Bloomberg L.P.

  www.bloomberg.com
  www.bloomberg.com
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12 people found this helpful  

I am trying very hard to forget the years I worked at Bloomberg

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - R&D Programmer in New York, NY
Former Employee - R&D Programmer in New York, NY

I worked at Bloomberg L.P.

Pros

- Comprehensive training on the finance world and how money works
- Comprehensive R&D training for new programmers to help them get acclimated to their jobs
- Most teams are filled with programmers constantly striving to improve the products and the large code base they are working with (or in some cases, are stuck with).
- Management encourages teams to stick to 9-5 mentality except during the worst crunch periods, which are scarce.
- If you are ever forced to work late, there's free "night-time" company shuttles to get you quickly home & to your bed, no matter how far away you live.
- Good sexual and personal harassment training. Makes clear what peoples' boundaries are and where the law & the company stands on it.
- Good perks: Health & disability benefits, Gym Membership, Free Snacks to chomp on while you write code, most of them healthy.
- Decent company match in their 401k program.
- Occasional speaker seminars from big names in the finances and programming industry.

Cons

- Management favors certain subordinates over others due to personality traits, not ability to perform the job.
- Management focuses too much on time estimates & performance metric measurements, and too little focus on providing proper guidance to subordinates. Subordinates are often left in the dark on how to approach tasks correctly.
- Management often ignores subordinate accomplishments, and instead focuses on their mistakes, using them as a verbal & written weapon in yearly reviews, resulting in managers looking good to their managers, while the subordinate is demoralized. Management is also poor on properly suggesting how to help a subordinate fix or resolve mistakes.
- Too much focus on code "appearance" policies, and not enough focus on testing the code people write. It is almost as if management wants programmers to release mistakes to customers so they can blame the programmer when something goes wrong.
- R&D Training at the time I was an employee was almost 3 months long, with much of the material not even relevant to the job itself you get once you're done with training. There is clearly some miscommunication between the Training Instructors and the Programmers.
- Skilled programmers are often "promoted away" from programming into management, even if they are not good at managing people.
- Business is too focused on short-term quarterly earnings and refuse to let programming teams invest time on projects that could improve the company over the long term.
- Programming teams within company are too isolated from each other with almost no inter-team communication and very little lateral movement between teams. Every team appears to be "trying to do everything themselves".
- Depending on which group you're in, you could be stuck with "mundane code maintenance" instead of the more interesting job of coding new or enhanced features in the company products.
- Too many proprietory technologies. If you work here for too long, then leave to work elsewhere, you often end up "relearning" equivalent technologies.
- Even if you get a good yearly review, your raise is typically lower than the increase in overall cost of living in the New York City area.
- One nice manager I had was "banned from the floor" of a different programming group for catching bugs in their product & bringing it to their attention. People shouldn't be punished for doing the right thing.
- Typical workspace environment is full of hundreds of people (with no walls or cubicles) and can get very noisy. 10 people chatting is no big deal, but 100 people chatting is distracting when you're trying to code & rushing to make a deadline. Be prepared to be most productive in the late hours, after most people gone home, or at the very least wear some headphones with music playing to tune them out.
- Managers and business groups peer-pressure employees during company parties to "get in" on their mentality and whatever activity they're up to. If you disagree with what they're doing due to ethical or religious reasons, or you "don't get" what they're up to, you are immediately made fun of and ostracized.

Advice to ManagementAdvice

Management needs to properly motivate subordinates and help them improve, and focus less on emphasizing their mistakes and demoralizing them. Through habitual destructive criticisms, management successfully made me believe I was a bad programmer and a bad person. I was later surprised at the next company I worked in to learn that none of this is true. It took a lot of therapy to remove Bloomberg management's effect on me. Also, the programming teams should cooperate a little more with each other, and this can reduce some of the inefficient redundancies. I can go on & on all day with more advice to management, but most of it is properly summarized in the con section.

Doesn't Recommend
No opinion of CEO

1246 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 2 people found this helpful  

    An unusual great place to work

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

    I have been working at Bloomberg L.P.

    Pros

    -great perks ( free drinks, bagels, fresh fruit' snacks & occasional gourmet dinners)
    -Fantastic benefits package...only few other big companies match ( apple, Microsoft, Facebook)
    -4 weeks of vacation to start!
    -Hard work...unless why would you want to be here?

    Cons

    -long hours, during project launches (I'm nitpicking here...comes with the territory)
    -Allow the elevator to stop on the 4th floor!!!! (inside joke), but very valid critic.

    Advice to ManagementAdvice

    None so far...haven't been around long enough

    Recommends
    No opinion of CEO
  2. 4 people found this helpful  

    Backwards technology, unambitious employees

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

    I worked at Bloomberg L.P.

    Pros

    the pay and the name.

    Cons

    very mediocre employees, no guts. This isn't sell side, this isn't buy side. It's just back-office. A lot of churn for new employees in the company, the lifers there obviously are just clocking the hours. Also I might add way too many indians and asians in the technology area. Hard to get communicate through their thick accent sometimes.

    Advice to ManagementAdvice

    Stop treating it like a 9-5 job and then panicking when its crunch time.

    Doesn't Recommend
    Disapproves of CEO
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