Bloomberg L.P. Employee Review

Former Employee – worked at Bloomberg L.P. full-time for 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 Senior Management – 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

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company