Bloomberg L.P.

www.bloomberg.com
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2 people found this helpful  

If you're on the right team, Bloomberg can be very rewarding

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

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

Pros

- If you land on the right team, there is a lot of flexibility and great work-life balance. Fortunately, the percentage of the "good" teams is growing steadily, especially within the Derivatives and Infrastructure departments of R&D.
- There are a lot of opportunities to grow professionally, but you need to forge your own path.
- Very intelligent colleagues, great ideas
- Free snacks and drinks/juice all day everyday
- Excellent compensation and benefits

Cons

- A lot of red tape (as with many large and successful corporations), meaning that great ideas need a lot of persistence to really take off, or else they will be swept aside for the next money grab enhancement.
- Some old technologies and implementations are so established that they're tough to supplant with smarter/faster/newer ones.
- Open floorplan. While it fosters collaboration, concentration is very easily broken

Advice to ManagementAdvice

- Within R&D, strive towards increased flexibility (already in the right direction)
- Allow more "hackathons" and side projects that can expedite the launching of excellent ideas from employees

Recommends
Positive Outlook
Approves of CEO

1329 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1.  

    Amazing

    • 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.

    Pros

    Great work culture values in the office

    Cons

    There are no cons for Bloomberg

  2. 7 people found this helpful  

    Emperor's New Clothes

    • 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. (more than 5 years)

    Pros

    Like everyone else says, free food, good health care, decent location in NYC, lots of vacation time (which you will need every second of).

    Cons

    Where to even begin? Do not join, unless you must:
    - 1984 Orwellian style fear based management. You are literally being spied on.
    - Team Leads who generally tend to be 22 years old and incompetent. They prey on young kids because they can mold them and they are too inexperienced to know they are being manipulated. Ever wonder what it's like to have an ivy league degree and10 yrs experience and be told your new boss just graduated from some community college in NJ and has six months experience? Work here if you'd like to find out.
    - Churn and burn. Every year they have to have a new crop of analysts coming in to replace the people that quit. In the past 6 months, half my team has left. Some even left having nothing else lined up.
    - They simply do not want to accept that no one is going to pay 20K/yr for a terminal that looks like it is from 1980. Why should they when most of that data is free?
    - Rather than berate their employees for violations such as not showing a positive attitude in the face of declining sales, they should instead spend that time checking out the competitors that are about to eat our lunch. Even the mainstream press has picked up on this.
     - It is a fact that many top banks no longer use the terminal. Not least because they discovered Bloomberg was spying on them thru the terminal. This information can be freely found doing any basic web search. That giant whooshing sound is the sound of customers leaving. But the management is asleep at the wheel and their response is to focus MORE on the terminal. Heard of the Emperor's New Clothes?
    - Apparently their HR dept spends much of their time writing fake reviews because in my time hear, I have never heard anyone speak so highly of this company. Unless they are heavily medicated from the stress of working here.

    Advice to ManagementAdvice

    None. You don't care that you are putting this place out of business.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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