Bloomberg L.P. Reviews

Updated August 31, 2015
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Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
44 Ratings

Pros
  • They work-life balance here is great (in 69 reviews)

  • Some free food in kitchen pantry (in 173 reviews)

Cons
  • There is little work-life balance (in 34 reviews)

  • Mandatory, long hours for busy work (8a - 6p); lots of posturing (in 75 reviews)

More Pros and Cons

529 Employee Reviews

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  1. Helpful (6)

    Awesome Pay, Benefits, Management, Technically Behind the Times

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

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

    Pros

    Pay and benefits are top notch. If you go above and beyond, you will be recognized with huge bonus and huge base pay increase. Full family insurance paid with no employee contribution and a medical doctor in the building you can see for free. Incredible yearly party where a whole island is rented out with amusement park rides and free food -- great for family. Company really does good for society -- e.g. if you volunteer 40 hours, there is a "dollars for your hours" program that can donate $5000 to that charity.

    Cons

    Technically, seems sort of behind. Half the code base is Fortran. Bizarre restrictions on things like Boost. Low level C++ libraries are high quality, but higher level code is a mess. In many teams, you might spend hours each week just trying to get your code to link because all the libraries are changing underneath you all the time. The databases and GUI are bizarre proprietary stuff that are a pain to use and these skills are useless outside of Bloomberg. The email and proprietary issue tracking systems are terrible, with basic things like word wrapping not working reliably. If you like finance and high salary, you might look past these shortcomings.

    Advice to Management

    Allow the Boost Library. Ask John Lakos to stop preaching how beautiful the low level libraries are, look at what developers are actually spending their time doing, and help make the high level stuff less of a big ball of mud.


  2. software engineer / team lead

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    good perks, good compensation for top performers

    Cons

    sluggish to implement new technologies, strong resistance to the unknown


  3. Helpful (1)

    Need a little bit more to be world class

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in New York, NY
    Former Employee - Senior Software Developer in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than 5 years)

    Pros

    Firm level: Top benefits, good pay. The company takes care of its employee. Good health insurance plan that cover whole family without a penny from you. On site doctor, large pantry, free snacks/breakfast. The most missed is the corporate event, which includes summer picnic and big apple circuits. (My kid is already complaining that we cannot go there due to the fact I left the job.) R&D level: Smart coworkers. Two 27 inchs monitor (This is important). Some of the infrastructure team's work is highly respected and appreciated. Engineers are allowed (or somewhat encouraged) to move internally to build a career. (Comparing before and after this policy, I felt managers are less likely to mistreat their reports)

    Cons

    Firm level: Terrible "stupid" hiring policy (this is not confidential anymore, search on quora): the HR will throw out the resume without looking if the candidate was a former Bloomberg employee, or even worse, that this person had declined an offer from Bloomberg before. (How are you going to compete in such a competitive market for tech talent?) Performance review is stack ranking based and the managers have the full say. As a result, employees are discouraged to share knowledge, but fight politics internally to be close to the managers. Individual contributors are less likely to disagree with the managers/TLs' idea. Wrong person get promoted/demoted time to time, not because of performance, but as a result of political matter. R&D level Poor software practice in the R&D, where almost non-existence of the automated software testing (not even at the unit-test level). The company encourage employees to be innovative firm-wide, however in practice, engineers are discouraged (indirectly) to innovate due to fear of breaking things. I personally knew at least 2 engineers were fired due to the production bugs they created. From my knowledge, the most senior managers in R&D are technical with some of the good visions. However, many of the mid, mid-senior level managers, are not technical at all. These people are usually the decision makers and I saw many missteps in the decision making progress during my 5 years there. Lack of developer productivity tools. Most engineers are still on vim/emacs and at the time I left, there's not a fully integrated SDK available. Eclipse is used, as only an editor.

    Advice to Management

    Firm level: Throw out the stupid rehiring policy. (I'm never intended to come back, but this policy is truly laughable.) Bring more transparency in the performance reviewing process. R&D level: Introducing a firm-wide software practice, (naming conversions, unit test, check out "The Joel Test“). Invest more (way more) in developer productivity tools.


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  5. Reporter

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    Incredible learning experience and un-matched committment to continued education and training. Great offices and world-class technology support.

    Cons

    Writing/editing be too rigid/formulaic at times. Fresh thinking is not always welcome on some teams/roles. strategic direction is not entirely clear.

    Advice to Management

    Focus a bit more on quality instead of quantity. A lot of "news" simply isn't all that newsworthy and the resources required to chase it could be better spent going much deeper on the stuff that really matters.


  6. Love it

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time

    Pros

    Great snacks, wonderful culture, amazing office and workstations, smart people and most of all, interesting work.

    Cons

    What to do when product manager and tech manager doesn't see eye to eye.. A lot of arguing and awkwardness for everyone else. Ticketing system is confusing, many functions on the terminal are far from intuitive.


  7. Not a bad entry level job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. (More than a year)

    Pros

    Great benefits, decent salary, lots of young people which makes it easy to network and get engaged in social activities. Very laid back and easy going management.

    Cons

    The work is mind numbing if you don't take advantage of opportunities. A lot of politics when it comes to getting things done. High turnover.

    Advice to Management

    Promote from within and develop your young talent.


  8. Helpful (1)

    Great place to work, may be too big for some

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    Great benefits, work from home, flexible schedules, and family benefits. Great environment, open and collaborative.

    Cons

    Good management generally, but middle management and lower are not trained well enough or are promoted too quickly and cannot manage effectively. Creates silos and morale reduces.

    Advice to Management

    Change is difficult but necessary. Train all levels of managers frequently and consistently to be effective.


  9. desktop support

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Desktop Support in New York, NY
    Current Employee - Desktop Support in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time

    Pros

    Great place to work and develop your career.

    Cons

    Too much emphasis is placed on meeting metrics and it tend to compromise on quality of work.

    Advice to Management

    Find the right balance between metrics and the development of your staff.


  10. Helpful (1)

    Project manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Los Angeles, CA
    Former Employee - Project Manager in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Good Hectic work and poor coordinates makes work life balance bad and sometimes tolling work makes frustrated so more work more tension

    Cons

    Hectic work and poor coordinates makes work life balance bad and sometimes tolling work makes frustrated so more work more tension

    Advice to Management

    Keep up


  11. Team Lead (Sales)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Total comp is good and they reward you well if you are at plan. Working with smart people is a pleasure at Bloomberg. Benefits are also excellent. Fast-paced, fun environment.

    Cons

    You have to manage up to get anywhere - not necessarily a bad thing.



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