Bloomberg L.P.

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Bloomberg L.P. Reviews

Updated November 5, 2014
Updated November 5, 2014
1,249 Reviews
3.6
1,249 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
698 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

129 Employee Reviews Back to all reviews

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  1. 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
  2. 3 people found this helpful  

    reality check

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst
    Former Employee - Analyst

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

    Pros

    - helps you quickly realize what happens if you don't study in University
    - free food
    - no brain use required.. oh wait that is not a pro.

    Cons

    - incompetent mid management who you will literally need to train, and teach how things work. you will not get any guidance from your team leaders, who will only review your metrics and remind you to copy more data from data source A, B and C to Bloomberg database. Do not expect to have a mentor, and do not expect to learn anything useful or transferable. If you are lucky enough, you may meet some smart analysts who will help you learn. However, those are rare and they tend to leave as soon as an opportunity arises.
    - more incompetent mid management
    - outdated technology

    Advice to ManagementAdvice

    none

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 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 an 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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  5. 5 people found this helpful  

    Terrible place to work

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

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

    Pros

    The pay is decent and the health plan is excellent.

    Cons

    The way they treat employees is abhorrent. Abusive manager. Once heard it described like a dysfunctional family. Dad comes home and hits mom, mom turns around and beats the kids. That about sums it up.

    Advice to ManagementAdvice

    Reassess mediocre management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 7 people found this helpful  

    HR is 100% writing fake positive reviews on here

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

    I worked at Bloomberg L.P. full-time (more than 5 years)

    Pros

    Access to training and education, cool office, free snacks, excellent benefits, some great people

    Cons

    I worked here for many years, and wanted this to be the company I'd really turn into my lifetime career. The office is amazing with their free snacks and tons of perks, but after a while you realize its all there because everything else associated with working there is LITERALLY miserable. They give you great vacation time (4 weeks to start), but trust me you will need every single day of those 4 weeks just to avoid ending up in a padded room in a mental institution. I made some amazing friends here, but there are SO many people who are honestly clueless about how to manage people and/or how to interact with clients. For every action taken there are 52 internal meetings and 15 procedures that are old and do not work. You will spend half of your energy fighting internal battles just to get a YES or NO answer. Unless you literally want to use this as a "stepping stone", are looking for something to beef up your resume for a year, or if you have no interpersonal skills and can't find any other job - then stay away.

    Advice to ManagementAdvice

    I don't even have the energy anymore to offer my advice.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 6 people found this helpful  

    Emperor's New Clothes

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Like everyone else says, free food, good health care, decent location in NYC, lots of vacation time (which you will need every second of).

    Cons

    Where to even begin? Do not join, unless you must:
    - 1984 Orwellian style fear based management. You are literally being spied on.
    - Team Leads who generally tend to be 22 years old and incompetent. They prey on young kids because they can mold them and they are too inexperienced to know they are being manipulated. Ever wonder what it's like to have an ivy league degree and10 yrs experience and be told your new boss just graduated from some community college in NJ and has six months experience? Work here if you'd like to find out.
    - Churn and burn. Every year they have to have a new crop of analysts coming in to replace the people that quit. In the past 6 months, half my team has left. Some even left having nothing else lined up.
    - They simply do not want to accept that no one is going to pay 20K/yr for a terminal that looks like it is from 1980. Why should they when most of that data is free?
    - Rather than berate their employees for violations such as not showing a positive attitude in the face of declining sales, they should instead spend that time checking out the competitors that are about to eat our lunch. Even the mainstream press has picked up on this.
     - It is a fact that many top banks no longer use the terminal. Not least because they discovered Bloomberg was spying on them thru the terminal. This information can be freely found doing any basic web search. That giant whooshing sound is the sound of customers leaving. But the management is asleep at the wheel and their response is to focus MORE on the terminal. Heard of the Emperor's New Clothes?
    - Apparently their HR dept spends much of their time writing fake reviews because in my time hear, I have never heard anyone speak so highly of this company. Unless they are heavily medicated from the stress of working here.

    Advice to ManagementAdvice

    None. You don't care that you are putting this place out of business.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 4 people found this helpful  

    discriminatory job practices against older employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Help Desk Analyst in Arlington, VA
    Former Employee - Help Desk Analyst in Arlington, VA

    I worked at Bloomberg L.P. full-time (more than 10 years)

    Pros

    Their was a great all-expenses-paid break room for the employees.

    Cons

    No transparency. Work overloading due to faulty performance analysis systems. No chance for lower level employees to concentrate job specifics or move up unless your are very attractive.

    Advice to ManagementAdvice

    Value people who have served your company with their hard work ad loyalty or it will come back upon your company's reputation and its long-termed profits.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 5 people found this helpful  

    These reviews are weird!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bloomberg L.P.

    Pros

    Nicer to be employed than unemployed.

    Cons

    Knowing the employee turnover and general opinions of employees (that you hear in the office), I don't understand who writes these 4-5 star reviews? Bloomberg HR maybe? My recollection is that pretty much everybody plans on leaving when the first opportunity comes, as the company is rotten to the core. The managers are either young pets, who are brown nosing the seniors, or mediocre "Tony Middle Level Manager"s, who have stayed at Bloomberg since 1986, as they are too incompetent to get a job anywhere else.

    In London, the turnover is the highest, and in Princeton some people stay longer as they are less other opportunities around. Bloomberg is not the first choice for anybody! People work at Bloomberg only because they have to.

    Advice to ManagementAdvice

    Employees are not a commodity. Do to high turnover, many of your employees go to work for your clients. This makes your sales efforts very difficult, as your former employees don't want to see a terminal on their desks for a justified reason.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 4 people found this helpful  

    Micro Managed to the extreme and No career Growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - There Are No Titles In This Company in New York, NY
    Current Employee - There Are No Titles In This Company in New York, NY

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

    Pros

    - Free food
    - Good benefits

    Cons

    - Micromanagement
    - No career growth
    - Legacy technology
    - Glass wall for International Employees when it comes to management

    Advice to ManagementAdvice

    Stop using Bloomberg Culture as a justification to hide your insecurity. Bring back job titles and please stop micro managing employees.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 5 people found this helpful  

    Good Luck, it USED to be the best place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bloomberg L.P.

    Pros

    They have a cappuccino machine

    Cons

    Overbearing micromanagement squashes individual creativity

    Advice to ManagementAdvice

    Let your people breath, please.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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