There are newer employer reviews for Bloomberg L.P.

1 person found this helpful  

working is ok

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

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

Pros

good pay, good benefits, very good location

Cons

long hours too many times, cannot be considered an easy job, also depends on the group u land into. very top to bottom management because of finance roots

Advice to ManagementAdvice

ease up.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

1162 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 2 people found this helpful  

    Not a place for good programmers. Hacking is encouraged.

    • 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 for more than 3 years

    Pros

    Fast-paced work; Dull moments are rare. But that's becase ... (see "Cons").

    Cons

    Bad programmers abound. Emphasis is on rolling out software that's quickly written and does its job with no concern for software standards. I'm amazed how much untested software is rolled out to customers every week. Customers are used for testing.

    Very political atmosphere. Top management encourages competition between different teams, resulting in vitiated atmosphere.

    Company has grown very big and is dragged in different directions

    Core product ("The Terminal") has hit a plateau and things will be difficult unless radical innovations happen.

    Advice to ManagementAdvice

    Allocate more time to each project and build a better product. Have a long-term vision of what your product is going to be and stick to it.

    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 for 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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