Bloomberg L.P. Reviews

Updated March 31, 2015
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3.6
1,362 Reviews
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Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
748 Ratings

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 Pros and Cons

Employee Reviews

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  1. BLP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • 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

    Excellent benefits, culture, office space, and people.

    Cons

    Seem to give out The standard 3% cost of living raises.

    Advice to ManagementAdvice

    Need to figure out how to better comp employees.

    Recommends
    Positive Outlook
    Approves of CEO
  2. No titles at BLP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bloomberg L.P.

    Pros

    Great firm, great people. You build your path

    Cons

    No work from home. Really only con

    Recommends
    Positive Outlook
    No opinion of CEO
  3. 2 people found this helpful

    Demanding work, but pays well

    • 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.

    Pros

    Beautiful office, great pay, good health benefits, free snacks, encourages participating in social causes, smart coworkers, lots of holiday days. Definitely a great place to work.

    Cons

    * issues with working from home
    * a lot of artificial deadlines and emergencies
    * getting increasingly bureaucratic as it grows
    * very senior management does not care about lower level

    Advice to ManagementAdvice

    * reduce the growing bureaucracy
    * make moving between teams easier
    * increase team spirit, and do not reduce perks that employees have gotten accustomed to as it reduces enthusiasm

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. A workplace full of highly competitive colleagues!

    • 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 8 years)

    Pros

    great 4 months of training classes for the new junior hires.
    free coffee, breakfast, lots of snacks and fruit.
    innovative and never settle for less.
    generous to community and charity.

    Cons

    huge legacy code base that will take years to deprecate.

    Advice to ManagementAdvice

    soup always runs out fast before lunch hour.

    Recommends
    Positive Outlook
    Approves of CEO
  6. Very much enjoyed my experience.

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

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

    Pros

    Vibrant environment with an excellent training program. Great colleagues and a great brand name for future growth. Salary, benefits and bonus were what I expected. Great time off.

    Cons

    High management turnover/rotation make it difficult to build that relationship.

    Advice to ManagementAdvice

    Looking to promote within would likely lead to better results. Outside talent takes way too long to on-board to be effective in their role in the time they're given.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful

    Quantitative Researcher

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bloomberg L.P.

    Pros

    excellent work life balance, continuous improvement

    Cons

    sometimes things go at their own pace

    Recommends
    Positive Outlook
    No opinion of CEO
  8. 4 people found this helpful

    Great company to work for if you are smart, engaged and outgoing

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

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

    Pros

    I worked at Bloomberg for over 8 years. I was able to move to different departments. If you do a good job and they like you as a person, you will definitely be well compensated. Compensation and bonus depends on how much profit your department makes though. If you are smart and a go getter, it is easy to move up the ladder to become a team leader or manager. People who work there are really nice and helpful.

    Cons

    People who have been there a long time and complacent are being "let go" and replaced by younger people for half the price.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful

    Toxic hostile work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bloomberg L.P.

    Pros

    Good benefits, beautiful building with lots of sun, free snacks.

    Cons

    Managers who have no idea what they are doing or how to show value in anything they do. Literally fabricating numbers out of thin air that make no sense. Ancient archaic systems that don't communicate with each other so lots of time consuming handwork rather than automation because the systems built are old and inefficient. Everything there causes you to work longer hours because its so inefficient. Everything is done via a ticketing system that actually stops people from communicating like human beings. Blatant favoritism is rampant. Male chauvinist piggy environment. Little minority representation in management. Ageism, many people let go all over 50. Tons of spin cycle because business leads don't know what they want. Badly written non approved briefs meant limited resources were spin cycling for nothing. They will tell you over and over that you suck and that you did this wrong, even if they guided you down the wrong path. They don't want to hear your solutions, they want to cling to their dysfunction like its a life line. Seriously limited resources so can barely get anything done. Nasty nasty sarcastic directors that have no idea how to talk to people and get the most out of them. Rule by fear not by respect. Microphones hanging from ceilings to listen on your conversations. God help you if you have critical thinking and speak up. You'll be knocked down, and the system will chew you up and remind you that resistance is futile. Extremely bad morale, everyone looks horrible because there is no life work balance. Everyone is scared as its a culture of fear so lots of bad behavior and throwing of people under the bus. Constantly changing the system and organization so nothing ever is given enough time to make it work. Changes are made with no notification, no outlines or workflow charts. Chaos ensues and time and resources are wasted.The metrics are a joke because the databases they pull the numbers from are poorly thought out so garbage in garbage out. Numbers are meaningless.

    Advice to ManagementAdvice

    Check the math behind the numbers of business and staffing plans, you'll see no one is behind the curtain. Find out how someone can be a manager and not know how to use the system that their direct reports use.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. Great learning environment and benefits but politics and management strategy create stagnancy and frustration within

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

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

    Pros

    Benefits are spectacular, good pay, tons of opportunity to learn if you would like. It is a great place to move into different areas in your career. Working here can catapult your career in many directions if you work for it.

    Cons

    Accountability is lacking and results in lots of employees that add minimal value but have been "lifers". This also leads to product development plans and rollout being completely mismanaged and oftentimes never even happening.

    The environment is very political and frequently feels frustrating and stagnating because of this.

    The lack of a sound top-down strategy in many different groups cause in-house competition, duplicative development efforts and in fighting as managers try to protect their piece of the pie.

    At times, the company doesn't appear to trust employees with their time. No opportunity to work from home.

    Open office environment with little opportunity for privacy if needed and results in constant interruption.

    Because of this talented people who care feel like they shouldn't stay despite what could be a great place to work with some honest changes.

    Advice to ManagementAdvice

    A hard look needs to happen across the organization to come up with a thoughtful top-down strategy. The company cannot continue on the path where departments that significantly depend on each other's products poorly collaborate and in effect compete with each other for short term gain rather than long-term progress.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful

    Not what I expected

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

    I worked at Bloomberg L.P. full-time (less than a year)

    Pros

    Free food. Get to work with the terminal. Employees are friendly and helpful.

    Cons

    Position was supposed to be as financial analyst. Turned out to be nothing more than data mining and copying pasting on excel spread sheets.

    Advice to ManagementAdvice

    Don't mislead people into thinking they're working as financial analysts. Give employees more opportunities to show their skills.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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