Bloomberg L.P.

  www.bloomberg.com
  www.bloomberg.com

Bloomberg L.P. Reviews in New York City, NY

Updated November 13, 2014
Updated November 13, 2014
1,230 Reviews
3.5
1,230 Reviews
Rating Trends

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Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
687 Ratings

Review Highlights

Pros
  • great work life balance - like being in school though (in at 8 on the dot and out at 6) (in 65 reviews)

  • When free food is the bigger pro you can think of, there isn't much to like about (in 170 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 74 reviews)

More Highlights

577 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    A good company, but not great

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

    I have been working at Bloomberg L.P. full-time (more than 8 years)

    Pros

    fancy office, food, beautiful fish tanks. great summer party.
    Sometimes you can work on interesting projects. For junior software engineer, this is a great place to start a career and great opportunity to learn.

    Cons

    career path is a problem. If is hard to advance, and you may wind up doing same stuff several years ago.

    Advice to ManagementAdvice

    Need to think how to give senior programmers more opportunities. How to retain best people.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Great company, people. Caring company

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

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

    Pros

    The culture is work-hard, play-hard, with much thought put toward philanthropy and the environment (these altruistic goals really come from the top-down); great snacks; great office/environment; a lot of smart people all across the board; convenient location; great connections throughout the city due to the CEO being a former mayor; lots of educational opportunities outside of field, such as financial training for R&D folks, technical training for business-folks; payment for further education; sports teams to play on. Great healthcare, great 50% match on 401k; generous pay-raises and bonuses. Awesome training program for fresh-out-of-college hires: 12 weeks long, fantastic instructors for advanced C++ and javascript (and a lot more), plus great networking opportunities. Really well run. The whole company works like clockwork, from facilities to help desk to sales to software to data warehouse. Quite impressive.

    Cons

    A lot of proprietary software development tools.
    A lot of customers don't like change; customers are paying a steep price, and thus often have a stronger say than they should.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Good company to start with

    • 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 3 years)

    Pros

    Open door, and transparent policy, very intelligent and motivated people. ability to take ownership, be proactive. Awesome training program for the fresh students. Very generous benefit, great snack,and nice working environment.

    Cons

    Very aggressive culture, it might take a while to get use to. Could be very busy sometime and overtime is expected.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    satisfying

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

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

    Pros

    great work-life balance culture. Bloomberg offers very good benefits for employees.

    Cons

    career advancement depends very much on management

    Recommends
  6. 3 people found this helpful  

    Mediocre Internship Experience in Sales and Analytics

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

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

    Pros

    - Good work life balance (as others have mentioned: in at 8, out by 5)
    - Young office feel. The vast majority of the employees I interacted with were fresh out of college or only several years out. Accordingly, there was lots of energy and opportunities to make friends.
    - Very rigorous training program on the Bloomberg (opportunity to get some exposure to financial markets training for liberal arts majors)
    - Arguably decent entry-level pay although not comparable to actual finance jobs
    - Pantry

    Cons

    - Poor quality of hires as there are not very many incentives for talented individuals (not surprisingly, the firm has a very hard time recruiting at strong schools)
    - VERY political. The experience felt above all else like a crash course on brown nosing (this is quite possibly the only transferable skill you will acquire in your time at ADSK). Advancement and success did not seem to be primarily based on creativity, intelligence, or even sheer effort.
    - Poor long term career prospects and exit opportunities. You basically either advance in Analytics or move to Sales.
    - There is a feeling of constantly being surveilled. In this sense, employees are treated somewhat like children (cultivates a culture of fear to a certain extent).
    - ADSK job is rather mind numbing. It is generally perceived as a glorified help desk and you get very little respect from the finance community, i.e. your clients. Clients often berate ADSK employees for problems out of their control.
    - Not very intellectually stimulating tasks or peers. One head sales guy even went as far as to say that you don't need to be "smart" to do well at the firm during a presentation to all S&A interns.
    - Not very entrepreneurial on the sales side-- very little to no freedom in projects and client outreach (discourages engagement and commitment to the job).

    Advice to ManagementAdvice

    If the Sales and Analytics program is the talent pool you're drawing from in order to fill higher positions in the firm then you will need to step up your game. At the moment, it seems as though you are doing a very poor job of retaining top talent. Try to make the analytics program consist of more than just taking chats. Ideally, you would include a component that requires some actual analysis (as the job title suggests) in order to distinguish talented individuals from non talented ones. As an employee in the analytics program you are painfully aware that in 5-10 years time your role will likely be outsourced to computers.

    Doesn't Recommend
    Approves of CEO
  7. 1 person found this helpful  

    R&D

    • 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. as an intern (less than an year)

    Pros

    Good compensation and good location

    Cons

    Outdated technology and no smart engineers

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    temporary

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

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

    Pros

    free food parking 8 hours

    Cons

    15 per hour
    no any other benefit

    Advice to ManagementAdvice

    nothing

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9. 4 people found this helpful  

    Great place to start a career in finance.

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

    I have been working at Bloomberg L.P. full-time (more than 8 years)

    Pros

    - Excellent finance training program
    - Amazing benefits
    - Advancement is based on merit, not time at company
    - Fun work environment
    - Job security

    Cons

    - Job security creates environment where employees do minimum to stay employed. Happens after being at the company for a number of years and reaching a desirable salary.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Data Analyst - Temp

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

    I have been working at Bloomberg L.P. as a contractor (less than an year)

    Pros

    You get free breakfast (continental) and lunch, as well as snacks pretty much whenever you want. You don't have a whole lot of responsibility. Temps usually stick together, so you'll have plenty of workmates to commiserate with. If you're looking for a job that pays about $16/hr and fairly mindless work, sign up. The qualifications to become a temp is having a clean record and a finance/accounting/econ bachelors degree and a pulse. But on the plus side, they don't dare expect you to log more than your 8 hours (+30 minute lunch) a day. Even the jerks there respect that.

    Cons

    Temps are usually ignored or basically given permanent employees' work when they are too busy or too lazy to do. I don't really ever have any contact with the team leader unless there's a serious problem with a project. Some won't bother to learn your name or even address you as something other than "temp". Some people will treat you like a gopher or an idiot but with that said, there are some genuinely nice permanent employees - they just can't do anything for you or are too busy to give you guidance. I think in order to get anything out of this fairly miserable experience, you've got to be a self-starter, that is learn the terminal as quickly and as deeply as possible as it's widely used out there in the finance world (Mike Bloomberg didn't get to be a billionaire for nothing) and learn from ADSKs to see what outsider Bloomberg Terminal users use the terminal for (You will probably benefit from your exposure to Bloomberg on the inside when you inevitably have had enough and lead). Your skills will go unnoticed - all of them. They hire entry-level permanent employees in this order: Interns, outside applicants and then temps. Know one thing for certain: this is only a stop-gap. You pretty much have zero chance to advance. After a month or two you'll be searching for jobs. So sorry to be a downer but it's best you know all this in advance.

    My commute is really bad, but even that can't be blamed on the company.

    Advice to ManagementAdvice

    Don't just look to outsiders and former interns for permanent positions. You have temps right under your nose ready and willing to help your business to grow. It is a humiliating and demoralizing experience when you see the absolute morons and jerks in permanent positions succeed and you get passed over and over for an opportunity to become a permanent employee.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Company Review

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

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

    Pros

    Energetic, learn a lot, snacks, atmosphere, intelligent people

    Cons

    lack of career growth, bias opinions, long hours, favoritism, lack of encouragement from team leaders/product managers

    Positive Outlook
    Approves of CEO

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