There are newer employer reviews for Bloomberg L.P.

3 people found this helpful  

Too many silos, too many MBAs.

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

I worked at Bloomberg L.P. full-time (more than 10 years)

Pros

Resume fodder = strong. Talented co-workers = good. Many divisions to interact with = good.

Cons

Young MBAs pushing out all the "old" experienced vets = bad. "New" company execs manage up the ladder well, manage down the ladder very poorly. Company HR only cares about the company, NOT the employees. No lateral growth opportunities. Was a great company years ago, is a toxic company since Mike left.

Advice to ManagementAdvice

Stop listening to only the accountants and the consultants. Get out of the media business, you are no good at running it, except as Mike originally intended: as marketing support for terminal subscriptions.

Doesn't Recommend
Positive Outlook
Approves of CEO

1194 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 1 person found this helpful  

    Some good mixed with some bad

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

    I worked at Bloomberg L.P. full-time (more than 5 years)

    Pros

    Exciting work atmosphere
    Free food
    Really cool employee culture- events, free museum membership, etc.
    Beautiful office gave a sense of pride to work there
    Great benefits

    Cons

    Terrible work life balance
    Even with high ratings, bad raises with the continuous excuse of "times are tough"

    Advice to ManagementAdvice

    If you are rated a 1 or a 2, and you only get a very slight raise each year, there is absolutely no motivation to stay. Why should I be a top performer and continuously get underpaid? It's also extremely insulting to hear that the company didn't do great this year and your minimal salary increase is actually high. What is my motivation to stay here?
    Also, work life balance is awful. I was a top performer who didn't need to be chained to my desk to be productive. There is a lack of trust and a big brother mentality that isn't normal. I am now at a much larger and much more successful company where I am compensated handsomely and I am much more productive and motivated- even with my very flexible schedule.

    Recommends
    Negative Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    Great Starting Place/Ending Place (for Finance candidates) - Sales and Analytics Targeted

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

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

    Pros

    -Great people, all are friendly, young and enthusiastic
    -Great place to learn finance from scratch as training program is one of the best of anywhere
    -Snacks
    -Best work life balance
    -Good compensation if you "meet expectations"
    -Name brand recognition and very good experience with the software
    -Best benefits of anywhere
    -Can transition to ANY role within the firm
    -Great place to have a start to end career with good support behind you
    -Everyone listens to your ideas and encourages you to act on them

    Cons

    -Do not work a finance job; this is a technology company first
    -Compensation is not built of effort or experience but rather of how long you have been in the company
    -Very poor compensation advancement structure
    -Lack of career progression
    -Difficult to transition to a different job (in finance) due to lack of useful experience
    -Career/Experience is very heavily dictated by your manager
    -No freedom in time management; everything is dictated what you need to do by the minute
    -Potential to get stuck at your current role

    Advice to ManagementAdvice

    -Lead by example
    -Don't tell employees you are hiring less workers and compensating current workers the same (expecting the current workers to pick up the slack with extra compensation)

    Recommends
    Positive Outlook
    Approves of CEO
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