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Bloomberg Industry Group

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Bloomberg Industry Group

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Bloomberg Industry Group Reviews

Updated Sep 16, 2021

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Found 371 of over 405 reviews

3.4
55%
Recommend to a Friend
63%
Approve of CEO
Bloomberg Industry Group CEO Josh Eastright (no image)
Josh Eastright
84 Ratings
Pros
  • "Work Life Balance, Great Benefits offered(in 32 reviews)

  • "Good benefits, great response to the pandemic(in 30 reviews)

  • Cons
  • "It may seem that it provides a collaborative work environment; however, it is very distracting, making it hard to concentrate(in 9 reviews)

  • "All the reviews about Bloomberg BNA being the red-headed stepchild of Bloomberg LP are true(in 8 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of Bloomberg Industry Group and is not affected by filters.

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    1. 5.0
      Current Employee, more than 5 years

      Job

      Aug 26, 2021 - Sales Representative 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Job security mentorship training experience

      Cons

      None none none none none

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    2. 3.0
      Former Employee

      The Bloomberg name is cool but consider all your options and career path before accepting

      Aug 16, 2021 - Account Executive in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Amazing benefits (pay, health insurance, time off, etc). It's a large company so they have the ability to compensate well which is good, especially if you have a family. But, you can get similar benefits (if not better) with other tech companies in the area.

      Cons

      -There's no upward mobility - you have to "wait your turn". Even if you are qualified for a position, if you haven't put in your time on the bench you won't be considered. -Zero flexibility with returning to the workforce. They are mandating a 100% return to office policy even though work was proven to be done remotely during the Covid-19 pandemic. This plays into the culture of micromanaging. It's very hard for people who have a family to transition back & not feel heard in the process at all. -There is relatively no training which is hard to consider for such a large company with a lot of resources

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      4 people found this review helpful
    3. What people are saying about Bloomberg Industry Group

      Join the conversation on

      Career Pivot

      5m

      works at 

      Bloomberg

      Looking to pivot from Sales at Bloomberg to Management Consulting/Change Management Consulting in the NYC area. 4 years working experience. Certainly open to Big 4 firms, but also to boutique consulting firms. Looking to connect with someone who has pivoted from Sales to Consulting, or someone who is willing to provide insight into their Consulting role as it pertains to the type of Consulting roles referenced above, or provide a referral. Thank you!

      2

      1 Comment

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    4. 3.0
      Current Employee, more than 3 years

      Lack of Advancement Opportunities

      Jul 22, 2021 - Senior Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The offices are very nice, the company treats new employees well, there are great people that work here

      Cons

      Depending which product you're working for, it can be very difficult to move within the company. If you want to stay within your given industry (law, tax, govt) opportunities to move up can be very few and far between. In the last 6 months, I've seen a lot of great people leave for opportunities elsewhere because management chooses to hire external candidates over highly qualified, smart internal workers for the few vacancies that open up. They prioritize external candidates and will let you take on lots of extra work under the guise of preparation for your next role, but won't pay you accordingly. If you get lucky finding a promotion, don't expect to be paid market rate for the role; your raise is anchored by your current salary even if this is much lower than you'd get for the same title elsewhere.

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      8 people found this review helpful
    5. 1.0
      Current Employee, more than 3 years

      Please read before deciding to work for this company.

      Sep 16, 2021 - Product Manager 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Name recognition. Even though INDG is NOT a true group/division of Bloomberg LP (different company entirely). You do still get the benefit of the reputation ‘Bloomberg’ holds. The healthcare and charitable donation match are fantastic benefits.

      Cons

      This company is painfully poorly led from the top executives through middle management. The vacuum of leadership leaves employees to fend for themselves and creates a toxic “that is not my job/not my problem” mentality. Anyone who dissents or provides an opinion that contradicts leadership is ostracized and/or pushed out. This means there are 3 types of employee here: - Go with the flow-ers: these people stopped caring a long time ago and wouldn’t lift a finger to help you if it meant missing their lunch break. - The brown-nosers: these people are experts at falling in line and will do whatever it is in their power to make themselves look good even if it means completely screwing over their colleagues, customers, subordinates, etc. As long as they look good it’s justified to them. - The optimists: these people have been with the company less than a year and genuinely want to change the company. They joined and are recognizing all of these problems and are creating plans to go above and beyond the call of duty to make this place better. Before long they will have quit or become one of the previous 2 types. Bloomberg LP does not trust any of the executives at INDG. In an attempt to improve this situation, they lead with an absolute and iron fist. Every meaningful decision needs to be made or approved by LP. What are the results of this? The executives at INDG are incapable of making decisions for fear that they will be held accountable for anything they decide. Instead of making decisions, executives spend their time micromanaging every decision that is made within their department. Literally every decision. If any employee makes a decision, no matter how small and meaningless, unless it was reviewed/approved by an executive, it is subject to change. And the change will be poorly timed, communicated, and downright illogical most of the time. This means that everyone questions everything. Unless you have the backing of someone at the absolute top, it is near impossible to get other employees on board. There is no such thing as a grass roots effort at this company. Working remote can impact your review. No one is trusted. The company rapidly and forcibly called for a return to office, has not stated any intention to allow remote work going forward, and employees are closely monitored for how often they are coming into the office using the badging system. If you don’t come into the office for several days in a row your manager will receive and alert from HR. This was never communicated as a policy, but it is a reality. Even after over a year of running the company remotely, there is no trust in its employees to manage their own working environment/location. The company is simultaneously the most chaotic and bureaucratic environment I have ever experienced. Everything takes forever. Everything is done poorly. You will have no say in your work. On more than one occasion I have had colleagues leave the company after the follow series of events: - They are put in a position where it is not possible to succeed - They raise concerns professionally and appropriately in an attempt to address the situation - They are told to tough it out, things will get better, we understand you are in a tough spot etc - On their performance evaluation, they will be held accountable for everything as if it was all their responsibility and they did nothing to change the situation It is extremely uncommon to receive a raise of greater than the cost of living. It is MUCH more common to receive a raise of zero. It is extremely uncommon to receive a bonus above your target. It is MUCH more common to receive a bonus <50% of your target. I have worked for companies 3x the size of this one that feel like a start up in comparison. None of the departments function properly together. Even people who have the same job title/role in a different department might as well be working for different companies. Any meeting with >20 people will be the most dishonest, cordial and overly formal and polished presentation. Any meeting with <10 people there is a possibility to be treated in the most disrespectful, degrading and confrontational way you have experienced in your professional career. Success stories are paraded around and celebrated ad nauseam while failures are dealt with behind closed doors and suppressed. There is no such thing as “embracing failure” at this company. It is not even possible to learn from failure at this company because failures are suppressed to an extreme. If you attend a town hall meeting everything is presented with rosy colored glasses even if the polar opposite is true and everyone knows it. ‘BNA’ was acquired by Bloomberg over 10 years ago yet it is still just an affiliate and not a true part of Bloomberg LP - that should tell you all you need to know. Don’t let the reputation and work environment of Bloomberg LP fool you into thinking this is a similar place to work. This is the ugly stepchild. Different CEO, different products, different benefits, different culture, different everything except the name on the building. This place eats away at you like corrosion. I am not writing this to harm the company. I am writing this as a public service to prevent anyone considering this as a place of employment to rethink.

