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2 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 for 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 Instead, you are supposed to keep your mouth shut, and run the outdated day-to-day process for less money than industry median managed by relatively incompetent management.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 I did not mind about terminal being outdated.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

Other Reviews for Bloomberg L.P.

  1. 1 person found this helpful  

    Great Stepping Stone; Not So Great Growth Opportunities

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

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

    Pros

    Fast paced environment, lots of different teams to choose from that give you a nice blend of technology and finance.

    Cons

    Career growth. It's non existant. It is a flat company. I would love to stay indefinitely if there was room for career growth.

    Advice to ManagementAdvice

    Create more job titles that actually compensate you for your work. For such a transparent company, its very discrete when it comes to career/compensation growth.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    OK

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bloomberg L.P.

    Pros

    Great code base to learn from.

    Cons

    Some of the in house software are out dated

    Advice to ManagementAdvice

    Accept newer technology more readily

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