Bloomberg L.P. Employee Benefits and Perks | Glassdoor

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Bloomberg L.P. Benefits

335 Ratings

Employer Summary

Bloomberg's global benefits include, but are not limited to:

  • Medical, Dental and Vision Coverage
  • Life and Long-Term Disability Coverage
  • Retirement Savings Plans
  • Employee Assistance Plans
  • Free organic snacks, fresh fruit, coffee, tea and beverages (available 24/7)
  • Travel Insurance and Medical Benefits Abroad
  • Our substantial list of additional benefits will vary from region to region. Just ask your recruiter.

Employee Benefit Reviews

Showing 1–10 of 335 comments

Most Commented

  • Free Lunch or Snacks  (110 comments)

    “They have snacks and drinks all day. They serve dinner at 8pm for those who are still working.”

  • Health Insurance  (54 comments)

    “never worried about my health dental vision insurance”

  • 401K Plan  (33 comments)

    “401k benefits: Company matches 50% of what employees pay on a maximum of 15% of their salary or $15,500, whichever is smaller. Bloomberg will pay a...”

  • Feb 08, 2018
    StarStarStarStarStar Former Employee in New York, New York State

    Free visit to most of the museums in the city

  • Feb 07, 2018
    StarStarStarStarStar Current Employee in New York, New York State

    One of the best among big companies.

  • Jan 29, 2018
    StarStarStarStarStar Former Employee in New York, New York State

    excellent health insurance, company perks, vacation

  • Jan 23, 2018
    StarStarStarStarStar Former Broadcast Designer in New York, New York State

    Compared to other large companies in NYC, Bloomberg's benefits package is on par or better than other places I've worked. Maternity leave is 16 weeks and paternity is 4 weeks.

  • Jan 24, 2018
    StarStarStarStarStar Current Employee in New York, New York State

    They pay for the best of everything. Healthcare, 401(k), paid parental leave, you name it.

  • Jan 12, 2018
    StarStarStarStarStar Current Account Manager in New York, New York State

    The Healthcare package is the best one I have ever seen. You start with about 19-20 paid vacation days. The FMLA leave is unparalleled from anything i have ever heard of. Maternity and Paternity time off is the longest I have heard of in the US.

  • Jan 03, 2018
    StarStarStarStarStar Former Employee in New York, New York State

    401k match details in 2017: Bloomberg will match 50% of employee 401k contributions up to $15,500, or up to 15% of your salary (whichever is smaller of the two). That means Bloomberg will pay at most $7,725 each year as a match. (To capture that maximum, it means the employee is contributing at least $15,500.) Healthcare: Employees pay nothing for themselves in premiums if they participate in a healthcare questionnaire. Otherwise, it's $400 in premiums for the entire year (one payment of $400). Family members and spouses are extra, but the premium is also substantially subsidized so that it's quite a small amount an employee pays out for full coverage ($800 total for the year for self and spouse, and $1200 total for self plus family). There is a $125 monthly surcharge for spouses who could get insurance through their own employer but elect to be on the Bloomberg plan instead. The healthcare plan isn't quite a Cadillac plan, but it's very good. Preventative care like one general exam and one gynecological exam are included free. Specialists cost $40 copay. Emergency room visits are $100 copay. Dental and vision are included for the employee as well, with $0 premium. Bloomberg also provides free health services for employees in the New York location including immunization shots, on-site care with a nurse practioner who can dispense prescriptions. And also access to a telephonic doctor service, with certain days of the week or times of the week free to the employee to use the service. A concierge service is offered in at least the New York location where the company's contractor will pick up your prescriptions for you and deliver them to the office. Discounts to many things. Many, many free museum admissions in New York and some in London and Los Angeles. Almost any museum you can think of in New York City is free admission thanks to Bloomberg Philanthropies. Of course free snacks all the time in the various pantries, in New York and across every major bureau. No hot lunch is given apart from 12pm hot soup. In the New York location, a catered dinner service is provided Monday through Thursday at 8 pm. Before the New York City local law on paid sick leave came into effect (January 2018), Bloomberg didn't offer sick days per se in that you had a bank of them. Instead, you were allowed to take as many as needed. Three consecutive sick days required physician justification. The firm works with an outside company to determine leave of absences for things like health or to care for a family member. They make the determination if it's to be paid or unpaid. You can take off for things like caring for an ill family member, but if their illness isn't life threatening, the leave is unpaid. Tuition reimbursement is offered but you are subject to a clawback of 100% of what was paid to you (unsure if it's during your last year of employment or total ever paid to you -- it's probably intentionally murky in the policy but I'd think just the last 12 months worth of payments). In other words, you must stay at the firm at least a year after your final tuition reimbursement payment if you don't want to be subject to the clawback. Reimbursement is capped each year at $12,000. Employees are warned the IRS looks at this reimbursement as income after the first $5,250, so Bloomberg says it withholds taxes after this amount. One final good thing is that the company will match your charitable contributions as long as the charity is on its pre-approved, large list. You can also ask them to approve another charity, but the process takes a really long time (like over a year sometimes) and isn't really worth it.

  • Jan 16, 2018
    StarStarStarStarStar Current Senior Software Developer in New York, New York State

    Best thing is I never worried about my health/dental/vision insurance

  • Jan 03, 2018
    StarStarStarStarStar Current Senior Software Development Engineer in New York, New York State

    Free Health insurance. Great wellness benefits as well. Good work-life balance.

  • Dec 21, 2017
    StarStarStarStarStar Former Employee in New York, New York State

    Company matches 401K contribution up to 15%, also vested after 3 years.

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

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