Bloomberg L.P.

www.bloomberg.com
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6 people found this helpful  

Good company to have on your resume. Terrible company to work for!

  • Comp & Benefits
  • Career Opportunities
Former Employee - Anonymous Employee in New York, NY
Former Employee - Anonymous Employee in New York, NY

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

Pros

Good health benefits from day 1. Free snacks in the pantry.

Cons

Everything is based on favoritism and not on competence nor qualifications. My manager was extremely unprofessional and always promoted people who she was friends with. Mainly several 20 year olds that took the effort to kiss some butt. Straight out of college kids that had no experience and became team leaders within as soon as three months and were managing senior employees with more exeprience and qualifications within the department. On top of that, the Head of the department seemed not to care about these circumstances as well. The whole structure of the company is a charade. I couldn't wait to get out of there, even though it took me two years to resign. Why I sateyed that long? I was hoping for things to change and improve. I didn't happen.

Advice to ManagementAdvice

PUt the right people in management and be fair to your employees.

1338 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 12 people found this helpful  

    It's a big company, there's a lot of room for good teams and bad teams

    • 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

    It's very bright and sunny, which might seem trivial but I personally find it very good for my mood to work in a bright office. I like the financial aspects of the work, so once I found the team working on precisely what I was interested in, I became quite happy and satisfied. Don't worry too much about the "free food", most of it is junk food, though the fruit is great.

    If you like finance more than cutting edge software engineering, you'll find it a pleasant enough place to work at (on the good teams). The bad teams, well, they are out there, do your homework before accepting the offer.

    Cons

    Some of the infrastructure is legacy. This shouldn't be a con for any seasoned developer, it's a fact of life, but if you're a whiny b**** straight out of college, you might find this distasteful. There is some politicking, and people get promoted partially based on their temperament and how well they get along with other managers. Again, this shouldn't be a con, but if you are young and naive, you might find this also to be distasteful.

    The only really big con is the annual review process, which is a curve-fitted algorithm to award future compensation based on relative (within your peer group) performance. I would advise newcomers to negotiate as hard as you can before signing, because once you are in there's a good possibility your compensation will stagnate.

    Advice to ManagementAdvice

    Revamp the project and trouble ticketing systems to better reflect the realities of software project development. Also, mix up the floors a bit, there's not enough casual interaction between R&D and other departments, despite forcing everyone through the 6th floor in transit.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Worst experience I have had in my career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Free food, snacks and benefits.

    Cons

    Where do I start. Lots of old, legacy policies, they grind you and don't want you to ever leave their building, very hard to get answers and decisions you need, management is made up of very old, former Time Inc. & WSJ people, no offices or any privacy anywhere, elevators don't stop on every floor and it takes like 15 minutes to get from the entrance to your desk plus way too many waste of time internal meetings.

    Advice to ManagementAdvice

    Get with the times and move faster on people, products and procedures.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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