Bloomberg L.P.
3.2 of 5 1,025 reviews
www.bloomberg.com New York, NY 5000+ Employees

Bloomberg L.P. Reviews

Updated Apr 14, 2014
All Employees Current Employees Only

3.2 1,025 reviews

                             

75% Approve of the CEO

Bloomberg L.P. President and CEO Dan Doctoroff

Dan Doctoroff

(579 ratings)

63% of employees recommend this company to a friend
172 Employee Reviews Back to all reviews
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4 people found this helpful  

you can end up fat, dumb and happy

Anonymous Employee (Former Employee)

I worked at Bloomberg L.P.

ProsI was in the R&D department of Bloomberg for over 10 years. The company is very profitable therefore job stability, health benefits, time off are all very good. The company controls their own technology stack from the client software running on the user's desktop, to their network connection end to end, to huge data stores in their data centers. As an engineer, there are many interesting problems to work on. However, due to the profitability of the company, there is not much incentive to do basic improvements to their infrastructure, reduce operational costs, or increase automation. This can be frustrating as much of the organization is involved in updating work tickets and doing manual changes. This kind of environment can be great for someone who wants to not think or work too hard and just punch in the clock.. but if you are intellectually curious and are ambitious to learn new technology it can be very suffocating. Further, much of the organization is involved in operational roles and have no desire or passion to improve technology.

ConsI would recommend this company for someone starting off out of college or for someone who is very senior looking to get a great pay package and looking to relax for their remaining work years. For engineers who have been in the workforce for more than five years, it is a very bad proposition to stay at Bloomberg for too long. The compensation increases eventually are very incremental and are below market compared to other technology companies that offer equity. Further, the lack of innovation and improving technology can slowly destroy your competitive advantage against your peers.

Advice to Senior ManagementInnovate at all levels - technology, processes, people - in spite of the financial success.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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1 person found this helpful  

ok place for the first job

Financial Software Engineer (Former Employee)
New York, NY

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

ProsTraining Training Training is soooooo helpful and gain a lot of knowledge, cs and finance. Pay is ok for the first job.

ConsOLD technologies and many old guys.......
Have to debug fortran, even passcal code sometime. You will not be able to keep competitive if working in such a company......

Advice to Senior ManagementApply new technology to your product
treat engineers better.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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3 people found this helpful  

Poor Experience

Sales Representative (Former Employee)
New York, NY

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

ProsThey try and lure you in with the free food and benefits which is good for only so long until you see what goes on day to day.

ConsMicro managers, full transparency of everything, treat you like you are 5 years old, ask for long work hours with not the best salary and horrible annual bonus/commission structure.

Advice to Senior ManagementWake up. Keep your good people who have all left. get with the 21st century and have a real commission plan for the sales people and let them get paid on what THEY sell and not what others in the company sells. Dan changes nothing in the company and should be ashamed of himself for being called the CEO.

No, I would not recommend this company to a friend

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3 people found this helpful  

Nice start, big disappointment

Analyst (Current Employee)
New York, NY

I have been working at Bloomberg L.P. full-time for more than a year

ProsHealth Insurance, Nice Office, Good People.
I met some great people at Bloomberg and their health insurance and other benefits are without a doubt the best you can get. At first it appears like a meritocracy that values creative thinking and good work. There is some mobility within the firm and if you are pushy enough and talk to the right people you can try new things. Their philanthropic efforts are really great and you have a lot of opportunity to participate, which the company will generously match.

ConsBig Brother Culture, Ridiculous Metrics, Horrible Middle-Management, Inability to Admit Defeat.
Sadly, soon enough you realize that Bloomberg is just another imagination-deprived big company where the mediocre sucker uppers thrive and creative thinking or criticism is not valued at all.There is just as much corporate BS and ridiculous self-serving mismanagement as any big company they try so hard not to be. If you want to do well, never say what you mean and never mean what you say.
I think their supreme success with the terminal gives the company the mistaken impression that they will be successful at anything just because they say so. It'll be interesting to see where it all goes.

