Bloomberg L.P.

  www.bloomberg.com
  www.bloomberg.com

Bloomberg L.P. Reviews in New York, NY

Updated November 13, 2014
Updated November 13, 2014
1,233 Reviews
3.5
1,233 Reviews
Rating Trends

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Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
690 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

524 Employee Reviews Back to all reviews

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  1. 2 people 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
  2. 3 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
  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. 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
  9. 2 people found this helpful  

    Senior Programmer

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

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

    Pros

    good package and well take care of employee

    Cons

    somewhat over-work under paid. busy. overnight call

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Bloomberg provided a great first job right out of college.

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

    I have been working at Bloomberg L.P. full-time (more than 3 years)

    Pros

    The people and the culture are what makes this a great place to work. I have made amazing friends and they are why I have stayed at Bloomberg through the years. It is also a great work schedule and I am able to enjoy a work-life balance that many of my peers at other companies cannot get.

    Cons

    There is limited opportunity for career development as well as very limited earning potential. It is a "comfortable" place to be - little risk, but also little reward.

    Advice to ManagementAdvice

    Provide more opportunities for career development and reward good work/results better. There is no real incentive to do more than meet the status quo. You are not retaining some of your best people because they cannot grow professionally nor can they make as much money as at other firms.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Smart people, but not always great managers

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

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

    Pros

    The perks and benefits were great. Open floor, transparent meeting rooms and stable software makes collaboration easy. Smart people worked there and I learned a lot.

    Cons

    Promotion can be difficult, managers showed favoritism or had crazy standards that made advancement difficult no matter how many ideas you came up with or how many hours you put in. Some of the leaders were not so great but no one, not HR nor their managers, seemed to care or want to do anything about it.

    Advice to ManagementAdvice

    Listen to the number of employees who bring up issues about their manager. If a lot of people bring up the same issues, there has to be something to it.

    Recommends
    Neutral Outlook
    No opinion of CEO

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