Bloomberg L.P.

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7 people found this helpful  

Run! Or you will be sorry for yourself and the time you spent there

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Equity Fundamentals Analyst in Princeton, NJ
Former Employee - Equity Fundamentals Analyst in Princeton, NJ

I worked at Bloomberg L.P. full-time (more than 3 years)

Pros

Flexible hours, open kitchen in Skillman office (do not trust people who says it is “free food” – it is part of your compensation. Company estimates that they spent $4600 annually on you and now even mention it in annual compensation statement. But they should be given credit for liberating you from your weekly grocery shopping and a task of finding something to eat in your empty fridge when you are late for the work), great place to start your carrier when you are just out from college and cannot find a job ANYWHERE because no one needs your business major and, let’s face it, you learned nothing in college, annual summer parties that are actually are not so great as they used to be when company was smaller

Cons

Your immediate manager has no idea what he/she is asking you to do. Majority of team leaders got to their warm seats through internal politics, who-likes-whom, who-sucks-whom, est. That “majority” will make every effort to be the first when something is wrong but the last in there is success. There is no business plan, no one looks at the head counts or time budgets, you will receive absurd requests with unrealistic targets and forget about 40 hours work week. At the same time you cannot officially work extra - you cannot work on Sat/Sun but "find time during your day".
The same is about your “outstanding” peers – good honest people who really know the stuff are either already left or looking to leave shortly, except for those few poor souls who cannot move for external reasons. Those praised by TL’s are really working their tail off to get out to other department and will have no problems to eat you, if you are seems to be a potential competition. You will experience capitalism there at its best.
And it is not my subjective opinion – the fact is that out of those people whom I started with not long time ago, only 7% are still with the Team. I didn’t hear if anyone is sorry about leaving/losing Bloomberg. Think about it

Advice to ManagementAdvice

Stop reducing cost through labor - clients are laughing at your quality and expertise.
Fire all low-mid level managers - they are destroying company form within

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

1249 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1.  

    IT?and Finance

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

    I have been working at Bloomberg L.P. as an intern (less than an year)

    Pros

    great location in New York city, have access to everything. get a great insight into the process of developing large software project and the capital market.

    Cons

    lunch break is short , comparatively intense schedule. Higher cost than working in other cities. Maybe too crowded if you are a quite guy.

    Advice to ManagementAdvice

    so far so good, actually don't have many chance to meet high level.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  2.  

    Good Place For Software Developer.

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

    I worked at Bloomberg L.P. full-time (more than 3 years)

    Pros

    Well run, great business to be in.
    Great Benefits.
    Fast paced work environment.

    Cons

    Technology can be hit or miss.

    Recommends
    Positive Outlook
    Approves of CEO
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