Bloomberg L.P.

  www.bloomberg.com
  www.bloomberg.com

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
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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. 8 people found this helpful  

    Analytics/Sales Dead End if there over two years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Sales and Analytics in New York, NY
    Current Employee - Financial Sales and Analytics in New York, NY

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

    Pros

    -Super safe job security - no one gets fired
    -Lots of trainings
    -Free food
    -cool building
    -name recognition on resume

    Cons

    - very few transferable skills if looking to go to finance/wall street
    - lots of drift-wood
    - managers show favoritism, cute girls get promoted faster than smart girls
    - 80% of work is done by 20% of employees
    - confrontational dynamic between sales/adsk and programmers, DRQS system is a nightmare
    - outdated backend technology, constant bugs in new software releases
    - lots of talk on transparency, doesn't apply to upper management
    - people jump department to department, no one owns a single process/dept
    - massive turnover, 70% of my hire class has resigned. No talent retention.

    Advice to ManagementAdvice

    - reward top performers
    - fire the poor performers
    - don't sell adsk/sales as a gateway to the Street, it's not
    - stop talking about 10B and the bonuses

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    Not Recommended

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Equity Analyst in Skillman, NJ
    Current Employee - Equity Analyst in Skillman, NJ

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

    Pros

    Food is served during lunchtime.

    Cons

    There is no room for growth here. Politics at the workplace run the whole office. To get ahead, you have to have connections.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 4 people found this helpful  

    Not a real opportunity, TEMPS BEWARE!

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

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

    Pros

    Free food?...thats all I got.

    Cons

    I 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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 4 people found this helpful  

    Great Place to start but..

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

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

    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 ManagementAdvice

    - 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.

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

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

    • 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

    Very good health benefits, good amount of vacation

    Cons

    In 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 ManagementAdvice

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

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

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

    • Comp & Benefits
    • 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 an year)

    Pros

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

    Cons

    Everything 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 ManagementAdvice

    PUt the right people in management and be fair to your employees.

  8. 2 people found this helpful  

    Worst experience I have had in my career.

    • 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. full-time (more than 3 years)

    Pros

    Free food, snacks and benefits.

    Cons

    Where 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 ManagementAdvice

    Get with the times and move faster on people, products and procedures.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 6 people found this helpful  

    In you are in software development - Run do not walk

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

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

    Pros

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

    Cons

    I 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 ManagementAdvice

    Learn some modern day working environments for software development.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    Not good for developers

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

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

    Pros

    Not much, unless you have no place to go.

    Cons

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    A company with very poor culture and enviornment

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

    I worked at Bloomberg L.P. full-time (more than 8 years)

    Pros

    If 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.

    Cons

    1. 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 ManagementAdvice

    No need to give any comments. It is the company culture.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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