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      3 people found this review helpful
    6. 3.0
      Former Employee, more than 5 years

      Progress happens at the pace of a snail.

      Sep 1, 2021 - Anonymous Employee in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The benefits are top-notch and inexpensive. You'll have to look, but you will find good people to work with here. The 'Bloomberg' name may help burnish your resume, provide you stick it out for at least 3-5 years.

      Cons

      As there's limited ability or desire to reward top performers, they leave and you're left with mediocrity. This is across the board, from the analysts (who likely have never practiced within the spaces they're analyzing) to management to rank-and-file. This results in maybe 100 people out of 1000 who are actually moving things forward, and 900 walking in circles, oblivious to even the concept of forward momentum. There's something quite old school about the company as well, despite the "Bloomberg" remodel, snacks, and fish tanks. Despite having the backing of a multibillionaire, initiatives are typically rote and pedestrian, expected. Outside of the box thinking is encouraged in public, but rarely celebrated and initiated in practice. To put this another way, Bloomberg Industry Group performs innovation, rather than genuinely embraces innovation. While every corporate environment has drama to some degree, Bloomberg Industry Group's drama is quite sophisticated and intricate. It's very feudal and 'Royal Court' rather than in your face and direct. Those that engage in the office politics aspect of employment are well versed in the art of the professional takedown with a smile on their face. (One would think that the effort expended upon sexless 'Dangerous Liaisons' level machinations would be better suited for work performance...) There's no real mechanism for dismissal at the company, no real consequences for lack of performance. I suspect many people at the organization understand that and modulate their effort down a notch to match the culture. Finally, the organization has done an absolutely horrible job with work from home, return to office, and hybrid/remote work opportunities. This is another place where the company is quite archaic and quite reticent to embrace the obvious paradigm shift in white-collar corporate America. They are obviously working towards a full return to the office and obviously have been cagey about details due to the lack of enthusiasm regarding a full return to the office. (If for the better part of a year, the company has been essentially bribing employees to return with premium food and free Uber trips in, but nobody is taking them up on the generous bribe--it's your culture rather than a genuine fear of coronavirus.)

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      7 people found this review helpful
    7. 4.0
      Former Employee, more than 5 years

      Overall great company but same ole Corp America

      Jul 28, 2021 - Relationship Partner in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great comp structure. Fast promotion and growth possibilities. Name recognition in the industry. They invest in your development as a sales professional, lots of training and support.

      Cons

      No RTO flexibility post pandemic. Such a big organization, you really are just a small fish in a big pond. "We've always done it this way" kind of culture... Rat wheel type of work flow.

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      2 people found this review helpful
    8. 5.0
      Current Employee, more than 1 year

      review

      Aug 19, 2021 - Account Executive in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      its the best! tons of opportunity and acquisition is very exciting, very focused on diversity and inclusion and making sure everyone is heard

      Cons

      I don't have any cons to share. There is always a lot of change with an acquisition but it is being handled much better than past companies.

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    9. 1.0
      Former Employee

      Management doesn't know what they are

      Sep 9, 2021 - Sales in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great products compared to the competition so if you get in the door, should be able to sell

      Cons

      They've been lowing the pay structure every year. 3 years ago I made 200K, then 150K, then 110K.... will slowly become a college entry job

      2 people found this review helpful
    10. 3.0
      Former Employee

      Great Pay, Fantastic Experience, Long Hours, Little Training

      Aug 7, 2021 - Reporter II in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Pay was great, extremely competitive for journalism industry. Fantastic benefits and 401k match, etc. Tons of free snacks and coffee choices available all day when at office.

      Cons

      No training programs and very few workshops to help employees. Management just repeats desired goals without helping you get there. Seemingly expects equal news generation from all beats, even if those beats simply don't generate the same amount of news or news that would interest the described audience.

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      1 person found this review helpful
    11. 4.0
      Former Employee, more than 5 years

      Good Place to Work

      Aug 4, 2021 - Senior Project Manager/Program Manager in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Excellent Benefits Challenging Projects to work on Company is growing

      Cons

      Career growth can get stagnant Some departments are challenging to work with, feels like try and make it harder to get work done.

      1 person found this review helpful
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