There are newer employer reviews for Bloomberg L.P.

Helpful (4)

Good name on resume

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

I have been working at Bloomberg L.P.

No opinion of CEO
No opinion of CEO

Pros

Fancy office
Good benefits and perks (free admissions to many museums in NYC)

Cons

Work is too deadline driven, as a result quality suffers.
No clear career path. You could work at the same position forever.
Senior management are mostly long time employees who are old style and don't believe in new methodologies. In order to become team lead or manager, you have to conform to their style.

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  1. Helpful (1)

    Great Company, but pay is not the greatest

    • 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.

    Approves of CEO
    Approves of CEO

    Pros

    Bloomberg is a great firm to work for. The people are really helpful and friendly. It is not cuthroat and competitve like the rest of corporate america. You do learn a lot at Bloomberg and can move around in the company. The benefits are good; 401K (50% match), Excellent Medical,Dental and Vision, 20 vacation days, 3months paid maternity leave, 3 months paid medical leave, and unlimited free food & beverages(continental breakfast, chips,cookies, fruits and raw veggies,soup, etc) in the pantries.

    Cons

    Overall compensation is very poor.
    Hours are very long.
    In some departments, small chance of upward growth.
    Extremely low morale. Very toxic environment.
    Poor senior management. They do not listen to their employees' feedback.
    Hire people with great titles and past experience who contribute very little to the business. Get paid a ton but basically do nothing.

    Advice to Management

    Work on compensation, especially for people who started right out of college and haven't been given large pay increases. Allow salary negotiation especially those who are strong performers.
    Stop micro-managing and focusing on tedious tasks . Allow your employees to do their work and be productive.
    Listen to your employees, many of them work on the front-line with customers. Their feedback is important and beneficial to the firm.

  2. Helpful (3)

    Good job for recent college graduates

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

    I worked at Bloomberg L.P.

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Development and growth within your role. If management likes your idea, they will support you
    Excellent benefits package

    Cons

    Employee reviews are fickle (thought of as good one minute, awful the next)
    Poor Compensation
    No work life balance

    Advice to Management

    Promote employees to management who have the skills for it, not the sycophants

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