There are newer employer reviews for Bloomberg L.P.

2 people found this helpful  

open environment, good knowledge sharing, nice people

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

I have been working at Bloomberg L.P.

Pros

fancy office and you are allowed to show off by inviting personal gusts anytime.
Work-wise - trading floor environment, no privacy - which is good, as you see your coworkers and share. they pay for your exams you passed them. decent compensation package.

Cons

as company grew - so did bureaucracy. very often you just waist time on absolutely unnecessary and annoying things.
no mater how hard you work - you not gonna get what you 'think' you deserve - the only way is to either move to another department or to a different employer.

Advice to ManagementAdvice

you want employees to be flexible - so allow they to have flexible schedule as well.
switch to 8hr/day instead of 9hr/day

Approves of CEO

1193 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 9 people found this helpful  

    You can come in any time you like, but you can never leave ...

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

    I have been working at Bloomberg L.P.

    Pros

    Great Benefits Package
    Smart and stimulating colleagues
    Opportunity to learn about the world of finance.
    Regular working hours after you have been here for a while(more or less)
    Pay is good in good years. At the first sign of a lean market the incentive pay is disproportionately reduced.
    Great place to stay if you have kids and need an easy job to coast through or are waiting to collect social security.

    Cons

    Technologically in the stone age - hence once you are here for a while it is very hard to get another tech job outside as your skills deteriorate.
    .
    Absolutely no opportunities for growth. Management does not really care about growth of their employees - they just provide lip service with all the latest initiatives as they have to tackle the alarming attrition rate.

    Senior management is very old school and does not know how to run a 21st century knowledge shop. It is a very 1980's mafia style work culture. Loyalty and appearance of loyalty is prized above everything else. New York Times called it a 'digital white-collar sweatshop'.

    There is no thought given to software processes - it is a single minded focus to get stuff out to clients as fast as possible without regards to quality. As a result the product is a hotchpotch mix of applications which no one understands how to use. In their rush to get products out they have made some really bad software decisions which they have then spent man-decades correcting.

    Advice to ManagementAdvice

    Umm, right like they will listen.

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    Amazing Company

    • 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

    The culture and colleagues make it a great place to work. good pantry. fresh food and free coffee. fast pace working style is pretty wall street style. expanding firm.

    Cons

    less opportunities to grow. hard to get yourself promoted. Pay raise slowly. Reward less for exceptional work, and treat people more equally.

    Advice to ManagementAdvice

    Create grown opportunities for new talent, Make sure to take care of career progression for employees! More frequent feedback would also be a good idea. (Also maybe move away from the metrics system?)

    Recommends
    Approves of CEO
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