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Bloomberg Industry Group Employee Reviews about "bloomberg bna"

Updated Mar 13, 2020

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Found 8 of over 433 reviews

3.5
57%
Recommend to a Friend
63%
Approve of CEO
Bloomberg Industry Group CEO Josh Eastright (no image)
Josh Eastright
104 Ratings
Pros
  • "They really invest in their employees and the work/life balance is unbeatable(in 38 reviews)

  • "Sleek work environment, snack pantry a definite perk(in 37 reviews)

  • Cons
  • "Don’t let the reputation and work environment of Bloomberg LP fool you into thinking this is a similar place to work(in 10 reviews)

  • "Employees are treated as expendable by upper management(in 10 reviews)

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    Career Pivot

    9m

    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!

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    Reviews about "bloomberg bna"

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    1. 5.0
      Current Employee, more than 8 years

      Bloomberg BNA -- The place to be

      Nov 10, 2015 - Software Configuration Manager in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Bloomberg BNA is the place to be for an IT professional interested in applying cutting-edge technologies in a “mature” corporation. BNA is mature and stable organization that existed since 1946. The company provides tax, accounting, and legal publications in print and web formats. Working in the PR&D division of the company allows highly motivated IT professionals with an opportunity to become agents of change. The acquisition of BNA by Bloomberg was dubbed as the merger of “Bloomberg’s technology with BNA’s content”. The dynamics have changed since. Technologically, Bloomberg BNA (BBNA) has matched its parent company, Bloomberg. BBNA has in fact surpassed Bloomberg LP in applying new technologies for project and team collaborations. BBNA has consolidated its customer support & cross platform product management using Atlassian tools (JIRA for issue tracking, Confluence for documentation management, Bamboo for continuous integration, Git-Stash for code-review process management, and Crowd for single sign on and identity management). If you enjoy taking risks and experimenting with new and emerging technologies, BBNA is the place for you!

      Cons

      The perception that Bloomberg staff and management have an upper hand on some technical and non-technical decisions appears to be causing negative impact on team members’ morale. This is the biggest challenge of working at Bloomberg BNA. This perception in fact appears to tramp creativity among some teams.

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      3 people found this review helpful
    2. 1.0
      Current Employee

      THIS IS NOT BLOOMBERG.

      Mar 13, 2020 - Sales 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Office is metro-accessible (although in a crappy neighborhood). Fine first job out of college, but do not expect to grow your career here. Churn and burn.

      Cons

      THIS COMPANY IS NOT BLOOMBERG. Please do not let the head-hunting recruiters trick you into believing you are getting a job at the global corporation named Bloomberg LP. "Bloomberg Industry Group" fka "Bloomberg BNA" fka "BNA" is an old DC-area news organization that Bloomberg LP acquired years ago and has since divested from and offloaded over the past couple of years. At one point, some departments of BNA were owned by Bloomberg LP, such as BGov. This is no longer the case. Industry Group/BNA is NOT a subsidiary. It is NOT wholly owned. It is an AFFILIATE company. The companies are two completely separate entities. BNA employees are NOT employees of Bloomberg LP, and vice versa. BNA employees cannot enter Bloomberg offices, and vice versa. A very small amount of tools are shared between the two companies, but the products are entirely different, the benefits are different, etc. Nobody at the real Bloomberg company is aware of BNA. If they are, they don't care. This company exploits the Bloomberg brand to attract talent and pay them below market rate because it's "such a good company." The recent rebrand to "Bloomberg Industry Group" is false advertising. They are trying to align themselves with a global company that wants nothing to do with BNA and actively does not care. BNA employees, if you are reading this, THEY DO NOT CARE ABOUT US. By that I mean Bloomberg doesn't care, but also neither does BNA. The products that BNA sells are scams. The majority of what they sell is publicly available data that is simply neatly packaged. While there are smart writers and analysts who do provide valuable work, the products themselves really have no reason to be sold. The data, despite being publicly available, is beyond messy and the legacy tech does not work. The sites and products are constantly crashing. I would absolutely not buy something from BNA if I was on the other side. They're unbelievably difficult to learn and use internally- I truly can't imagine being a client. And...the people. Imagine the most entitled ex-Capitol Hill staffer or attorney you know, turn his (yes, only his--this is the ultimate boy's club) ego up 10 notches, pay him more than all the women, and you have your perfect hire for BNA! BNA really has a knack for attracting misogynists and making them managers. If you want to hear about your manager's latest Tinder conquests and witness 30-year-old men literally compare the size of their nether regions at their desks, then this is somewhere you will truly thrive. But if you dare raise your voice about the VERY visible wage gaps, you can see yourself out. FYI- most of the Account Managers/Client Relationship Partners/etc are women. They all make around 70k. Most of the sales representatives are men, and they all make around 100k. The jobs are the same amount of work; arguably renewing clients is much harder than selling them because everyone hates the products and tries to get out of their contracts. No commission for anyone, btw. I'm just putting all of that out there. Also, they never clean the coffee machines in the pantry, so don't be surprised when you take a sip of pure dirt. They'll try to sell you on all the snacks to make up for the fact that you're making significantly less than others, but don't buy it.

