Bloomberg L.P.

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Bloomberg L.P. Reviews in Skillman, NJ

Updated October 28, 2014
Updated October 28, 2014
1,249 Reviews
3.6
1,249 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bloomberg L.P. President and CEO Dan Doctoroff
Dan Doctoroff
698 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

48 Employee Reviews Back to all reviews

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  1.  

    My time at Bloomberg has been a challenging, yet rewarding experience.

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

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

    Pros

    Great benefits, competitive salary, meritocracy-based culture, collaborative environment, transparent and trusting culture. The company is willing to take risks, but rewards its employees well.

    Cons

    Horizontal corporate structure, not much opportunity for vertical progression. Easy to get "stuck" in a role and remain stagnant for years.

    Advice to ManagementAdvice

    Management could do a better job evaluating the market and deriving targets from which its employees' bonus is determined.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    It is not a bad place to work.

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

    I worked at Bloomberg L.P. as a contractor (more than 3 years)

    Pros

    Friendly working environment, free food.

    Cons

    Not a good place to develop, unfriendly to working moms.

    Advice to ManagementAdvice

    Hiring very young, just graduated students is not a good choice.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Good place to start career. Tough to get out once there.

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

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

    Pros

    Great work/life balance. Good benefits and decent vacation. Free food each day which was pretty good.

    Cons

    Management doesn't have any fresh ideas because they refuse to bring in managers from the outside. Pay is below average but probably fair for the work and hours required. A great place to start a career but tough to get out once in. Most jobs don't transfer well.

    Advice to ManagementAdvice

    Get employees who know the products more involved with decisions since they are the ones working with clients each day.

    Recommends
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Temps will forever be temps....most of the time

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

    I worked at Bloomberg L.P. as a contractor (more than an year)

    Pros

    Experience with the Bloomberg Terminal and Free food.
    Great co-workers.

    Cons

    Hard to be noticed. Contract assignment very rarely turns into a full-time position.

    Advice to ManagementAdvice

    Show some appreciation to temp workers and take the time to share your knowledge and expertise.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Great place to jump start your career or settle down

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

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

    Pros

    Pantry
    Fast paced environment
    Intelligent colleagues
    High exposure to important industry players

    Cons

    Must be aggressive and actively seek opportunities for advancement as you define your own path. No predefined advancement path can lead to zig-zag careers if you're not careful

    Recommends
    Positive Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Free food, but boring place to work

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

    I worked at Bloomberg L.P. as a contractor (more than an year)

    Pros

    Free food, terminal experience, decent benefits

    Cons

    No opportunity for growth, limited skillset, very boring tasks

    Advice to ManagementAdvice

    Provide employees with more interesting tasks

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    It was a great place to work, everyone is really educated and polite, great workplace culture.

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

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

    Pros

    great cuture, mutual respect, really smart people.

    Cons

    I have no complaint, it was a great to work.

    Advice to ManagementAdvice

    none

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

    Neutral

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

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

    Pros

    Free food, Job security, Easy

    Cons

    Mundane and redundant
    no room for growth
    management is horrible

    Recommends
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful  

    One more hamster in a wheel...

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

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

    Pros

    Job security, learn some new things everyday if active, looks good on resume, free pantry, some nice and some very clever people.

    Majority of the jobs are, as somebody said, "middle class sweat shop" -type. They don't want any innovative thinking or world class abilities, and the jobs are pretty boring as is. Instead, you are supposed to keep your mouth shut, and run the outdated day-to-day process for less money than industry median managed by relatively incompetent management. Awesome option for people who search for a safe 9-5 day care, as B does not normally lay people off.

    Cons

    Poor salary, skills not transferable, many team leads are either inexperienced and/or not very bright, weak communication skills, normal 60-hour weeks are not justified due to low salary.

    The data jobs rely on non-transparent performance metrics and subjective manager evaluation, although transparency is one of the core values at B. Same applies to career prospects - there is no long term alignment of interest so that you would know that dedication and hard work will be compensated. Rather, you are offered horizontal repositioning to another same level job. Further, B is not a meritocracy - tenure over skills and abilities - which means that opportunity cost regarding staying at B for long term is far too high.

    In the beg. I did not mind about terminal being outdated. After a while though, it is frustrating that workflows are unnecessarily complex, buggy, user unfriendly, and 70% of your time you are working with menial tasks caused by these weak workflows. It helps if you are a 90's MS-DOS freak, as that is how the workflows still look like.

    Majority of the managers and team leads have mediocre skills/abilities or are outright dumb. Many employees have spent far too long at B, have lost touch with the changed labor market and/or industry, and are unable to recognize needed improvements even if served on a golden plate. Most employees have built their professional identity on the B's workflows, and unable to recognize or understand skills that new hires are bringing in from outside. They also have a major chip on the shoulder in case a new hire knows more, and you will be shot down really fast by telling how you don't know this and that workflow yet, as you have just started.

    Advice to ManagementAdvice

    - Been working at B for a less than a year and I am resentful already. Why?
    - Entire corporate culture is outdated. The world does not work top down anymore.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 4 people found this helpful  

    Depressing environment

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

    I worked at Bloomberg L.P. as a contractor (more than an year)

    Pros

    Slightly higher pay compared to industry

    Cons

    No career advancement, Old technology, ruthless management, very busy and highly stressful.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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