There are newer employer reviews for Bloomberg L.P.

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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
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  1. Aggressive Culture

    • 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. full-time (more than a year)

    Pros

    Pretty aggressive, and you can learn a lot

    Cons

    People relationship is too complicated. Not good for engineer experts

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2. Good and stable company to work for

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

    I have been working at Bloomberg L.P. full-time (more than a year)

    Pros

    Benefits are nice, location is good, plenty of work, can learn new stuff

    Cons

    too much "paperwork" to get things done

    Recommends
    Neutral Outlook
    Approves of CEO
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