Bloomberg L.P.

www.bloomberg.com

Bloomberg L.P. Reviews

Updated January 22, 2015
Updated January 22, 2015
1,289 Reviews
3.6
1,289 Reviews
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Approve of CEO
Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
717 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

132 Employee Reviews Back to all reviews

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  1. 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
  2. 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
  3. 7 people found this helpful  

    fascist nightmare, anti-technology echo chamber and sweatshop

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

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

    Pros

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

    Cons

    It 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 ManagementAdvice

    Outsource 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.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    don't come to Bloomberg if you have choice

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

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

    Pros

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

    Cons

    1.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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6. 4 people found this helpful  

    falling angel: It was good company, but not any more.....

    • 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

    - Free sneaks (but the selection has become worse)
    - Nice office building in good location
    - More stable than investment banks and other financial service firms

    Cons

    - No privacy in the office
    - Small desk, no cubical
    - Cost cutting: benefit has been reduced year over year and getting worse
    - Slow growth
    - No more free medical insurance. Use to be free, but now the company charge insurance premiums.
    - High turnover. Many people leave within 2 year or less.
    - very political place, very hard to get things done. Senior management does not want to take risk by invest in new projects.
    - flat structure, hard to grow.
    - Long working hour
    - Below market average compensation

    Advice to ManagementAdvice

    - Please treat your employee like human
    - Please consider the advice from your employee

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 9 people found this helpful  

    Working at Bloomberg is like working on a deserted island that you will never get off and so far away from reality.

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

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

    Pros

    If you like bureaucracy, lots of proprietary software development, tons of red tape in getting your job done than this is the place for you! If you have not fully developed your software development skills or like to pretend that you are something you are not, you can likely find your dream job at Bloomberg.

    Cons

    Any skill that you develop while working at Bloomberg as a software developer will be primarily, if not totally, useless to any company that you are looking to move to in the future. Maybe some of the high level skills of debugging and problem solving may be of value but working on proprietary relational databases, proprietary web services, proprietary UI and development tools not to mention out dated programming languages will get you nowhere fast. How a company of this size thinks that they can develop a relational database that is better than say "Oracle" with their millions of man hours invested in their product suite is simply foolish to put it lightly. This is a company that is so stuck in the past with their Fortran code still in use and their flagship product the "Bloomberg Panel" that looks like it was developed in the 1980's with its amber block character email system is just so unbelievable that a company would be so stuck in the past. Their client base is strictly based on the amount of data they provide and clearly not on their innovation of modern software . This a company where you have to fall in line with the management with decades of tenure that will do anything to keep the status quo and their job. By adding layer upon layer of nonsense they can keep building their kingdoms of drones and promoting themselves and their software keeps living in the distant past. It is also a place where big brother is watching you 24 hours a day. Every email that you write is read by security, every phone call that you make is recorded, their are cameras and microphones everywhere. You cannot leave the building unless you check out and security watches your every move. The big brother attitude is unnecessary and you have to wonder how it really helps their bottom line. Bigger companies with much more to lose do not spy this much on their employees. This place is a revolving door; where it looks so much better on the way out.

    Advice to ManagementAdvice

    Advice to upper management would be pointless as they exist in a private bubble.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 7 people found this helpful  

    Run! Or you will be sorry for yourself and the time you spent there

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

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

    Pros

    Flexible hours, open kitchen in Skillman office (do not trust people who says it is “free food” – it is part of your compensation. Company estimates that they spent $4600 annually on you and now even mention it in annual compensation statement. But they should be given credit for liberating you from your weekly grocery shopping and a task of finding something to eat in your empty fridge when you are late for the work), great place to start your carrier when you are just out from college and cannot find a job ANYWHERE because no one needs your business major and, let’s face it, you learned nothing in college, annual summer parties that are actually are not so great as they used to be when company was smaller

    Cons

    Your immediate manager has no idea what he/she is asking you to do. Majority of team leaders got to their warm seats through internal politics, who-likes-whom, who-sucks-whom, est. That “majority” will make every effort to be the first when something is wrong but the last in there is success. There is no business plan, no one looks at the head counts or time budgets, you will receive absurd requests with unrealistic targets and forget about 40 hours work week. At the same time you cannot officially work extra - you cannot work on Sat/Sun but "find time during your day".
    The same is about your “outstanding” peers – good honest people who really know the stuff are either already left or looking to leave shortly, except for those few poor souls who cannot move for external reasons. Those praised by TL’s are really working their tail off to get out to other department and will have no problems to eat you, if you are seems to be a potential competition. You will experience capitalism there at its best.
    And it is not my subjective opinion – the fact is that out of those people whom I started with not long time ago, only 7% are still with the Team. I didn’t hear if anyone is sorry about leaving/losing Bloomberg. Think about it

    Advice to ManagementAdvice

    Stop reducing cost through labor - clients are laughing at your quality and expertise.
    Fire all low-mid level managers - they are destroying company form within

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    Good to start your career, but don't get stuck there

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

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

    Pros

    -Its all about looks here. Everything in the company is shiny and bright.
    -Perks used to be very good but most of them have been removed

    Cons

    -Almost no growth potential.
    -Impossible to get into management unless you are blessed by folks who have been there for over 20 years.
    -No work life balance. You will have to take support calls after midnight, about 2-3 times a week.
    -The skills you acquire here are of very little use outside.
    -Join only if you are very political and want to work there more than 2 decades.

    Advice to ManagementAdvice

    -You guys know most of you talent has left in the last few years and you are the reason.
    -When was the last time you read any technical material.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 4 people found this helpful  

    Proprietary software, high school type work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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.

    Pros

    Nice benefits and higher than average pay. Free snacks and drinks and various training programs. Larger than normal bonus packages.

    Cons

    The atmosphere at Bloomberg is very "high schoolish." A lot of insecure people trying to justify their job when it could be very easily eliminated. Tons of bloat and bureaucracy. Not a place where you want to work if you want to work in a typical software development environment. If you like to re-invent the wheel or work on Fortran, this place is for you. If you want to gain real skills to help you grow technically - look elsewhere.

    Advice to ManagementAdvice

    Look at your management and hold them to task. Try to look at what is really important and not just because you a series of managers that have built up little empires to make them look important.

    Doesn't Recommend
    No opinion of CEO
  11. 3 people found this helpful  

    Good job for recent college graduates

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

    I worked at Bloomberg L.P.

    Pros

    Development and growth within your role. If management likes your idea, they will support you
    Excellent benefits package

    Cons

    Employee reviews are fickle (thought of as good one minute, awful the next)
    Poor Compensation
    No work life balance

    Advice to ManagementAdvice

    Promote employees to management who have the skills for it, not the sycophants

    Disapproves of CEO

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