Bloomberg L.P.

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

2 people found this helpful  

Hard work. Top down management.

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

I have been working at Bloomberg L.P. full-time (more than 5 years)

Pros

Smart people, international colleagues, enough funding for reporting trips and congresses, nice office, good chances for advancement. Salaries good compared to other media. Very open to change, new policies or technologies are instituted very quickly. Young tea.

Cons

Very demanding atmosphere, output metrics seem to be arbitrary, top down management of stories. Strict editing. The Bloomberg Way is close to a cult book. Can be a bit inflexible. Focus on moving stock prices, not story quality.

Advice to ManagementAdvice

Give reporters some power.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

1231 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 4 people found this helpful  

    Good place to build your resume, and then leave

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

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

    Pros

    Fantastic learning opportunities/extensive training. You'll meet a lot of great people.

    Cons

    You won't make a lot of money, even when you bring in revenue. There's an arrogance from the top, that the lowly sales person doesn't make it happen that the brilliant product sells itself and you're fortunate to be there, so they judge you on petty metrics that don't translate to revenue.

    There's an enormous lack of trust, you're treated like a child. Big brother looms. It's reminiscent of 1984.

    Advice to ManagementAdvice

    Measure sales people success on sales, give people a sense of ownership and motivation, not a pat on the back and some silly award. Stop micromanaging people and have a little faith in the people that you hire.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Stable place to work for NYC (too stable, almost stagnant)

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

    I have been working at Bloomberg L.P. full-time (more than 3 years)

    Pros

    There are quite a few benefits of working for Bloomberg:
    * Compensation is quite competitive for NYC.
    * Work/life balance is generally good. In fact you won't see many people at work outside of normal working hours and none on weekends.
    * Benefits are quite good as well.
    * Company is stable.
    * There is no dress code for R&D people.

    Cons

    Most of the drawbacks are a consequence of Bloomberg being a big company:
    * There is a lot of bureaucracy. Decision making is slow and inefficient.
    * A lot of incompetent and inactive people in the R&D department. They come to pick up the check and there is nothing you can do about them.
    * Technology is old and outdated. Nobody cares that it kills productivity. It's considered acceptable that Bloomberg pays you enough money to tolerate working with old technology.
    * There is a desire to hire smart people, but once hired they are not trusted to make any decisions, but often micromanaged.
    * Management is generally inept and inefficient. Employees' feedback is generally ignored.
    * It's claimed that Bloomberg is transparent, but it's not the case. As an employee you have very little idea of what's going on outside your area of responsibility or any say on important decisions that might affect you.
    * Since I've been here very few people have been promoted. The situation looks stagnant.

    Advice to ManagementAdvice

    * Cut the bureaucracy.
    * Be more transparent and get employees involved in making important decisions.
    * Take more risk for greater reward.
    * Recognize and promote people that can get things done.

    Recommends
    Neutral Outlook
    No opinion of CEO
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