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Bloomberg Industry Group Employee Reviews about "work environment"

Updated Sep 24, 2021

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Found 24 of over 431 reviews

3.5
57%
Recommend to a Friend
64%
Approve of CEO
Bloomberg Industry Group CEO Josh Eastright (no image)
Josh Eastright
102 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)

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

    What people are saying about Bloomberg Industry Group

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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 "work environment"

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    1. 5.0
      Current Employee

      BINDG

      Sep 24, 2021 - Relationship Manager in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good work environment great people

      Cons

      Incentives could be better, but not bad

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    2. 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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      18 people found this review helpful
    3. 4.0
      Former Employee

      Good starting point

      Jan 26, 2021 - Legal Editor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Sleek work environment, snack pantry a definite perk

      Cons

      No upward mobility, management changes priorities often leading to confusion

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    4. 1.0
      Former Employee, more than 1 year

      Nightmare on K Street

      Oct 21, 2020 - Business Development 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Free snacks, okay benefits, good learning experience right out of college

      Cons

      Terrible compensation, highly political and non merit based, toxic work environment especially for women and people of color, limited professional advancement, not a diverse environment, does not value creativity in role

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      8 people found this review helpful
    5. 5.0
      Former Employee, more than 3 years

      Great employer

      Apr 25, 2020 - Product in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Bloomberg Industry Group has high standards for its products and services and works hard to get talented people to meet them. This is a well-run organization that invests in employees with good salaries, good benefits, advancement opportunities and a positive work environment.

      Cons

      The hardest part of my job was responding to changing company objectives. Market trends drive priorities so this may be an occupational hazard.

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    6. 5.0
      Current Employee, more than 3 years

      Stable, Respectful Company To Work For

      Jan 18, 2018 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The benefits are terrific, as is the work/life balance. There is also a great deal of diversity-at least at the union and managerial levels. You will develop strong, lasting relationships with the people you work with, and because of the benefits and work/life balance, you'll be working with them for awhile.

      Cons

      This is not a place to grow a career, but to maintain one. You will also not have a lot of job mobility. The likelihood of you setting the world on fire here is low, but the trade off is a more measured, more stable work environment, and a work/life balance that I've never experienced anywhere else in my career. There's also something of a generational divide, both between the 'old guard' from the Bureau of National Affairs and the new Bloomberg people, and between the age groups. Millennials looking for excitement are pretty much out of luck. The different divisions don't really communicate well with one another (and in at least one division, within,) and so you are frequently in situations where well-meaning, hardworking people are stagnating on projects because of that breakdown in communication. Because nearly everyone in the company is highly educated, you will encounter ego issues on occasion.

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      4 people found this review helpful
    7. 4.0
      Former Employee, less than 1 year

      Tax Legal Editor

      May 3, 2017 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The extent to how much tax law affects everything is amazing, and every day presents a new challenge that you must research and report on. The hours are set, and you should have a good work-life balance.

      Cons

      The work environment, as told by many veteran employees, is progressively getting more and more cutthroat and demanding as the Bloomberg corporate culture has gradually seeped into what was once BNA's (Bloomberg bought BNA several years ago).

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      3 people found this review helpful
    8. 5.0
      Current Employee, more than 10 years

      Great Place to Work

      Sep 28, 2017 - Operations Manager in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Open environment (great for collaboration) and a great place to work for those that are agile, hard working, and team players. Benefits are awesome and opportunities for potential growth are there for those that are willing to go the extra mile. Philanthropy events are held multiple times a month and are a great way to help others and network with your fellow employees in a non-work environment.

      Cons

      I've had a great experience over my +10 years here. As long as folks know they are here for the customer (not themselves), that expectations are high, and that we always move forward, there will be no disappointment.

      1 person found this review helpful
    9. 4.0
      Current Employee, more than 10 years

      Good business and good work environment

      May 26, 2015 - Anonymous Employee in Arlington, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Bloomberg BNA provides news and information services for lawyers, accountants, and other professionals. The work is generally interesting and there are many smart and creative people. - The level of office politics is relatively low. - Nice physical work environment in headquarters location. - Good pay and benefits. - Free sodas, juice, snacks and fruit. - Lots of community volunteer opportunities.

      Cons

      - Lots of new initiatives and shifting strategies in recent years have created some confusion about priorities for the company. - Work and family life balance can be challenging for exempt employees.

      Continue reading
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    10. 2.0
      Former Employee

      Poor management. "Good 'ol boy" culture. Good people leave and bad managers get promoted.

      Oct 31, 2017 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Worked there for almost two years and none come to mind.

      Cons

      Certain departments in IT have very prejudicial/racist hiring practices. HR department turns a blind eye to this and simply chalks it up to "hiring pool availability". Basically, if you're not the same race as the management, don't expect to be hired. If hired, don't expect to be treated fairly. This place is all about brown nosing your way to the top; not based on merit or work performance. The good people see this and move on to another company. The bad people, AKA "the management", take advantage of the turnover they cause and continue to thrive while making the work environment there unbearable. Lots of people in management should not be in management.

      15 people found this review helpful

      Bloomberg Industry Group Response

      Corporate Counsel/EEO Manager

      Thank you for your feedback. Bloomberg BNA is an equal opportunity employer that prides itself on building a diverse workforce. We view diversity as a core business strategy and we have taken concerted efforts to attract, hire, and retain a diverse workforce. https://www.bna.com/commitment-diversity-c17179918790 In pursuit of this mission, we have internal policies and procedures to ensure that equal opportunity is afforded to all applicants and employees. Employees have several internal reporting mechanisms to voice concerns. Once BBNA is aware, prompt and immediate action is taken.

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