Bloomberg L.P.

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

1 person found this helpful  

Work hard, ask for opportunities, and you'll be rewarded

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

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

Pros

*Overall compensation is actually quite good, especially for college grads, and exceptional employees can get raises approaching 20% for the first several years of their employment
*Benefits are outstanding. I do not know anyone else who works for a company that pays 100% of the premium and, for example, two different ophthalmologists remarked to me that I had one of the best vision plans available. Vacation time is very good too--20 days plus 9 public holidays. Compare that to Amex: only 23 days total for employees with 0-4 years of tenure. Sick time is unlimited, but be careful with that--managers are hyper sensitive to abuse (rightfully so). Only con with vacation time is that there's little opportunity to grow this--employees with 10+ years get a bump to 23 days, plus public holidays, but that's the max.
*Ample opportunity to move to a new role, although roles in Princeton office are not a varied as the 1,000 employees might suggest
*Bloomberg isn't afraid to promote young, enthusiastic employees. There are employees who have been with the company for 20 years, but there are plenty with 7 or so that are being groomed as future leaders. Bloomberg truly is a meritocracy.

Cons

*Smart employees who don't take initiative can be overlooked & remain in existing job for years
*Annual bonus is a significant portion of overall compensation; raises tend to be more concentrated in bonus than in salary
*Relatively limited number of advancement opportunities without moving to headquarters in NYC
*Flexible work arrangements allowed, but, in reality, are frowned upon. Work from home is permitted on a limited basis, even for "trusted" employees
*If you want to be taken seriously and get ahead, you cannot work a 9-5 (min 50 hours/week)

Advice to ManagementAdvice

Continue to focus on career paths and helping employees to achieve long-term career satisfaction. Recognize that the NYC office offers ample opportunities to employees, but all other offices pale in comparison

Recommends
Positive Outlook
Approves of CEO

1245 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1.  

    Great place to start or end a career, but not in the middle

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Global Data Intern in Princeton, NJ
    Former Employee - Global Data Intern in Princeton, NJ

    I worked at Bloomberg L.P. as an intern

    Pros

    Great place to start a career, excellent work/life balance, beautiful offices (Princeton & NYC), free food at princeton!

    Cons

    IMO - Doesn't seem to promote alot from within - alot of upper level management comes from Wall Street and not promoted from within

    Advice to ManagementAdvice

    Promote more from within

    Recommends
    Positive Outlook
    Approves of CEO
  2. 3 people found this helpful  

    It is a good company to work for

    • 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 an year)

    Pros

    The salary and bonus is great. Pantry with all different food wasn't best but was okay. Chances for career growth is good. And if you are eligible you will get reimbursement for tuition fees, that's a good thing.

    Cons

    You have to be workaholic. No work life balance. The later you leave every day the more your higher manager likes you irrespective of what you do.

    Advice to ManagementAdvice

    Loosen up the pressure from the employee. W/o a proper work-life balance, people end up being unproductive.

    Recommends
    Neutral Outlook
    No opinion of CEO
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