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There are newer employer reviews for Bloomberg L.P.

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Helpful (8)

In you are in software development - Run do not walk

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Software Developer in New York, NY
Former Employee - Senior Software Developer in New York, NY
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at Bloomberg L.P. full-time (Less than a year)

Pros

Health benefits are great. 401k, vacation time are better than average. Other than that there really are no pros to working at Bloomberg.

Cons

I worked at Bloomberg for about a year. From the time I started my marketability went straight down. As a developer you will become completely useless to any other company in short order. You will likely work with outdated things like Fortran, Cobol or even Bloomberg's proprietary RDMS. They actually think little Bloomberg can outdo Oracle with their millions of man hours invested. Management in software development is completely clueless about everything computer science related. This is a place where management worries about what time you come in and building little clicks to start problems where there are none. If something "bad" happens to any part of the software in your group be expected to have a meeting where 10% of the time will be spent on fixing the problem, 90% of the time spent on figuring out "who to blame" and 0% time will be spent on figuring out how to prevent it again. The place is run like big brother, security is watching you everywhere and the DO READ every email message you send or receive on your private email accounts - use your cell phone only! If you are unfortunate to have taken a position there you would be advised to keep your options open if another position comes along at another company. The longer you stay there the more damage you are doing to your career.

Advice to Management

Learn some modern day working environments for software development.

Other Employee Reviews for Bloomberg L.P.

  1. Helpful (4)

    Dead End career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Princeton, NJ
    Former Employee - Analyst in Princeton, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than a year)

    Pros

    The benefits are outstanding as are the offices with elaborate aquariums and cool looking conference rooms. There is also free food, but watch for the Bloomberg 15!!

    Cons

    Unfortunately when you get into the actual substance of this company an that's your job, there is a lot left to be desired. There is absolutely no career path at this company. They have an internal job board which they have recently promoted and made a big deal of but it does not help if the hiring managers are all on different agendas. It is very difficult for an employee to come to the company and create a PATH because most of the hiring managers are not looking to build and develop skills in employees. They instead want outside experience for intermediate type roles to better build products. They want to take knowledge instead of invest skills back into their own people. What that leaves younger employees with is a career that includes jumps around to numerous entry-level type positions or a career in sales. Those that recognize this are still left stuck as the skills they develop at Bloomberg don't necessarily translate to marketable skills in finance (learning how to input a DRQS is not marketable). My advice - if you are at all ambitious and want to develop a consistent career path, do not come to this company. Run, don't walk to that other opportunity if you can help it.

    Advice to Management

    Encourage managers and departments to work together to build a career path for your employees. Jumping to different entry level roles is NOT a path. Create an environment where the smart employees can develop a skill-set that is marketable. This will actually encourage them to stay longer, as they are feeling challenged while knowing what they are doing is not actually hurting their chances of getting another job one day. Feel proud that you developed talent instead of afraid they will leave (the smart unchallenged employee will always find a way to leave).


  2. Helpful (1)

    Oasis among Financial Companies

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in New York, NY
    Current Employee - Sales in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great benefits, Diverse and friendly culture/environment, Strong client base, Opportunity for internal mobility, Good resources available through various internal teams/colleague's backgrounds

    Cons

    Many employees are in-the-box thinkers more taking orders than taking ownership. Several employees break down barriers while there are many more just coming in for their 8-5pm day. Very metrics driven - to the point of it being a negative in most employee's eyes.

    Advice to Management

    Pay your top performers better. Pay your mediocre employees less (and fire them more often.) You are an innovative company with impressive products - make sure you retain and attract top talent where it's needed to stay relevant. Can't rely on terminal business forever.


There are newer employer reviews for Bloomberg L.P.
There are newer employer reviews for Bloomberg L.P.

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