Bloomberg L.P.

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1112 Employee Reviews (View Most Recent)

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4 people found this helpful  

Analytics, dead-end

Analytics (Current Employee) New York, NY

Pros- Great training
- Good use of terminal (for free!)
- Good work/life balance
- Good benefits
- Decent compensation

Cons- Poor upper management (really poor)
- Immature work environment, lots of "contests", breeds children, not adults
- Above results in no pride in job, and thus very low morale (counterproductive, backfires)
- Quality of hires is very low to prevent "flight-cases" (word used by management)
- Management evaluates not relative to peers, but relative to your own past performance (makes no sense: if you are better than your peers, but you are not as good as you were last year, your compensation will be impacted negatively)
- No room for growth within department, lots of red tape to get promoted
- Tendency to hire externally for jobs that would be better done by internal employees (ie, product managers are all external hires, but that leads to very one-dimensional product enhancements that only serve what that person wanted in their past role, they do this instead of letting sales/analytics into the role despite the interaction those departments have with clients of a broad spectrum on a daily basis)
- Another reviewer put this best: There are a lot of parasites that have been grandfathered in. They have been in the company during it's largest growth periods and have very minor skillsets. They just rotate every 2 years into high paying fluff roles that don't add much value. For example, we have a "training content management team" that consists of 10+ year veterans. All they do is book rooms for trainings and schedule them. There are at least 4 per region.
- Inefficient use of funds: We splurge on very odd things such as people walking around on the 6th floor with trays to hand out snacks (essentially servants). We also book all of our re

This was a bit detailed.

Advice to Senior ManagementYou should take a more granular look at your individual departments. Instead of relying on regional managers, try skipping a level and shadowing your workforce. You would be surprised at some of the talent that exists under your nose. This talent is going to waste on trivial tasks. The turnover of our department's most talented employees is phenomenal, and they all find good jobs. This has been a recurring issue for as long as I've worked here.

No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

    Avoid if at all possible.

    Software Developer (Current Employee) New York, NY

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


    Pros: Nice building, nice fish, free snacks, good benefits, socially conscious,… Cons: There are those that love it and I can only speak from my own experience, what you find will vary greatly from team to team.… Advice to Senior Management: Reconnect with some of the people developing your product, there are some really talented people there but your own polices and practices make it impossible… No, I would not recommend this company to a friend More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    3 people found this helpful  

    Oppressive "culture" and toxic environment

    Account Manager (Current Employee) New York, NY

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


    Pros: +Stable/safe company with exceptional benefits +Good place to learn and start… Cons: -Mandatory, long hours for busy work (8a - 6p); lots of posturing -Arrogant upper management: everyone is interchangeable and no employee has unique value= low job… Advice to Senior Management: Adapt, the high growth years are over. Giving people free snacks doesn't make them… No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More
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