Bloomberg L.P. Reviews

Pros

Diverse company
Active in the community
High energy
Lots of opportunity

Cons

Unclear path to higher compensation

Advice to Senior Management

Make things a little clearer with regards to compensation and peer comparisions

Pros

There's a lot of media reports about working at Bloomberg, especially in the news division and most of them are exaggerated. A lot is expected, but comp is based on performance - not seniority.

Cons

Long hours (although not as long as reported). There is pressure to get work done quickly at times. There has been a cut back in expenses.

Advice to Senior Management

My advice would be to keep it up with expansion plans. Bring in more seasoned reporters. Increase branding by buying the naming rights of a baseball stadium.

Pros

It is a great name to work for and will certainly bring in a good reputation. There is always an opportunity to learn more and take advantage of different career paths.

Cons

The compensation, especially when you are moving up withing the company, does not keep to industry expectations. Management can be a hit or miss and truly makes your career here.

Advice to Senior Management

It is great to find new ways to entice employees and keep great talent, but first you have to get to know them.

Pros

Competitive pay
Introduction to finance - market players ect
Pantry

Cons

Too many people in analytics trying to get into IB. This can lower team moral

Advice to Senior Management

N/a too early to say

Pros

Pay is decent when factoring in bonuses
Benefits are better than most employers in the financial industry
Work Life Balance is acceptable

Cons

Upper Management does not communicate to employees and often makes decisions "in the dark" that do not make sense
Policy is not applied equally to all departments specifically work from home
Management promotes from within based on politics and not abilities or knowledge
Favoritism is common practice

Advice to Senior Management

Start hiring senior executives from outside the organization as these individuals can bring vast knowledge and experience that is typically missing in most departments

Pros

The young and vibrant employees, the free food, the perks like free tickets to concerts

Cons

Very hectic and demanding lifestyle, work on weekends, horrible bosses

Advice to Senior Management

Choose team leaders wisely and very carefully - it might make or break your company's future success

Pros

If you feel the need to get a Big Name on your resume, like I did, you could hardly go wrong with this company. There is an army of smart people working here.

Cons

Unfortunately, the business has accumulated incredible of bagage around software development and the byzantine terminal always yields less information then you would expect. It's a small wonder that any development takes place using those archaic systems.

Advice to Senior Management

Complexity kills. This has been recognized in building a newer version of terminal, but the core of the complexity process is still out there. The only way is to expose more of the data API, so smaller companies will consume them.

Pros

Great offices, good investment by the company in infrastructure, support given to some employees is outstanding. Salaries tend to be better than average and benefits package is very good.

Cons

The 'Bloomberg Way' is never explained, just referred to. Your face fits or it doesn't. Senior managers are given too much freedom to be petty and antagonistic if that is their way.

Advice to Senior Management

Good people management skills should be valued and taught.

Pros

Good benefits package
Snacks
The people who are not in any "leadership" roles

Cons

Meaning of leadership is lost on TLs and PMs
No room for advancement
A lot of self-important people

Advice to Senior Management

Get over yourselves and realize that people matter; quit with this metrics stuff.

Pros

Good office, location, and pantry.

Cons

Low Salary.
No merit based promotions, all based on how well your manager likes you.

Advice to Senior Management

Please promote people based on skill.