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      24 people found this review helpful
    3. 1.0
      Former Employee, more than 10 years

      Management by Fear, Infighting

      Jul 30, 2019 - News in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      There's a really nice picnic every year that probably costs seven figures to host. All the low-cost, bulk purchase candy and snacks from Sysco you care to enjoy. Although benefits have been undermined with higher health care premiums, co-pays, and elimination of the pension plan, overall benefits are above market. People work hard, but that's because the current CEO has said if you want to get ahead you need to be the first person at your desk in the morning and the last to leave at night. Yes, he really said that.

      Cons

      All the reviews about Bloomberg BNA being the red-headed stepchild of Bloomberg LP are true. This review is through the lens of working in the news room. There are three tribal factions in the news department: BBNA (three brands in Arlington); BGOV (BBNA brand in downtown DC); and Bloomberg News (parent company). All three of them despise and distrust each other and their managers are constantly at war, both openly and sub rosa. While some may act nicely when you speak to them, you will quickly find a dagger in your back within seconds of turning away from what you thought was a friendly conversation -- even with longtime, trusted colleagues. Top management seems to be OK with it, because despite saying there is "one newsroom," plans are drawn up in secret for various re-orgs/power grabs and everyone lives in constant fear of what changes are coming next. Then changes come but are not explained to the employees who are affected, and they are afraid to ask about the reasoning. The resulting culture of fear is exactly how the parent company runs and what they are trying to replicate at BBNA. All senior leadership is from the parent company in New York. Nobody, and I mean nobody, will ever rise through the ranks of BBNA to be a top-level leader. The ones that had climbed the ladder were pushed aside in a massive re-org last year, during which 75 employees were laid off. Another 30 have been laid off so far this year. You can only ascend so far if you are not originally a Bloomberg LP hire. It's a cutthroat atmosphere, and that seems to be what the billionaire owner wants. The few who do rise to 2nd-tier management mostly have climbed on the corpses of their former colleagues to rise to power. The new leadership struggles to understand what the market wants and how to get it to them, so they repeat the cult-like mantras of the parent company even when they don't apply. Rather than focus on in-depth legal and government reporting that is BBNA's strength, reporters and editors are encouraged to chase clickbait stories to get hits for the parent company's Terminal. Time-wasting tangential projects that please the senior leadership for being buzzworthy win internal praise, but metrics show they have no core value whatsoever. Employees hired prior to 2010 had a pension plan, but the weak and myopic union gave it away in collective bargaining. Does a few million dollars in pension costs concern an owner worth $30 billion? Or is it part of a plan to encourage turnover and sweep away old employees? And I use the term "old" in every sense of the word, because age and experience are not valued here. If you're 24 you'll be promised a career plan that will send you around the world and lead to you running the newsroom one day, but if you're of an age that's federally protected by discrimination laws and have not spent your entire career at the parent company they will just squeeze your pay, and try to make you more and more miserable until you get fed up and leave on your own. The disparate treatment exacerbates the divide between early and later career employees discussed in many other reviews here. And, yes, the open floor plan is just as dehumanizing as you think it is.

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      17 people found this review helpful
    4. 5.0
      Former Employee, more than 10 years

      A once-great company could be great again

      Oct 27, 2014 - Editor-Writer III in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Bloomberg BNA employs a lot of smart people. Most editorial employees have a solid understanding of very specialized topics -- benefits and pension law, environment safety and health regulation, trade regulation and tax codes -- sometimes better than officials or practitioners. Developers, marketers and programmers, who for many years did a lot with few resources, now have the support of the new parent company, Bloomberg, L.P. I see great opportunities for people with the talent and motivation to seize them.

