Great healthcare. Tons of vacation time. Learn the terminal well.

    Cons

    Everything else. Does no one else find it odd that all of the reviews written by supposed software developers (the majority of which are non-native English speakers at BBG) tend to be written in perfect English, using American slang, and are all written using the same tone of voice? Does anyone else notice that if there are bad reviews posted, suddenly all the new good reviews, say the exact opposite of what the bad reviews said word for word? Odd. I'm sure we will get a slate of reviews that attempt to sound non-native now, courtesy of HR.

    Anyhow. Where to begin.

    Stanley Young: He was hired to be the next chief executive of technology at BBG back in 2013. He quit in less than one year. Why would that be? Possibly because top execs at BBG refuse to believe that the terminal is going down and may not even be relevant in less than a decade? We've got machine learning now, people. We've got start ups that give away the very same product as BBG charges 20K per terminal a year for. We've got predicative analytics. And guess what. These start ups have a way better user interface, are easier to use, and more modern. The only reason people pay for BBG is for the IM feature. But guess what, there are competitors building better ones.

    Incompetence abounds: I have had several incompetent leaders. Rather than replace them, or demote them, they are usually assigned a baby sitter who then makes sure they do their job correctly. Because no one at BBG can ever admit they made a mistake. Sometimes I feel the leads there would rather knowingly make a mistake than admit they are wrong. Odd for a company that has based its entire reputation on quality and preciseness of data to their customers.

    The spying: not only did BBG get caught for spying on their customers, it is known that they track everything their employees do. I am sure they can write a report on how much time I spend in the bathroom, if they wanted to. Nobody is ever told what they do with these metrics, though. And you have no idea what you are being measured on, or by whom, or even why. It totally makes you paranoid. Who is watching me and why? It's like the NSA. They should read you your Miranda rights before working there because anything you say will be used against you.

    Evaluation: Since everything about you is evaluated, you will look forward to your annual review where every tiny, petty little detail will be brought up and used as ammunition against giving you a raise. Were you late that one day? Look for it in your review! Did you dare question someone's incorrect opinion? You will see it right there in your review!

    Workload: Team leads don't lead or work. They just spy on you and tattle to the boss. That's it.

    Advancement: I have never seen any member of my team change roles, although they say you can after 18 months.

    Advice to ManagementAdvice

    None.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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