Bloomberg L.P. Reviews in London, England | Glassdoor

Bloomberg L.P. London Reviews

Updated February 19, 2017
304 reviews

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London, England (UK)

3.4
Star Star Star Star Star
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Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
75 Ratings

304 Employee Reviews

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Pros
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  1. "London Analytics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analytics and Sales In London, England in London, England (UK)
    Current Employee - Analytics and Sales In London, England in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than a year)

    Pros

    - Multicultural environment, constantly engaging with talented people with great personality
    - Extensive training on the financial market and Terminal, which is extremely helpful if you don't have finance background
    - Managers that are willing to listen to you and give you advice on your career progression
    - Good work/life balance
    - Exposure to a wide range of clients
    - Fast paced and dynamic workflow where you can see your idea being implemented and making an impact immediately

    Cons

    - Snacks in the pantry (it's improved a lot recently, but you can quickly gain weigt nibbling on them)
    - No in-house gym

    Advice to Management

    Nothing much that I can think of. It's always good to have managers/team leaders who can clearly guide you in the right direction.


  2. "Sales & Analytics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Deputy Team Leader in London, England (UK)
    Current Employee - Deputy Team Leader in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (Less than a year)

    Pros

    - Training & Development: Investment in the person is clear for all to see. Continual opportunities to develop ones knowledge & exposure to a variety of topics, skills & departments.
    - People: Intelligent & personable. Diverse & inclusive workforce.
    - Client Interaction: Both on site & remotely, exposure to a vast array of market participants & institutions is a real bonus.
    - Compensation: Very competitive, good increase & 100% of bonus.
    - Working Environment: Bloomberg has a great reputation in the business community for having fantastic facilities & benefits to employees, this of course has a positive impact on all internals and clients who are regularly invited into the office.
    - Brand Recognition: Bloomberg is held in extremely high regard within the Financial Markets & broadcasting community.

    Cons

    - Lack of clarity on where to go internally or externally. I often reflect on my position and development here & so far so good - I am happy - however, I am very aware of the fact that there is no real or clear road map. At the same time, this is something I will need to carve out myself.
    - Net Bloomberg Terminal Sales are slower than previous years, as a direct result of a changing financial environment. I do wonder how this will impact my aspirations to go into a more commercial/sales capacity within the firm.

    Advice to Management

    - I had a fantastic manager, but due to Bloomberg's culture of updating teams on an (approximate) 2 year basis it meant my time with that manager and team was cut short.
    - I believe the Analytics Department (ADSK) could benefit from external hires in Managerial Roles as this would encourage a different way of thinking. Currently the bulk of the management group have been promoted internally


  3. "Idiosyncratic, but okay"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in London, England (UK)
    Former Employee - Software Developer in London, England (UK)

    Pros

    Bloomberg has its head screwed on internally and treats the development department as a core department, not a cost center.
    Teams are quite regimented, but there is opportunity for internal transfers.
    Instead of a christmas party, Bloomberg holds an enormous summer party in the park, families invited, which I found a nice way of handling things.
    The grad training program is excellent, if extremely hard work.

    Cons

    A serious case of Not Invented Here, you will often be working with old technologies or internal stacks. At least they are generally of decent quality.
    The london office felt a bit marginalized by New York.
    Don't expect to get financial experience - Financial news is not the same as finance, and developers are well isolated from business concerns anyway.

    Advice to Management

    There has got to be better ways of ensuring software consistency rather than by locking down what tools developers can work with. Your overheads for developing anything have to be enormous compared with more conventional technology descisions.


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  5. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Analyst in London, England (UK)
    Current Contractor - Analyst in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. as a contractor (More than a year)

    Pros

    Interesting company with good perks

    Cons

    Too much office politics & top heavy

    Advice to Management

    Bring in subject expect managers


  6. "Great company to work for. Global company with lots of opportunities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Sales and Analytics in London, England (UK)
    Current Employee - Financial Sales and Analytics in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time

    Pros

    Market leader, innovative and always drives change. Flat structure, great team work environment. Everyone works very hard and there are many colleagues to look up to. Lots of opportunities for your career to progress, including opportunities abroad.

    Cons

    Can't think of any cons
    It's a busy department so you need to be fully energized everyday

    Advice to Management

    Keep up good work!


  7. "A great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales and Analytics in London, England (UK)
    Current Employee - Sales and Analytics in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - High responsibility from the offset, a fast development program, and a mapped out career plan.
    - Intelligent employees
    - Good opportunities to those who want them
    - Direct access to experienced leaders from the offset
    - Fantastic training programs covering a wealth of knowledge
    - Early opportunities to gain exposure to clients & senior market players

    Cons

    - Unhealthy snacks in the pantry
    - No showers in the office
    - Longer than most office hours (expected to be minimum 8AM-6PM)

    Advice to Management

    Continue the growth, continue listen to employees, continue to be transparent, continue to be a great employer!


  8. "Felt bored after a month"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Global Data Analyst in London, England (UK)
    Current Employee - Global Data Analyst in London, England (UK)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Bloomberg L.P. full-time (More than a year)

    Pros

    starting salary is ok
    opportunities to be involved in charity projects

    Cons

    Incompetent & really not motivating managers & team leaders

    Advice to Management

    Hire managers who know how to manage & team leaders who know how to lead a team maybe?


  9. "account manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great experience, people, environment and opportunities

    Cons

    nothing to mention - all good

    Advice to Management

    none


  10. "Project Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in London, England (UK)
    Current Employee - Project Manager in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good benefits and development opportunity

    Cons

    High work load and no over time pay, high turnover of staff

    Advice to Management

    Hire more people !


  11. "Be careful what you're getting yourself in for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales and Analytics in London, England (UK)
    Former Employee - Sales and Analytics in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than a year)

    Pros

    - Excellent training on the financial markets and the product as soon as you start- great for people new to finance, a boring waste of time for those with some experience

    - Relatively speaking, the pay in Analytics is good for the hours (8am -6pm) and stress you are under, plus the training you receive.

    Cons

    - I believe the unusual combination of Bloomberg's private ownership and dominant market position have created a culture of nepotism, inefficiency and general poor management that persists across the firm but particularly in Analytics.

    - The nature of running a 24/7 Helpdesk means you do not have control over basic aspects of your working life (what time you have lunch, leaving work early, taking time off)

    - The core terminal business is currently in decline and business is tough. This doesn't make for a happy salesforce or happy clients. Management have persisted with high sales targets that, when not hit, cause pay to stagnant and bonuses to be cut.

    - What is not made clear at interview is that you now spend 2-3 years on the Helpdesk before moving to sales/other areas. Even when people are ready to move on their careers are held back.

    - Too many people get enticed to work at Bloomberg on the snacks in the pantry and cool office design- don't! The novelty wears off after a month. Base your decision on more substantial factors.

    - Do not think you can use this role as a stepping-stone into a front office finance role. People generally go to the middle/back office or FinTech startups.

    Advice to Management

    - Hire the odd manager from outside the company to mix things up and provide some external perspective. Too many Team Leaders have come through the company right from Customer Support Reps and owe their ongoing success to subserviency and unquestioning obedience.

    - Stop moving the goalposts of success one week to the next- spend time deciding long-term goals and persevere with them.

    - It is not fair to promise employees one path of career progression when they join then change this numerous times after they have joined the company without explaining the rationale behind this and acknowledging the inconvenience this may have caused.

    - Make more effort in discovering employees' abilities in areas outside of answering client's queries and utilise these to your advantage instead of seeing them as a threat!



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