Bloomberg L.P. Reviews

Updated August 24, 2015
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  1. Helpful (2)

    Run Away

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Senior User Experience Consultant in New York, NY
    Former Contractor - Senior User Experience Consultant in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    High pay, free food. That's about it. The building is nice but this is very trivial. There may be a chance you get a better manager than I did but I doubt that will make a difference.

    Cons

    They will own your soul, simply put. Free food, but that's just to keep you in the office. Thinking of snacking all day? Wrong. They placed very small bathrooms on each floor so there will always be a line around 1 - 2pm so don't over-snack. The floors are the size of football fields yet there is only one entrance/exit so they can monitor traffic closely. Will be a hike if you sit far away from this exit but again, everything designed to keep you working. All the desks are lined up nicely in straight row after row after row. And these are very small desks just enough for the computer. Replace those computers with sewing machines and what do you get? Exactly. When you scan your id in and out, those times get recorded on the computer which can be viewed easily by your manager just by pulling your profile. Punch cards for white collar workers basically. And everyone wears this id around their neck, it's required. I actually asked for a headband so I can wear it on my head but the security guy was not amused. Basically, no one would be here because they have no sense of humor. I did not work long enough here to uncover that everyone here are really cyborgs. I come in a 9am and was asked to come in earlier. I left at 6pm and they say nobody leaves here until 7pm. The pay was great but my weekdays consist of going to work, going to bed then repeat. I thought about suicide but decided quitting was easier.

    Advice to Management

    Employees are people, too


  2. Helpful (7)

    Worst Mistake of my Career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Developer in New York, NY
    Former Employee - Senior Developer in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than 3 years)

    Pros

    Stability, prestige, it's a "nice" place to work. You get free snacks and coffee.

    Cons

    Endless streams of soul-destroyingly tedious work. Work that could easily be automated if the proprietary systems you'll have to rely on didn't... I guess the only way to say it is completely suck. Almost nothing you'll learn will apply in any other environment. The platforms and practices are so eclectic to Bloomberg that if you try and take them anywhere else, you're not going to know what you're doing. Things like career development, ideas like advancement simply don't exist there. You will be dumped into a massive pool of coders and basically just bang away at a keyboard until one day, you die. I weep for the torrents of inbound kids, fresh from school, looking to start a career and what they have in store for them. Bloomberg, the world is bigger than you. There are ways of doing things so foreign, so superior to yours that surely they appear to be some form of dark magic, and I understand your fear but if you push through it a little bit, you might be capable of amazing things. I quit, good luck.

    Advice to Management

    There is no management.


  3. Helpful (7)

    False Hope

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Legal Analyst in Skillman, NJ
    Former Employee - Legal Analyst in Skillman, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bloomberg L.P. full-time (More than 3 years)

    Pros

    Seemingly great opportunities - not on the legal (product & data) side. Financial side poses much better chances for long-term growth.

    Cons

    Limited growth potential. Team Leaders & Mangers do very little to encourage individual growth. Far too great an emphasis on individual metrics, rather than long-term growth with company.

    Advice to Management

    Treat people better and they will respond accordingly. Management tends to be almost robotic. They receive seemingly ample training in dealing with their team members and still lack an ability to relate to their teams.


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  5. Helpful (13)

    Does HR do nothing but post fake reviews?

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

    None.


  6. Helpful (2)

    SAP Supply Chain Project Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - SAP Supply Chain Project Analyst in New York, NY
    Former Employee - SAP Supply Chain Project Analyst in New York, NY
    Disapproves of CEO

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


  7. Helpful (3)

    reality check

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst
    Former Employee - Analyst
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    none


  8. Helpful (6)

    Terrible place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - News in New York, NY
    Former Employee - News in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Reassess mediocre management


  9. Helpful (9)

    HR is 100% writing fake positive reviews on here

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

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


  10. Helpful (4)

    discriminatory job practices against older employees.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Help Desk Analyst in Arlington, VA
    Former Employee - Help Desk Analyst in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

    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.


  11. Helpful (7)

    Emperor's New Clothes

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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



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