There are newer employer reviews for Bloomberg L.P.
There are newer employer reviews for Bloomberg L.P.

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Helpful (4)

Analytics, dead-end

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Analytics in New York, NY
Current Employee - Analytics in New York, NY
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

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

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 Management

You 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.

Other Employee Reviews for Bloomberg L.P.

  1. Helpful (5)

    Micro Managed to the extreme and No career Growth

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - There Are No Titles In This Company in New York, NY
    Current Employee - There Are No Titles In This Company in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    - Free food - Good benefits

    Cons

    - Micromanagement - No career growth - Legacy technology - Glass wall for International Employees when it comes to management

    Advice to Management

    Stop using Bloomberg Culture as a justification to hide your insecurity. Bring back job titles and please stop micro managing employees.


  2. Great Internship Experience

    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    Pros

    Great Internship program Free pantry Good name on Resume Great Benefits for Full Time Employees

    Cons

    Hard to get back in the company after you are a intern Winter internship payrate is much lower than the summer internship payrate


There are newer employer reviews for Bloomberg L.P.
There are newer employer reviews for Bloomberg L.P.

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