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3 people found this helpful

One more hamster in a wheel...

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Data Analyst in Skillman, NJ
Current Employee - Data Analyst in Skillman, NJ

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

Pros

Job security, learn some new things everyday if active, looks good on resume, free pantry, some nice and some very clever people.

Majority of the jobs are, as somebody said, "middle class sweat shop" -type. They don't want any innovative thinking or world class abilities, and the jobs are pretty boring as is. Instead, you are supposed to keep your mouth shut, and run the outdated day-to-day process for less money than industry median managed by relatively incompetent management. Awesome option for people who search for a safe 9-5 day care, as B does not normally lay people off.

Cons

Poor salary, skills not transferable, many team leads are either inexperienced and/or not very bright, weak communication skills, normal 60-hour weeks are not justified due to low salary.

The data jobs rely on non-transparent performance metrics and subjective manager evaluation, although transparency is one of the core values at B. Same applies to career prospects - there is no long term alignment of interest so that you would know that dedication and hard work will be compensated. Rather, you are offered horizontal repositioning to another same level job. Further, B is not a meritocracy - tenure over skills and abilities - which means that opportunity cost regarding staying at B for long term is far too high.

In the beg. I did not mind about terminal being outdated. After a while though, it is frustrating that workflows are unnecessarily complex, buggy, user unfriendly, and 70% of your time you are working with menial tasks caused by these weak workflows. It helps if you are a 90's MS-DOS freak, as that is how the workflows still look like.

Majority of the managers and team leads have mediocre skills/abilities or are outright dumb. Many employees have spent far too long at B, have lost touch with the changed labor market and/or industry, and are unable to recognize needed improvements even if served on a golden plate. Most employees have built their professional identity on the B's workflows, and unable to recognize or understand skills that new hires are bringing in from outside. They also have a major chip on the shoulder in case a new hire knows more, and you will be shot down really fast by telling how you don't know this and that workflow yet, as you have just started.

Advice to ManagementAdvice

- Been working at B for a less than a year and I am resentful already. Why?
- Entire corporate culture is outdated. The world does not work top down anymore.

Doesn't Recommend
Neutral Outlook
No opinion of CEO
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  1. 1 person found this helpful

    Was once fantastic, now its mediocre

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

    I have been working at Bloomberg L.P. full-time (more than 10 years)

    Pros

    -Work with latest technology
    -Opportunities to get MBA & Cisco/Juniper/Linux certifications
    -50% match on 401K
    -Good health & dental package
    -Since 2007 raises & bonuses have been a joke
    -Good company name to have on your resume
    -Good vacation days after 10 years

    Cons

    -Terminal sales dead last two years and bonuses & raises are below inflation.
    -Management more interested in hiring from outside rather than promoting from within
    -Any promotions are usually political, if you are friendly with Bloomberg or the COO.
    -Metrics flawed, judging talent on SDSK (ticket system) updates alone creates people who are good at updating their tickets - no one rewarded for going "above & beyond".
    -Lots of senior employees get transferred to an undesirable department (usually entry level like GTEC or GCUS) to get the senior employees to quit rather than fire them.
    -Newer employees (3 years experience) often chosen for management roles over senior employees (7-15 years). It seems like once the new guys get more chances than the established veterans.
    -It is very hard to advance in the company management unless someone likes you. The same people in middle management get rotated around to new roles and its hard to break in.

    Advice to ManagementAdvice

    Bloomberg used to be a meritocracy. Work hard & you were rewarded. Meritocracy died when "certain people" took over and embraced metrics. Metrics are good to weed out the good from the bad, but you aren't rewarding employees who are going above the call of duty. Bloomberg paid for top level talent, paying more than the average company for above average talent. What happened to that philosophy? Allow team leaders more flexibility in rewarding those employees that are working their butts off - and when raises are below 3% you aren't going to get employees motivated to work more than they are expected.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful

    not a place for women looking for management opportunities unless they have built their career elsewhere

    • 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

    Pros

    decent healthcare, talented, dedicated people

    Cons

    management opportunities are geared towards men, managers who "kiss up, kick down" advance the fastest, little respect for "work/life balance", no transparency in hiring and promotions, no unions allowed

    Advice to ManagementAdvice

    women are assets

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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