There are newer employer reviews for Bloomberg L.P.

8 people found this helpful  

Working at Bloomberg is like working on a deserted island that you will never get off and so far away from reality.

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

I worked at Bloomberg L.P. full-time for more than a year

Pros

If you like bureaucracy, lots of proprietary software development, tons of red tape in getting your job done than this is the place for you! If you have not fully developed your software development skills or like to pretend that you are something you are not, you can likely find your dream job at Bloomberg.

Cons

Any skill that you develop while working at Bloomberg as a software developer will be primarily, if not totally, useless to any company that you are looking to move to in the future. Maybe some of the high level skills of debugging and problem solving may be of value but working on proprietary relational databases, proprietary web services, proprietary UI and development tools not to mention out dated programming languages will get you nowhere fast. How a company of this size thinks that they can develop a relational database that is better than say "Oracle" with their millions of man hours invested in their product suite is simply foolish to put it lightly. This is a company that is so stuck in the past with their Fortran code still in use and their flagship product the "Bloomberg Panel" that looks like it was developed in the 1980's with its amber block character email system is just so unbelievable that a company would be so stuck in the past. Their client base is strictly based on the amount of data they provide and clearly not on their innovation of modern software . This a company where you have to fall in line with the management with decades of tenure that will do anything to keep the status quo and their job. By adding layer upon layer of nonsense they can keep building their kingdoms of drones and promoting themselves and their software keeps living in the distant past. It is also a place where big brother is watching you 24 hours a day. Every email that you write is read by security, every phone call that you make is recorded, their are cameras and microphones everywhere. You cannot leave the building unless you check out and security watches your every move. The big brother attitude is unnecessary and you have to wonder how it really helps their bottom line. Bigger companies with much more to lose do not spy this much on their employees. This place is a revolving door; where it looks so much better on the way out.

Advice to ManagementAdvice

Advice to upper management would be pointless as they exist in a private bubble.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

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

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  1. 4 people found this helpful  

    falling angel: It was good company, but not any more.....

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

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    - Free sneaks (but the selection has become worse)
    - Nice office building in good location
    - More stable than investment banks and other financial service firms

    Cons

    - No privacy in the office
    - Small desk, no cubical
    - Cost cutting: benefit has been reduced year over year and getting worse
    - Slow growth
    - No more free medical insurance. Use to be free, but now the company charge insurance premiums.
    - High turnover. Many people leave within 2 year or less.
    - very political place, very hard to get things done. Senior management does not want to take risk by invest in new projects.
    - flat structure, hard to grow.
    - Long working hour
    - Below market average compensation

    Advice to ManagementAdvice

    - Please treat your employee like human
    - Please consider the advice from your employee

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    diverse and fast paced environment. Constantly challenged to improve processes and yourself.

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

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

    Pros

    No titles so everyone is accessible. Everyone has the same 4 feet of desk space, 2--4-6 monitors, 3 drawers all in an open environment. You could be sitting next to a Pulitzer prize winning recipient, a genius and an average joe. The pantries are awesome, office ambiance is great. Lots of internal opportunities.

    Cons

    some non technical depts can develop silos. Can be big brotherish.

    Recommends
    Positive Outlook
    Approves of CEO
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