Bloomberg L.P.

www.bloomberg.com
There are newer employer reviews for Bloomberg L.P.

 

Stable company, decent pay

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

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

Pros

Bloomberg has a very systematic approach to sales. If you are able to conform to the Bloomberg way, you can succeed. There are multiple opportunities to learn about other areas of the business and with the media/news arm, it gives finance people exposure to a different industry. The benefits at BBG are fantastic.

Cons

The grading system is very rigid here. If you are an out of the box thinking or an independent type of employee who does not like guidance, this may not be the place for you. The company rewards loyalty over intelligence and hard work. Managers have too much power here. There is not a lot of work/balance life as the company likes to advertise. Some "lifers' feel comfortable taking "work from home" days but generally its frowned upon and you are expected to be in the office as if you are working on the clock.

Recommends
Neutral Outlook
Approves of CEO

1301 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 4 people found this helpful  

    Avoid if at all possible.

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

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

    Pros

    Nice building, nice fish, free snacks, good benefits, socially conscious, stable job.

    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. What I found is absolutely no career path or advancement potential of any kind for technical people, You are a "programmer bee" and that's the extent of what the company wants/expects from you. Much of the work is tedious and menial, there's a fanatical dedication to proprietary tools and methods (which as an experienced senior hire I really wasn't impressed by), no project management, poor planning. It's a stifling, oppressive place that cripples all their best, most creative people. R&D is a massive sweatshop that relies on an constant stream of incoming H1Bs and fresh college grads they can get to before they learn anything that might make them attractive to another company. All in all I'd say that if you're an experienced programmer with skills in legacy systems, or a recent college grad that can't find work, or you need the stability and benefits to support your family then it might be worth it.

    Advice to ManagementAdvice

    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 to get real results. Get that terminal out of the 80's before a real competitor emerges. Focus less on programming and more on development of your core product(s). Involve them in the decision making process, you'll be surprised that they know more than you think.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 4 people found this helpful  

    Oppressive "culture" and toxic environment

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

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

    Pros

    +Stable/safe company with exceptional benefits
    +Good place to learn and start your career

    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 satisfaction and high turn over
    -Micro management culture, managing to the lowest common denominator via inept 'leaders'
    -Highly bureaucratic organization with lots of meetings, red tape and lack of independent thinking
    -Extremely competitive, high pressure environment with too much in-fighting and politics and too little pay off

    Advice to ManagementAdvice

    Adapt, the high growth years are over. Giving people free snacks doesn't make them more loyal. Treat employees with more respect and you will maintain smarter, more loyal employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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