Bloomberg L.P.

  www.bloomberg.com
  www.bloomberg.com
There are newer employer reviews for Bloomberg L.P.

4 people found this helpful  

Highly stressful "big brother" culture, "subjective" reviews, "lifer" management with lack of leadership capabilities.

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

I have been working at Bloomberg L.P.

Pros

20 days of vacation, very defined roles, many people doing the same type of jobs.

Cons

Inexperienced managers, highly "micro-managed" environment where your hourly tasks are published on a firm-wide schedule where everyone can check what you are doing. Mandatory badge in/badge out system viewable by everyone at the firm. No one has a cubicle so expect to work in desks where you are side by side with colleagues. There are no cafeterias or places where you can eat lunch, strategically devised so you will have to eat at your desks. If you are someone who needs rigid structure and micromanagement, this is the place for you! Many "lifers" stay because the company rewards loyalty- the longer you stay at the firm, you will be incrementally rewarded, which creates countless "lifer" management who have little diverse expertise as they this is the same job they have held for 20 years since college.

Advice to ManagementAdvice

Be less risk-averse and experience another company other than Bloomberg.

Doesn't Recommend
Disapproves of CEO

1231 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 5 people found this helpful  

    Management lacks clear direction and the ability to effectively plan

    • 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

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  2. 3 people found this helpful  

    All stress, all pressure

    • 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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    No opinion of CEO
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