      Cons

      Bloomberg BNA is in the midst of a transition as it becomes a part of the Bloomberg family. The challenge is to retain and enhance what's best about Bloomberg BNA and wed that to what's best about Bloomberg, L.P. However, there are potential obstacles: 1) a "We've always done it this way" attitude of some long-time Bloomberg BNA employees and 2) an inability of Bloomberg, L.P. leadership to distinguish between when the company has been smart and when it simply was lucky.

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      2 people found this review helpful
    5. 4.0
      Current Employee, more than 5 years

      Good company, great department and people

      Nov 11, 2015 - Quality Assurance Analyst in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I have been at Bloomberg BNA for a few years. I feel that I am working with professionals that I can learn from and that will push me to take on new and challenging opportunities. The open floor space environment is great for creativity and collaboration. My manager definitely has an open door policy and listens to my concerns. Working in the Product Research and Development group, I am surrounded by a lot of highly driven and successful people who genuinely care about their work with and the products they build. With the acquiring of BNA by Bloomberg, Bloomberg BNA is a now visionary company that is constantly coming up with new ideas and initiatives while looking towards the future.

      Cons

      Bloomberg BNA has undergone much change in the last few years. However, it is not welcomed by many and causes friction by those who do not understand the strategic vision and the agents of change.

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      3 people found this review helpful
    6. 1.0
      Current Employee, more than 5 years

      reporter

      Nov 13, 2018 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Used to be able to have a good work/life balance. To some extend, that continues

      Cons

      Pay. Poor editing. Management indecisive, unable to communicate policy across division -- that's because Bloomberg BNA managers are only concerned with impressing higher-ups and, ultimately, Bloomberg LP. Always second-guessing themselves and every they manage. Company recently laid off 50 reporters and editors, as well as 25 managers (rough-but-close numbers); more layoffs expected in 1Q. Little training offered to reporters/editors. Training that is offered is let by long-time in-house managers who lack the skills and credible work experience. Reporters, many of whom have JDs, with experience are treated as cub reporters.

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      9 people found this review helpful
    7. 1.0
      Former Contractor

      A mess

      Jun 21, 2017 - Anonymous Contractor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Somewhat good ideas (I guess).

      Cons

      But unfortunately, those ideas don't come to fruition as they should. I worked in a contract/freelance capacity with Bloomberg BNA and it was anything but organized and productive. It takes them 6 months to get a simple (very simple) project off the ground, whereas other clients take 1-2 for the same exact type of project. There is constant back and forth, micromanagement, unnecessary worry and continuous missed deadlines on their part. I no longer work with Bloomberg BNA and doubt I will again. I like to keep the clients that know what they're doing and how to actually bring a project to life in a lifetime.

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    8. 1.0
      Current Employee, less than 1 year

      Insultingly low pay for experienced J.D. attorneys - incompetent, delusional management

      Jul 15, 2017 - Legal Editor in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The only thing that seemed attractive was the ability to read recent primary source materials in your field of legal expertise. For example, if you are a tax attorney, new Code sections, cases, regulations, and other administrative guidance. BUT the opportunities to actually do this are quite limited, as most of the time you are just reviewing practicing attorneys' (probably their 1st year associates') manuscripts for grammatical errors, substantive accuracy, etc.

      Cons

      The "take-over" by Bloomberg of BNA, and its attempt to bring the heavy-duty editing in house is failing. The quality of the legacy products is dropping drastically because: (1) they offer ridiculously low ($40/hour!!) pay to trained, experienced attorneys who are just accepting the jobs, thinking it will be a temporary gig; (2) the attorneys hired are not actually practicing law and simply lack the recent experience to be able to identify the mistakes and omissions of the authors. Word is getting around the legal community of what is going on, and BNA is likely to LOSE their start, Big Law Firm authors--because the quality of the products, themselves, are suffering big time. BNA used to hire a reputable law firm to edit these analytical materials. Now Bloomberg BNA is hoping to achieve the same quality of technical review by having green attorneys, who are under-employed, lacking fresh experience, and GROSSLY underpaid to try to achieve the same result. My prediction: the entire Bloomberg BNA brand will (or is currently) suffering. Just the name "Bloomberg" is NOT a respected one amongst seasoned attorneys. It's like a penny-pinching Walmart attitude is ruining the products and the brand. People who are really good are leaving. The whole Portfolio series is likely to go down the tubes (it wasn't that great quality wise to begin with!) Will only get worse.

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      12 people found this review helpful
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