Bloomberg L.P.

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Bloomberg L.P. Reviews

Updated Jul 22, 2014
All Employees Current Employees Only

3.2 1,117 reviews

75% Approve of the CEO

Bloomberg L.P. President and CEO Dan Doctoroff

Dan Doctoroff

(626 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 157 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)

More Highlights
123 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    3 people found this helpful  

    Not a real opportunity, TEMPS BEWARE!

    Business Analyst (Former Employee) Skillman, NJ

    ProsFree food?...thats all I got.

    ConsI should have been skeptical from the start... I was hired as a temp through Accounting Principals for a "6+ month" temp position with "permanent potential" as an analyst at Bloomberg in Skillman, NJ. It was hardly an interview, the lady went through my resume asked if I was familiar with excel and said the job was mine. I could not believe the process could have been this simple after striking out in interviews for months. So I was wary to say the least.

    First day on the job show up and SURPRISE there are 20 other temps starting with me. Yes that's right TWENTY. They take us all to the back corner training room and two young guys do a half-ass job of showing us the Bloomberg Terminal software and "train" us going through income statements, balance sheets and cashflows while familiarizing us with their software. On the first day they even took us to get our temporary ID badges turned into regular ones.

    We had off on Friday for good Friday so the first week was only 4 days (planned by Bloomberg I'm sure). Friday afternoon I get a call from Accounting Principals informing me I was let go because "I was not picking it up fast enough."

    If I had to guess the majority of the 20 people I started with were let go because I may not have been the best at "picking it up fast enough", but I was far from the worst.

    And thats how a "6+ month hire" with "permanent potential" turns into a 4 day job. I was made to believe this was a real opportunity when clearly it was a scam to get as many people there and quickly get the pick of the litter.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

    Great Place to start but..

    Data Analyst (Current Employee) Skillman, NJ

    Pros- Awesome Benefits (health, dental, vacations
    - Generous Leave time opportunities
    - Free Food (if you like junk food)

    Cons- Middle management can't stand up to NY
    - Open Environment leads to passive aggressive and immature behavior on the part of co-workers and managers. Even if you are hardworking and accomplish your projects and goals, they will make up stories about you watching "videos".
    -Flexible work agreements while available are frowned upon. If your manager is not 100% on board expect some unexpected actions to result.

    Advice to Senior Management- Care about your employees work/life balance. Not everyone can be in the office for 60 hours a week.
    - NJ Middle management should learn to stand up to NY when needed. This will allow Middle managers need to have confidence in their decisions. Also allow them to stop sweating the small stuff.
    -Understand that not everyone has a cookie cutter personality; you should learn to communicate and validate your employees concerns.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    5 people found this helpful  

    Bloomberg will ruin your career, get out while you still can.

    Anonymous Employee (Current Employee) New York, NY

    ProsVery good health benefits, good amount of vacation

    ConsIn my department, not one person in senior management cares about anything else but furthering their own careers. We are constantly told to take risks, collaborate, and be innovative, yet the second anyone goes out on a limb, they are reprimanded for not conforming to standards. Management systems are outdated and uninspiring. Almost everyone I work with is miserable and either feel trapped due to needing job stability or are counting down the days until they quit. I have never seen a workplace with such low morale and fear. HR and upper management try and get the most amount of work out of you while paying you the least amount possible. The amount of money wasted on consultants and incompetency is astounding.

    Advice to Senior ManagementTreat your employees better. I have never seen such unhappy and fearful people. Listen to your employees. Get rid of bad managers.

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

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    • Comp & Benefits
    • Career Opportunities

    5 people found this helpful  

    Good company to have on your resume. Terrible company to work for!

    Anonymous Employee (Former Employee) New York, NY

    ProsGood health benefits from day 1. Free snacks in the pantry.

    ConsEverything is based on favoritism and not on competence nor qualifications. My manager was extremely unprofessional and always promoted people who she was friends with. Mainly several 20 year olds that took the effort to kiss some butt. Straight out of college kids that had no experience and became team leaders within as soon as three months and were managing senior employees with more exeprience and qualifications within the department. On top of that, the Head of the department seemed not to care about these circumstances as well. The whole structure of the company is a charade. I couldn't wait to get out of there, even though it took me two years to resign. Why I sateyed that long? I was hoping for things to change and improve. I didn't happen.

    Advice to Senior ManagementPUt the right people in management and be fair to your employees.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Worst experience I have had in my career.

