Bloomberg L.P. Reviews in New York, NY

Updated September 13, 2014
Updated September 13, 2014
1,162 Reviews
3.4
1,162 Reviews
Rating Trends

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

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

506 Employee Reviews Back to all reviews

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  1.  

    A culture like no other.

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

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

    Pros

    Ability to truly excel and climb the ladder if you're willing to put in long hours and hard work.

    Great mentors; great leadership.

    Amazing office in mid-town east - a true media hub.

    Cons

    Low salaries compared to other corporations.

    Advice to ManagementAdvice

    You'll keep the higher caliber talent longer if you pay them better.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Fun environment, lots of perks

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

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    Office culture was great - lots of fun people and a dynamic environment. The building is set up to encourage random interactions, which keeps things vibrant and exciting. Most people love to work for Bloomberg, and they show it. Bloomberg encourages internal growth, but my department was changing locations, and I wasn't lucky enough to be get a job within BLP. Great benefits, great pantry, great summer picnic.

    Cons

    There was some secrecy when changes were occurring in my department, which put a damper on the morale, but this could be at any job. My department moved out of state and I didn't want to move, so my options were limited. I wish I could've stayed. I loved it there.

    Advice to ManagementAdvice

    Be more transparent when there are changes. Don't bite off more than you can chew. Try to retain your experienced/educated employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Great place to work

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

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

    Pros

    Highly dynamic
    Very open culture.
    Less bureaucracy
    Talent and good ideas are always promoted
    Takes very good care of the employees

    Cons

    Need to be able to sell yourself properly to get any recognition

    Advice to ManagementAdvice

    Management needs to honestly think about providing proper career path to the individuals.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    very nice company to work for

    • 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 for more than 3 years

    Pros

    great people. free food, company paid health insurance

    Cons

    a lot of learning of the tools in the beginning

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Legal Analyst

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

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

    Pros

    Nice working environment, good work-life balance, friendly colleagues, good health benefits, free pantry full of drinks and snacks, fun summer party.

    Cons

    Difficult to get promoted, hard to have your ideas heard.

    Advice to ManagementAdvice

    Pay attention to talented people otherwise you'll lose them.

    Recommends
    No opinion of CEO
  7.  

    High pressure, highly demanding job with excellent pay and benefits

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

    I worked at Bloomberg L.P. full-time for more than 10 years

    Pros

    pay and benefits and excellent reputation for Bloomberg News

    Cons

    tedious work day glued to computer terminal.

    Advice to ManagementAdvice

    lighten up

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Very nice, but boring

    • 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 for more than a year

    Pros

    Bloomberg really takes care of its employees. The management is painfully nice and polite, and the pay is very generous for the work they have us do.

    Cons

    The biggest challenge for me was that the work was just so boring. The technologies used are ancient, and honestly, I hate the terminal. I did not appreciate having to use the terminal to get even the most simple tasks done. There's a culture of building everything in-house, and this is NOT a good thing. There are fantastic databases and email clients out there, but Bloomberg employees are instead stuck using some guy's afterthought side project instead of those functional outside products. It's a serious drain on productivity. Also, the process to move code to beta and production is extremely draconian and micro-managed. In any other company, I could accomplish in two weeks what it took me two months to do at Bloomberg.

    If you envision yourself having a "cushy" job and being a "lifer" and loving that lifestyle, you'll love Bloomberg. If you feel even a modicum of passion for your work (as a developer), you might want to think twice.

    Advice to ManagementAdvice

    Please, stop with the micromanaging "big brother" culture, and give us a bit more freedom to be creative.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9.  

    Mediocore

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

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    Good name recognition
    Decent industry exposure
    Strong benefits
    Fair pay
    Mike's returning

    Cons

    Micromanaged work environment
    Very strong political game even at low levels

    Doesn't Recommend
    No opinion of CEO
  10. 1 person found this helpful  

    Typical large organization

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

    I worked at Bloomberg L.P. as a contractor for less than a year

    Pros

    Lots of work to keep you busy. Free coffee, breakfast and snacks all day.

    Cons

    Typical large organization. After all, Bloomberg is a monopoly and management doesn't bother to develop creative product and processes for their customers. Their primary objective is to continue to squeeze out the most profits from antiquated products. If you are looking for a creative environment please stay away from this company. The "skills" you learn at Bloomberg are not transferable.

    Doesn't Recommend
    No opinion of CEO
  11.  

    A major force in financial journalism

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

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

    Pros

    Rigorous journalistic standards for accuracy. Good opportunities to move among desks. Training in finance.

    Cons

    Adherence to style rules can get in the way of clear presentation. Minor and inadvertent infractions taken too seriously.

    Advice to ManagementAdvice

    Don't give up!

    Recommends
    Positive Outlook
    No opinion of CEO

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