Bloomberg L.P. Reviews

Updated June 29, 2015
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  1. Software Engineer

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Lots of free food snacks etc.

    Cons

    Note that all ratings given here are from the perspective of a contractor on the WSS Core Services Team, in R&D (a truly miserable place to contract due to the supervisors that run it).

    Contractors on the WSS Core Services Team are treated with no support or regard. You are a cog, nothing more. You received absolutely no support or development of any kind, requests for information are constantly met with annoyance and dismissals, you frequently are left out of team meetings and other huddle discussions, you have no external access to systems but are required to perform exactly as a full time employee with full access (meaning that you have to be in the building ALL the time).

    The WSS Core Services Team in the R&D Division is a terrible, terrible place to contract.

    Advice to Management

    Treat contractors as you say you do: FAIRLY. Give long term contractors external access to systems or do NOT expect them to "own" systems the way a full-time employee does. DEVELOP contractors fairly, do not expect them to walk through the door and understand undocumented, complex systems in a day. Provide introductions and assist them in succeeding for at least a month or so. And STOP SAYING that a contractor should not need any assistance or information in order to be productive from day one!


  2. Helpful (1)

    Bloomberg culture, values, and views on diversity and inclusion carry no real weight.

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

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    * Pantry
    * Dollars for Your Hours
    * 20 Vacation Days
    * Bloomberg looks good on your resume

    Cons

    * Transparency is a word often used, rarely applied
    * Misogynistic executive management
    * Leadership nonexistent, puppet management abounds
    * Benefits decreasing year over year
    * Work-life balance, and work-from-home non-existent

    Advice to Management

    With the return of Mike Bloomberg, micro-management and autocracy reigns - and advice is neither sought or heard.


  3. Helpful (1)

    Don't Know what they do

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

    I have been working at Bloomberg L.P.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Found nothing to learn but Bloomberg terminal which is used only at Bloomberg nowhere else.

    Cons

    Managers don't know what they are doing.

    Advice to Management

    Train manager on how a company works


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  5. Helpful (6)

    Over worked, underpaid, incredibly under valued

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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


  6. Helpful (7)

    Account Manager

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

    I worked at Bloomberg L.P.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Free snacks, amazing building, great location, top-notch security guards

    Cons

    If you read the booked 1984, you would know how the company is managed. From top down, managers practice micro-managing like a foreign spy. They check Account Manager's schedules, and call clients after a meeting has occurred to ensure the sales reps were there. If you are 5-10 mins late from arriving to work (strict 8-6 schedule), expect a threatening email or confrontation. Not a lot of trust and confidence in its people, which creates a paranoid and low morale office environment.

    The strategy of this department is to entice young college entrants to take a higher than average entry level salary, and once in, don't expect a high pay raise at all. Many people find their skills outdated after a few years and stuck in the job - with different titles but the same role. That's how lifers are created in this company - they have no transferrable skills to transition to another company, and with little management skills, they are pressured into taking a manager role (to give them more work to do), which leads to teams that are poorly run. This is a vicious cycle across the whole sales floor.

    If you are looking for a long-term career, this is definitely not the place. By joining, you are automatically going to be behind many people on gaining relative industry skills that makes you competitive. Many managers that I have worked with don't even know how to use Excel and Powerpoint.. so please assess if you are looking for something short term or longer term in your next career move.

    Advice to Management

    Foster a more trusting work environment. LIsten to the 360 reviews, and manage your Sales Managers better.


  7. Helpful (2)

    Accounting

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

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Location and snacks. Looks good on your resume. Weekly floral arrangements and fish tanks are nice to look at when the stress of management gets to you.

    Cons

    HR spends a lot of time training Team Leads while poor managers go unattended. Even when repeated complaints are made by numerous people incompetent managers stay while hard workers leave in a steady stream.
    Looks good from the outside but don't do it!

    Advice to Management

    Train your managers and listen to the employees who are doing all the work.


  8. Helpful (8)

    Don't bother

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in Princeton, NJ
    Former Employee - Software Developer in Princeton, NJ

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Free food, which is not all that great. Monopoly position in its market helps allow for massive wastage of resources (see below).

    Cons

    Innumerable. Huge bureaucracy, ritualistic cult-like atmosphere, bizarre big-brother monitoring everywhere. Does everyone really need to know where and when you badged in and out? Entire teams that do little to nothing. Regular need to tell managers to pi** off when they attempt to bully you. Mind-numbingly boring work. Early 1980's technology hasn't changed a bit. And lastly, now that the owner has returned, having exhausted his political adventure, it is like Odysseus returning to Ithaca and there will be major lettings go, new joiners first.

    Advice to Management

    Rename and sell the company.


  9. senior developer

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bloomberg L.P. full-time (More than 10 years)

    Pros

    Good company for all the good benifits

    Cons

    Commute time is long from suburban


  10. Helpful (2)

    Stifling atmosphere

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

    Put competent people in leadership roles


  11. Helpful (3)

    poor experience

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    free food, free food, free food

    Cons

    low salary, demotivated people, too much politics

    Advice to Management

    put the right people in the right position



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