Bloomberg L.P.

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Bloomberg L.P. Reviews

Updated Jul 22, 2014
All Employees Current Employees Only

3.2 1,108 reviews

75% Approve of the CEO

Bloomberg L.P. President and CEO Dan Doctoroff

Dan Doctoroff

(620 ratings)

63% of employees recommend this company to a friend

Review Highlights

Pros
  • When free food is the bigger pro you can think of, there isn't much to like about(in 155 reviews)

  • great work life balance - like being in school though (in at 8 on the dot and out at 6)(in 52 reviews)


Cons
  • Poor work-life balance; Peter Principle in effect company-wide; generally chaotic(in 31 reviews)

  • Mandatory, long hours for busy work (8a - 6p); lots of posturing(in 71 reviews)

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    Development practices are being modernized.. You can make a difference..

    Senior Software Developer (Current Employee) New York, NY

    Pros- Many people have commented that there is a lot of legacy code and outdated practices. This is true, however, since upper management within R&D has been shaken up, a large amount of investment is being made in infrastructure and dev practices.
    - The talent level (at least within my team) is absolutely top-notch.
    - Difficult and interesting problems.
    - If you don't like your team, you can move every 18 months.
    - Very flat hierarchy.
    - BDE software development methodology.
    - Amazing guest sparkers.
    - Increasing it's contributions to the open source world (see BDE on Github)
    - The compensation is good if you are seen as a top performer.
    - Great health care

    I'm very happy to work for a organization that cares as much about it's employees as Bloomberg. I think the company is on a positive trajectory, and the best is yet to come.

    Cons- There is a incredible amount of legacy code. Much is old fortran and C.
    - Steep learning curve.
    - You'll be capped at four weeks off. I'm not certain, but I think the whole company gets 4 weeks off.
    - The high talent level, means if you are looking to be a manager, it'll take a while.

    Advice to Senior ManagementContinue to invest in developer productivity and training. At least within my team, there is always more work to be done then could ever get done. Our project management and bug tracking systems could really use some TLC. Also, we build software like complete amateurs, we should invest in better build management tools. We could also use better automated testing frameworks and facilities. Improvements are being made, it would just be nice to have a greater emphasis placed on unit and acceptance testing.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    A company that cares for its employees

    Senior Software Engineer (Current Employee) New York, NY

    ProsGreat Health care benefits ,

    ConsVery fast paced and dynamic environment

    Advice to Senior Managementwork life balance , have parallel alternatives for personal growth

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

     

    Data Analyst

    Anonymous Employee (Current Employee)

    ProsFriendly environment, open work area

    Conshired through a recruiting agency

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
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    1 person found this helpful  

    Good first job that gave me a stepping stone to better things. Not long-term job material.

    Reporter (Former Employee)

    ProsGreat benefits, almost unlimited resources, will invest a lot in employees they value

    ConsCulture of fear, limited career growth in news, very very little direction for new/young employees who are learning the ropes (there's intense training, but it's training on company policies and style rather than how to succeed and become better at reporting/writing). The middle 50% of the company is a machine that falls often defers to the status quote rather than innovating and trying new things

    Yes, I would recommend this company to a friend

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    Generally a positive experience, different groups and departments have vastly different ethos and your mileage may vary.

    Senior Software Developer (Current Employee) New York, NY

    ProsIf you do well, and have a supportive team leader and manager, they are very quick to give you more responsibility. Once you are established as a solid team player, there are many opportunities for growth, educational reimbursements and slow but steady raises.

    ConsSome teams are decidedly better than others, ranging from a bunch of very competent folks that would do well almost anywhere, to other teams which seem to be what's left after years of the cream of the crop skimming off to other places. You are not allowed to actively trade, and moonlight coding for open source projects is if not discouraged, at least made quite tedious and difficult.

    Advice to Senior ManagementSpend a little less time making internal videos and producing new internal "awards", and spend a little more time regularly chatting with every employee outside of the lines of reporting.

    Yes, I would recommend this company to a friend

     

    Campus Ambassador

    Anonymous Employee (Former Employee)

    ProsGreat Pay, great prizes to win!

    ConsLack of Communication from manager

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    Great place to work if you don't need flexibility

    Editor (Former Employee) New York, NY

    ProsExcellent benefits, lots of opportunities for advancement if you put in the hours and get results. People who work here are very smart, driven and competitive.

    ConsNot flexible for working parents. Great right out of school but fewer opportunities for mid-career advancement. Few women in management roles and few women promoted or encouraged to seek leadership positions.

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

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    Good Environment

    Administrator (Current Employee) New York, NY

    Proscompany values loyalty and longevity. Promotes health and balance of work/personal life

    ConsAt times it can create an environment that leaves something to be desired. competition, and infighting.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good entry into the financial industry

    Senior Developer (Former Employee) New York, NY

    ProsThe financial industry knows that Bloomberg only hires good people. I've got a co worker who was turned down multiple times by Bloomberg, and eventually accepted by Goldman. Good salary, average bonus, good fringe benefits like organic snacks.

    ConsNasty culture, company tolerates and promotes work place jerks. Go read Bloomberg by Bloomberg. The founder enjoys throwing bunch of people into a pool, and watch them kill each other, and survivors get promoted.

    Yes, I would recommend this company to a friend

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    Great culture, mediocre work

    Analyst (Former Employee) New York, NY

    ProsFabulous benefits, competitive salary, high-energy work environment. There is always something interesting going on.

    ConsThings are done in a certain way and its not always easy to effectuate change. Some of the work can be less than stimulating.

    Yes, I would recommend this company to a friend

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