Bloomberg L.P.

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2 people found this helpful  

Good to start your career, but don't get stuck there

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • 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. full-time (more than 10 years)

Pros

-Its all about looks here. Everything in the company is shiny and bright.
-Perks used to be very good but most of them have been removed

Cons

-Almost no growth potential.
-Impossible to get into management unless you are blessed by folks who have been there for over 20 years.
-No work life balance. You will have to take support calls after midnight, about 2-3 times a week.
-The skills you acquire here are of very little use outside.
-Join only if you are very political and want to work there more than 2 decades.

Advice to ManagementAdvice

-You guys know most of you talent has left in the last few years and you are the reason.
-When was the last time you read any technical material.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

1330 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1.  

    Good 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

    Tons of opportunity for career growth
    You don't have to be a manager to be important
    Lots of smart people
    Fun environment

    Cons

    Lack of flexibility
    fear of failing and punishment keeps people from speaking up

    Advice to ManagementAdvice

    NA

    Recommends
    Approves of CEO
  2. 4 people found this helpful  

    Previously small fast-moving company that has become a huge lumbering dinosaur

    • 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.

    Pros

    Pay is incredibly better than most places, so employees become very loyal to the company.
    Free food and interesting office environment.
    Great benefits and perks.
    Generous parachute package when they terminate you.

    Cons

    No communication between bloated departments and managers; too many layers of supervision.
    MIcro-management of time and roles keeps workers feeling oppressed.
    No recognition for extra effort.
    Total disconnect between annual review rating and compensation. No matter how hard you work, and no matter how well your annual review goes, compensation and bonus levels have already been decided in advance and seem totally unrelated to performance.
    Some of the most-clueless workers end up in charge. Talent does not equal growth. We were always told that "Bloomberg is a meritocracy" but many workers end up stuck in the same position for many years.

    Advice to ManagementAdvice

    Pretend you're a small company again and start respecting the workers who got you where you are today. I was suddenly let go after close to 20 years with the company and so am a bit bitter with being dumped after devoting the best years of my career to them. Everything changed for the worse when MB became Mayor and the company hired a bunch of suits to run things. Turned from a very nimble organization to just another overly-bloated-with-middle-mangers corporation.

    Disapproves of CEO
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