Advice to Senior ManagementDon't just promote the corporate robots with no original ideas or ability to call BS when they see it

No, I would not recommend this company to a friend

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2 people found this helpful  

Ok First Job, Very unsatisfying job in all aspects

Financial Software Developer (Current Employee)
New York, NY

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

ProsWhen free food is the bigger pro you can think of, there isn't much to like about. Benefits are good too I guess. And since they hire a lot of fresh-out-of-college grads, it can be a good starting place.

ConsThe work is very unsatisfying on all levels. New technologies are seldom used, a lot of work pressure and lot of workload, HR doesn't care two hoots about you in any aspect, boring and tedius work, very closed environment, very hierarchical and very bureaucratic, very few career growth prospects, very narrow learning environment as teams are not encouraged to learn from each other and/or collaborate.

– I'm optimistic about the outlook for this company

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I have been a

Equity Analyst (Current Employee)
Princeton, NJ

I have been working at Bloomberg L.P. as a contractor for more than a year

ProsThe work balance is fair and as a contract analyst I am able to complete my work and focus on external opportunities without a problem.

ConsThe company is completely disorganized and communication among departments is poor, there are clicks within the company and the office politics are at extreme levels. The project goals are ambiguous and opportunities for career advancement are limited.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Misleading

Anonymous Employee (Former Employee)

I worked at Bloomberg L.P.

ProsGreat snacks, office is nice and modern.

ConsAnalytic department is not what you would expect. You basically act as a technical support representative for Bloomberg Terminal users. Not very fun, and very boring.

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Decent place to work depending on team and group

Sales Manager (Former Employee)
Chicago, IL

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

ProsFree food everywhere, much of it healthy.
Congenial environment, most-friendly.
Great benefits.

ConsVery competitive. Every one is angling for a higher position, which gets exhausting.
Management constantly is changing (I had 5 managers in a year), lots of movement...good and bad.
For a technology company I found it humorous that everything, even the internal CRM, is based on a terminal environment that looks like it is from an Apple IIe. Horrible internal tech.
Workaholics, mostly younger environment. I suppose this is typical NYC style but work is everything. And everything is designed to monitor you and keep you working as much as possible for as long as possible. Many managers abuse the ability to keep tabs on people.
Not a nimble company due to its size, so much of the internal technology can't change.
Large institutional inertia to change unless forced.

Advice to Senior ManagementReward experience instead of looking for reasons to move older workers over and out.

No, I would not recommend this company to a friend

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1 person found this helpful  

A great place to build your skills – if you ever get out of the meetings.

Social Media Editor (Former Employee)
New York, NY

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

ProsThe fabulous office space and free food get a lot of press, but the best part of working at Bloomberg LP is your coworkers. With very few exceptions, BBG makes a practice of hiring some of the smartest, most ambitious, and most capable people in the job market. This isn't a teaching hospital – if you're there, you're there because BBG thinks that you're more than capable of taking charge of your area and crushing it with little direction from higher-ups. That implied trust in your professionalism and capability means a lot.

ConsHesitating to call work-life balance a joke at Bloomberg, but only because it's not funny how terrible it is. Of the four weeks of vacation you're given, expect to take about half of that, if you're lucky – and if you don't answer e-mails while you're gone, be prepared to hear about it when you get back. Every action at this company – in the News division, those are few and far between – is preceded by approximately 50 meetings wherein the same talking points are hashed out by the same people without any results.

In the News division, expect to make 50-60 percent what you would at a competing venture for twice the work. For lower level positions in particular, the attrition rate is astonishingly high – I was the fourth person to hold my position and leave after less than a year. Like my three predecessors, I burned out from the unreasonably workload – we're talking sleeping at desks – combined with an outrageously undermarket salary.

Advice to Senior ManagementI'll quote what my HR representative said to me in my exit interview: Sell your fishtanks and pay your employees what the market would pay them.

No, I would not recommend this company to a friend

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3 people found this helpful  

Pigeonholed. The sales and analytics program has fantastic training but the job responsibilities are mindless.

Equity Specialist (Former Employee)
New York, NY

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

ProsThe benefits and free food. The people are AMAZING on a junior level!

ConsBig brother is always watching and you can feel suppressed at times by your specific title and responsibility.

Advice to Senior ManagementTreat your employees as people and not as tiny cogs in the machine of selling terminals.

No, I would not recommend this company to a friend

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