    Anonymous Employee (Former Employee)

    ProsFree food, snacks and benefits.

    ConsWhere do I start. Lots of old, legacy policies, they grind you and don't want you to ever leave their building, very hard to get answers and decisions you need, management is made up of very old, former Time Inc. & WSJ people, no offices or any privacy anywhere, elevators don't stop on every floor and it takes like 15 minutes to get from the entrance to your desk plus way too many waste of time internal meetings.

    Advice to Senior ManagementGet with the times and move faster on people, products and procedures.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    6 people found this helpful  

    In you are in software development - Run do not walk

    Senior Software Developer (Former Employee) New York, NY

    ProsHealth benefits are great. 401k, vacation time are better than average. Other than that there really are no pros to working at Bloomberg.

    ConsI worked at Bloomberg for about a year. From the time I started my marketability went straight down. As a developer you will become completely useless to any other company in short order. You will likely work with outdated things like Fortran, Cobol or even Bloomberg's proprietary RDMS. They actually think little Bloomberg can outdo Oracle with their millions of man hours invested. Management in software development is completely clueless about everything computer science related. This is a place where management worries about what time you come in and building little clicks to start problems where there are none. If something "bad" happens to any part of the software in your group be expected to have a meeting where 10% of the time will be spent on fixing the problem, 90% of the time spent on figuring out "who to blame" and 0% time will be spent on figuring out how to prevent it again. The place is run like big brother, security is watching you everywhere and the DO READ every email message you send or receive on your private email accounts - use your cell phone only! If you are unfortunate to have taken a position there you would be advised to keep your options open if another position comes along at another company. The longer you stay there the more damage you are doing to your career.

    Advice to Senior ManagementLearn some modern day working environments for software development.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Not good for developers

    Financial Software Developer (Former Employee) New York, NY

    ProsNot much, unless you have no place to go.

    Cons1. R&D managers usually hate programming.
    2. They do not like CS major.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    A company with very poor culture and enviornment

    Senior Software Developer (Former Employee) New York, NY

    ProsIf you are brand new and could not find other options, perhaps you may get your train in faniance here. Remeber, try to switch to others as soon as possible when you get a chance.

    Cons1. One will not be surprised to find those peoples who did not know much will be promoted to the manager's positions if he knows the office poltics.
    2. A company that is practicing the "manage people out" strategy when one becomes 40+.
    3. No career path future even if working hard.

    Advice to Senior ManagementNo need to give any comments. It is the company culture.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    5 people found this helpful  

    fascist nightmare, anti-technology echo chamber and sweatshop

    Software Engineer (Current Employee) New York, NY

    ProsIt pays well, and is very secure. Sometimes there are free vegetables.

    ConsIt is virtually impossible to get anything done here. The more ambitious and creative you are, the more you will hate it. You can't even use the Internet, which makes research and development practically impossible. I've worked for big banks, big tech, military intelligence, and I've never been in such a locked-down environment. Employees (and often co-workers) are treated as the enemy. The more you accomplish, the more visible a target you become. The technology is abyssmal, antiquated, and crippled. Working here is a dead-end because your skills will rot and become utterly irrelevant to the real world. Also, it is a sweat-shop. You will work 16 hour days on more than one occasion and you will be seen on weekends much more than any rational person would like. Also, constant interruptions, bright lights, loud noises, uncomfortable cramped quarters.

    Advice to Senior ManagementOutsource everything, because you are not capable of managing R&D in a way that is not criminally abusive of your (well compensated, thank you very much, and i would like some more please) employees. Start firing at the top, where the moral turpitude, inhumanity, and general malevolence is the worst. Stop pretending about your culture. No one believes you any more.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    don't come to Bloomberg if you have choice

    Financial Software Developer (Current Employee) New York, NY

    Prosvery good compensation, good health insurance plan. free snack and soda, breakfast.

    Cons1.No career growth at all, there are too many political stuff in this company. I saw many people who don't contribute more than others in the team but get promoted to team leader or manager, just because they have good personal relationship with their boss.
    2. Not very professional in terms of software development. Bloomberg hire a lot of non-professional person to do the software development. Many people never or seldom developed software before they join this company. So there are a lot of poor code waiting for you to maintain and fix.

    Advice to Senior Management1. promote those who can get job done,less political things
    2. hire professional person to do the professional job.

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

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