Bloomberg L.P.

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  www.bloomberg.com
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8 people found this helpful  

Horrible Working Environment - Terrible Management

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

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

Pros

$ - The money is good. The benefits are excellent. The perks are wonderful. The bonuses are large. The regular employees are awesome, and fun to work with.

Cons

Management is ineffective at best, and incompetent at worst. The entire company is very much a cult of personality. There is a massive "not invented here" complex. Managers that have risen through the ranks over the last few decades are very stodgy and outdated in their ideas about business and development best practices. I got negative performance reviews for mentoring others as the most senior developer on the team. Management did not understand the problem space at all - web development - and this made it very difficult to have non-stressful conversations with them. Some teams at Bloomberg are better than others, mine was generally recognized as the worst. The entire team went to senior management with complaints about the problems with out direct manager, but nothing was ever done.

Advice to ManagementAdvice

The management that has risen to the top is often only concerned about saving their own skin. Blame passing down to the lowest level is frequent rather than having the backbone to assume the responsibility that is in fact on their shoulders. Many tech decisions were made without the input of the resident experts, because management had inflated egos, and zero humility.

The revered-to-the-point-of-worship "Bloomberg Culture" needs to be flushed down the toilet.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

1231 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 1 person found this helpful  

    Good first step in your career

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

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

    Pros

    Very good lifestyle with great hours and fun environment. Very young talent and work closely with other business units.

    Cons

    Money is not a reason to come to Bloomberg- rather for a lifestyle change.

    Advice to ManagementAdvice

    Work closer with middle managers to make sure sales quotas are hit.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Good environment, great people, boring work.

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

    I worked at Bloomberg L.P. full-time (more than 8 years)

    Pros

    Some very intelligent and interesting people to work with, fair meritocracy where good work is generally rewarded. Stocked Pantry and working in NYC.

    Cons

    Generally outdated technology, Fortran codebase was still widely used. Sometimes redundant work and projects. Very important which group you are in, will determine your overall happiness.

    Advice to ManagementAdvice

    It used to be mostly a flat hierarchy where the lowest employee could find the top boss assessible, but over the years, its moved a bit away from that.

    Recommends
    Neutral Outlook
    No opinion of CEO
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